Medical Disposables Market To Reach $1,510.09 Billion By 2030

Medical Disposables Market Growth & Trends

The global medical disposables market is anticipated to reach USD 1,510.09 billion by 2030 and is projected to grow at a CAGR of 17.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by various factors such as rising chronic disorders, technological advancements coupled with increasing demand for single-use products in various end-use facilities, and increased investments in healthcare infrastructure.

Technological advancements serve as a crucial catalyst for the expansion of the medical disposables market. Innovations such as smart materials, 3D printing, and nanotechnology have fundamentally transformed the landscape of disposable medical device design and manufacturing. This evolution contributes to heightened efficiency, safety, and overall performance of such devices. The incorporation of these technological breakthroughs facilitates the creation of disposable products characterized by enhanced precision, diminished environmental footprint, and elevated levels of patient comfort.

For instance, in November 2023, Inspira Technologies OXY B.H.N. Ltd. recently disclosed the approval of a grant by the Israeli Innovation Authority (IIA) about its pioneering VORTX Disposable Blood Oxygenation Technology. VORTX is designed with a primary objective of optimizing blood oxygenation and carbon dioxide removal. This engineering approach aims to alleviate prevalent fiber-membrane complications, including device failure, coagulation, and hemolysis. The strategic focus on enhancing oxygenation efficiency and minimizing adverse effects underscores the commitment to overcoming key challenges associated with traditional fiber-membrane technologies.

Technological advancements also drive cost-effectiveness in manufacturing processes, making disposable medical devices more affordable and accessible. The continuous evolution of technologies like robotics and automation in production facilities further ensures the scalability and consistency of disposable medical product manufacturing which boosts the medical disposables market growth in the near future.

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Medical Disposables Market Report Highlights

• In 2023, the sterilization supplies segment dominated the medical disposables market with a market share of 10.98%. Autoclaves, sterilization pouches, and chemical indicators play a pivotal role in infection control within healthcare settings

• The plastic resin segment dominated the medical disposables market in 2023, with a market share of 57.72% as these are highly versatile raw materials that can be used in a wide range of medical device applications

• The hospitals segment dominated the medical disposables market in 2023, with a market share of 53.81% as they serve a large patient population.

• North America dominated the medical disposables market in 2023. The growth is attributed to the region’s well-established healthcare infrastructure, with a large number of hospitals, healthcare facilities, and medical professionals. Thus, the presence of the key players in this region enhances the industry growth

Medical Disposables Market Segmentation

Grand View Research has segmented the global medical disposables market based on product, raw material, end-use, and region:

Medical Disposables Product Outlook (Revenue, USD Million, 2018 - 2030)

• Wound Management Products

• Drug Delivery Products

• Diagnostic and Laboratory Disposables

• Dialysis Disposables

• Incontinence Products

• Respiratory Supplies

• Sterilization Supplies

• Non-woven Disposables

• Disposable Masks

• Disposable Eye Gear

• Disposable Gloves

• Hand Sanitizers

  • Gel

  • Foam

  • Liquid

  • Other

• Others

Medical Disposables Raw Material Outlook (Revenue, USD Million, 2018 - 2030)

• Plastic Resin

• Nonwoven Material

• Rubber

• Paper and Paperboard

• Metals

• Glass

• Others

Medical Disposables End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Home Healthcare

• Outpatient/Primary Care Facilities

• Others

Medical Disposables Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Norway

  • Sweden

  • Rest of Europe

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

  • Rest of Asia Pacific

• Latin America

  • Brazil

  • Mexico

  • Argentina

  • Rest of Latin America

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

  • Rest of MEA

List of Key Players in the Medical Disposables Market

• Medline Industries, Inc.

• Smith & Nephew PLC

• Bayer AG

• BD

• 3M

• Cardinal Health