SAN FRANCISCO, September 29, 2016 /PRNewswire/ --
The global medical disposables market is expected to reach USD 329.9 billion by 2024, according to the study performed by Grand View Research, Inc. Key factors driving the market expansion include the growing awareness regarding benefits of infection control, which majorly include enhanced quality of life and minimized related healthcare expenditure.
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In addition, propelling factors of this sector comprise constantly rising hospital visits, surgeries, and the growing need for healthcare assistance owing to the escalating geriatric population prone to developing chronic diseases and injuries. Furthermore, the emergence of this sector is attributed to the increased focus toward the use of single-use disposable products to prevent cross-contamination and infection in healthcare settings.
These products offer a range of advantages to the healthcare institutions such as reducing sterilization and disinfection costs. Thus, most of the healthcare professionals and individual patients are turning toward disposable medical supplies to meet the infection control requirements.
Drug delivery products captured the largest revenue share in 2015. The segment is also expected to foresee the fastest growth rate due to the increasing use of prefilled syringes, needles, and transdermal patches by various hospitals and clinics.
The plastic resin segment accounted for the largest share in 2015 due to their wide availability and application in the healthcare sector. However, nonwoven material is forecasted to grow at the fastest CAGR owing to factors such as their low weight, affordable cost, and easy recycling methods. Nonwoven fabric is the material of choice for a number of applications such as wound care management, incontinence management, and surgeries due to the highly absorbent and liquid repellent nature of this material, among other properties.
Browse full research report with TOC on "Medical Disposables Market Revenue Analysis by Product (Wound Management, Drug Delivery, Diagnostic and Laboratory, Dialysis, Incontinence, Respiratory Supplies, Sterilization, Nonwoven), by Raw Material (Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals, Glass), and by End Use (Hospitals, Home Healthcare, Outpatient/Primary Care Facilities) Segment Forecasts to 2024" at: http://www.grandviewresearch.com/industry-analysis/medical-disposables-market
Further Key Findings from the Study Suggest:
Grand View Research has segmented the medical disposables market by product, raw material, end use, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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