U.S. markets close in 4 hours 47 minutes

  • S&P 500

    4,277.36
    +10.87 (+0.25%)
     

  • Dow 30

    34,405.84
    +209.02 (+0.61%)
     

  • Nasdaq

    14,373.23
    +3.53 (+0.02%)
     

  • Russell 2000

    2,341.96
    +8.34 (+0.36%)
     

  • Crude Oil

    73.77
    +0.47 (+0.64%)
     

  • Gold

    1,780.60
    +3.90 (+0.22%)
     

  • Silver

    26.14
    +0.09 (+0.35%)
     

  • EUR/USD

    1.1952
    +0.0017 (+0.14%)
     

  • 10-Yr Bond

    1.5280
    +0.0410 (+2.76%)
     

  • GBP/USD

    1.3913
    -0.0008 (-0.06%)
     

  • USD/JPY

    110.7530
    -0.0820 (-0.07%)
     

  • BTC-USD

    32,507.55
    -1,860.52 (-5.41%)
     

  • CMC Crypto 200

    776.14
    -66.51 (-7.89%)
     

  • FTSE 100

    7,132.05
    +22.08 (+0.31%)
     

  • Nikkei 225

    29,066.18
    +190.95 (+0.66%)
     

Global Medical Disposables Market to Reach $501.8 Billion by 2026

·7 min read

SAN FRANCISCO, June 25, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Medical Disposables - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Medical Disposables Market
Global Medical Disposables Market

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Engagements: 5003
Companies: 87 - Players covered include Steris; Sterling Medical Products; Surgirnedcorp; Svenska Cellulosa Aktiebolaget SCA (publ); TekMed Pty., Ltd.; Teleflex, Inc.; Terumo Medical Corporation; Tiger Surgical Disposable Pvt., Ltd.; Tissuemed Ltd.; Tranquility Products; Zhejiang Gongdong Medical Technology Co., Ltd.; 365 Healthcare; 4L Health Co., Ltd.; Acelity LP, Inc.; Ahlstrom-Munksjo Oyj; Alpha Healthcare and Equiment; AMMEX Corp.; Ansell Ltd.; Attends Healthcare Products, Inc.; B. Braun Melsungen AG; Becton, Dickinson and Company; Beldico Belgium & International Export; Biovotec AS; Boston Scientific Corporation; Cardinal Health, Inc.; Changzhou Hekang Medical Instruments Co., Ltd.; ConvaTec, Inc.; Cypress Medical Products LLC; Daio Paper Corporation; Dispotech Srl; Drylock Technologies NV; DSG International Ltd.; Dukal Corporation; Dynarex Corporation; Finesse Medical Ltd.; Galaxy Medical Products, Inc.; Halyard Health, Inc.; Hangzhou Jinlin Medical Appliances Co., Ltd.; Hartmann USA, Inc.; Hygeia Medical Supplies and Services, Inc.; Kao Corporation; Kossan Rubber Industries Bhd.; MED-CON Inc.; MedGyn Products, Inc.; Medtronic, Inc.; Mellon Medical B.V.; Molnlycke Health Care; Narang Medical Ltd.; Ningbo Greetmed Medical Instruments Co., Ltd.; Nu-Life Medical & Surgical Supplies Inc.; Ontex Group NV; Principle Business Enterprises, Inc.; Procter & Gamble Company, The; QuickMobile, Inc.; Raaj Medisafe India Ltd.; Rocamed SAM (Monaco); Shanghai Neo-Medical Co., Ltd.; Smith & Nephew PLC and Others.
Coverage: All major geographies and key segments
Segments: Segment (Surgical Instruments & Supplies, Bandages & Wound Dressings, Infusion & Hypodermic Devices, Diagnostic & Laboratory Disposables, Respiratory Products, Incontinence Products, Nonwoven Medical Disposables, Dialysis Disposables, Other Segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-
Global Medical Disposables Market to Reach $501.8 Billion by 2026
Medical disposable products are mainly used in patient examination, diagnostic testing, sterilization, fluid and drug delivery, surgery, wound management, and incontinence management, primarily as a means of reducing patient discomfort. The global market is growing at a rapid rate, driven by the increasing cases of chronic diseases that require longer hospital admissions, growing number of surgical procedures, increase in incidences of Hospital Acquired Infections (HAIs), and above all, the impact of the outbreak of the COVID-19 pandemic across the globe. Continued emphasis on relatively higher number of patient admissions and widespread COVID-19 testing programs across the world are among the major factors that enabled the medical disposables market to maintain a progressive momentum. Although the overall growth in the market remained positive, the surgical instruments & supplies and infusion & hypodermic devices segments took a beating as number of surgeries performed and volume of associated services provided remained lower, especially during the first two quarters. Another driving factor for the growth of the medical disposables market is the increasing geriatric population across the world.

Amid the COVID-19 crisis, the global market for Medical Disposables estimated at US$294.4 Billion in the year 2020, is projected to reach a revised size of US$501.8 Billion by 2026, growing at a CAGR of 8.9% over the analysis period. Surgical Instruments & Supplies, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$57.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bandages & Wound Dressings segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 10.5% share of the global Medical Disposables market. Steered by robust increase in wound care requirements in verticals such as surgical wounds, trauma, lacerations, diabetic ulcers, venous ulcers, burns, and pressure ulcers, demand for various traditional wound dressings such as gauzes, bandages, body netting, cohesive wraps, composite dressings, and non-adherent dressings, exhibited progressive growth.

The U.S. Market is Estimated at $86.4 Billion in 2021, While China is Forecast to Reach $73.5 Billion by 2026
The Medical Disposables market in the U.S. is estimated at US$86.4 Billion in the year 2021. The country currently accounts for a 24.67% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$73.5 Billion in the year 2026 trailing a CAGR of 10.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 7.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR while Rest of European market (as defined in the study) will reach US$79.9 Billion by the end of the analysis period. US dominates market growth due to increasing number of surgeries performed in this region and the presence of major market players. Additionally, the US witnessed significant increase in the number of COVID-19-affected patients, which boosted the demand for medical disposables. Other factors driving demand include established healthcare infrastructure; increased healthcare spending; large patient pool; government initiatives; increasing awareness about cross-contamination and infection control in healthcare and medical fields; and higher rates of advanced technology adoption. In Asia-Pacific, growth is set to be driven by the increasing geriatric population and rising incidence of cardiovascular diseases. The presence of several major players engaged in the development of medical disposable products in countries such as Japan and India are expected to boost Asia Pacific's medical disposables market growth.

Infusion & Hypodermic Devices Segment to Reach $38 Billion by 2026
In the global Infusion & Hypodermic Devices segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$21.8 Billion in the year 2020 will reach a projected size of US$30 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2026, while Latin America will expand at a 5.3% CAGR through the analysis period. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow Us on Twitter
https://twitter.com/marketbytes

Journalists & Media
Info411@strategyr.com

Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/global-medical-disposables-market-to-reach-501-8-billion-by-2026--301319942.html

SOURCE Global Industry Analysts, Inc.

Recommended Stories

  • Forget AMC and Gamestop: 10 New Stocks Reddit’s WallStreetBets Is Buying

    In this article, we discuss the 10 new stocks Reddit’s WallStreetBets is buying. If you want to skip our detailed analysis of these stocks, go directly to 5 New Stocks Reddit’s WallStreetBets Is Buying. The post-pandemic marketplace, already under heavy strain amid fears of inflation and a dramatic drop in the prices of growth stocks […]

  • Should I Buy Paysafe Limited (PSFE)?

    As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the fourth quarter of 2019. A significant number of hedge funds continued their strong […]

  • Fedex down after hours following earnings

    Yahoo Finance's Jared Blikre joined Yahoo FInance Live to break down the key metrics of FedEx's recent earnings report. 

  • How Peter Thiel turned $2,000 in a Roth IRA into $5,000,000,000

    Roth individual retirement accounts were created to help middle class earners set aside money for retirement that they wouldn’t have to pay taxes on at withdrawal. But PayPal co-founder Peter Thiel has used his Roth IRA to amass a $5 billion nest egg.

  • How Much Do You Need to Live Off Dividends?

    Dividends can be used to create passive income in an investment portfolio or grow wealth over the long term through reinvestment. Knowing how to live off dividends may be central to your retirement planning strategy if you want to avoid … Continue reading → The post How Much Do You Need to Live Off Dividends? appeared first on SmartAsset Blog.

  • South African brothers disappear along with $3.6 billion in Bitcoin

    The founders of South Africa’s largest crypto exchange have gone missing.

  • 12 Best EV Stocks to Invest In

    In this article, we will be looking at the 12 best EV stocks to invest in. To skip our detailed analysis on the EV industry, its history, current status, and future outlook, you can go ahead to the 5 Best EV Stocks to Invest In. In 2008, when Tesla, Inc. (NASDAQ: TSLA) released its first […]

  • Comcast considers buying Roku- RPT

    Myles Udland, Brian Sozzi, and Julie Hyman discuss Comcast’s interest in acquiring Roku as Comcast plans to better position itself in the media landscape.

  • Nokia Shares Are Surging Because ‘an Inflection in Demand’ for 5G Could Be Here

    Nokia American depositary receipts have been far underperforming those of Ericsson, but Nokia could be set to rebound.

  • Bitcoin hammering out a bottom; Tesla breaking out

    On today’s ‘Getting Technical’ Yahoo Finance’s Jared Blikre is joined by C Parets, Founder & Chief Strategist at allstartcharts.com.

  • 3D Systems Gains 28% on Partnership with CollPlant

    3D Systems (DDD) partnered with Israel-based regenerative medicine giant CollPlant (CLGN) Biotechnologies. Following the deal, 3D Systems gained 27.7%, while CollPlant shares were up 12.6% on June 22. 3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. The company gained 201.7% in the past six months and 426.7% over the past year. Through th

  • Peter Thiel turned his Roth IRA into a pot of gold. You can too — but you have to ‘tread carefully’

    Peter Thiel transformed a tiny Roth IRA worth approximately $2,000 into a $5 billion tax-free behemoth, according to an article from the investigative news site ProPublica. “You would have to tread very carefully,” said Michelle Gessner of Gessner Wealth Strategies in Houston, Texas. “I don’t think it’s impossible for the average person to do their own smaller scale version of it,” said Malcolm Ethridge, executive vice president at CIC Wealth in Rockville, Md., and host of The Tech Money podcast.

  • 10 Best Dividend Stocks to Buy and Hold According to Tiger Cub Lee Ainslie

    In this article, we discuss the 10 best dividend stocks to buy and hold according to Tiger Cub Lee Ainslie. If you want to skip our detailed analysis of Tiger Cub Lee Ainslie’s history and hedge fund performance, go directly to the 5 Best Dividend Stocks to Buy and Hold Now According to Tiger Cub […]

  • Top REITs for July 2021

    Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. They allow investors to easily invest in the real estate sector, which includes companies that own, develop, and manage residential, commercial, and industrial properties.

  • AMC stock set to snap 4-week win streak

    Shares of AMC Entertainment Holdings Inc. fell 2.5% in premarket trading Friday, which puts the meme stock on track to snap a four-week win streak in which it rocketed nearly fivefold. The movie theater chain's stock has lost 4.3% so far this week, after soaring 390.6% over the previous four weeks. During the weekly win streak, the stock had closed at a record $62.55 on June 2. Among other meme stocks, GameStop Corp. rose 1.1% in premarket trading Friday, which would put it on track to snap a tw

  • GSK to Spin-Off Consumer Healthcare Business by Mid-2022; Provides Outlook

    The global pharmaceutical company GlaxoSmithKline plc (GSK) announced the strategic separation of its Consumer Healthcare business, to be completed by mid-2022. The New GSK will focus on Vaccines and Specialty Medicines. Shares jumped 2% to close at $39.85 on June 23. (See GlaxoSmithKline stock chart on TipRanks) In 2017, the company resolved to transform its business model and has made significant progress with 11 major product approvals and portfolio changes within the Vaccines and Pharma segm

  • Top Utilities Stocks for July 2021

    These are the utilities stocks with the best value, fastest growth, and most momentum for July 2021.

  • Starved for Income? Consider These 4 Funds.

    U.S. government securities yield less than nothing, if you consider the effects of inflation, and stocks are high. Closed-end funds may be one of the few vehicles that can produce steady income.

  • U.S. inflation likely to remain elevated for up to four years - BofA

    BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and said that only a financial market crash would prevent central banks from tightening policy in the next six months. It was "fascinating so many deem inflation as transitory when stimulus, economic growth, asset/commodity/housing inflations (are) deemed permanent", the investment bank's top strategist Michael Hartnett said in a note on Friday. U.S. inflation has averaged 3% in the past 100 years, 2% in the 2010s, and 1% in 2020, but it has been annualising at 8% so far in 2021, Bofa said in the note.

  • Ethereum: The Run to $9000 Was Delayed. Get Ready for the Next Try

    Now I am watching for a last more minor wave lower to ideally $1500-1300 before the rally to $9000 should commence.