USA Medical Disposables Market Analysis By 2033

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According to a recently released Future Market Insights report, the medical disposables market revenues were estimated to be US$ 153.5 billion in 2022 and are projected to increase at a CAGR of 7.1% from 2023 to 2033. The market is anticipated to reach US$ 326.4 billion by the end of 2033. The market for bandages and wound dressings, which accounted for the largest revenue share in 2022, is predicted to grow at a 6.8% CAGR from 2023 to 2033.

The rising incidence of Hospital Acquired Infections, an increasing number of surgical procedures, and the growing prevalence of chronic diseases leading to longer hospital admission have been the key factors driving the market.

The subsequent spike in the number of chronic illness cases and a rise in the rate of hospitalizations has fuelled the field of emergency medical disposables growth. The expansion of the medical disposables market is being fuelled by an increase in the prevalence of hospital-acquired illnesses and disorders, as well as a greater focus on infection prevention. For example, the prevalence of healthcare-associated infection in high-income countries ranges from 3.5% to 12%, whereas it ranges from 5.7% to 19.1% in low and medium-income countries.

A growing geriatric population, an increase in the incidence of incontinence issues, mandatory guidelines that must be followed for patient safety at healthcare institutions, and an increase in demand for sophisticated healthcare facilities is driving the medical disposables market.

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The market in North America is expected to reach a valuation of US$ 131 Billion by 2033 from US$ 61.7 Billion in 2022. In August 2000, the Food and Drug Administration (FDA) issued guidance concerning healthcare single-use items reprocessed by third parties or hospitals. In this guidance, FDA stated that hospitals or third-party reprocesses would be considered manufacturers and regulated in the exact same manner. A newly used single-use device still has to fulfill the criteria for device activation required by its flagship when it was originally manufactured. Such regulations have been creating a positive impact on the medical disposables market in the U.S. market in specific and the North American market in general.

Competitive Landscape

The key companies in the market are engaged in mergers, acquisitions and partnerships.

The key players in the market include 3M, Johnson & Johnson Services, Inc., Abbott, Becton, Dickinson & Company, Medtronic, B. Braun Melsungen AG, Bayer AG, Smith and Nephew, Medline Industries, Inc., and Cardinal Health.

Some of the recent developments of key Medical Disposables providers are as follows:

In April 2019, Smith & Nephew PLC purchased Osiris Therapeutics, Inc. with the goal of expanding its advanced wound management product range.
In May 2019, 3M announced the acquisition of Acelity Inc., with the goal of strengthening wound treatment products.
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Market Segments Covered in Medical Disposables Industry Analysis

By Product Type:

Surgical Instruments & Supplies
Would Closures
Procedural Kits & Trays
Surgical Catheters
Surgical Instruments
Plastic Surgical Drapes
Infusion and Hypodermic Devices
Infusion Devices
Hupodermic Devices
Diagnostic & Laboratory Disposables
Home Testing Supplies
Blood Collection Sets
Disposable Labware
Others
Bandages and Wound Dressings
Gowns
Drapes
Face Masks
Others
Sterilization Supplies
Sterile Containers
Sterilization Wraps
Sterilization Indicators
Respiratory Devices
Prefilled Inhalers
Oxygen Delivery Systems
Anesthesia Disposables
Others
Dialysis Disposables
Hemodialysis Products
Peritoneal Dialysis Products
Medical & Laboratory Gloves
Examination Gloves
Surgical Gloves
Laboratory Gloves
Others
By Raw Material:

Plastic Resin
Nonwoven Material
Rubber
Metals
Glass
Other Raw Materials