Global Medical Disposables Market to Reach USD 326.4 Billion by 2033 at a 7.1% of CAGR, Driven by Strong Demand for Bandages & Wound Dressings

Global Medical Disposables Market

The global medical disposables market is set to experience robust growth over the next decade, with a new industry analysis report from Future Market Insights revealing that global sales of medical disposables in 2022 amounted to USD 153.5 billion. The market is projected to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2033, reaching a value of USD 326.4 billion by 2033.

Medical disposables, including essential products like bandages, wound dressings, gloves, syringes, and other single-use items, play a critical role in infection control, patient care, and maintaining hygiene in healthcare settings. Rising demand for these products is fueled by increasing awareness about infection prevention, advancements in medical technology, and the growing geriatric population.

Key Market Insights:

• Bandages & Wound Dressings Lead the Market: Among the various product types, bandages & wound dressings are expected to be the highest revenue-generating segment, growing at a CAGR of 6.8% from 2023 to 2033. The increasing prevalence of chronic wounds, surgical site infections, and the rising number of trauma cases are driving demand for advanced wound care products.
• Infection Control and Hygiene: The global focus on infection control, especially in the wake of the COVID-19 pandemic, has significantly increased the demand for disposable medical products. Hospitals and healthcare facilities are prioritizing the use of disposable items to minimize the risk of infections.
• Aging Population and Rising Surgical Procedures: The growing elderly population, who are more prone to chronic diseases and require frequent medical care, coupled with the rising number of surgeries worldwide, is further boosting the demand for medical disposables.

Regional Outlook: North America holds a dominant position in the global medical disposables market, supported by well-established healthcare infrastructure, high healthcare spending, and stringent infection control regulations. Europe follows closely, while the Asia-Pacific region is emerging as a lucrative market due to increasing healthcare investments, expanding patient populations, and improving healthcare access in countries like India and China.

Future Outlook: The medical disposables market is expected to continue its upward trajectory as healthcare providers increasingly adopt single-use medical products to enhance patient safety and reduce the risk of cross-contamination. With continuous innovation and the development of advanced disposable medical products, the market is set to play a crucial role in shaping the future of healthcare delivery.

Competitive Analysis

The key companies in the market are engaged in mergers, acquisitions and partnerships.

The key players in the market include 3M, Johnson & Johnson Services, Inc., Abbott, Becton, Dickinson & Company, Medtronic, B. Braun Melsungen AG, Bayer AG, Smith and Nephew, Medline Industries, Inc., and Cardinal Health.

Some of the recent developments of key Medical Disposables providers are as follows:

• In April 2019, Smith & Nephew PLC purchased Osiris Therapeutics, Inc. with the goal of expanding its advanced wound management product range.
• In May 2019, 3M announced the acquisition of Acelity Inc., with the goal of strengthening wound treatment products.

Similarly, recent developments related to companies offering Medical Disposables have been tracked by the team at Future Market Insights, which are available in the full report.

A Full Report Overview

Market Segments Covered in Medical Disposables Industry Analysis

By Product Type:

• Surgical Instruments & Supplies
  • Would Closures
  • Procedural Kits & Trays
  • Surgical Catheters
  • Surgical Instruments
  • Plastic Surgical Drapes
• Infusion and Hypodermic Devices
  • Infusion Devices
  • Hupodermic Devices
• Diagnostic & Laboratory Disposables
  • Home Testing Supplies
  • Blood Collection Sets
  • Disposable Labware
  • Others
• Bandages and Wound Dressings
  • Gowns
  • Drapes
  • Face Masks
  • Others
• Sterilization Supplies
  • Sterile Containers
  • Sterilization Wraps
  • Sterilization Indicators
• Respiratory Devices
  • Prefilled Inhalers
  • Oxygen Delivery Systems
  • Anesthesia Disposables
  • Others
• Dialysis Disposables
  • Hemodialysis Products
  • Peritoneal Dialysis Products
• Medical & Laboratory Gloves
  • Examination Gloves
  • Surgical Gloves
  • Laboratory Gloves
  • Others

By Raw Material:

• Plastic Resin
• Nonwoven Material
• Rubber
• Metals
• Glass
• Other Raw Materials

By End-use:

• Hospitals
• Home Healthcare
• Outpatient/Primary Care Facilities
• Other End-uses

By Region:

• North America
• Latin America
• Europe
• APAC
• MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube