Disposable Medical Supplies Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 524.98 Billion |
| Market Size (2029) | USD 996.88 Billion |
| CAGR (2024 - 2029) | 13.68 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Disposable Medical Supplies Market Analysis
The Disposable Medical Supplies Market size is estimated at USD 524.98 billion in 2024, and is expected to reach USD 996.88 billion by 2029, growing at a CAGR of 13.68% during the forecast period (2024-2029).
Key drivers fueling the market's growth include the increasing public adoption of disposable medical products and a heightened awareness of health and wellness. Additionally, the daily uptick in surgeries amplifies the demand for these supplies. For instance, the American Society of Plastic Surgeons (ASPS) released its 2023 Procedural Statistics in June 2024, revealing that in 2023, nearly 1.6 million cosmetic surgical procedures were conducted. The leading five procedures were liposuction, breast augmentation, abdominoplasty, breast lift, and blepharoplasty. The essential use of disposable medical supplies in these procedures to prevent infections directly propels market growth.
Moreover, a rise in infectious diseases, such as tuberculosis and hepatitis, is driving up the demand for disposable medical supplies, which play a crucial role in curbing transmission. For instance, data from the United States Department of Health & Human Services in March 2024 indicated a rise in tuberculosis cases in the U.S. in 2023. The incidence rate per 100,000 individuals climbed from 2.5 in 2022 to 2.9 in 2023. This upward infection trend highlights a burgeoning market potential during the study period.
Additionally, strategic moves like acquisitions and agreements expand companies' product portfolios, thus fueling market growth. For instance, in September 2022, Asker Healthcare Group inked a deal to acquire 100% of Heintel Gruppe's shares, a medical supplies distributor based in Austria. This acquisition positioned Asker Healthcare Group as a prominent player in Europe's medical supplies, devices, and equipment sector. Such strategic maneuvers are poised to bolster market growth in the coming years.
In conclusion, the rising number of surgical procedures, the growing burden of infections, and the company's strategic activities are set to boost the demand for disposable medical supplies, driving market growth in the forecast period. However, challenges like increased waste from disposable products and insufficient reimbursement for these devices may temper this growth.
Disposable Medical Supplies Market Trends
The Masks Segment is Expected to Account for the Largest Market Share During the Forecast Period
This segment highlights the use of disposable masks by personnel as a safeguard against infections. Hospital-acquired infections (HAIs) are on the rise, spreading within hospital settings. This uptick in HAIs is set to elevate the demand for disposable face masks as a preventive strategy. Consequently, the growing prevalence of HAIs is anticipated to spur the expansion of this segment during the study period. For instance, data from the Australian Commission on Safety and Quality in Health Care, released in June 2024, indicated that in 2023, healthcare-associated infections accounted for 37% of all healthcare-acquired complications in Australia. Following HAIs, delirium constituted 13%, with cardiac complications trailing at 12%. The significant share of healthcare-associated infections, which include ailments like influenza and pneumonia, highlights their role in propelling segment growth throughout the study period.
Furthermore, the use of disposable face masks, particularly surgical ones, plays a pivotal role in mitigating the transmission of infectious diseases. A July 2024 article in the British Medical Journal noted that individuals wearing surgical masks in public for over 14 days experienced a marked reduction in self-reported respiratory infection symptoms. Furthermore, the recent green light given to new disposable medical supplies is poised to boost product availability, thereby propelling market growth. For instance, in March 2023, the Food and Drug Administration (FDA) revised and reissued its overarching Emergency Use Authorization (EUA) for disposable, single-use surgical masks. Designed for healthcare professionals in medical environments, these masks are vital in preventing the spread of infections, particularly during the pandemic. Such insights are likely to bolster the demand for disposable face masks, further driving segment growth during the forecast period.
In summary, the pronounced prevalence of healthcare-associated infections, combined with the widespread adoption of disposable masks for their protective benefits, is set to propel segment growth in the coming years.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.
The North American market for disposable medical supplies is set for continued expansion, driven by a rising incidence of infections in healthcare settings, an increased emphasis on infection control, and ongoing innovations in these supplies.
A surge in hospital admissions is likely to boost the demand for disposable medical supplies. For example, a 2023 report from the American Academy of Pediatrics highlighted that approximately 2 million children and adolescents are hospitalized annually in the United States (U.S.). This uptick in admissions not only heightens the demand for disposable medical supplies but also plays a crucial role in protecting patients, doctors, and hospital staff alike. As a result, these factors are fueling the market's growth in the region.
Additionally, as regulatory bodies become more accepting of disposable medical supplies, their availability in the region is set to increase, further propelling market growth. For instance, in October 2024, the U.S. allowed the entry of disposable gloves from the Brightway Group in Malaysia, provided they met U.S. regulations. Therefore, with hospital admissions on the rise and a growing acceptance of these supplies from abroad, the market is primed for substantial growth in the years ahead.
Disposable Medical Supplies Industry Overview
The market for disposable medical supplies is fragmented, with several key players vying for dominance. Presently, a select group of these major players holds a significant share of the market. Some of the companies that are key players in the market are Cardinal Health, Inc., Medtronic, 3M, Owens & Minor, Molnlycke Health Care AB, Medline Industries Inc., Semperit AG Holding, Ansell Healthcare LLC, Nipro Corporation and McKesson Corporation
Disposable Medical Supplies Market Leaders
-
Cardinal Health, Inc.
-
3M
-
Molnlycke Health Care AB
-
Medtronic
-
Owens and Minor
*Disclaimer: Major Players sorted in no particular order
Disposable Medical Supplies Market News
- September 2024: Embecta Corp received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its proprietary disposable insulin delivery system. The system features a wearable, fully disposable patch pump, delivering adjustable basal and bolus insulin for up to three days, tailored to the user's needs.
- January 2024: In response to a spike in flu cases over the holiday season, Spain's Minister of Health, backed by the government, reintroduced a nationwide mask mandate for hospitals which likely increased the usage of disposable masks in the country.
Disposable Medical Supplies Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Number of Surgical Procedures
4.2.2 Increase In Incidences of Hospital Acquired Infections (HAI) and Other Chronic Diseases
4.2.3 Growing Awareness Regarding the Importance of Maintaining Health and Hygiene
4.3 Market Restraints
4.3.1 Increase in Waste Produced Due to Disposable Products
4.3.2 Inadequate Reimbursement for Disposable Medical Supplies
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Type
5.1.1 Gloves
5.1.2 Drapes and Gowns
5.1.3 Masks
5.1.4 Needles and Syringes
5.1.5 Procedure Kits and Trays
5.1.6 Other Types
5.2 By End Users
5.2.1 Hospitals and Clinics
5.2.2 Ambulatory Surgery Center
5.2.3 Other End Users
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cardinal Health Inc.
6.1.2 Medtronic
6.1.3 3M
6.1.4 Owens & Minor
6.1.5 Molnlycke Health Care AB
6.1.6 Medline Industries Inc. (Carlyle and Hellman & Friedman)
6.1.7 Semperit AG Holding
6.1.8 Ansell Healthcare LLC
6.1.9 Nipro Corporation
6.1.10 McKesson Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Disposable Medical Supplies Industry Segmentation
As per the scope of the report, disposable medical supplies include products that are used to prevent cross-contamination between doctors and caregivers and doctors and patients during diagnosis and treatment procedures.
The disposable medical supplies market is segmented by type, end users, and geography. By type, the market is segmented into gloves, drapes and gowns, masks, needles and syringes, procedure kits and trays, and other types. By end users, the market is segmented into hospitals and clinics, ambulatory surgery centers, and other end users. By geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.
| By Type | |
| Gloves | |
| Drapes and Gowns | |
| Masks | |
| Needles and Syringes | |
| Procedure Kits and Trays | |
| Other Types |
| By End Users | |
| Hospitals and Clinics | |
| Ambulatory Surgery Center | |
| Other End Users |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Disposable Medical Supplies Market Research Faqs
How big is the Disposable Medical Supplies Market?
The Disposable Medical Supplies Market size is expected to reach USD 524.98 billion in 2024 and grow at a CAGR of 13.68% to reach USD 996.88 billion by 2029.
What is the current Disposable Medical Supplies Market size?
In 2024, the Disposable Medical Supplies Market size is expected to reach USD 524.98 billion.
Who are the key players in Disposable Medical Supplies Market?
Cardinal Health, Inc., 3M, Molnlycke Health Care AB, Medtronic and Owens and Minor are the major companies operating in the Disposable Medical Supplies Market.
Which is the fastest growing region in Disposable Medical Supplies Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Disposable Medical Supplies Market?
In 2024, the North America accounts for the largest market share in Disposable Medical Supplies Market.
What years does this Disposable Medical Supplies Market cover, and what was the market size in 2023?
In 2023, the Disposable Medical Supplies Market size was estimated at USD 453.16 billion. The report covers the Disposable Medical Supplies Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Disposable Medical Supplies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Disposable Medical Supplies Industry Report
Statistics for the 2023 Disposable Medical Supplies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Disposable Medical Supplies analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Disposable Medical Supplies Market Report Snapshots
