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Posted by smithmorgan on August 14, 2024 at 5:54pm 0 Comments 0 Likes
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Posted by smithmorgan on August 14, 2024 at 5:51pm 0 Comments 0 Likes
Global Disposable Medical Supplies Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
The global disposable medical supplies market was valued at USD 64622.47 million in 2020, and is expected to reach USD 128315.24 million by 2030, registering a CAGR of 7.1% during the forecast period.Disposable medical supplies are medical consumables which are non-durable, that are usually disposable in nature. These supplies cannot survive repeated usage by more than one individual. Development of disposable supplies was aimed at reducing the infections in hospital settings such as bloodstream infections hospital-acquired pneumonia, urinary tract infections, and others. It is protective equipment used to protect healthcare workers against infections and diseases. It also prevent cross contamination between doctor and caregivers and doctor and patient during medical examination, surgical procedure and chemotherapy. It is an integral part of the infection control strategy and their uses regulated by FDA class I reserved medical device. The need for disposable medical supplies has witnessed reliable growth, as hospitals and outpatient facilities are implementing severe infection prevention safety measures to be at par with the standards. Growing rate of disease & disorders and rising aging population are the factors that drive the growth for disposable medical supplies market.
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Market Dynamics and Factors:
High necessity for disposable medical supplies and favorable government regulations for their mandated use drive the market. Growth will be driven by increasing volume of patient activity, aging populations, rising epidemiological trends, improvements in developing world healthcare systems, and the acceptance of stricter healthcare infection hindrance protocols throughout the world. However, the insufficient compensation scenario for these products and increase in environmental concerns due to the disposable of medical wastes are expected to restrict the market growth. For instance, according to WHO, about 16 billion injections are administered globally, thus increasing the amount of waste. The market driving by the growing volume of surgeries, growth in the frequency of chronic diseases and growing medical tourism in the region. Increasing number of surgeries will fuel the demand for surgical gowns, hand gloves, drapes, procedure kits and trays, and feeding tube will give a push to the disposable medical supplies market worldwide.
Market Segmentation:
Global Disposable Medical Supplies Market – By Product Type
Diagnostic Supplies
Dialysis Consumables
Radiology Consumables
Infusion Products
Intubation & Ventilation Supplies
Hypodermic Products
Sterilization Consumables
Nonwoven Medical Supplies
Wound Care Consumables
Other Medical Supplies
Global Disposable Medical Supplies Market – By Application
Cardiovascular
Cerebrovascular
Ophthalmology
Gynecology
Urology
Orthopedics
Others
Global Disposable Medical Supplies Market – By End-User
Hospitals
Clinics/Physician Offices
Assisted Living Centers & Nursing Homes
Ambulatory Surgery Centers
Research Institutes
Global Disposable Medical Supplies Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America held the largest share in terms of revenue in the global disposable medical supplies market due to a growing geriatric population in the region, highly developed healthcare infrastructure, and the rising number of ambulatory facilities in the region. Furthermore, developing countries such as China, India, and Brazil are gaining significance for majority of the disposable medical supplies, as they are focusing towards unmet demand for disposable hospital supplies and devices in these countries.
Competitive Scenario:
The key players operating in the disposable medical supplies market are Abbott Laboratories, Cardinal Health Incorporate, Domtar Corporation, Medtronic plc. 3M Company, Becton, Braun (B.) Terumo Corporation, Smiths Group plc. , Bayer AG, and Melsungen AG.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Disposable Medical Supplies industry, although key threats, opportunities and disruptive technologies that could shape the Global Disposable Medical Supplies Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Disposable Medical Supplies Market most.
The data analysis present in the Global Disposable Medical Supplies Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Disposable Medical Supplies Market business.
The 2021 Annual Global Disposable Medical Supplies Market offers:
100+ charts exploring and analysing the Global Disposable Medical Supplies Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Disposable Medical Supplies Market type
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Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.
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