U.S. Disposable Medical Supplies Market - Focused Insights 2023-2028

U.S. DISPOSABLE MEDICAL SUPPLIES MARKET SIZE

In the U.S., the disposable medical supplies market was valued at USD 119.17 billion in 2022 and is expected to reach USD 228.38 billion by 2028, growing at a CAGR of 11.45% during the forecast period. The demand for disposable medical supplies is on the rise due to multiple factors, including the rise in the prevalence of hospital-acquired infections (HAIs), the increase in the geriatric population, the growing prevalence of chronic conditions that require a longer hospital stay, and the rise in medical surgeries in the U.S.

The technological advancements in medical supplies for homecare settings are key trends being observed in the disposable medical supplies market. Major players in the market are focused on enhancing their product portfolio with advanced technologies to retain their foothold in the market. In 2020, single-use or disposable medical devices were considered a significant cost saver as compared to reusable medical supplies.

U.S. DISPOSABLE MEDICAL SUPPLIES MARKET TRENDS & DRIVERS

Rising Demand for Distribution Through Online Channels and Retailers

Manufacturers can provide hospitals with easy access to products because of the expanding online marketing and promotional activities. Manufacturing companies can save on their distribution expenses by utilizing online branding and marketing strategies. These e-commerce platforms assist merchants in easily expanding their global customer base. Hospitals are being enticed to purchase disposable medical supplies in bulk due to the discounts and deals offered by online vendors. This is expected to increase the online purchase of disposable medical supplies by hospitals. Factors driving up the sales of some disposable medical supplies in hospitals include the ease of buying them, their unlikely defectiveness, and the ability to quickly obtain them in emergencies. In the upcoming years, it is anticipated that these factors will propel the growth of the global market for disposable medical supplies.

Technical Advancements in Disposable Medical Supplies

Important trends in the US disposable medical market include technological developments in medical supplies for home care settings. Major manufacturers are focusing on expanding their product line with new technology to maintain their market position. When compared to 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.

A Surge in Hospital-Acquired Infections

The rise in hospital-acquired infections is a significant factor in 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 illnesses that can 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 US disposable medical supplies market. According to the World Health Organization (WHO), Hospital-acquired bacterial, viral, and fungal diseases impact 15 percent of all patients in hospitals, and this number is projected to increase. As a result, the disposable medical devices market is expected to increase during the study period.

U.S. DISPOSABLE MEDICAL SUPPLIES MARKET SEGMENT INSIGHTS

• By Product: The surgical supplies segment dominated and accounted for the highest U.S. disposable medical supplies market share of over 19%. 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 retractors, staples & clips, and others. Disposable surgical supplies have witnessed significant traction over the years and are increasingly being adopted during various surgeries such as plastic & reconstructive surgeries, wound closure, orthopedic surgery, laparoscopic surgeries, and others. The 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 12.57% during the forecast period. The market is driven by technological advancements in healthcare and the increasing volume of clinical & research laboratory tests. Some disposables, such as tubes, cuvettes, dishes, gloves, masks, pipettes, and tips, are frequently used during clinical testing to increase testing efficiency and prevent laboratory accidents. Therefore, laboratory supplies and disposables are frequently used to store, collect, and process specimens. The rising number of life science research studies and clinical laboratory testing drives the need for disposable laboratory products. The market is also anticipated to experience a rise in demand from procurement managers in the pharmaceutical and healthcare industries for a steady supply of essential laboratory tools and equipment.

U.S. 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 to garner a large customer base for the key players. The competition in the US disposable medical supplies market is intense, with several global players offering a diverse range of products. Some companies currently dominating the US disposable medical supplies market include Medline, Cardinal Health, 3M, Smith+Nephew, and Terumo. 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.

U.S. DISPOSABLE MEDICAL SUPPLIES MARKET NEWS

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.