GLOBAL MEDICAL DISPOSABLES INDUSTRY:

The worldwide medical disposables market is predicted to increase at a CAGR of 16.7% during the next five years. The expanding number of surgical procedures, rising frequency of Hospital Acquired Infections (HAIs), rising prevalence of chronic diseases leading to longer hospital stays, and the global impact of the COVID-19 outbreak are all contributing to market expansion. Chronic disorders, such as diabetes and cardiovascular disease, are expected to become more common, which would boost market growth. Medical disposables market growth is fueled by an increase in the number of procedures performed around the world. Every year, around 70 million procedures are conducted throughout Europe. Disposable eyewear, respiratory supplies, hand sanitizers, sterilising supplies, sanitary napkins, and hospital gowns are examples of medical disposables that are required during surgeries. Furthermore, the rising prevalence of HAIs as a result of a lack of precaution and sanitation is likely to fuel market expansion. Furthermore, a rising number of chronic conditions, such as cardiovascular disease and diabetes, is predicted to boost market growth.

COVID IMPACT:

The recent outbreak of COVID-19 is expected to have a substantial impact on the medical disposables sector. The SARS-CoV-2 pandemic has resulted in a significant increase in demand for medicines, medical disposables, emergency supplies, and hospital equipment, such as gowns, antiseptics, and disinfectant products. COVID-19 is a zoonotic virus, and bats were thought to be the virus’s primary reservoir. The intermediate host has yet to be discovered, and transmission has primarily occurred via fomites and droplets during close, unprotected contact between the infector and the affected. The COVID-19 outbreak, as well as rising hospital admissions around the world, has increased demand for medical disposables dramatically. To meet rising worldwide demand, the WHO has urged industry and governments to expand production of personal protective equipment, such as hospital gowns, gloves, medical masks, face shields, aprons, respirators, and goggles, by 40.00 percent. 

MARKET IN INDIA:

All segments and categories of medical items are experiencing tremendous expansion in India. Factors such as the rising burden of chronic diseases and the growing demand for hospital supplies in India are driving the Indian hospital supply industry. In emerging countries like India, the demand for hospital supplies is increasing. There is also a steady increase in the number of initiatives launched by the Indian government to improve the healthcare system. When compared to the major countries throughout the world, the country is gradually increasing its hospital bed density estimates. The demand for hospital supplies is predicted to rise in India as the country’s healthcare infrastructure improves and government attempts to improve and expand health-care facilities grow. Every medical utility product that serves both the patient and the medical professional with hospital infrastructure and enhances the network, transportation between hospitals, is included in hospital supplies. Hospital equipment, patient aids, and mobility devices, as well as sterilisation disposable hospital supplies, are among them. 

TOP PLAYERS WORLDWIDE:

• Abbott Laboratories
• Adventa
• Ansell
• Baxter International Inc.
• Becton, Dickinson and Company
• Boston Scientific Corporation
• Cardinal Health Inc.
• Dynarex
• Fresenius Medical Care AG & Co. KGaA
• General Electric Company
• Hartalega Holdings
• Johnson & Johnson
• Kimberley-clark
• Koninklijke Philips N.V.
• Kossan Rubber Industries
• Latexx Partners Berhad
• Medisafe Technologies
• Medline Industries
• Siemens Healthineers AG
• Stryker Corporation
• Zimmer Biomet Holdings, Inc.