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Global medical disposables market aided by technological innovations in healthcare

Press Release   •   Oct 11, 2012 16:15 BST

The global medical disposals market is set to grow at a rapid pace over the next few years. Fuelling the growth will be a combination of factors, including an increasing number of people around the world diagnosed with diseases and disorders. Technological innovations in the healthcare and medical sector will no doubt aid the detection of new and previously undetected diseases.

The adoption of home healthcare products is also expected to help growth in this industry, with the latest evidence suggesting that between 2011 and 2015 the global medical disposals market will grow at a CAGR of 6.09%. Despite this predicted growth, there are a number of challenges which will need to be overcome in order to achieve this growth. This includes the growing presence of counterfeit products which are not approved by professionals in the medical industry.

A number of products in the medical disposables market have become vital in the healthcare industry. Blood glucose test strips , which are involved in the management of diabetic patients, and glucose test strips which enable monitoring of insulin levels in the blood, are two such products. First aid kits are also becoming increasingly popular to have in the home encase of emergency. During the 2011-2015 period mentioned, the adoption of home healthcare products will have an increased impact on the overall growth of the medical disposables market.

Another likely factor which will drive growth in this industry will be the increasingly ageing global patient population. An ageing population will mean that the likelihood of surgery and use of medical disposables will increase.

For more information on the global medical disposables market, see the latest research: Global Medical Disposables Market

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