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.
