Disposable medical supplies market was valued at $48,630 million in 2016, and is projected to reach $80,252 million by 2023, growing at a CAGR of 7.3% from 2017 to 2023. The dialysis consumables segment accounted for about one-fourth share of the global market in 2016.
Access Full Summary at : https://www.alliedmarketresearch.com/disposable-medical-supplies-market
Disposable medical supplies are medical consumables such as gloves, hypodermic needles, syringes, and applicators among others, which are discarded or disposed of after every use. These medical supplies are essential in reducing the chances of hospital-acquired infections, needle stick injuries, and other communicable diseases. These supplies are prescribed or ordered by a physician and are primarily used to serve a medical purpose in healthcare settings as well as used by patients at homecare.
Increase in incidence of chronic diseases and rise in surgical procedures globally are expected to supplement the market growth. For instance, there are about 4.2 million surgeries that employ various disposable medical supplies are being performed only in the U.S. However, an inadequate reimbursement for these devices and the waste produced due to the disposable products are expected to pose major limitations to the growth. Moreover, the rise in robot-assisted surgeries and increase in investments by developing economies in healthcare sector may pave way for opportunities for market expansion.
The nonwoven medical supplies segment is expected to grow at a significant CAGR during the forecast period, owing to their wide usage in the healthcare settings. These products are surpassing woven fabrics in terms of popularity, as they offer better hygiene conditions and effectively aid in avoiding contamination and infections. The cardiovascular segment dominated the global disposable medical supplies market, accounting for two-ninths share of the total market in 2016. This is due to the high incidence of various types of cardiovascular diseases globally, which in turn increases the number of diagnostic and surgical procedures that utilize disposable medical supplies. Among end users, hospitals generated the highest revenue in 2016, accounting for one-third share, and this segment is projected to continue this trend throughout the forecast period.
The Global Disposable Medical Supplies Market held USD 49,281.24 million in 2018 and is predicted to reach USD 1,18,694.03 million by 2030 with a CAGR of 7.6% from 2019-2030.Disposable medical supplies consist of medical devices, apparatuses, and consumables that can be used only for one time in medical settings.
The disposable medical supplies are vital component for the hospital, nursing homes, ambulatory surgery centers, and research institutes.
This is increasing the disposable medical supplies market size over the years.Access Full Description of this report at:- https://www.nextmsc.com/report/disposable-medical-supplies-market Top Companies: Smiths Group plc, Abbott Laboratories, Bayer AG, Cardinal Health Incorporated, 3M Company, Braun (B.)
On the basis of type, the market is segmented into dialysis consumables, radiology consumables, diagnostic supplies, wound care consumables, infusion products, hypodermic products, sterilization consumables, intubation & ventilation supplies, nonwoven medical supplies, and others.
The nonwoven medical supplies segment is further categorized into incontinence products and surgical nonwoven products.Request sample copy of this report at:- https://www.nextmsc.com/Disposable-Medical-Supplies-Market/request-sample North America is anticipated hold the highest market share during the forecast period.
This is attributable to the factors including enhanced developments in healthcare, high R investments, high consumer awareness, and technological advancements.
These categories include dialysis consumables, diagnostic supplies, infusion products, radiology consumables, hypodermic products, intubation & ventilation supplies, non-woven medical supplies, sterilization consumables, and wound care consumables.Read Report Overview - https://www.transparencymarketresearch.com/disposable-medical-supplies-market.htmlDisposable devices are widely used in the medical sector, primarily due to the necessity of infection-free medical processes.
These devices include syringes, hypodermic needles, bandages, applicators, and wraps, exam gowns, drug tests, gloves, face masks, surgical sponges, and suction catheters.Major considerations behind the use of a specific disposable device in the medical sector usually includes reliability, performance, cost, shelf life, and materials.
In the US, FDA regulations require recyclers to adhere to the same standards as the original manufacturer.The report on global disposable medical supplies market is aimed at narrating the key trends and identifying future opportunities.
In-depth analysis on fundamental competitive threat is a vital part of the global disposable medical supplies market report.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=62985Disposable Medical Supplies Market: Key TrendsThe disposable medical supplies market is expected to witness a healthy growing during 2018-2026.
The market is driven by an aging population, increased awareness about serious risks such as HIV infection caused by reuse of medical supplies.
These drivers are expected to result in notable growth for the market in the near future.Additionally, increasing regulations requiring hospitals to effectively dispose biomedical waste is also expected to provide an upward push to the disposable medical supplies market.
The statistical surveying report on the global Disposable Medical Supplies Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.Disposable medical supplies are medical and surgical products which are intended for one use only.
Disposable medical supplies mainly include injection and infusion products, wound care products, blood and dialysis products, medical implanting material, disposable clothing, incontinence supplies and surgical supplies etc.Disposable medical supplies mainly include injection and infusion products, wound care products, blood and dialysis products, medical implanting material, disposable clothing, incontinence supplies and surgical supplies etc.
Surgical supplies, wound care, injection & infusion and medical implanting material are the main products which together occupied 65% share in the disposable medical supplies market.According to this study, over the next five years the Disposable Medical Supplies market will register a 5.5% CAGR in terms of revenue, the global market size will reach US$ 248700 million by 2024, from US$ 180600 million in 2019.
Asia-Pacific is anticipated to be the leading contributor to the global market revenue in 2017.
The medical disposable market is primarily driven by increasing number of elderly populations, increasing need to limit the causes of infection, better performance, cost reliability, shelf life, and material.
The reusable devices are considered to be relatively inexpensive in many different types, and increasing volume of production by the key players globally would also influence the market growth in the coming years.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/medical-disposable-market/request-for-sample Based on the product type the medical disposable market is segmented as Wound Management, Drug Delivery, Dialysis, Nonwoven Incontinence, Respiratory Supplies, Diagnostic and Laboratory, and Sterilization.
Similarly, on the basis of raw material, the market is segmented as Paper and Paperboard, Plastic Resin, Nonwoven Material, Metals, Glass, and Rubber.
Plastic Resin is expected to be the fastest growing segment owning to its various application.
