Disposable Medical Supplies Market by Type (Dialysis Consumables, Radiology Consumables, Diagnostic Supplies, Wound Care Consumables, Infusion Products, Hypodermic Products, Sterilization Consumables, Intubation & Ventilation Supplies, Nonwoven Medic

"Market Definition:
At an estimated value of over USD 28.86 billion in 2019, the global disposable medical supplies market is predicted to thrive at a CAGR of 6.2% and valued at USD 55.93 billion by 2030. Disposable medical supplies are the medical devices, apparatuses or consumables for single or temporary use in medical settings such as hospitals and clinics. Disposable medical supplies are relatively affordable and thus help reduce the cost and save the time. Thus, these are an integral part of hospitals, nursing homes, ambulatory surgery centers and research institutes. They are being highly used to avoid contamination and hospital-acquired infections.

Market Dynamics and Trends
Growing preference towards the low-cost disposable medical supplies is replacing high value-added single-use products during surgery and general patient care. This trend is increasing the disposable medical supplies market size over the years. Also, surge in demand for disposable medical supplies to avoid contamination and healthcare-acquired infections, along with favorable government regulations are key factors driving the disposable medical supplies market. However, inadequate reimbursement policies and raising environmental concerns due to medical waste is hampering the growth of the disposable medical supplies market. On the other hand, increasing investment in healthcare sector by various countries around the world and emergence of robot assisted surgeries will create new opportunities for the market in future.

Market Segmentations and Scope of the Study:
The global disposable medical supplies market share has been segmented on the basis of type, application, end user and geography. On the basis of type, the market is segmented into diagnostic supplies, daily consumables, radiology consumables, infusion products, intubation and ventilation supplies, hypodermic products, sterilization consumables, nonwoven medical supplies, wound care consumables and other medical supplies. Diagnostic supplies has been sub segmented into glucose monitoring strips, blood collection consumables and diagnostic catheters. Infusion products has been sub segmented into smart syringes and prefilled syringes. Nonwoven medical supplies has been sub segmented into incontinence products and surgical nonwoven products. Wound care consumables has been sub segmented into infection management, exudate management and negative pressure wound therapy devices. On the basis of application, the market has been segmented into cardiovascular, cerebrovascular, ophthalmology, gynecology, urology, orthopedics and other applications. On the basis on end user, the market has been segmented into hospitals, clinics/physician offices, assisted living centers and nursing homes, ambulatory surgery centers and research institutes. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.

Geographical Analysis
The North America region is anticipated to hold the lion share of the market due to massive investments in R&D, high consumer awareness, advanced technology and improved medical infrastructure. The Asia Pacific region is predicted to show rapid and consistent growth in market share within the forecast period due to ongoing development in the health care sector, increased per capita income and rise in expenses related to healthcare.

Competitive Landscape

Lucrative growth opportunities make the disposable medical supplies market extremely competitive. Some of the major players in the market are Bayer AG, Abbott Laboratories, BECTON, DICKINSON AND COMPANY, B. Braun Melsungen AG, Medtronic Plc, Cardinal Health, Inc., 3M Company, Domtar Corporation, Smiths Group Plc., TERUMO MEDICAL CORPORATION and more. Strategic alliances and acquisitions adopted by companies are among key strategies exercised to maintain market dominance. For example, Solvay, a global leader in speciality polymers announced in October 2018, that the company has introduced new single-use surgical instrument kit – Redi-Spine kit designed for minimally invasive spinal fusion surgery.

KEY MARKET SEGMENTS:
• Global disposable medical supplies market– By type
o Diagnostic supplies
 Glucose monitoring strips
 Blood collection consumables
 Diagnostic catheters
o Dialysis consumables
o Radiology consumables
o Infusion products
 Smart syringes
 Prefilled syringes
o Intubation and ventilation supplies
o Hypodermic products
o Sterilization consumables
o Nonwoven medical supplies
 Incontinence products
 Surgical nonwoven products
o Wound care consumables
 Infection management
 Exudate management
 Negative pressure wound therapy devices
o Other medical supplies
• Global disposable medical supplies market – By application
o Cardiovascular
o Cerebrovascular
o Ophthalmology
o Gynecology
o Urology
o Orthopedics
o Other applications
• Global disposable medical supplies market – by end user
o Hospitals
o Clinics/physician offices
o Assisted living center and nursing homes
o Ambulatory surgery centers
o Research institutes
• Global disposable medical supplies market- by geography
o North America
 U.S.
 Canada
 Mexico
o Europe
 Germany
 France
 UK
 Spain
 Rest of Europe
o Asia-Pacific
 Japan
 China
 Australia
 India
 South Korea
 Rest of Asia-Pacific
o RoW
 Latin America
 Middle East
 Africa"