Increasing Hospital-Acquired Infection Incidence To Propel Medical Disposables Market Above $90 Bn
Posted: Sep 29, 2022
The surging geriatric population, increasing incidence of chronic diseases, soaring occurrence of hospital-acquired infections (HAIs), and mushrooming healthcare expenditure are the major factors fueling the expansion of the global medical disposables market.
The COVID-19 pandemic has augmented the demand for disposable medical supplies. This is ascribed to the growing usage of single-use syringes, gowns, needles, and surgical face masks by healthcare professionals and general citizens, on account of the fact that these items provide protection from communicable diseases such as the COVID-19 infection. Moreover, the enactment of guidelines, that mandate the use of face masks across the world, by the World Health Organization (WHO) is also fueling the demand for personal protective equipment (PPE), thereby driving the advancement of the medical disposables market.
Depending on type, the medical disposables market is classified into blood collection consumables, glucose monitoring strips, diagnostic catheters, radiology consumables, dialysis consumables, smart syringes, infusion products, prefilled syringes, hypodermic products, intubation & ventilation supplies, nonwoven medical supplies, sterilization consumables, incontinence products, wound care consumables, surgical nonwoven products, infection management products, negative pressure wound therapy (NPWT) devices, and exudate management products. Out of these, the nonwoven medical supplies category dominated the medical disposables market in 2020, and it is predicted to retain its dominance in the forthcoming years as well.
The medical disposables market is also divided, on the basis of application, into cerebrovascular, cardiovascular, gynecology, ophthalmology, orthopedics, and urology categories. Out of these, the cardiovascular category dominated the market in 2020, due to the surge in the incidence of cardiovascular diseases around the world. According to the WHO, these diseases are responsible for the deaths of 18 million people every year.
Geographically, the medical disposables market was dominated by North America in 2020, because of the high government expenditure on healthcare and the existence of several major market players and a large geriatric population in the region.
Many major market players are focusing on product innovation in order to provide better offerings and gain an edge over their rivals. For example, the Food and Drug Administration (FDA) gave Emergency Use Authorization (EUA) to Medtecs USA’s MEDTECS surgical face mask for use in healthcare facilities by medical practitioners in May 2021. This mask provides a protective barrier to particulate matter and liquids and protects medical professionals from large particles and respiratory droplets, which transmit the COVID-19 virus from one person to another.
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