Disposable Medical Supplies
Disposable medical product demand in the US is expected to grow at an annual rate of 4.2 percent, reaching $54.1 billion in 2020. While technology advances will result in mixed impact on overall product demand, drug delivery systems and related products will continue to experience the most rapid expansion due to growth in the number of patients requiring long-term therapies or surgical intervention.
This study forecasts medical product demand by application, including:
Pharmaceuticals
Surgical and Medical Instruments
Surgical Appliances and Supplies
Diagnostic Products
Electro medical Equipment
Other Products
Disposable pharmaceutical products will remain the largest of these, occupying more than two thirds of the market.
Key raw materials used to manufacture disposable medical products include:
Plastic resins
Nonwoven fabric
Paper and paperboard
Rubber materials
Other raw materials
In particular, nonwoven products are expected to experience above average sales growth. Enhanced focus on infection prevention in hospitals and outpatient facilities will expand consumption of single-use nonwoven garments and textiles, while bladder control issues in an aging population will boost demand for nonwoven incontinence goods.
The market for US disposable medical product manufacturing is fragmented, with more than 10,000 individual items produced for numerous therapeutic, diagnostic, and patient support end uses. Major product segments are generally dominated by three or four top competitors.
Key disposable medical product suppliers include Abbott Laboratories, Becton Dickinson, Johnson & Johnson, Halyard Health, Kimberly-Clark, Pfizer, Smith & Nephew, and 3M.
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