Medical disposable market is expected to show significant growth over the forecast period owing to increasing demand for technologically advanced products enabling effective infection prevention. Key market drivers are emergence of cost effective products, increasing emphasis on safety protocols regulated by JCAHO (Joint Commission on the Accreditation of Healthcare Organizations) and CDC(Centers for Disease Control and Prevention). Growing geriatric population, health insurance coverage extension by affordable care act and prevalence of diseases are further expected to boost growth of medical disposable market. Similarly, rising concerns about health and safety of healthcare occupational and awareness about various allergies and infections are expected to drive growth of medical disposable market.
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Medical disposable market is broadly segmented into type of product and end users. Dialysis infusion product segment is one of the largest segments in the market. Major products contributing medical device market are respiratory supplies, waste disposable supplies, sterilization supplies and wound management systems. Wound management system expected to grow over the forecast period. Respiratory supplies market expected to grow at rapid pace due to increasing base of chronic obstructive pulmonary diseases, asthma and allergies. Hospitals are one of the largest end users of medical disposables.
North America was found to be one of the largest market share holder for medical disposables in 2014, owing to the presence of sophisticated healthcare infrastructure, affordable care act and well established medical delivery systems. European market due to presence of stringent safety guidelines followed at healthcare institutions and rising geriatric population base is expected to follow North American market and register growth. On the other hand, Asia Pacific is expected to show a lucrative growth rate during the forecast period due to presence of growing healthcare infrastructure, awareness about health and safety of patients and workers at the hospitals and increasing acceptance of infection prevention protocols.
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