Vietnam Medical Disposables Market to be dominated by Product through 2027
Increased occurrence of chronic diseases requiring a longer
hospital stay and the growing number of surgical procedures are driving the
demand for the Vietnam medical disposables market in the forecast period,
2023-2027.
According to TechSci Research report, “Vietnam Medical Disposables Market By Region, Competition Forecast &
Opportunities, 2027”, the
Vietnam medical disposables market is expected to register a steady CAGR in the
forecast period, 2023-2027. Medical disposables refer to the products utilized
in hospitals or in several medical fields for the prevention of infections and
to meet medical standards. Medical disposables help minimize the risk of
cross-contamination and infections, which is a primary goal of healthcare
professionals. Medical disposables products include disposable medical
catheters, isolation gowns, blood glucose test strips, procedure kits,
conventional syringes, and wound care products. Medical disposable items are an
important component of every hospital, and they have one-time usage and need to
be disposed of after use.
The increasing utilization of medical disposables in surgery, drug, and fluid delivery,
wound management, incontinence management, sterilization, diagnostic testing,
patient examination, and minimizing patient discomfort. The rising need for
safety and prevention from infections in numerous medical fields, including
pediatric, surgical wear, hygiene, and anesthesia, will continue to propel the
growth of the medical disposables market across Vietnam. The expanding
geriatric population and rise in the incidence of incontinence problems are
driving the market growth. Along with this, various mandatory guidelines that
must be followed for patient safety and the massive demand for sophisticated
healthcare facilities fuel the demand for medical disposables over the next
five years.
However, the health insurance concerns
and restricted coverage for various medical services are restraining factors
for the market. Also, the increasing healthcare cost and presence of substitute
products may hinder the growth of the Vietnam medical disposables market in the
forecast period.
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Medical Disposables Market"
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The Vietnam medical disposables market is
segmented into product, raw materials, end use, regional distribution, and
competitive landscape.
Based on product, the market is
segmented into disposable masks, hand sanitizers, wound management products,
drug delivery products, diagnostic and laboratory, sterilization supplies, and
others. Diagnostic and laboratory disposables are expected to grow at a higher
rate in the forecast period, 2023-2027. It assists in preventing the
possibility of cross-contamination in hospitals, laboratories, diagnostic
centers, and other medical settings. They are particularly designed products
for use in research & development activities as well as during the testing
procedures. Additionally, these medical disposables products are single-use,
and they help eradicate the reprocessing process and protect from infections,
making them a preferable choice across medical settings. It is evaluated that
the diagnostic and laboratory segments have shown remarkable growth owing to
the growing number of diagnostics tests performed and ongoing research
developments in the medical sector across the country.
Based on raw materials, the market is
divided into plastic resin, nonwoven material, rubber, and others. Plastic
resins are anticipated to hold the largest share in the forecast period,
2023-2027. Plastic resins are widely used to make numerous medical devices,
including disposable syringes, medicine packaging materials, containers, and
tubes for intravenous solutions. The high prevalence of hospital-acquired
infections is accelerating the utilization of disposable items to prevent the
spread of COVID-19, bolstering the market growth. The availability of various
types of plastics with a range of properties, including Polyvinyl Chloride
(PVC), Polypropylene (PP), low and high-density polyethylene, and polystyrene,
have expanded the applications of plastics in the healthcare industry.
Based on end use, the market is divided
into hospitals, home healthcare, outpatient/primary care facilities, and
others. The hospital segment dominates at a significantly higher rate in the
forecast period, 2023-2027. The elevating number of patient admissions in
hospitals for surgeries and treatments for COVID-19 is propelling the market
growth. According to the study, on average, more than 2000 tons of waste are
generated by operating rooms per day, of which a significant portion of waste
is from disposable medical supplies. Such a tremendous number of medical
disposables usage in the hospitals is expected to propel the segment growth in
the upcoming years.
Key market players operating in Vietnam medical
disposables market are:
- Sterimed Medical Devices Pvt. Ltd
- Getz Healthcare (Vietnam)
- 3M Vietnam Limited
- BD Vietnam Co. Ltd
- Medline Industries Vietnam
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“The launch of new value-added,
premium-quality safety products is the emerging trend in the medical
disposables market across Vietnam. The increasing prevalence of chronic
conditions is the major propelling factor for the Vietnam medical disposables
market. The increasing aging population has higher chances of acquiring
infections. Also, the elevating home healthcare sector offers a lucrative
growth opportunity to the market players in Vietnam. Moreover, the growing
adoption of bioplastics in the healthcare field to curb environmental footprint
augments the production of biodegradable medical disposables and supplies,
which in turn is projected to boost the Vietnam medical disposables market
growth till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Vietnam Medical
Disposables Market By Product (Disposable Masks, Hand Sanitizers, Wound
Management Products, Drug Delivery Products, Diagnostic and Laboratory,
Sterilization Supplies, Others), By Raw Material (Plastic Resin, Nonwoven
Material, Rubber, Others), By End Use (Hospitals, Home Healthcare,
Outpatient/Primary Care Facilities, Others), By Region, Competition Forecast
& Opportunities, 2027”, has evaluated the future growth of Vietnam medical
disposables market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging market trends
along with significant drivers, challenges, and opportunities in Vietnam medical
disposables market.
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