Europe Disposable Medical Supplies Market - Focused Insights 2023-2028

EUROPE DISPOSABLE MEDICAL SUPPLIES MARKET SIZE

The Europe disposable medical supplies market was valued at USD 98.27 billion in 2022 and is expected to reach USD 200.88 billion by 2028, growing at a CAGR of 12.66% during the forecast period. The demand for disposable medical supplies is on the rise due to multiple factors, including the rise in prevalence of hospital acquired infections (HAIs), growing incidence of disease & disorders coupled with aging population, the growing preference for low-cost disposable medical supplies to reduce contamination and HAIs, along with favorable regulations set forth by governments.

The increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases is anticipated to positively impact the market for medical disposables. For instance, per the EU statistics, more than one-third (35.2 %) of people in the EU reported having a long-standing (chronic) health problem in 2021. Chronic diseases increase the duration of hospital stay, rendering a positive impact on the market growth over the forecast period.

EUROPE DISPOSABLE MEDICAL SUPPLIES MARKET TRENDS & DRIVERS

Rising Demand for Distribution Through Online Channels and Retailers

Manufacturers can provide hospitals with simple access to products because of the expanding marketing and promotional activities online. Manufacturing companies can save on their distribution expenses by using online branding and marketing strategies. These e-commerce platforms assist merchants in easily expanding their global customer base. Hospitals are being enticed to acquire items in bulk by the discounts and deals offered by online vendors for buying disposable medical supplies. This is expected to increase online purchases of disposable medical supplies by hospitals. Factors that are driving up the sales of some disposable medical supplies in hospitals are the ease of buying them, they are unlikely of being defective, and their quick obtained in an emergency situation. In the future, it is anticipated that these factors will propel the growth of the European market for disposable medical supplies.

Technical Advances in Disposable Medical Supplies

The important trends in Europe medical disposables market include technological developments in medical supplies for home care settings. To maintain their market position, major manufacturers are focusing on expanding their product line with new technology. When compared with cost-effective reusable medical supplies, single-use or disposable medical supplies are expected to save a substantial amount of money. Furthermore, such medical supplies aid in infection prevention and eliminate the time-consuming & difficult procedure of recycling the supplies. All these factors are likely to boost the market.

Surge in Hospital-Acquired Infections (HAIs)

The rise in HAIs is a major driver of the medical disposables sector. Surgical site infections, catheter-associated urinary tract infections, ventilator-associated pneumonia, central line-associated bloodstream infections, hospital-acquired pneumonia, and Clostridium difficile infections are all illnesses that occur while receiving medical care in a hospital. As a result, the need for disposable medical products such as hypodermic needles, prefilled syringes, and others is increasing, which is boosting the Europe medical disposables market. Hospital-acquired bacterial, viral, and fungal diseases impact 15 percent of all patients in hospitals, according to the WHO, and this number is projected to increase. As a consequence, the disposable medical devices market is expected to increase during the study period.

EUROPE DISPOSABLE MEDICAL SUPPLIES MARKET SEGMENT INSIGHTS

• By Product: The surgical supplies segment holds the largest Europe disposable medical supplies market share of 20%. This dominance can be attributed to the growing number of surgeries performed, the rise in the geriatric population, the high prevalence of chronic diseases, and others. Surgical supplies include scalpel blades, surgical scissors, forceps, needles & sutures, suctions, surgical retractor, staples & clips, and others. Disposable surgical supplies witnessed significant traction over the years and are increasingly being adopted in various surgeries such as plastic & reconstructive surgeries, wound closure, orthopedic surgery, laparoscopic surgeries, and others. Growing demand for surgical sutures and staples generates revenue potential for medical technology and original equipment manufacturers (OEMs).
• By End-User: The clinical laboratories segment shows significant growth, with the fastest-growing CAGR of 13.79% during the forecast period. This dominance can be attributed to technological advances in healthcare and the increasing volume of clinical & research laboratory tests. Some disposables frequently used during clinical testing include tubes, cuvettes, dishes, gloves, masks, pipettes, and tips. Since they help increase testing efficiency and prevent laboratory accidents, laboratory supplies and disposables are frequently used to store, collect, and process specimens. The demand for laboratory equipment and disposables has been rising on account of advances in the field of chemical and biological research. Laboratories have emerged as multipurpose research facilities that host several types of testing mechanisms, novel developments, and research analogies. The need for various types of equipment and aids across laboratories has given a strong drive to the demand for laboratory disposables in Europe.

EUROPE DISPOSABLE MEDICAL SUPPLIES MARKET REGIONAL ANALYSIS

GERMANY DISPOSABLE MEDICAL SUPPLIES MARKET

The Germany region dominates and holds the largest share of 16% in the European disposable medical supplies market, followed by France and then the UK. Germany expects to account for a significant market share during the forecast period in Europe. The demand for disposable medical supplies is on the rise due to multiple factors, including the rise in prevalence of HAIs, growing incidence of disease & disorders, coupled with an aging population, along with favorable regulations set forth by the government. The other factors, such as the well-established healthcare infrastructure, technological advances, favorable healthcare reforms, presence of leading key vendors, and government support, also contribute to the growth of the overall disposable medical supplies market. Technological advances in medical supplies for homecare settings are key trends being observed in the medical disposable market. Major players in the market are focused on enhancing their product portfolio with advanced technologies to retain their foothold in the market.

EUROPE DISPOSABLE MEDICAL SUPPLIES MARKET VENDOR LANDSCAPE

The disposable medical supplies market is highly competitive. With the growing digitalization of healthcare, various small and mid-sized companies are entering the market to expand their presence in this growing market. Combined with this, the emphasis on the development and discovery of advanced technologies has helped garner a high customer base for the key players.

The competition in the Europe disposable medical supplies market is intense, with several global players offering a diverse range of products. Some of the companies that are currently dominating the European disposable medical supplies market include MedLine Industries, Cardinal Health, 3M Company, Smith+Nephew, and Terumo Corp.

The major players are focusing on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter the disposable medical supplies market and gain access to commercially launched products. For instance, Quipt Home Corp was acquired by Cardinal Health in 2022. This acquisition has facilitated the company's expansion of its global presence, owing to the wider consumer preference of the parent company.