New York, NY 20 Nov
2019 : The medical disposable market is
anticipated to reach over USD 365.1 billion by 2026 according to a new research
published by Polaris Market Research. In 2017, the drug delivery dominated the
worldwide medical disposable industry. Asia-Pacific is anticipated to be the
leading contributor to the global market revenue in 2017. The upward momentum
of medical disposable in the hospitals, outpatient facility and other
healthcare providers. The medical disposable market is primarily driven by
increasing number of elderly populations, increasing need to limit the causes
of infection, better performance, cost reliability, shelf life, and material.
The reusable devices are considered to be relatively inexpensive in many
different types, and increasing volume of production by the key players
globally would also influence the market growth in the coming years.
Increasing number of
technologically advanced products, and continuous research and development to
also drive the market growth. Furthermore, increasing awareness in the patients
for the use of medical disposable devices to also boost the market growth in
the coming years. Also, increasing number of chronic diseases across the globe
would also boost the market growth in the coming years.
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Based on the product type the
medical disposable market is segmented as Wound Management, Drug Delivery,
Dialysis, Nonwoven Incontinence, Respiratory Supplies, Diagnostic and
Laboratory, and Sterilization. Similarly, on the basis of raw material, the
market is segmented as Paper and Paperboard, Plastic Resin, Nonwoven Material,
Metals, Glass, and Rubber. Plastic Resin is expected to be the fastest growing
segment owning to its various application. End user for the medical disposable
devices include Hospitals, Outpatient/Primary Care Facilities, and Home
Healthcare.
North America generated the highest revenue
in the Medical Disposable market in 2017, and is expected to be the leading
region globally during the forecast period. Increasing demand healthcare
facilities, increasing number of geriatric populations, and continuous mergers
and acquisitions of the key players in the U.S. and Canada. Asia Pacific to
also boost the market growth in coming years. The developing healthcare infrastructure
of the countries in this region to be the major factor promoting the growth of
this market during the forecast period.
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The key players operating in the
Medical Disposable market include Johnson & Johnson Services, Inc., 3M,
Abbott Laboratories, Medtronic Plc., B. Braun Melsungen AG, Bayer AG, Smith and
Nephew Plc., Medline Industries, Inc., Cardinal Health, and Becton, Dickinson
& Company. The industry participants launch novel products with
collaboration and partnership agreements with other companies to innovate and
launch new products to meet the increasing needs and requirements of consumers.
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