Transparency Market Research has published a new report titled "Medical Disposables Market - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018" to its report store.
Albany, NY -- (SBWIRE) -- 09/24/2014 -- By 2018, the global medical disposables market will stand at US$ 193.89 billion, reporting a CAGR of 4.3% between 2012 and 2018. In 2011, the medical disposables market was worth US$144.67 billion. These are the findings of a market research report published by U.S.-based market intelligence firm Transparency Market Research (TMR). The report ascribes the growth of the medical disposables market to a higher number of people suffering from chronic diseases worldwide as well as a growing geriatric population. According to TMR’s analysts, this market will witness a high rate of growth as medical practitioners and patients switch from using re-usable products to disposable medical products.
Titled ‘Medical Disposables Market (Drug Delivery, Wound Management Products, Non-woven Medical Disposables) - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018’, the report also states that the market for medical disposables will grow alongside the growth in hospital admission numbers. A few other factors such as a higher number of people undergoing surgeries (outpatient and inpatient) and a growing acceptance of home-based healthcare will further stoke the demand for medical disposables. The report is now available on the company’s website.
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For the purpose of the study, the global market is segmented on the basis of product type and geographical region. The global medical disposables market by product further splits into: non-woven medical disposables, drug delivery products, wound management products, and other products (laboratory and diagnostic disposables). By geography, the market is segmented as: North America, Europe, Asia Pacific, and Rest of the World. Further, the United States market (categorized under North America) is separately analyzed by segmenting the US medical disposables market on the basis of end users. Thus, the US medical disposables market by end-users is composed of: outpatient facilities, home healthcare, hospitals, and others (dental offices, physicians, and emergency care).
The report states that in the global medical disposables market, North America holds the highest share. As of 2011, this region accounted for over 35% of the global market for medical disposables. However, the highest growth rate will be observed in Asia Pacific over the forecast period of this report given the rapid pace of economic development and a the wide prevalence of unmet medical needs in China and India.
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The report also profiles key players that impact the overall dynamics of the medical disposables market. Some of the companies that have been profiled include: Covidien plc, Johnson & Johnson, Becton, 3M Company, and Dickinson and Company. All market sizes and forecasts in this report are given in % CAGR and USD billion terms.
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