Disposable Medical Products used in Hospitals
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Indian Medical Devices Industry has seen explosive Growth Opportunities in recent years, and it shows no signs of slowing down in the future. There are more and more areas of medicine that require new technology to monitor patients, and as scientists discover new ways to treat diseases and maintain health, this will open up even more opportunities in the medical device field.
Glucose Strip, Urine Strip and Pregnancy Strip are three categories of IVD Strips that required to manufacturing in good quality and cost effective manner with accurate release timing and effective marketing strategy. To manufacture these strips, it should be well equipped with infrastructure, experienced team of research experts, proper regulatory compliances, dedicated lab facility and well developed supply chain network.
Surgical Drapes and Gowns Market is expected to increase at a CAGR of 4.42 percent from 2019 to 2026, to reach USD 3.23 billion. The rising number of surgeries and the rising prevalence of hospital-acquired infections are the main drivers of this market's expansion.
The worldwide syringe market is estimated to reach $15.99 billion by 2021, up from $10.56 billion in 2016, with a CAGR of 8.7% over the forecast period. The market for syringes is growing due to a high prevalence of chronic diseases around the world, a growing elderly population, increased acceptance of safety syringes, technical improvements, and increased demand for vaccines.
Traditional diapers can take around hundreds of years to Decompose and do not degrade well in a landfill. Thus, a huge amount of untreated waste added to the Landfills every year through Plastic Diapers that can also pollute the groundwater.
Intravenous (IV) cannula is a venous access procedure that involves inserting a cannula into a vein. Blood screening, as well as the administration of fluids, medications, parenteral care, chemotherapy, and blood products, are all possible with venous access.
Thus, these all factors are responsible for the rising industry and provides an apt opportunity for business ventures for investing in a successful project. It generated $303 million in 2017 and even forecasted to reach $760 million by the end of 2025 at a CAGR of 12.4 per cent from 2018 to 2025.
The worldwide disposable face mask market amount overstepped a cost of USD 74.90 billion in 2020 and is anticipated to rise at a combined annual expansion ratio (CAGR) of 53.0% from 2020 to 2027. Among commodities, these disposable face masks portions affected the broad industry, calculation for a share of 35.8% in 2019. The Asia Pacific occurred as the biggest industry for disposable face masks in 2019, having accounted for a market share of 33.7% in 2019.
India disposable gloves market generated $303 million in 2017, and is projected to reach $760 million by 2025, growing at a CAGR of 12.4% from 2018 to 2025. In terms of volume, the market is growing at a CAGR of 8.3% from 2018 to 2025.
Nitrile gloves are a type of disposable gloves made from synthetic rubber, this means there is no risk of latex allergies. They are the most popular gloves type in our range and offer superior strength, dexterity and resistance to oils and aqueous chemicals in comparison to vinyl or latex. For these reasons, they are often used in the medical, laboratory and manufacturing industries.
The market research report titled ‘‘Medical Devices Industry in India (Disposable Plastic Syringes, Disposable Mask & Gloves, Blood Bags, X-Ray, Ultrasound, ECG, Pacemakers, IV Fluid Sets and Other Devices) Market Analysis, Trends & Opportunities, Growth Drivers, SWOT Analysis, Industry Size, Outlook and Forecasts Upto 2023’’ released by Niir Project Consultancy Services, provides a comprehensive analysis of Indian medical devices industry.
The global disposable gloves market size was estimated at USD 6.71 billion in 2019 and is expected to expand at a compounded annual growth rate (CAGR) of 11.2% from 2020 to 2027. Growing product demand in medical and healthcare, pharmaceutical, automotive finishing, chemical, and oil and gas industries has been a major factor driving market growth.
The disposable protective clothing market is expected to grow by USD 1.23 billion during 2020-2024. The number of people infected with COVID-19 has seen a surge in most of the countries including the US, Italy, Spain, France, the UK, Germany, and the Netherlands. This is driving the demand for disposable coverall, facemasks, and gloves, which is expected to fuel the growth of the disposable protective clothing market.
The global medical/Surgical gloves market is estimated to grow at a CAGR of 7.24% from a market size of USD7, 435.65 million in 2019 to a market size of USD13, 053.249 million by 2025. Medical Gloves are utilized as a routine measure in a healthcare environment for infection prevention and prevention against disease transmission at the time of testing, examination, or performing a medical procedure.
The global surgical disposable masks market is anticipated to register a CAGR of 7.1% during the forecast period of 2019-2027. In 2019, global sales of disposable masks are anticipated to be contributed by surgical disposable masks type segment as compared to other product type. Surgical disposable mask holds the significant share in the global disposable mask market. It is expected to reach US$ 7,058.7 by the end of 2029.