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Disposable Medical Supplies Market to observe high growth by 2020
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Medical disposables are design to reduce the discomfort and distress of the patient. Disposable medical supplies are the largest segment within the global healthcare equipment and supplies sector. Drug delivery devices are the largest group of disposable medical supplies.
North America dominates the global market for disposables medical supplies due to large number of geriatric population. Asia followed by the Europe are expected to show high growth rates in the next five years in global disposable medical supplies market. China and India are expected to be the fastest growing disposable medical supplies markets in Asia region. Some of the key driving forces for disposable medical supplies market in emerging countries are large pool of patients and improving healthcare services.
In recent times there is increased use of disposable medical supplies due to increasing incidence of diseases and disorders. Aging population and penalties for hospital acquired infection conditions are some of the key factors driving the growth for global disposable medical supplies market. In addition, increasing prevalence of incontinence problems is also fuelling the growth of global disposable medical supplies market. However, presence of substitute products and healthcare cost containment pressure are some of the major factors restraining the growth for global disposable medical supplies market.
Increasing focus on infection prevention in healthcare sector, blood glucose test strips, intermittent urinary catheters, biological wound closures and dry powder inhalers would develop opportunity for global disposable medical supplies market. Some of the trends for global disposable medical supplies market are introduction of new value-added, higher and safety products and adoption of home healthcare products.
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Some of the major companies operating in the global disposable medical supplies market are Abbott Diabetes Care Inc., Bayer Healthcare AG, Becton Dickinson and Company, Johnson & Johnson, B. Braun Melsungen AG, Roche Diagnostics Corporation and Kimberly-Clark Corporation.
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