Global Market For Medical Disposable Products

Increasing number of hospital acquired infections (HAIs) and diseases owing to aging demographic patterns have fueled the demand for medical disposables. Increasing geriatric population and increasing disposable incomes are also anticipated to fuel growth in the global market for disposable medical supplies.The United States will remain the largest market for medical disposable products, with a revenue share of more than two-thirds. However, Asia Pacific is anticipated to experience a significant growth in the next few years. As basic health care services improve in developing countries, the market in this region will expand at a faster pace.

China is expected to witness a considerable growth in the market. Its government is making efforts to upgrade the medical infrastructure. As a result, the demand for disposable medical supplies is expected to increase significantly in China.The growth of the medical disposables market is also predicted to be above the average growth rates for the world. The market is expected to reach US$510 billion by 2026. The demand is expected to increase at a 16.7% CAGR from 2021 to 2028.

The growing population of the elderly, increasing number of hospital acquired infections and increasing prevalence of chronic diseases are the key drivers of the global market. Furthermore, stricter infection prevention standards and increasing use of disposable medical supplies are anticipated to drive the market.The demand for catheters and accessories will increase due to increased use in urological and cardiovascular procedures. Furthermore, the expanding demand for inpatient drug administration procedures will also boost the market for catheters and accessories.