Asia Pacific Latex Medical Disposables Market

APAC Latex Medical Disposables Market Size (2024 to 2029)

The size of the Asia Pacific Latex Medical Disposables market is estimated to value USD 901.90 million by 2029 and USD 690.08 million in 2024, growing at a CAGR of 5.50% during the forecast period. It captures 20% of the global market.

The increased prevalence of urological diseases, the proliferation of chronic kidney diseases, and the high adoption rate of latex nitrile disposable gloves among surgeons, physicians, dentists, and other professionals are majorly promoting the growth of latex medical disposables market in the APAC region. The other factors driving the market latex medical disposables market are the rising prevalence of lifestyle-associated, the increasing number of baby boomers, and other chronic diseases. 

The market is expanding due to an increase in the number of patient admissions in hospitals and an increase in the frequency of healthcare-associated illnesses.

The demand for latex nitrile disposable gloves is increased by the annual rise in the number of surgeries performed in the region. In addition, the growing usage of disposable latex urine bags by dialysis patients propels the latex medical disposables market forward in the APAC region.

Furthermore, government-enforced required standards to increase patient care quality are projected to expand latex medical disposables' penetration in the near future. However, increasing awareness among the people about infection prevention control norms and increasing the geriatric population across the APAC is the primary factor in uplifting market growth. 

Most medical disposable product producers use high-quality latex disposables driven by sustainable material, process, and design innovation, resulting in successful product engineering and design. Limiting the risk of infection and cross-contamination is one of the significant aims of healthcare professionals and governments in Asia pacific.  

The recent global pandemic has increased the demand for the disposable latex market; thereby, the market has accounted for the largest share during the pandemic period.

However, the only issue that might slow the growth of the APAC latex medical disposables market is latex sensitivity and allergy. According to the American Latex Allergy Association, latex allergies affect 8 percent to 17 percent of health care professionals.

This research report on the APAC latex medical disposables market has been segmented and sub-segmented into the following categories.

APAC Latex Medical Disposables Market Analysis By Product Type

• Latex Gloves          

• Latex Foley Catheters        

• Latex Probe Covers             
• Urine Bags               
• Others

APAC Latex Medical Disposables Market Analysis By End User

• Hospitals  

  • Public
  • Private
• Ambulatory Surgical Centers           
• Clinics        
• Diagnostic Centers               
• Others     

APAC Latex Medical Disposables Market Analysis By Country

• India

• China

• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Geographically, the Asia Pacific regional market is expected to grow robustly during the aforementioned forecast period. India, China, Australia, Japan, Singapore, and Thailand are anticipated to represent a vital portion of the market for latex medical disposables in the aforementioned forecast period. The development of these regions is due to the rising awareness regarding the safety of patients and healthcare professionals, growing per capita incomes of people, rising healthcare expenditures of governments, and flourishing medical and pharmaceutical sectors in these regions.

The APAC Latex Medical Disposables Market is forecasted to account for a significant share globally over the forecast period.

It is likely to witness a rapid share during the forecast period. Owing to the concern towards safety while performing medical procedures and rising measures to prevent infectious diseases, the market is growing. Due to fast advancements in healthcare infrastructure and a rising number of surgeries in economies like China, India, Japan, Malaysia, and Singapore, the Asia Pacific is projected to produce significant income throughout the projection period. For example, according to the Lancet Commission of Global Surgery statistics in 2016, with 14,833 surgical procedures per 100,000 people, the highest rates of surgeries are performed in Japan. In the APAC regional market, China dominated the Latex medical disposables market during the previous year. China has witnessed technological advancements in the healthcare sector. Key market players are investing in innovative technologies and developing new products that reduce infections and risks. Countries like China, India, and Japan majorly contribute to APAC regional market expansion; several other factors responsible for market growth in these economies include a rise in per capita income and flourishing healthcare, medical, and pharmaceutical sectors. On the other hand, the Indian Latex Medical Disposables Market is anticipated to showcase the highest share in the APAC region owing to the improving healthcare sector and increasing investments by the government and private or organizations for better infrastructure in India. 

KEY MARKET PLAYERS

A few of the promising companies operating in the APAC latex medical disposables market profiled in this report are B. Braun Melsungen, C.R. Bard, Ansell, Top Glove Corporation, Hartalega Holdings Bhd., Supermax Corporation Berhad, Dynarex Corporation, and Medtronic plc.