Worldwide demand for medical disposables is forecast to grow to $273 billion in 2020, an increase of 6.2 percent annually. Underlying population growth in middle-aged and elderly individuals, growth in real gross domestic product, and escalating health expenditures will contribute to the expansion of the global medical disposable market.
US Remains Largest Medical Disposable Consumer Long-Term
High health care spending levels, strict infection prevention regulations, and superior pricing flexibility will ensure that the US retains its status as the top worldwide market for medical disposable products. China accounts for the second largest share and the most rapid rise in overall demand for these items, though imbalanced access to healthcare amongst the population will somewhat moderate growth.
Health Expenditures will Accelerate as Populations Age
Worldwide, total health expenditures are projected to expand to $13.3 trillion in 2020. Growth will be positively impacted by an aging population and epidemiological patterns that will spur general demand for patient care. Additionally, expanded access to public and private health insurance will speed revenue growth in many countries.
Surgical Instruments Account for the Largest Individual Share of Product Sales
Demand for surgical instruments is forecast to rise nearly six percent in 2020, mainly attributable to trends in demographics and epidemiology. However, advances in minimally invasive techniques will reduce the supply requirements for many surgical procedures and moderate growth.
Scope of the Report
This report analyzes the scope, size, and growth of the world medical disposables industry, including key trends in product consumption and market segmentation. Healthcare indicators and historical data for 2005, 2010, and 2015 by product group, in addition to forecasts for 2020 and 2025, are included for six regions and six countries. The study also features an analysis of market shares for key industry players, the landscape of which has been significantly impacted in recent years via acquisitions and divestitures.