Latex medical disposables wearable primarily used while performing medical procedures such as surgeries, check-ups, and diagnostic tests in the hospitals, clinics, and laboratory centers for safety and precautions in order to prevent contamination between the examiner and the patients. The most widely used latex medical disposables are latex gloves, which are being used in massive quantities among doctors, surgeons, dentists, and several other medical professionals across the world. Powdered latex gloves and powder-free latex gloves are two types of latex gloves.
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Market Dynamics
The annual rise in the number of surgeries performed around the globe is increasing the demand for latex nitrile disposable gloves, hence driving the growth of the global latex medical disposables market. According to the World Health Organization (WHO), over 232 million surgeries were performed across the world in 2013.
Other factors such as the rising prevalence of chronic kidney diseases that requires dialysis treatment as well as surgeries that make use of Foley catheters are also expected to boost the market growth. According to a survey by the Department of Bioengineering and Therapeutic Sciences, the University of California, San Francisco in 2013, over 650,000 patients in the U.S. were affected by the end-stage renal disease (ESRD) that demand dialysis. Moreover, according to the National Kidney Foundation, over 2 million people across the globe are currently receiving treatments for kidney diseases in the form of dialysis or transplant. The increasing use of disposable latex urine bags by patients vulnerable to dialysis further boost the growth of the global latex medical disposables market. However, sensitivity and allergy towards latex are expected to hamper the market growth. According to the American Latex Allergy Association, around 8%-17% of the health care professionals are allergic to latex.
Regional Insights:
Based on the region, the global latex medical disposables market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global market, followed by Europe, and this can be attributed to increasing concern towards safety while performing medical procedures, as well as rising measures to prevent contagious diseases. According to a fact sheet by the National Kidney Foundation in 2017, around 6.7% of the total Medicare budget is contributed towards the treatment of chronic kidney diseases. This suggests high demands for latex urine dialysis bags, as dialysis serves as a promising treatment for patients suffering from stage 2 and end-stage kidney disease. The Asia Pacific is projected to generate high revenue over the forecast period, due to rapid developments in healthcare infrastructure and an increasing number of surgeries in the region. According to the statistics by the Lancet Commission of Global Surgery in 2016, with 14,833 surgical procedures per 100,000 people, the highest rates of surgeries are performed in Japan.
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Competitive Landscape:
The key players operating in the global latex medical disposables market include Supermax Corporation Berhad, Hartalega Holdings Bhd, C.R. Bard, B. Braun Melsungen, Dynarex Corporation, Top Glove Corporation, and Medtronic Plc. The market players are focused on providing innovative products that are infection-free to increase their customer base. For instance, in May 2018, Symphony Environmental Technologies Plc. introduced the first disposable antimicrobial latex examination gloves made with d2p technology for complete hygiene and elimination of risks of antimicrobial infection from latex.
Market Taxonomy:
Based on product type
- Latex Gloves
- Latex Foley Catheters
- Latex Probe Covers
- Urine Bags
- Others
Based on the end-user
- Hospitals
- Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
- Others
Based on region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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