The Disposable Medical Supplies market is projected to register a CAGR of 9.4% during the forecast period.

The COVID-19 outbreak had significantly impacted the disposable medical supplies market by the sudden increase in the demand for disposable products such as gowns, masks, antiseptics, and disinfectant products. The increase in COVID-19 affected patients led to the increase in hospital admissions across the globe due to which the demand for medical disposable supplies has increased significantly. In March 2020, the WHO has appealed to the governments and the industries to increase the manufacturing of personal protective equipment like hospital gowns, medical masks, gloves, face shields, respirators, goggles, and aprons by 40% as to keep up with the pace of increasing demand. Due to the increase in the demand for these products, their prices have experienced a sudden hike. For example, According to WHO the surgical masks price increased six times, and hospital gowns price increased two times in 2020. Hence, the COVID-19 had impacted this market and is expected to contribute significantly during the forecast period.

Moreover, the major factors responsible for the growth of the disposable medical supplies market include rising number of surgical procedures, increase in incidences of hospital acquired infections (HAI) and other chronic diseases, and growing awareness regarding the importance of maintaining health and hygiene.

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Chronic diseases such as diabetes and cardiovascular diseases had impacted the disposables medical supplies market significantly. For instance, according to International Diabetes Federation, In 2019, it was estimated that 463 million people have diabetes and this number is projected to reach 700 million by 2045. Prolonged diabetes may lead to foot ulcers which leads to increase in the duration of hospital stay hence impacting the market positively over the forecast period. Despite of strict measures taken by the healthcare industry, there are significant number of patients which acquire hospital acquired infections during the patient stay in the hospital. According to Centers for Disease Control and Prevention (CDC), more than 3% of patients suffer from hospital acquired infections in the U.S. every year.

Moreover, increasing awareness among healthcare workers regarding hygiene and health and increase in robot assisted surgical procedures is expected to drive the disposable medical supplies market. Increasing incidences of acquiring infections during surgery and maternity care had created awareness for safety and hygiene. Additionally, the increase in the number of COVID-19 cases across the globe and the growing need of the frontline workers to protect themselves from the spread of the deadly virus will boost the market growth. For instance UNICEF launched a joint tender in April for PPE supplies during 2020 on behalf of several UN organizations

However, increase in waste produced due to disposable products and inadequate reimbursement for these devices are expected to restrain the market growth, over the forecast period.

Key Market Trends

The Masks Segment is Expected to Account for the Largest Market Share During the Forecast Period.

The masks segment contributed the most to revenue. The recent outbreak of COVID-19 has had a big influence on the market and has resulted in a considerable surge in disposable mask sales all over the world. To prevent the numbers of death due to severe infection from spreading from one person to another, the World Health Organization has suggested that everyone wear disposable masks. In such situations, disposable mask demand is expected to rise. In addition, in order to combat COVID-19, the Food and Drug Administration (FDA) has relaxed limits on face masks and respirators. As a result, the segment’s growth is predicted to be significantly boosted throughout the forecast period.

As the pandemic has spread to more than 213 nations, governments across the world are confining exports to satisfy domestic demand through expanded production. This has brought about deficiencies in nations that rely upon imports. In this manner, to fulfill the rising need for masks, numerous organizations overall are putting forth attempts to expand the creation of face masks. As of early May 2020, 88% of the total world’s population lived in nations that mandated the utilization of face masks out in the public. Almost 75 nations had commanded the utilization of masks.

To promote the usage of face masks as a preventive measure from corona virus there is a increase in the social media campaigns. For instance, Facebook is providing free advertising space to WHO to put alerts regarding facts about COVID-19 on the top of the social media feeds page of facebook and Instagram to encourage users to wear face masks before stepping out in public. Due to increased awareness among general population, the masks segment drive the disposable medical supplies market.

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North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.

North America held the highest market share in the disposable medical supplies market, due to the rising number of surgeries, advanced infrastructure and significant government investment in upgrading healthcare facilities, and the rising prevalence of chronic diseases. Furthermore, a rise in the number of COVID-19 patients in this area has boosted the demand for medical supplies. According to a WHO report, there were 1,416,969 confirmed cases of COVID-19 in Canada, as of 6th July 2021, with 26,360 deaths. Furthermore, in the following month or two, the number of cases is projected to skyrocket, which will drive the disposable medical supplies market in the region.

For instance, in February 2020, Alpha Pro Tech, Ltd. reported the remarkable increase of production of its N-95 Particulate Respirator face veils in light of a huge expansion in client interest and level of requests coming because of the flare-up of COVID-19. The organization has started extra N-95 Particulate Respirator face cover creation at its Salt Lake City, Utah office (United States). In April 2021, Yanimed entered into a joint venture with Guangdong Guyun Medical Technology Co., ltd. aiming at the creation of Yanimed – YaniPure, a new brand providing high quality gloves that will operate exclusively in the United States market.

Furthermore, because of the growing senior population and the rising prevalence of cardiovascular illnesses, Asia Pacific is predicted to increase at the quickest rate over the projection period. Furthermore, COVID-19 has wreaked havoc in the Asia Pacific region. The fast-paced growth of the Asia Pacific market is fueled by a large geriatric population in Japan, China, and India, as well as the region’s developing healthcare infrastructure.

Competitive Landscape

The disposable medical supplies market is moderately competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some of the companies which are key players in the market are Cardinal Health, Inc., Medtronic, 3M, Owens & Minor, Molnlycke Health Care AB, Medline Industries Inc, Semperit AG Holding, Ansell Healthcare LLC, Nipro Corporation and McKesson Corporation

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