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Published Date: 2013-07-09Number of Pages: 50

Medical Disposables Market (Drug Delivery, Wound Management Products, and Non-woven Medical Disposables) - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018

Global Medical Disposables Market: Overview

Medical disposables are numerous products employed in various different medical procedures such as drug delivery and wound management. These are vital for conducting any medical procedure. The mounting incidence of medical facilities in emerging and increasing geriatric population in the developed countries are the chief drivers for the growth of the global medical disposables market. Some of the other factors influencing the market expansion are the budding awareness among consumers regarding the benefits of infection control, which basically include better quality of life and minimalized expenditure of related healthcare.

Additionally, the other propelling facets of this sector include relentlessly increasing hospital visits, operations, and the rising need for healthcare aid due to the mounting geriatric population which is prone to injuries and chronic diseases. Additionally, the advent of this sector can be attributed to the augmented focus on the adoption of single-use disposable products in order to prevent infection and cross-contamination in the healthcare settings.

These products also offer numerous advantages to several healthcare institutions such as plummeting the sterilization and the disinfection costs. Therefore, many healthcare professionals and single patients are turning towards disposable medical supplies in order to meet the requirement of infection control.

Hospitals to Emerge be Leading Consumers of Medical Disposables

Based on product, the global market for medical disposables can be classified into nonwoven medical disposables, drug delivery disposables, wound management disposables, laboratory, and diagnostic disposables. Additionally, the market can be segmented on the basis of end user into outpatient facilities, home healthcare facilities, hospitals, emergency care, and physician offices. Amidst these, the hospitals segment is dominating the global medical disposables market. The sales of medical disposables are anticipated to rise in hospitals owing to the growing number of admissions of patients, emergency visits, and surgical procedures.

Drug delivery products seized the leading revenue share in the last couple of years and is expected to retain a lead. This segment is also anticipated to expect a strong growth rate owing to the growing use of prefilled needles, syringes, and transdermal patches by several clinics and  hospitals.

North America to Retain Lead until 2018

Regionally, the global medical disposables market is segmented into Asia Pacific, Europe, North America, and Rest of the World. North America displayed strong demand for all products present in the market in the last couple of years. The U.S. medical disposables market accounted for approximately 70% of the North America medical disposables market in 2011. In the same year, North America held over 35% in the global medical disposables market. Asia Pacific is also anticipated to witness strong growth owing to growing awareness among consumers regarding healthcare. Some of the other aspects that are likely to lift the demand for medical disposables in Asia Pacific are the growing aging population, swelling disposable income, and increasing expenditure by governments on the healthcare sector. The substantial growth in developing countries such as India and China is further projected to push the growth of the Asia Pacific medical disposables market.

The leading players in the market are Covidien PLC., Johnson & Johnson, Becton, 3M Company, and Dickinson among others.

 

Medical disposables are various products used in medical procedures such as wound management and drug delivery. These are essential for carrying out any medical procedure. The growing presence of medical facilities in developing countries and growing geriatric population in developed countries are the major growth drivers for the global medical disposables market.

 

The report examines the global medical disposables market in detail, paying close attention to each segment. Reliable analytical tools such as Porter’s five forces analysis and market attractiveness analysis are used to analyze market data. The dynamics between the bargaining power of the suppliers and buyers in the market, the threat of new market entrants and substitute products, and the competitive landscape of the market are made clear through Porter’s five forces analysis, whereas market attractiveness analysis reveals which segments of the market present the highest potential for a lucrative return on investment.

 

The report includes data gained from primary and secondary research, supplemented by inputs and recommendations from industry experts and market leaders. The drivers and restraints of the market are described elaborately in the report, their importance to the market summarized through an impact analysis.

 

Overview of the global medical disposables market

 

The report segments the global medical disposables market on the basis of product categories, end users, and the geographical distribution of the market. Forecasts are provided for each product and regional segment, including an in-depth description of the market’s standing in major regional segments.

 

By product type, the market is segmented into drug delivery disposables, wound management supplies, nonwoven medical disposables, and other medical disposables, primarily consisting of disposables used in laboratories and surgeries. Growing application of drug delivery disposables in the treatment of chronic diseases is expected to propel demand for the same in the forecast period. Innovation of new drug delivery devices such as infusion pumps will further aid the market for the same.

 

Hospitals emerged as the main end user of medical disposables, due to the high volume of medical procedures taking place in hospitals. The growing prevalence of chronic diseases also helps this segment, since chronic diseases are mostly treated in hospitals. Steps taken to counter hospital-acquired infections will cause a slight downturn in this segment’s market share in the forecast period. Outpatient facilities, dental clinics, physician offices, and emergency care centers are the other major end users of medical disposables.

 

North America – particularly the U.S. – is the leading regional segment of the global medical disposables market. Widespread presence of sophisticated medical facilities, aided by government support, is helping the medical disposables market in this region. The growing geriatric population in this region is also a major driver for the market, since elderly people are more prone to chronic diseases and thus require repeated visits to healthcare centers. The regional segment of Asia Pacific is expected to emerge the strongest during the forecast period, due to rising urbanization and the consequent spread of healthcare facilities.

 

Companies profiled in the research report

 

The report analyzes the competitive landscape of the global medical disposables market through the Porter’s five forces analysis, shedding light on the various factors determining the development of the market. Major players in the market are profiled in the report, with their business operations and financial models examined to reveal their projected impact on the market in the forecast period,

 

Companies thus analyzed include global giants such as Johnson & Johnson, Becton, Dickinson, and Company, 3M Company, and Covidien plc.

 

Product categorization of global medical disposables market

  • Drug Delivery Disposables
  • Wound Management Disposables
  • Nonwoven Medical Disposables
  • Others

Major geographies analyzed under this research report are: 

  • Europe
  • North America 
  • Asia Pacific 
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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