Southeast Asia Disposable Medical Supplies Market 2022
The Global Southeast Asia Disposable Medical Supplies Market is stipulated to attend a 6.8% CAGR and reach US$12.3 billion by 2032. Digital innovation is the buzzword. As such, digital health unicorns are coming. The rise of digital is therefore expected to take the entire healthcare vertical by storm over the next 10 years. This would be the state of the healthcare vertical in the near future.
Traditionally, the disposable medical supplies industry has focused on usability, compliance, and quality to meet health and safety standards. However, in addition to the increase in demand, environmental concerns are on the rise. As a result, the industry is seeing a renewed interest in low cost and environmentally friendly products.
With recorded sales worth US$6 billion in 2021, the Southeast Asia Disposable Medical Supplies Market is expected to witness a high growth rate in the coming years owing to the growing preference for low-cost disposable medical supplies amid the COVID-19 pandemic.
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Maintaining health and hygiene has become the top priority for the prevention of communicable diseases. Disposable supplies come in aseptic packaging which limits the risk of cross-contamination and can help stop the spread of infections, save money and manage hospital resources. Growing awareness of personal hygiene and safety has accelerated the demand for disposable medical supplies.
One of the most promising opportunities for improving care and reducing costs is moving care delivery to the home. Key players are launching and adapting models to move primary, acute and palliative care to homes. Home care can avoid the need for more expensive treatments in hospitals and other institutional settings for vulnerable patients. Disposable medical supplies provide support not only for care of acute and chronic medical conditions, but also for disease prevention and lifestyle choices.
Many key manufacturers are leveraging their capacity for innovation and ingenuity to open up a world of possibilities for healthcare professionals and patients to deliver affordable services and improve patient outcomes.
- Medtronic Plc.
- Cardinal Health, Inc.
- 3M Company
- Molnlycke Health Care AB
- NIPRO Corporation
- Ansell Healthcare LLC
- Halyard Health, Inc.
- Medline Industries Inc.
- McKesson Corporation
- Sempermed USA, Inc.
- GE Healthcare
- Johnson & Johnson
- ThermoFisher Scientific Inc
- Smiths Plc Group
- Ambu A/S
- Royal Philips SA
- Top Gant Corporation Bhd
- Hartalega Holdings Berhad
- Honeywell International Inc.
- Prestige Ameritech
- B Braun Melsungen SA
- Medtecs International Corp (Jin Cheng Medical Textile Co., Ltd.)
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Key insights from market research
- Hypodermics and Radiology holds nearly 17.8% market share by value in the disposable medical supplies market in Southeast Asia.
- With a market share of 26.2% in 2021, cardiovascular procedures dominate the application segment.
- Hospitals hold nearly half of Southeast Asia’s overall market share for disposable medical supplies.
- Indonesia is the leading country in Southeast Asia for disposable medical supplies, and accounted for 1/4 market share in 2021.
“Increased prevalence of hospital-acquired infections and growing health and hygiene awareness will drive demand for disposable medical supplies in Southeast Asia,” says an analyst from Persistence Market Research.
Major manufacturers of disposable medical supplies are focusing on partnerships with emerging companies to expand into the Southeast Asian market and reach a wider customer base to meet growing demand.
Moreover, major market players have embraced expansion as a business growth strategy.
- For example, in September 2021, Lankenau Heart Institute, part of Main Line Health, signed a long-term strategic partnership agreement with Philips, using integrated solutions related to cardiovascular diseases.
What does the report cover?
Persistence Market Research offers a unique perspective and actionable insights into the Southeast Asia disposable medical supplies market in its latest study, presenting a historical demand assessment from 2017 to 2021 and projections for 2022 to 2032.
The research study is based on the product (sterilization consumables, wound care products, dialysis products, infusion products, hypodermic and radiology products, intubation and respiratory supplies, surgical procedure kits and trays, supplies blood management and diagnostics and general disposables), application (cardiovascular, cerebrovascular, dental, laparoscopy, gynecology, urology, orthopedics and others) and end user (hospitals, outpatient surgery centers, clinics, diagnostic centers, long-term care centers and nursing homes) in Southeast Asian countries.
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Key Questions Answered in the Southeast Asia Disposable Medical Supplies Market Report
How is the Southeast Asia disposable medical supplies market expected to grow during the projected period?
What direction is the Southeast Asia disposable medical supplies market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Southeast Asia disposable medical supplies market in the future?
What are the key market drivers in the Southeast Asia Disposable Medical Supplies market?
What are the important opportunities and improvement areas for manufacturers in the Southeast Asia Disposable Medical Supplies market?
What are the key developments and trends in the Southeast Asia disposable medical supplies market?
Which are the emerging countries that are expected to create significant growth opportunities in the Southeast Asia disposable medical supplies market?
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