How disposable medical products add value to the medical industry?
What are Disposable Medical Supplies?
Disposable medical supplies consist of devices, medical apparatus, medicines that are intended for one-time or temporary use only. These supplies have become an important part of hospital supplies, they help reduce staff time and healthcare costs. Bandages, Wraps, Drug tests, Exam Gowns, Face Masks, Gloves, Suction Catheters, Surgical Sponges, Hypodermic needles, Syringes are few of Medical Disposable Products.
In 2016 the global disposable medical supplies market was valued at $48,630 million and by 2023, it is expected to touch $80,000 million marks. These numbers are huge and plays a major role in Medical Industry growth. The main reason for this massive growth is the demand for disposable medical supplies due to awareness of sanitation and cleanliness. Hospitals and Health centers want to avoid contamination and Infections to ensure the safety of Patients. Also, the increased environmental concerns due to the improper disposal of medical equipment have lead to the growth of disposable medical supplies. Moreover, the advancements in robotics have led to an increase in robot-assisted surgeries and is expected to create more opportunities as robot operated surgeries use mostly disposable supplies such as needles, scapula, syringes and scissors, etc.
What type of Medical Disposables are Used In the Industry?
Disposable Medical Supplies can be broadly classified in categories like dialysis consumables, infusion products, diagnostic supplies, radiology consumables, nonwoven medical disposables, wound care consumables, and other nonwoven medical disposables.
Notable Developments in Disposable Medical Supplies Market
Top players in the medical supplies market are
- Molnlycke Health Care AB
- Cardinal Health
- Sempermed USA Inc.
- Medline Industries
- McKesson Corporation
- NIPRO and Halyard Health
- Covidien Ltd.
Solvay, a global leader in Specialty polymer has come up with a new single-use surgical instrument kit - Redi-Spine kit which is designed keeping in mind the minimally invasive spinal fusion surgery. Also, Cardinal Health acquired Medtronic’s Business of Patient care, Nutritional Insufficiency and Deep Vein Thrombosis for $6.1 billion dollars.
Regions Where Disposable Medical Supplies are used:
Most countries expect some 3rd tier countries have started using Disposable Medical supplies to reduce the chances of infection and contamination.
● North America
○ Rest of Europe
● Asia Pacific
○ Rest of Europe
○ South Africa
○ Rest of LAMEA
Cost Saving with Medical Disposable Supplies
Healthcare Facilities have realized the importance of Disposable technologies. How they play a major role in cost-saving and are environment-friendly and now they have started using more and more Disposable Products. Single-Use medical devices are considered as significant cost savers when compared to reusable medical devices. Also, they help to reduce the chances of infections and are less labour intensive. With patients health care, manufacturers are also focusing on implementing biodegradable materials which will not have any adverse effects on the environment. To take this a step further, some hospital facilities have partnered with recycling firms to reduce medical waste.
If you are also looking forward to adopting Medical Disposables in India, we, at GWS Surgicals also focus on disposable medical supplies, and we are one of the top manufacturers of disposable medical products in India.