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US demand for disposable medical supplies anticipated to rise considerably by 2016

US demand for disposable medical supplies anticipated to rise considerably by 2016

28-Sep-12

US demand for disposable medical supplies is forecast to increase 4.3% pa to US$46.7 bln in 2016, as per Freedonia. An expanding volume of patient care activity spurred by ageing demographic patterns, a rising incidence of diseases and disorders, and the extension of health insurance coverage by the Affordable Care Act of 2010 will promote growth. Demand for disposable medical supplies will also build upward momentum as hospitals, outpatient facilities and other health care establishments adopt stricter infection prevention safeguards to meet stronger standards. Health care cost containment pressures will remain the key 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 public and private health insurance concerns tighten restrictions on fees paid for patient procedures. Drug delivery devices will remain the largest and fastest growing group of disposable medical supplies. Growth will reflect an expanding number of chronic care patients who require surgery or continuous therapy. This trend, coupled with the introduction of new higher value-added, safety-enhanced products, will boost demand for several single-use products, including prefillable syringes and inhalers, intravenous catheters, oxygen therapy disposables, hemodialysis bloodlines and peritoneal dialysis kits. Demand for wound management supplies will benefit from tissue sealants and adhesives composed of polymers and bioengineered substances, along with foam, alginate, collagen and growth factor wound dressings, to post the fastest gains based on performance advantages in the healing of surgical incisions and treatment of moderate-to-severe lacerations, respectively. 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 the products in this group, building momentum from trends that promote self treatment. Gains in less invasive surgery will weaken the overall market for traditional suture and staple wound closures. Class IV surgical drapes and gowns will post the strongest sales gains among nonwoven medical textiles as surgical infection prevention safeguards are upgraded by hospitals and ambulatory surgery centers. Disposable face masks will also fare well in the marketplace, benefiting from routine use by medical providers in virtually all direct contact patient procedures. New enhanced absorbent, odor neutralized undergarments and shields will see the fastest gains in demand among incontinence products due to comfort and protection advantages. Among other disposable medical supplies, blood glucose test strips; surgical, diagnostic and urinary catheters; biological sterilization indicators; and medical waste disposal products will realize the fastest growth in demand. An expanding number of diabetics engaging in self testing will boost sales of blood glucose test strips. A rising prevalence of heart conditions will promote the increasing use of surgical and diagnostic catheters, with devices for angioplasty and angiography posting the fastest demand gains.

Demand for disposable medical supplies in the United States is anticipated to rise considerably by 2016. The market has been witnessing a constant and steady growth for the past couple of years, as per ResearchandMarkets. The best opportunities are expected in intermittent urinary catheters, dry powder inhalers, prefillable syringes and transdermal patches, blood glucose test strips, polymer and biological wound closures and daily contact lenses. An expanding volume of patient care activity spurred by ageing demographic patterns, a rising incidence of diseases and disorders, and the extension of health insurance coverage by the Affordable Care Act of 2010 will promote growth within the US disposable medical supplies market. Demand for disposable medical supplies will also build momentum as hospitals, outpatient facilities and other healthcare establishments adopt stricter infection prevention safeguards to meet stronger standards. Catheters, drug delivery & related disposables experienced the fastest growth among the other product groups in the US disposable medical supplies market. Growth will reflect an expanding number of chronic care patients who require surgery or continuous therapy. Leading companies within the US disposable medical supplies market include Johnson and Johnson, a New Jersey-based multi-national manufacturers of pharmaceutical, diagnostic, therapeutic, surgical, and biotechnology products, and 3M Company, a multinational, conglomerate corporation that produces more than 55,000 products. Future growth within the US disposable medical supplies market is likely to emanate from the rising population, a higher proportion of aging population and product innovations.

 
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