Table of Contents
World demand for medical disposables is projected to increase 6.2 percent per year to $273 billion in 2020. Barrier- and safety-enhanced supplies and devices will lead gains, as medical delivery systems upgrade infection prevention and control strategies. Developing countries, especially the emerging Asia/Pacific economies, will see the fastest growth in medical disposables revenues.
The World Medical Disposables study addresses the following questions:
- How are advances in less invasive surgical procedures changing the nature of demand patterns for disposables?
- How will stricter cost containment initiatives impact developed world markets for medical disposables?
- What types of medical disposables will see the greatest quality and safety improvements from advances in materials and designs?
A number of interrelated trends will foster growth in the world market for medical disposables. Aging population patterns will boost product demand by leading to a rising level of diseases and disorders and an expanding volume of patient activity. In addition, growth will benefit from the strengthening of infection prevention safeguards in healthcare facilities and by the introduction of new and upgraded products with enhanced performance and safety features.
Cost containment efforts affect medical disposables demand
Healthcare cost containment measures in the form of fixed global budgets and fixed reimbursement rates will keep hospitals and other medical providers frugal in their product purchasing practices. As the result of multiple supplier availability, most types of medical disposables will continue to derive a high percentage of sales from competitive bidding processes implemented by healthcare purchasing groups.
Copayments, coverage restrictions to provide a mixed impact
Health insurance concerns have raised patient copayments and restricted coverage for various medical services; this will exert a mixed impact on the world medical disposables market. By discouraging individuals from making unnecessary visits to physicians and other medical providers, these actions will moderate market growth. However, at the same time, rising copayments and coverage restrictions will boost sales of medical disposables in consumer and home healthcare markets.
Wide array of applications
Medical disposables serve all aspects of patient care, spanning thousands of products sold to several health- care market segments. Major uses extend to surgery, drug and fluid delivery, wound management, diagnostic testing, patient examination, incontinence management, dialysis treatment, sterilization, infectious waste disposal, and general patient support.
The various types of medical disposables are categorized into 11 principal product groups -- surgical instruments and supplies, infusion and hypodermic devices, diagnostic and laboratory disposables, sterilization supplies, dialysis disposables, bandages and wound dressings, nonwoven medical disposables, respiratory devices, patient room supplies, medical and laboratory gloves, incontinence goods -- and eight additional product lines -- first aid kits, urinary catheters and accessories, transdermal patches, ostomy supplies, medical sponges, medical waste disposal supplies, medical cotton goods, and enema supplies.
World Medical Disposables presents healthcare indicators and historical data (2005, 2010, 2015) plus forecasts for 2020 and 2025 by product group in 6 regions and 16 countries. In addition, the study assesses key market environment factors, examines the industry structure and evaluates company market share.
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