02.08.2018 Views

7 Trendlines in Disposable Medical Supplies Market

The global disposable medical supplies market was valued at $48,630 million in 2016, and is expected to reach $80,252 million by 2023, registering a CAGR of 7.3% during the forecast period.

The global disposable medical supplies market was valued at $48,630 million in 2016, and is expected to reach $80,252 million by 2023, registering a CAGR of 7.3% during the forecast period.

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Introductionof<br />

<strong>Disposable</strong> <strong>Medical</strong> <strong>Supplies</strong> <strong>Market</strong><br />

The global disposable medical supplies market was valued at $48,630 million <strong>in</strong> 2016,<br />

and is projected to reach $80,252 million by 2023, grow<strong>in</strong>g at a CAGR of 7.3% from<br />

2017 to 2023. The dialysis consumables segment accounted for about one-fourth<br />

share of the global market <strong>in</strong> 2016.<br />

<strong>Disposable</strong> medical supplies are medical consumables such as gloves, hypodermic<br />

needles, syr<strong>in</strong>ges, and applicators among others, which are discarded or disposed of<br />

after every use. These medical supplies are essential <strong>in</strong> reduc<strong>in</strong>g the chances of<br />

hospital-acquired <strong>in</strong>fections, needle stick <strong>in</strong>juries, and other communicable diseases.<br />

These supplies are prescribed or ordered by a physician and are primarily used to<br />

serve a medical purpose <strong>in</strong> healthcare sett<strong>in</strong>gs as well as used by patients at<br />

homecare.

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