12-Oct-2018 | Zion Market Research
Zion Market Research has published a new report titled “Medical Disposables Market by Type (Wound Management Disposables, Drug Delivery Disposables, Nonwoven Medical Disposables, and Others) and by End-user (Emergency Care, Outpatient Facilities, Hospitals, Home Healthcare Facilities, and Physician Offices: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global medical disposables market was valued at approximately USD 194 billion in 2017 and is expected to generate revenue of around USD 279 billion by end of 2024, growing at a CAGR of around 5.3% between 2018 and 2024.
Medical disposables are the products used in the medical field for various purposes to maintain the hygiene and safety standards set by the regulatory bodies. Medical disposables are manufactured with medical grade materials and are packed in sterilized conditions. They are meant for one-time use; this helps in the prevention of spreading various infectious diseases. These medical disposables include catheters, syringes, gowns, blood glucose strips, and others. Medical disposable products directly come in contact with the blood or other materials which can be hazardous for a healthy individual. Medical disposables are used during the surgical procedure, drug delivery, patient examination, wound care, and others. Increased incidences of hospital-acquired infections have encouraged the regulatory bodies to set up the guidelines for the use of medical disposables to prevent the hospital-acquired infection.
Browse the full "Medical Disposables Market by Type (Wound Management Disposables, Drug Delivery Disposables, Nonwoven Medical Disposables, and Others) and by End-user (Emergency Care, Outpatient Facilities, Hospitals, Home Healthcare Facilities, and Physician Offices: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/medical-disposables-market
The medical disposables market is driven by various factors and one of the major factor expected to support the growth of the market over the forecast period are increased prevalence of infectious diseases. As per the World Health Organization Report, there were around 36.9 million people in the world living with HIV infection in 2017. Increase in the number of hospitals and patient visits to the hospitals are expected to promote the growth of the medical disposables market. Moreover, increased demand for medical disposables from the healthcare professionals for the safety of the patient and other individuals are also expected to fuel the growth of the medical disposables market. Furthermore, technological advancement and development of new products in the range of medical disposables are expected to support the growth of the medical disposables market in the near future. However, stringent policies for the approval of medical disposables are expected to promote the growth of the medical disposables market.
The medical disposable market is segmented on the basis of type and end user. Based on the type medical disposables market is segmented into wound management disposables, drug delivery disposables, nonwoven medical disposables, and others. Wound management disposable segment is expected to dominate the medical disposables market which is closely followed by drug delivery disposables segment over the forecast period. Based on end-users, the medical disposables market is classified into emergency care, outpatient facilities, hospitals, home health care facilities, and physician offices. Hospital segment is expected to dominate the medical disposables market over the forecast period.
North America is expected to dominate the medical disposables market over the forecast period owing to the presence of developed economies such as the U.S., Canada, and others. Moreover, advanced healthcare facilities coupled with the increased prevalence of infectious disease are expected to support the growth of the medical disposables market. Europe is expected to be the second largest region in the medical disposables market due to the technological advancement and research activities for the development of new products. The Asia Pacific is expected to be the third largest and fastest growing region in the medical disposables market due to the increased prevalence of infectious disease, the presence of developing economies such as India, China, and others, coupled with the increase in healthcare facilities and increase in per capita income of people. Latin America and the Middle East and Africa markets are expected to develop moderately in the near future.
Some of the major players of the medicals disposables market are Abbott Laboratories, Medtronic Incorporated, Becton and Dickinson Company (BD), Boston Scientific Corporation, Medline Industries Inc., Derma Sciences Incorporated, Kinetic Concepts, Cardinal Health Incorporated, Ansell Limited, Johnson & Johnson, 3M Company and others.
This report segments the global Medical Disposables Market as follows:
Global Medical Disposables Market: Type Segment Analysis
Global Medical Disposables Market: End-User Segment Analysis
Global Medical Disposables Market: Regional Analysis
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