The disposable medical supplies market in Southeast Asia has witnessed significant growth over the past few years due to various factors such as rising healthcare expenditure, increasing awareness about the importance of hygiene and sanitation, and the growing incidence of infectious diseases. Disposable medical supplies refer to single-use medical equipment and devices that are used in hospitals, clinics, and other healthcare settings.
Market Size and Forecast:
The South East Asia disposable medical supplies market was valued at US$ 6 Bn in 2021, and is projected to expand at a CAGR of 6.8% to climb to a market valuation of US$ 12.3 Bn by the end of 2032.
According to Persistence Market Research, hypodermic & radiology products recorded sales worth US$ 1.1 Bn in 2021, accounting for over 17% of the total South East Asia disposable medical supplies market share by product.
South East Asia accounted for nearly 2.8% share of the global medical supplies market in 2021, which was valued at approximately US$ 215 Bn.
Based on product type, the disposable medical supplies market in Southeast Asia is segmented into diagnostic supplies, dialysis consumables, infusion products, intubation & ventilation supplies, hypodermic products, sterilization consumables, nonwoven medical supplies, wound care consumables, and others. Among these, the nonwoven medical supplies segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for disposable surgical gowns, drapes, and face masks.
Based on end-user, the disposable medical supplies market in Southeast Asia is segmented into hospitals, clinics, diagnostic centers, ambulatory surgical centers, and others. The hospitals segment accounted for the largest market share in 2020 and is expected to continue to dominate the market during the forecast period due to the increasing number of hospital admissions and the need for infection prevention and control measures.
The Southeast Asia disposable medical supplies market is segmented into Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, and the rest of Southeast Asia. Among these, Indonesia accounted for the largest market share in 2020, followed by Thailand and Vietnam. The growth of the market in Indonesia is attributed to the increasing healthcare expenditure, the growing prevalence of chronic diseases, and the improving healthcare infrastructure in the country.
The Southeast Asia disposable medical supplies market is highly competitive, with the presence of several global and regional players. Some of the key players operating in the market include 3M Healthcare, B. Braun Melsungen AG, Cardinal Health, Inc., Covidien Ltd., Mölnlycke Health Care AB, Smith & Nephew plc, and Terumo Corporation.
In conclusion, the disposable medical supplies market in Southeast Asia is expected to grow at a significant rate during the forecast period due to the increasing demand for single-use medical equipment and devices in healthcare settings. The market is highly competitive, with the presence of several global and regional players. The nonwoven medical supplies segment is expected to grow at the highest CAGR during the forecast period, and Indonesia accounted for the largest market share in 2020.
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