Sterile Disposable Medical Instruments Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2022 and Forecast 2022-2028

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Sterile Disposable Medical Instruments Market: By Instrument Type (Surgical Sutures & Staples, Handheld Surgical Equipment, Electro Surgical Equipment, and Others), By Application (Hospitals, Clinics, and Others), and by Geography

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Report

Description

Sterile Disposable Medical Instruments Market size was valued at USD 33,720.8 million in 2021 and is poised to grow at a significant CAGR of 6.3% over 2022–2028. Increasing government support and expanding awareness of sterile disposable medical equipment are two factors boosting the Medical Devices Market. For example, The Royal College of Nursing’s Glove Awareness Week (GAW) has begun activities emphasizing the importance of wearing medical gloves to prevent infection. As a result, the Disposable Medical Devices Market is expected to develop throughout the forecast period. Sterile disposable medical equipment is well-designed items for use in research and development, as well as in diagnostic tests. Furthermore, because these products are single-use, they help eliminate the reprocessing process while preventing cross-contamination and infections, making them a preferred choice in medical settings. Because of the growing number of diagnostic tests performed and ongoing research breakthroughs in the medical sector, it is predicted that the diagnostic and laboratory segment has exhibited outstanding growth and is expected to maintain its trend in the foreseeable future. In addition, the growing number of testing laboratories and diagnostics centers helps expand the market. The market for sterile disposable medical instruments is broad, with various prospects for minor and major businesses. Traditionally, market players in the sterile disposable medical instruments market have concentrated their efforts on a few product categories. An older population and growing knowledge of significant concerns such as HIV infection from reusing medical supplies are driving the market. Furthermore, rising rules mandating hospitals to dispose of biomedical waste properly will propel the disposable medical supplies market higher. Again, despite robust controls and cooperative efforts in the healthcare profession, many patients contract infections while in the hospital. Another significant aspect projected to enhance the market for sterile Disposable Medical instruments is an increase in the number of surgeries conducted globally.

Recent Market Developments:

In 2020, Fresenius Medical Care AG & Co. KGaA inaugurated a EUR 30 million expansion of its transfusion and apheresis disposables plant in the Dominican Republic. The new space includes advanced production equipment, plasma kit assembly lines, and sterilization units double the cleanroom and storage capacity. The site also includes a large warehouse.

Sterile Disposable Medical Instruments Market

MARKET SUMMARY
-
6.3%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.3%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Sterile Disposable Medical Instruments Market

  • The report on global sterile disposable medical instruments market gives historical, current and future market sizes (US$ Mn) on the basis of gas phase, grade, storage, transportation & distribution, mixture, function, end-use industry, and geography.
  • The sterile disposable medical instruments market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • AIShifa (Soudi Arabia)
  • WEGO (China)
  • KLS (USA)
  • Medsuyun (China)
  • Wealy (China)
Sterile Disposable Medical Instruments Market Dynamics

The increased incidence of hospital-acquired infection is a significant driver of the sterile disposables’ medical instruments market. Catheter-associated urinary tract infections, central line-associated bloodstream infections, surgical site infections, ventilator-associated pneumonia, hospital-acquired pneumonia, and Clostridium difficile infections are all illnesses that occur while receiving medical care in a hospital. As a result, demand for sterile disposable medical devices such as prefilled syringes, hypodermic needles, and others is increasing, boosting medical device market research. Hospital-acquired viral, bacterial, and fungal diseases impact 14% of all hospital patients, according to the World Health Organization (WHO). As a result, the sterile disposable medical instruments Market is expected to grow faster in the forecast period. However, rising environmental concerns are hampering the market.


Europe Got Significant Share

Sterile Disposable Medical Instruments Market

The sterile disposable medical instruments market in Europe is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. Because of the increased prevalence of chronic diseases such as diabetes and obesity in this area, North America dominated the sterile disposable medical instruments market. The market is expected to expand due to the increasing use of disposable devices to avoid the transmission of infections. Rising urbanization and rising healthcare expenditures are also contributing to the market's expansion in this region. Cardiovascular disorders are the top cause of death in the United States, according to the Centers for Disease Control and Prevention (CDC).

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The sterile disposable medical instruments market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Sterile Disposable Medical Instruments Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The sterile disposable medical instruments market is projected to expand at a CAGR of 6.3% during the forecast period

Praxair Inc., AMCS Corporation, The Linde Group, Iwatani Corporation, Messer Group GmbH

Europe is the fastest-growing region for sterile disposable medical instruments market


Report

Company Profile

  • Accutome (USA)
  • ECA Medical Instruments (Canada)
  • BD Medical (New Jersey)
  • Exelint International (Florida)
  • AIShifa (Soudi Arabia)
  • WEGO (China)
  • KLS (USA)
  • Medsuyun (China)
  • Wealy (China)
  • Jichun (China)
  • Hunan Pingan Medical Devices (China)

Description

Sterile Disposable Medical Instruments Market size was valued at USD 33,720.8 million in 2021 and is poised to grow at a significant CAGR of 6.3% over 2022–2028. Increasing government support and expanding awareness of sterile disposable medical equipment are two factors boosting the Medical Devices Market. For example, The Royal College of Nursing’s Glove Awareness Week (GAW) has begun activities emphasizing the importance of wearing medical gloves to prevent infection. As a result, the Disposable Medical Devices Market is expected to develop throughout the forecast period. Sterile disposable medical equipment is well-designed items for use in research and development, as well as in diagnostic tests. Furthermore, because these products are single-use, they help eliminate the reprocessing process while preventing cross-contamination and infections, making them a preferred choice in medical settings. Because of the growing number of diagnostic tests performed and ongoing research breakthroughs in the medical sector, it is predicted that the diagnostic and laboratory segment has exhibited outstanding growth and is expected to maintain its trend in the foreseeable future. In addition, the growing number of testing laboratories and diagnostics centers helps expand the market. The market for sterile disposable medical instruments is broad, with various prospects for minor and major businesses. Traditionally, market players in the sterile disposable medical instruments market have concentrated their efforts on a few product categories. An older population and growing knowledge of significant concerns such as HIV infection from reusing medical supplies are driving the market. Furthermore, rising rules mandating hospitals to dispose of biomedical waste properly will propel the disposable medical supplies market higher. Again, despite robust controls and cooperative efforts in the healthcare profession, many patients contract infections while in the hospital. Another significant aspect projected to enhance the market for sterile Disposable Medical instruments is an increase in the number of surgeries conducted globally.

Recent Market Developments:

In 2020, Fresenius Medical Care AG & Co. KGaA inaugurated a EUR 30 million expansion of its transfusion and apheresis disposables plant in the Dominican Republic. The new space includes advanced production equipment, plasma kit assembly lines, and sterilization units double the cleanroom and storage capacity. The site also includes a large warehouse.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX