According to Persistence Market Research (PMR), the global disposable medical supplies market will reach USD 17,158.3 million by 2026, witnessing a CAGR of 6.40% between 2022 and 2026. The rise in the prevalence of disease and disorders, combined with a geriatric population, the increased number of Hospital Acquired Infections (HAIs), and the increasing preference for disposable medical supplies in the time of the COVID-19 pandemic are the factors that are expected to drive market growth for disposable medical supplies. Because of its widespread use in healthcare institutions, the nonwoven medical supplies market is likely to grow at a high CAGR over the forecast period.
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Asia-Pacific to Register the Fastest Growth
Modernization of healthcare facilities and clinical procedures will fuel the major growth in the Asia-Pacific region’s disposable medical supplies market. During the predicted period, the Asia-Pacific region is expected to grow at a fast pace. On the other hand, the disposable medical supplies market in North America and Europe is projected to grow moderately. The region’s disposable medical supplies market will continue to grow due to an increasing focus on safety and an increase in the number of innovations emerging from the region.
Competitive Landscape
Disposable Medical Supplies industry is moderately competitive and highly consolidated due to the presence of several large players. Key players in the market are focusing on mergers and acquisitions as the industry is in the growth phase. Companies are making strategic decisions to engage in mergers and acquisitions in order to expand their product portfolios and grow their market share.
- Cardinal Health was granted a US$57.8 million contract in April 2021 for the storage and delivery of 80,000 pallets of PPE to assist the Strategic National Stockpile (SNS), which is part of HHS’s Office of the Assistant Secretary for Preparedness and Response.
- Honeywell International Inc. began producing disposable face masks in August 2020 at its Fulgaon manufacturing facility in Pune, India, to supply face coverings to the Government of India in the fight against COVID-19 in the country.
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Companies
- Cardinal Health, Inc.
- Covidien plc.
- 3M Health Care Ltd.
- Halyard Health, Inc.
- Molnlycke Health Care AB
- Medline Industries Inc
- Sempermed USA, Inc.
- Ansell Healthcare LLC
- Nipro Corp
- McKesson Corp
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