Europe Disposable Medical Supplies Market - Focused Insights 2023-2028

EUROPE DISPOSABLE MEDICAL SUPPLIES MARKET INSIGHTS

The Europe disposable medical supplies market was valued at USD 98.27 billion in 2022 and is expected to reach USD 200.88 billion by 2028, growing at a CAGR of 12.66%. The market for disposable medical supplies in Europe is experiencing significant expansion, fueled by the escalating prevalence of diseases and disorders, aging population, increased consciousness of Hospital Acquired Infections (HAIs), and the cost-effectiveness of disposables to prevent these infections. Additionally, supportive government regulations are propelling the market's upward trajectory.

Germany stands as the frontrunner, contributing a remarkable 16.62% to the European market revenue in 2022, followed closely by France and the UK. In product segmentation, surgical supplies clinch the top spot, accounting for 19.58% of the market share in 2022, with a projected growth rate of 13.54%. The surge in surgical procedures has bolstered the demand for disposable items like surgical gloves, gowns, and drapes, thereby accelerating the market's expansion. 

Moreover, hospitals have emerged as the prime end-users of disposable medical supplies, accounting for 51.30% of the market in 2022 and projected to grow at a CAGR of 11.70%. The escalating hospital admissions, heightened awareness of HAIs, and extensive utilization of disposables in hospitals have all contributed to this dominance. 

The mounting prevalence of chronic diseases such as diabetes and cardiovascular diseases, coupled with the corresponding increase in hospital stays, acts as a key market stimulant. EU statistics reveal a significant 35.2% of people reported having a chronic health issue in 2021, reaffirming the positive impact on the market's potential for growth. 

The era of disposable medical supplies is evidently gaining momentum in Europe, offering an attractive opportunity for investors and stakeholders in this dynamic sector. 

Disposable medical supplies are devices or apparatus for single-use or short-term use in healthcare settings. Medical disposables are products used to protect healthcare workers from diseases and infections. These are used during medical examinations, surgical procedures, and treatments to prevent cross-contamination between doctors and caregivers and between doctors and patients. These supplies are essential in hospital settings, saving staff time and reducing healthcare-associated costs. 

KEY HIGHLIGHTS

• The demand for disposable medical supplies is on the rise due to multiple factors, including the rising number of surgical procedures, an increase in hospital-acquired infectious diseases (HAI) and other chronic conditions, and growing awareness of the importance of maintaining health and hygiene are the major factors driving the growth of the disposable medical supplies market. 
• In 2022, Germany accounted for a significant revenue share of 16.62% and was the first largest market, followed by France (13.33%) and then the UK (12.15%) in the Europe disposable medical supplies market. 
• In product type segmentation, the surgical supplies segment accounted for the highest share of 19.58% in 2022 and is projected to grow at the highest CAGR of 13.54% during the forecast period. The increasing demand for disposable surgical supplies is due to increased surgeries conducted. As the number of surgeries increases, so will the need for surgical gloves, gowns, drapes, feeding tubes, and procedure kits and trays, propelling the growth of Europe’s disposable medical supplies market. 
• In end-user segmentation, the hospitals’ segment accounted for the highest share of 51.30% in 2022 and is projected to grow at the highest CAGR of 11.70% during the forecast period. This domination can be attributed to a rise in hospital admissions for surgeries and treatments, rising awareness about hospital-acquired infections, and high usage of disposable medical supplies in hospitals. 
• Medline Industries Inc, Cardinal Health, 3M Company, Smith+Nephew, and Terumo Medical Corp are some leading players currently dominating the Europe disposable medical supplies market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the disposable medical supplies market and access commercially launched products.