Medical Disposables Market – Analysis And Forecast (2017-2025): Market Shares And Strategies Of Key Players
Strong brand image and robust product portfolio positions international players as key participants in the medical disposables market
Key players operating the medical disposables market includes Abbott laboratories, Johnson & Johnson, Ansell Limited, Becton and Dickinson Company (BD), Boston Scientific Corporation, Medtronic Incorporated, Derma Sciences Incorporated, Kinetic Concepts, Medline Industries Inc., Cardinal Health Incorporated, and Minnesota Mining and Manufacturing Company (3M Company). International players such as 3M Company and Johnson & Johnson are dominating the medical disposables market.
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Medical disposables are products that are used in hospitals or in various medical fields for prevention of infections and for safety measures to meet the medical standards. The medical disposables are important to lower the risk of cross-contamination and infections that is a primary aim of healthcare professionals and governments globally. Medical disposables includes conventional syringes, disposable medical catheters, isolation gowns, procedure kits and trays, blood glucose test strips, and wound care products. The medical disposables are the essential component of every hospital and they have one time usage and need to be disposed after use. Medical disposables are used in surgery, drug and fluid delivery, wound management, diagnostic testing, patient examination, incontinence management, sterilization, and to reduce the discomfort of patient. The need of safety and prevention from infections for the various medical fields such as surgical wear, hygiene, anesthesia and pediatric will expand the medical disposables market.
The rising demand in the preventive measures for hospital acquired infections and diseases driving the medical disposables market
Increase in incidence of hospital acquired infections and diseases and the increased focus on prevention from this infections is propelling the growth of medical disposables market. For instance, the data given by World Health Organization (WHO) shows that the prevalence of healthcare associated infection in 2010, in developed countries was 3.5% to 12% and it varies between 5.7% and 19.1% for low and middle income countries. Rising geriatric population, increase in incidence of incontinence problems, some mandatory guidelines that need be followed for safety of patients, and increasing demand for sophisticated healthcare facilities are some of the important factors that are driving the medical disposables market. Introduction of new value added, high quality safety products are the emerging trends in the medical disposables market. However, the mixed impact on the medical disposables market can be exerted due to the factors such as health insurance concerns have raise patient copayments and restricted coverage for various medical services and by discouraging people from making unnecessary visits to the hospitals. Healthcare cost containment pressure and presence of substitute products are among the factors that might hinder the growth of medical disposables market.
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High healthcare spending drives the medical disposables market in North America
Regional segmentation of medical disposables market by Coherent Market Insights comprises North America, Latin America, Europe, Africa, Asia Pacific, and Middle East. Government initiatives, large patient pool, well established healthcare infrastructure, higher adoption rate of advanced technology, and growing awareness regarding infection control and cross-contamination in medical and healthcare fields are some major factors contributing to the domination of North America in the global medical disposables market. Asia Pacific is also a fast emerging market for medical disposables. Growing prevalence of chronic disorders due to sedentary lifestyle, presence of large number of players involved in the medical disposable product development, such as India and Japan, are expected to fuel the growth of medical disposables market.
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