The global medical disposables market size was valued at USD 247.99 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 16.7% from 2020 to 2027. The market growth is attributed to an increasing number of surgical procedures, rising incidence of Hospital Acquired Infections (HAIs), growing prevalence of chronic diseases leading to longer hospital admission, and the impact of COVID-19 outbreak across the globe.
Increasing the prevalence of chronic diseases, such as diabetes and cardiovascular diseases, is anticipated to positively impact market growth. For instance, as per the International Diabetes Federation, the global prevalence of diabetes is expected to increase from 366.0 million in 2011 to 552.0 million by 2030. Since prolonged diabetes leads to diabetic foot ulcers, which, in turn, increases the duration of hospital stay, rendering a positive impact on the market growth over the forecast period.
The growing geriatric population across the globe is anticipated to propel the market growth. For instance, as per the World Health Organization (WHO), the global geriatric population is anticipated to rise from 84.0 million in 2014 to 2.0 billion by 2050. As geriatric population is prone to several diseases, it is also expected to surge the market growth over the forecast period.
Influence of COVID-19 —— Whole World
The recent outbreak of COVID-19 is anticipated to significantly impact the market for medical disposables. The pandemic caused by the virus SARS-CoV-2 has drastically increased the demand for medicines, medical disposable products, emergency supplies, and hospital equipment, including gowns, antiseptics, and disinfectant products. COVID-19 is a zoonotic virus and bats were considered to be the key reservoir of the virus. The intermediate host has not been identified yet and transmission has mainly taken place through fomites and droplets during close unprotected contact between infector and infected. Airborne transmission of the virus has not been reported. In December 2019, the first patient was reported in China and since then, the disease has spread at a rapid pace. The first case was reported in Wuhan and has been identified that the infection was acquired from a zoonotic source. After that human-to-human transmission of the virus largely took place in families within Wuhan. From Wuhan, it gradually spread to adjoining places, such as Hubei, Huanggang, Xiaogan, Ezhou, and Jingzhou.
Influence of COVID-19 —— Global Medical Disposables Market Size
The COVID-19 outbreak and increasing hospital admissions across the globe have significantly increased the demand for medical disposables across the globe. The WHO has appealed to industries and governments to increase the manufacturing of personal protective equipment, including hospital gowns, gloves, medical masks, face shields, aprons, respirators, and goggles, by 40.00% to meet the increasing global demand. It also reported that the rise in demand for these accessories has increased its prices to a major extent. For instance, the price of surgical masks has increased six-fold and the price of hospital gowns has increased two-fold. Furthermore, the WHO has shipped around half a million sets of personal protective equipment to around 47 countries. Therefore, the outbreak of COVID-19 has immensely impacted the market and is considered to be a highly effective driver for this market.
Constant initiatives by the major players in the market are also anticipated to promote market growth. Key players are also adopting various strategies to strengthen their position in the market. For instance, in April 2019, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. with an aim to accelerate the development of its advanced wound management product portfolio. Furthermore, in May 2019, 3M announced to acquire Acelity Inc. with an aim to strengthen wound management solutions. This may expand the customer base of the company. Thus, such initiatives by the key players are anticipated to propel the market growth over the forecast period.
Founded in 2006, Wellmien has grown to a company specializing in disposable medical supplies and Personal Protection Equipment (PPE), integrating with design, manufacture and sales capacity. Wellmien provides globally medical care and food processing facilities with products including face masks, gowns, coveralls, aprons, bouffant caps, shoe covers, sleeve covers, under pads, disposable gloves, wound-care products, first-aid products and surgical packs etc. Our products are best sold to worldwide markets and widely applied to different settings such as hospitals, care centers, wholesalers, government agencies or institutes, food industries and households, etc. With excellent OEM services, our annual sales exceed 20 million USD.
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