Disposable Medical Supplies Market Worth $49.3 Billion by 2018 Says a New Research Report at RnRMarketResearch.com
RnRMarketResearch.com adds latest report on “Disposable Medical Supplies to 2018” to its store.
Dallas, TX (PRWEB) February 06, 2014
US demand to rise 4.1% annually through 2018
US demand for disposable medical supplies will grow 4.1 percent per year to $49.3 billion in 2018. 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 forces that spur growth. The US disposable medical supplies market will also benefit from a heightened focus on infection prevention throughout the health care sector. Pressures from the Centers for Disease Control and Prevention (CDC), the Joint Commission on the Accreditation of Healthcare Organizations (JCAHO), and other medical organizations will prompt hospitals, outpatient facilities, and other health establishments to follow protocols and standards aimed at keeping patients and staff personnel safe from exposure to dangerous, potentially life-threatening pathogens during medical procedures.
Complete report is available at http://www.rnrmarketresearch.com/disposable-medical-supplies-to-2018-market-report.html.
Drug delivery products to remain fastest growing type
Based on an increasing number of patients who need surgery or long-term chronic care therapy, drug delivery and related products will remain the fastest expanding group of disposable medical supplies. Total US demand growth will outpace the industry average and reach $13.4 billion in 2018. Safety enhanced devices for the minimally invasive delivery of parenteral medicines, inhalation therapies, and IV and dialysis solutions will lead growth. Disposable wound management products will register demand of $10.1 billion in 2018, up nearly as fast as the annual industry average rate of growth from 2013. Polymeric tissue sealants, along with alginate, foam, and collagen wound dressings, will realize the best 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 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 health care 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 trend will impact favorably on retail and institutional sales of nonwoven adult undergarments, shields, and other protective products.
The best 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.
Company Profiles for 25 US industry players including Baxter International, Becton Dickinson, Cardinal Health, Covidien, Hospira, Johnson & Johnson, Kimberly-Clark, Medline Industries and 3M
Purchase a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=147672.
Browse more reports on Disposable Medical Device Market at http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices/disposable-medical-device.
Contact sales(at)rnrmarketresearch(dot)com for further information.
RnRMarketResearch.com (http://www.rnrmarketresearch.com/) is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.
For the original version on PRWeb visit: http://www.prweb.com/releases/disposable-medical-supply/2018-industry-report/prweb11560653.htm