Every day, one in 31 hospital patients contracts a hospital-acquired infection (HAI) in the U.S., which, in total, lead to 1.7 million cases and 99,000 deaths in the country each year, says the Centers for Disease Control and Prevention (CDC). This and the generally high levels of hygiene to be maintained at such places have been driving the demand for disposable medical supplies. Moreover, the COVID-19 situation has raised the general awareness on disposable products as a means to prevent infections.
Due to the combined effect of these factors, the medical disposables market revenue, as claimed by P&S Intelligence, will increase to $90 billion by 2030 from $51 billion in 2020. Medical settings are rapidly adopting disposable medical supplies ranging from surgical gloves and syringes to vital signs monitor electrodes and even the consumables used to sterilize medical products. The idea is since they are used only on one patient and then discarded, the chances of them accumulating pathogens from one patient and spreading them to another healthy one are extremely few.
Another key factor that is driving the demand for medical supplies, disposable and multiuse, is the rising prevalence of all kinds of chronic and acute diseases. According to the World Health Organization (WHO), heart diseases and cancer carry an annual death rate of 17.9 million and 9.6 million people, respectively. Moreover, as per the International Diabetes Federation (IDF), in 2019, 463 million people had this common disease. Other than diseases, people end up in hospitals due to physical injuries, mental issues, and many other reasons.
One of the most-significant factors in this regard is age, which makes people vulnerable to diseases and injuries of all types. For instance, the American Heart Association (AHA) estimates the cardiovascular disease incidence in the U.S. at around 40%, 75%, and 86% for the age groups of 40–59, 60–79, and above 80, respectively. Thus, with the United Nations (UN) predicting the population in the age group of 65 and above to rise from 727 million in 2019 to 1.5 billion in 2050, a lot more hospitalizations are in the offing, which would definitely boost the demand for all types of medical supplies imaginable.
Currently, hospitals order much of the disposable medical supplies as they receive the highest number of patients each year. Most large hospitals operate both in-patient and out-patient (OPD) departments, which leads to a high volume of medical examinations each day. Additionally, even patients prefer hospitals as they are all-inclusive facilities with multiple departments, advanced equipment, and trained professionals. Such places are already subject to the stringent patient safety and hygiene regulations of governments and international bodies, which is why they need to be extra cautious.
Browse full report at: https://www.psmarketresearch.com/market-analysis/medical-disposables-market-outlook
Presently, North America is the largest medical disposables market because of its advanced healthcare industry and high number of medical facilities. In addition, the medical reimbursement scenario here is rather favorable, which allows people to easily afford expensive care. Further, the COVID-19 situation is quite grave in the region, the U.S. being the country with the highest case and mortality counts, which has catapulted the demand for disposable medical supplies.
Hence, with the rising number of hospitalizations and medical examinations amid the growing awareness on hospital hygiene and HAIs, the demand for disposable medical supplies will continue to surge.