Market Research Report
Disposable Medical Supplies (US Market & Forecast)
|Published by||Freedonia Group||Product code||235745|
|Published||Content info||444 Pages
Delivery time: 1-2 business days
|Disposable Medical Supplies (US Market & Forecast)|
|Published: February 24, 2016||Content info: 444 Pages||
The Freedonia Group projects that US demand for disposable medical supplies will increase 4.2 percent annually to $54.1 billion in 2020. An increasing volume of patient activity attributable to an aging population, a rising incidence of medical conditions, and the extension of health insurance coverage by the Affordable Care Act of 2010 will comprise the major impetus spurring growth. The US disposable medical supplies market will also benefit from a heightened focus on infection prevention throughout the healthcare sector.
Based on an increasing number of patients who need surgery and/or longterm chronic care therapy, drug delivery products will remain the fastest growing group of disposable medical supplies. Total demand generated by this product group will rise at an annual rate above the industry average through 2020. Safetyenhanced devices for the minimally invasive delivery of parenteral medicines, inhalation therapies, and IV and dialysis solutions will lead growth based on infection prevention advantages.
Disposable wound management products will increase at an annual rate below the industry average. Polymeric tissue sealants, along with alginate, foam, and collagen wound dressings, will post the fastest revenue growth based on enhanced safety and faster healing properties. Conversely, demand for bandages will expand at a below average pace due to limited pricing flexibility and the overall lack of proprietary types. First aid kits will fare the best among other disposable wound management products, benefiting from trends promoting self-treatment. Advances in less invasive surgery will weaken the overall US market for traditional suture and staple wound closures.
Compared to disposable medical supplies as a whole, nonwoven medical disposables will see above average growth in demand. The heightened focus on infection prevention in the healthcare sector will boost consumption of single use, high value-added nonwoven garments and textiles by hospitals and outpatient facilities. A rising prevalence of incontinence problems attributable to the aging population will impact favorably on retail and institutional sales of nonwoven adult undergarments, shields, and other protective products.
The fastest growth in demand among other disposable medical supplies will evolve in products with enhanced infection prevention, performance, and/or cost containment benefits. Included in this group are biological sterilization indicators, intermittent urinary drainage catheters, orthopedic surgical kits and trays, polymeric surgical gloves, reinforced waste disposal containers and accessories, single use labware, and specialty surgical instruments. By contrast, changes in patient care approaches or health insurance coverage will adversely affect growth prospects for several disposables including angioplasty catheters, blood glucose test strips, and single use patient room supplies.
This upcoming Freedonia industry study, Disposable Medical Supplies, presents historical demand data (2005, 2010 and 2015) plus forecasts for 2020 and 2025 by material, product and market. The study also considers market environment factors, evaluates company market share and profiles 28 US industry competitors.