Market Size of Disposable Medical Supplies Industry
| 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 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 Size Summary
The disposable medical supplies market is experiencing significant growth, driven by various factors including the impact of the COVID-19 pandemic, which led to a surge in demand for products like masks, gowns, and disinfectants. The pandemic prompted increased hospital admissions globally, thereby boosting the need for disposable medical supplies. Government initiatives, such as Australia's Living with COVID-19 primary care package, further supported this demand by providing free PPE to healthcare providers. Additionally, the market is expanding due to the rise in surgical procedures, hospital-acquired infections, and chronic diseases, alongside heightened public awareness of hygiene and health. The increasing prevalence of conditions such as diabetes and cardiovascular diseases has also contributed to the market's growth, as these conditions often require additional medical supplies.
The market is characterized by a competitive landscape with major players like Cardinal Health, Inc., Medtronic, and 3M leading the charge. The masks segment, in particular, has seen a substantial increase in revenue due to the ongoing demand for protective equipment amid the pandemic. North America holds the largest market share, supported by advanced healthcare infrastructure and significant government investment. The region's market growth is further fueled by the rising number of hospital admissions and the prevalence of hospital-acquired infections. Despite challenges such as increased waste from disposable products and inadequate reimbursement, the market is poised for continued expansion, driven by ongoing product launches and innovations in disposable medical supplies.
Disposable Medical Supplies Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Rising Number of Surgical Procedures
-
1.2.2 Increase In Incidences of Hospital Acquired Infections (HAI) and Other Chronic Diseases
-
1.2.3 Growing Awareness Regarding the Importance of Maintaining Health and Hygiene
-
-
1.3 Market Restraints
-
1.3.1 Increase in Waste Produced Due to Disposable Products
-
1.3.2 Inadequate Reimbursement for Disposable Medical Supplies
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Buyers/Consumers
-
1.4.2 Bargaining Power of Suppliers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD)
-
2.1 By Type
-
2.1.1 Gloves
-
2.1.2 Drapes and Gowns
-
2.1.3 Masks
-
2.1.4 Needles and Syringes
-
2.1.5 Procedure Kits and Trays
-
2.1.6 Other Types
-
-
2.2 By End Users
-
2.2.1 Hospitals and Clinics
-
2.2.2 Ambulatory Surgery Center
-
2.2.3 Other End Users
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
-
2.3.2 Europe
-
2.3.2.1 Germany
-
2.3.2.2 United Kingdom
-
2.3.2.3 France
-
2.3.2.4 Italy
-
2.3.2.5 Spain
-
2.3.2.6 Rest of Europe
-
-
2.3.3 Asia Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 India
-
2.3.3.4 Australia
-
2.3.3.5 South Korea
-
2.3.3.6 Rest of Asia Pacific
-
-
2.3.4 Middle East and Africa
-
2.3.4.1 GCC
-
2.3.4.2 South Africa
-
2.3.4.3 Rest of Middle East and Africa
-
-
2.3.5 South America
-
2.3.5.1 Brazil
-
2.3.5.2 Argentina
-
2.3.5.3 Rest of South America
-
-
-
Disposable Medical Supplies Market Size 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.
