The global medical disposables industry is projected to reach around USD 90 billion by 2030, according to P&S Intelligence. This growth can be ascribed to the thriving elderly populace, increasing occurrence of chronic illnesses, and rising incidence of hospital-acquired infections (HAIs), which have boosted healthcare settings’ concentration on contagion transmission minimization.
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In the coming few years, the nonwoven medical supplies category is projected to experience significant growth in the medical disposables industry, on the basis of type. This can be credited to the fortification such products offer against HAIs. Furthermore, COVID-19 has played a vital role in aiding the development of this category.
The cardiovascular category had the largest share, on the basis of application, in recent years. This is majorly because of the increasing count of patients suffering from cardiovascular illnesses and growing knowledge regarding the early management of these illnesses.
In the past few years, the hospitals category dominated the industry, on the basis of end use. This was because of the increasing patient footfall at these places as they boast state-of-the-art amenities and skilled specialists across disciplines.
In recent years, single-use medical devices have emerged as a substantial money saver over the reusable supplies. Furthermore, these medical supplies aid in stopping contagion spread and dodging the labor-intensive and difficult process of reprocessing the supplies.
As per the WHO, the occurrence of HAIs at any given time in advanced economies varies from 3.5% to 12% of all those going to healthcare settings. This occurrence of HAIs varies worldwide, with 7.1% of the total hospitalized patients in European nations, as stated by the European Centre for Disease Prevention and Control (ECDC).
Hence, the thriving elderly populace, increasing occurrence of chronic illnesses, and growing cases of hospital-acquired infections are the major factors propelling the market.
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