Table of Contents
A rise in patient activity caused by an aging population, increasing incidence of medical conditions, and extension of health insurance coverage by government programs will promote gains.
US demand to rise 4.2% annually through 2020
Demand for disposable medical supplies in the US is forecast to expand 4.2 percent annually to $54.1 billion in 2020. A rise in patient activity caused by aging population patterns, an increasing incidence of medical conditions, and the extension of health insurance coverage by government programs will promote gains. An elevated focus on infection prevention throughout the healthcare community will also boost demand. Nevertheless, tightening cost containment strategies by public and private health insurance concerns will remain a moderating influence on growth in the US disposable medical supplies market. Hospitals and other medical providers will become increasingly price-sensitive in purchasing products, as fixed and value-based reimbursement rates are applied to most patient procedures. Advances in technology will exert a mixed impact on overall demand. The introduction of new and upgraded products based on improved materials and designs will benefit growth. However, breakthroughs in minimally invasive and noninvasive techniques will reduce the need for disposable medical supplies in many patient procedures.
Drug delivery products to remain largest, fastest growing segment
Based on growth in the number of patients who need surgery or long-term therapy, drug delivery and related products will remain the largest and fastest expanding group of disposable medical supplies. Safety-enhanced devices for the minimally invasive delivery of parenteral medicines, inhalation therapies, and IV solutions will lead growth. Among disposable wound management products, polymeric tissue sealants, along with alginate, foam, and collagen wound dressings, will realize the fastest gains based on enhanced safety and faster healing properties. On the other hand, 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. Conversely, advances in less invasive surgery and tissue sealants will weaken the overall US market for traditional suture and staple wound closures. 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 valueadded nonwoven garments and textiles by hospitals and outpatient facilities. A rising prevalence of bladder control problems in an aging population will benefit retail and institutional sales of nonwoven incontinence goods.
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