Market Research Expert

Global Medical Disposables Market to be Driven by Growing Prevalence of Chronic Conditions

Press Release   •   Jan 16, 2017 08:59 EST

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.

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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.

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.

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.

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