SOURCE: MarketResearch.com

MarketResearch.com

January 25, 2011 08:08 ET

Global Demand for Medical Disposable Products to Rise 5.5% Annually Through 2014

ROCKVILLE, MD--(Marketwire - January 25, 2011) - MarketResearch.com has announced the addition of Freedonia Group Inc's new report "World Disposable Medical Supplies" to their collection of Disposables market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6042334

Global demand for medical disposable products is forecast to increase 5.5 percent annually to $169 billion in 2014. Based on the advanced nature of medical delivery systems and the widespread insurance coverage of residents for primary health care procedures, the developed countries combined will absorb more than 70 percent of this total. Demand in the developing countries, as a whole, will expand faster as the availability and accessibility of basic health care services improve.

Wound management supplies will remain the top-selling group of medical disposables, with demand forecast to increase 4.6 percent annually to $30 billion in 2014. Wound dressings based on alginate, foam, collagen and growth factor substances will post the best growth based on expanding applications in the treatment of moderate-to-severe lacerations. Tissue sealants composed of cyanoacrylates and bioengineered fibrins will also fare well in the marketplace based on superior binding traits and fast healing advantages. Demand for bandages will expand at a below average pace due to limited pricing flexibility and the general lack of proprietary products. Trends toward less invasive surgery will weaken the overall market for wound closures.

World demand for nonwoven medical disposables will increase 4.4 percent annually to $25 billion in 2014. The strengthening of health care infection prevention standards will drive growth by promoting the substitution of higher value-added single-use textiles and garments for lower cost products during surgery and general patient care. Additionally, a rising prevalence of incontinence conditions will boost sales of adult diapers and related goods.

Diagnostic and laboratory disposables are projected to register global demand of nearly $23 billion in 2014, up 7.0 percent annually from 2009. Blood glucose test strips and other diabetic-related testing supplies will see the fastest gains as recommendations of medical organizations throughout the world encourage diabetic patients to broaden self-testing activities. Other diagnostic and laboratory disposables will provide mixed growth opportunities. Products for the selftesting and professional diagnosis of widely prevalent chronic conditions will fare the best in the marketplace.

Drug delivery devices, catheters and accessories, dialysis supplies and inhalation therapy products are among other medical disposables forecast to generate above average growth in world demand. The market for drug delivery devices will benefit from the widening availability of parenteral and inhalation pharmaceuticals as well as from increasing preferences for high value-added ready-to-use and safety-enhanced products. Expanding use in cardiovascular, urological, general surgical and inpatient drug administration procedures will boost demand for catheters and accessories. Growth opportunities for dialysis disposables will be driven by a rise in the number of chronic renal disorders and the frequency of treatment requirements. Similarly, upward trends in the prevalence of chronic respiratory conditions will impact favorably on global sales of oxygen therapy and other inhalation devices.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6042334

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