The global Basin, Bowl, And Cup market size is expected to be worth around US$ 604.1 million by 2030, according to a new report by Vision Research Reports.
The global Basin, Bowl, And Cup market size was valued at US$ 189.9 million in 2020 and is anticipated to grow at a CAGR of 14.9% during forecast period 2021 to 2030.
|Market Size||US$ 604.1 million by 2030|
|Growth Rate||CAGR of 14.9% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product type, Material Type, End user|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Medtronic; Narang Medical Limited; IndoSurgicals Private Limited; Advin Health Care; Key Surgical; Cardinal Health; GPC Medical Ltd.; Medegen Medical Products; Med-Vet International; DESCO MEDICAL INDIA; Sunflower Medical Ltd.; The Vollrath Company, LLC|
Increasing reimbursement for surgeries and favorable government initiatives, along with increasing geriatric population, are driving the market. Furthermore, due to the COVID-19 outbreak, the industry has witnessed rapid expansion in recent years. This is due to the expanding number of hospitals around the world, which will result in the high adoption of basins, bowls, and cups because they are cost-effective and time-saving.
The market growth is projected to be restrained by an increase in the use of reusable bowls, basins, and cups, which can be a source of hospital-acquired infections (HAIs), particularly when infectious microorganisms are transmitted between surfaces or other areas such as the facility's water, which may contain pathogens or a patient's personal goods which are exposed to pathogens. This may act as a restraint and lower the demand for basins, bowls, and cups.
By Product Type Analysis
Cups accounted for the largest revenue share of over 45.0% in 2020. Plastic, stainless steel, and other materials, such as paper cups, are used to hold liquid or solid medicines for consumption. Medicine cups of all types have the advantage of allowing you to consume a defined dosage of medicine, reducing the risk of overdosing.
The segment's rapid expansion can be attributed to the growing requirement for convenience when taking medications, which contributes to the market growth for cups. The need for cups is also fueled by the rising demand for over-the-counter medications such as cough syrups and other similar products.
Over the predicted period, the basin is expected to expand at a significant rate. This is due to technical advancements and increased demand for emesis basins in healthcare facilities like hospitals and clinics, long-term care facilities, and other facilities.
In medical settings, these basins improve hygiene and efficiency. They can be used for a variety of things, from collecting tissue or objects taken from the body during surgeries to functioning as a handy emergency pan at the bedside.
By Material Type Analysis
Stainless steel accounted for the largest revenue share of over 40.0% in 2020. This is because stainless steel is corrosion-resistant, has high toughness and ductility, and requires less maintenance. Stainless steel's aforementioned qualities have led to increased use of the material in consumer products such as basins, bowls, and cups.
The others segment including paper, ceramic, and wooden materials is expected to grow at a rapid pace over the forecast period. Several groups have promoted the use of paper cups as an environmentally friendly alternative due to the environmental damage caused by plastic cups, which has had a positive impact on the worldwide market for basins, bowls, and cups.
According to the Press Association, the National Health Service (NHS) in England has used more than half a billion throwaway cups in the previous five years. Disposable cups are used by the NHS for cold and hot drinks and administering drugs.
By End-user Analysis
The hospitals and clinics segment accounted for the largest revenue share of over 35.0% in 2020. This is owing to the fact that the number of procedures performed on a daily basis is substantially higher.
Homecare settings are expected to grow at a rapid pace over the forecast period. This segment is likely to increase significantly throughout the forecast period owing to an increasing inclination among individuals to avoid hospitalization and receive treatment in a home care setting, which is fueling the expansion of the home respiratory therapy market.
By Segment Analysis
Asia Pacific dominated the market with a share of over 30.0% in 2020. This is due to the rising disease and other health-related concerns that are driving the sales of pharmaceutical products, including disposable medicine cups.
China's low production costs, the simple availability of raw materials, and low labor costs entice manufacturers to locate their manufacturing facilities there. China is attracting disposable basin, cup, and bowl manufacturers because of its inexpensive production and operating costs.
North America emerged as the second-largest regional market in 2020. The rise in sales of medical products such as basins, bowls, and cups can be attributed to an increase in disease and other health-related difficulties.
China, Japan, and India are other key markets in the Asia Pacific region. The increase in the number of surgical procedures and medical tourism is a major factor driving the market in emerging countries.
Narang Medical Limited
IndoSurgicals Private Limited
Advin Health Care
GPC Medical Ltd.
Medegen Medical Products
DESCO MEDICAL INDIA
Sunflower Medical Ltd.
The Vollrath Company, LLC
By Product Type
By Material Type
Hospitals & Clinics
Long-term Care Facilities
Middle East and Africa (MEA)
The Basin, Bowl, And Cup market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Basin, Bowl, And Cup market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Basin, Bowl, And Cup market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Basin, Bowl, And Cup market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Basin, Bowl, And Cup market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Basin, Bowl, And Cup capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Basin, Bowl, And Cup by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Basin, Bowl, And Cup market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Basin, Bowl, And Cup market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Basin, Bowl, And Cup market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Basin, Bowl, And Cup industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Basin, Bowl, And Cup market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Basin, Bowl, And Cup market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Basin, Bowl, And Cup market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Basin, Bowl, And Cup market. These factors have benefited the growth of the global market for Basin, Bowl, And Cup. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Basin, Bowl, And Cup. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Basin, Bowl, And Cup are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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