Latex Medical Disposables Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Latex Foley Catheters, Latex Gloves, Latex Probe Covers, Urine Bags, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), Others), and Region  

Latex Medical Disposables Market size was estimated at US$ 5.4 billion in 2022 and is poised to grow at a CAGR of 5.0% from 2023-2029.  Latex medical disposables market are made up of latex and used in various medical interventions. Most commonly used latex medical disposables include urethral catheters, gloves, latex probe covers among others. These are used in the diagnostic and surgical procedures to avoid the direct contact from infected persons or samples and unsafe drug. The rising prevalence of lifestyle-related and other chronic conditions, as well as the expanding number of baby boomers, are some of the reasons driving the latex medical disposables market. According to the World Health Organization, chronic disease is the largest cause of death and disability in the United States, accounting for US$ 3.5 trillion in annual health-care spending. Furthermore, according to World Health Organization estimates from 2018, there were an estimated 18.1 million new cancer cases worldwide in 2018, with this number likely to rise during the projection year. Furthermore, the need for medical disposables has risen fast all across the world. Initially, however, supply chain difficulties were noticed. Several obstacles have impacted supply availability, including export and travel restrictions imposed by some producing countries, as well as lockdowns that caused providers to (temporarily) shut down. Manufacturers, on the other hand, have boosted production to satisfy the rising demand for basics.