Market Trends of Global Disposable Medical Supplies Industry
This section covers the major market trends shaping the Disposable Medical Supplies Market according to our research experts:
The Masks Segment is Expected to Account for the Largest Market Share During the Forecast Period.
The masks segment contributed the most to revenue. Sales of disposable masks have increased significantly over the world as a result of the current COVID-19 outbreak, which has had a significant impact on the market. The World Health Organization has advised everyone to wear disposable masks in order to stop the number of deaths caused by serious infection from increasing. In such situations, disposable mask demand continuously rising after Covid.
The primary growth drivers in this segment are expanding consumer adoption, rising pollution levels, and rising health and wellness awareness. Due to the daily rise in surgical procedures and the unprecedented spread of the coronavirus, disposable face masks are also becoming more and more common. According to the World Health Organization Global Air Quality Guidelines released in September 2021, low- and middle-income nations have the highest disease burden attributable to pollution, and hundreds of millions of healthy life years have been lost globally. Air pollution has a greater impact on people with chronic illnesses (including asthma, chronic obstructive pulmonary disease, and heart disease), as well as the elderly, children, and pregnant women. This factor may further lead to higher adoption of disposable face masks.
Governments around the world are limiting exports to satisfy domestic demand through increased production as the virus has spread to over 213 countries. This has led to shortcomings in countries that depend on imports. Thus, many organisations worldwide are making efforts to increase the production of face masks in order to meet the growing demand for masks. As of early May 2021, 88% of the total world's population lived in nations that mandated the utilization of face masks out in the public. The use of masks has been ordered by about 75 nations.
Moreover, COVID-19 has had a significant negative impact on the United States. As a result, government and regulatory bodies are taking measures to prevent the further spread of the disease. Companies are also taking the initiative to create and offer masks to other people, including healthcare professionals. For instance, in November 2021, Health Canada approved Ezzigroup Inc.'s compostable surgical grade face mask manufactured in Canada. These compostable masks are ASTM F-2100 certified. Hence, these factors are expected to boost the growth of the market. Due to increased awareness among general population, the masks segment drive the disposable medical supplies market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.
Due to the growing number of surgeries, sophisticated infrastructure, considerable government investment in enhancing healthcare facilities, and rising prevalence of chronic diseases, North America held the largest market share in the disposable medical supplies market. Additionally, an increase of COVID-19 patients in this region has increased demand for medical supplies. According to the Center for Disease Control and Prevention, in 2021, about a 24% increase in central line bloodstream infection (CLABSI) and a 35% increase in Ventilator-Associated Event (VAE) in 2020. Therefore, the rising prevalence of hospital-acquired infections in the United States spurs regional market expansion. In the United States, the number of hospital admissions has continuously increased over the years. For instance, as per the American Hospital Association (AHA) 2021 report, there were around 36,241,815 total admissions in United States hospitals with 34,078,100 admissions in community hospitals. Furthermore, as per the Canadian Institute for Health Information (CIHI), in 2021, there were around 3 million acute inpatient hospitalizations in Canada, and the hospitalization rate was 7,699 per 100,000 in 2020. Thus, the growing number of hospital admission is expected to drive the demand for disposable medical supplies thereby boosting the market growth.
COVID-19 significantly influences the market for disposable medical supplies in the region. For instance, in February 2020, Alpha Pro Tech, Ltd. reported the remarkable increase of production of its N-95 Particulate Respirator face veils in light of a huge expansion in client interest and level of requests coming because of the flare-up of COVID-19. The organization has started extra N-95 Particulate Respirator face cover creation at its Salt Lake City, Utah office (United States). In April 2021, Yanimed entered into a joint venture with Guangdong Guyun Medical Technology Co., ltd. seeking to establish Yanimed-YaniPure, a new company offering premium gloves that will only serve the American market.
Moreover, growing product launches by the key market players is anticipated to boost the market growth. In April 2021, Cardinal Health was awarded a USD 57.8 million contract for the storage and distribution of 80,000 pallets of PPE to support the Strategic National Stockpile (SNS), part of the Office of the Assistant Secretary for Preparedness and Response within United States Department of Health and Human Services. Such regional advancement is expected to boost the market growth in the North American region.
