Global Medical Disposables Industry

Global Medical Disposables Industry

  • October 2022 •
  • 403 pages •
  • Report ID: 5960667 •
  • Format: PDF

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Global competitiveness and key competitor percentage market shares

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Complimentary updates for one yearGlobal Medical Disposables Market to Reach $533.8 Billion by 2027
- In the changed post COVID-19 business landscape, 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$533.8 Billion by 2027, growing at a CAGR of 8.9% over the analysis period 2020-2027. Surgical Instruments & Supplies, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$57.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bandages & Wound Dressings segment is readjusted to a revised 6.1% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $72.6 Billion, While China is Forecast to Grow at 10.3% CAGR
- The Medical Disposables market in the U.S. is estimated at US$72.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$79.9 Billion by the year 2027 trailing a CAGR of 10.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$58.6 Billion by the year 2027.
- Infusion & Hypodermic Devices Segment to Record 5% CAGR
- In the global Infusion & Hypodermic Devices segment, USA, Canada, Japan, China and Europe will drive the 5% 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. Latin America will expand at a 5.3% CAGR through the analysis period.

Select Competitors (Total 87 Featured)
3M Company
Ansell Limited
B. Braun Melsungen AG
Bayer AG
Becton, Dickinson and Company
Boston Scientific Corporation
Cardinal Health, Inc.
ConvaTec Group plc
Gerresheimer AG
Johnson & Johnson Services, Inc.
Medline Industries, Inc.
Medtronic plc
Smith & Nephew plc
Smiths Medical, Inc.
Steris Corporation