Medical disposables are numerous products employed in various different medical procedures such as drug delivery and wound management. These are vital for conducting any medical procedure. The mounting incidence of medical facilities in emerging and increasing geriatric population in the developed countries are the chief drivers for the growth of the global medical disposables market. Some of the other factors influencing the market expansion are the budding awareness among consumers regarding the benefits of infection control, which basically include better quality of life and minimalized expenditure of related healthcare.
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Additionally, the other propelling facets of this sector include relentlessly increasing hospital visits, operations, and the rising need for healthcare aid due to the mounting geriatric population which is prone to injuries and chronic diseases. Additionally, the advent of this sector can be attributed to the augmented focus on the adoption of single-use disposable products in order to prevent infection and cross-contamination in the healthcare settings.
These products also offer numerous advantages to several healthcare institutions such as plummeting the sterilization and the disinfection costs. Therefore, many healthcare professionals and single patients are turning towards disposable medical supplies in order to meet the requirement of infection control.
Hospitals to Emerge be Leading Consumers of Medical Disposables
Based on product, the global market for medical disposables can be classified into nonwoven medical disposables, drug delivery disposables, wound management disposables, laboratory, and diagnostic disposables. Additionally, the market can be segmented on the basis of end user into outpatient facilities, home healthcare facilities, hospitals, emergency care, and physician offices. Amidst these, the hospitals segment is dominating the global medical disposables market. The sales of medical disposables are anticipated to rise in hospitals owing to the growing number of admissions of patients, emergency visits, and surgical procedures.
Drug delivery products seized the leading revenue share in the last couple of years and is expected to retain a lead. This segment is also anticipated to expect a strong growth rate owing to the growing use of prefilled needles, syringes, and transdermal patches by several clinics and hospitals.
North America to Retain Lead until 2018
Regionally, the global medical disposables market is segmented into Asia Pacific, Europe, North America, and Rest of the World. North America displayed strong demand for all products present in the market in the last couple of years. The U.S. medical disposables market accounted for approximately 70% of the North America medical disposables market in 2011. In the same year, North America held over 35% in the global medical disposables market.
Asia Pacific is also anticipated to witness strong growth owing to growing awareness among consumers regarding healthcare. Some of the other aspects that are likely to lift the demand for medical disposables in Asia Pacific are the growing aging population, swelling disposable income, and increasing expenditure by governments on the healthcare sector. The substantial growth in developing countries such as India and China is further projected to push the growth of the Asia Pacific medical disposables market.
The leading players in the market are Covidien PLC., Johnson & Johnson, Becton, 3M Company, and Dickinson among others.
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