Global Medical Disposables Market Report 2022: Market to Surpass $500 Billion by 2026 – QNT Press Release


DUBLIN, Aug. 3, 2022 /PRNewswire/ — The “Medical Disposables – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Medical Disposables Market to Reach $501.8 Billion by 2026

The global market for Medical Disposables estimated at US$383.1 Billion in the year 2022, 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.

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. Prevalence of chronic medical conditions such as cardiovascular diseases and diabetes is on the rise, and this trend is expected to positively impact medical disposables market growth.

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 …

Full story available on Benzinga.com



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