Technological Advancements Propel the Medical Disposables Market to New Heights

The World Health Organization (WHO) has highlighted that healthcare-associated infections (HAIs) are a significant concern, affecting around 10% of hospitalized patients in developing countries and 7% in developed countries. The incidence of HAIs is notably higher in low- and middle-income countries, particularly in intensive care units (ICUs), due to substandard healthcare facilities. This growing prevalence of HAIs is driving the global demand for medical disposables.

The expanding geriatric population is another factor contributing to the growth of the medical disposables market. In 2020, this market was valued at approximately $51 billion, and it is expected to reach $90 billion by 2030. According to the United Nations Department of Economic and Social Affairs (UNDESA), the global population of individuals aged 65 years and above is projected to increase from 727 million in 2020 to 1.5 billion by 2050. Elderly individuals often require extended hospital care due to chronic conditions like cancer, cardiovascular diseases (CVDs), and kidney failures, further boosting the use of medical disposables.

Technological advancements in medical supplies for homecare settings are also fueling the uptake of disposable products worldwide. Leading manufacturers are continuously innovating, incorporating advanced technologies to expand their product range. Disposable medical products are now more economically viable than reusable alternatives, offering the added advantage of preventing infections without the complications of sterilizing reusable supplies.

Various medical disposables, including prefilled syringes, smart syringes, glucose monitoring strips, radiology consumables, and more, are widely utilized by healthcare professionals globally to minimize infections and reduce healthcare costs. In the coming years, nonwoven medical supplies are expected to see the fastest growth due to their effectiveness in preventing HAIs.

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These products are utilized in hospitals, research institutes, ambulatory surgery centers, nursing homes, clinics, and physician offices for the diagnosis and treatment of various ailments. Hospitals, in particular, are the largest consumers, driven by increased patient admissions and the need to lower operational costs by using disposable devices instead of sterilizing reusable ones.

P&S Intelligence reports that North America has been leading the medical disposables market, driven by factors like a growing elderly population, increased government spending on research and development, and the rising occurrence of HAIs. For instance, the Centers for Disease Control and Prevention (CDC) estimates that 1 in 31 hospital patients in the U.S. has at least one HAI on any given day. Additionally, the escalating healthcare costs and prevalence of chronic diseases will continue to drive demand for medical disposables in the region.

In conclusion, the increasing cases of HAIs and the growing aging population are expected to significantly boost the global demand for medical disposables in the years to come.

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