Some of the most commonly used medical disposable products where plastics are used as the major raw materials are Catheters, Masks, Infusion Set, Filters, Cannula, Surgical Gloves, Suction Pipe, IV Fluid Bottles, Syringes, Clamps, Packaging Films, Check Valves, Tubing Connectors and Urine and Blood Collection Bags.

Growth Factors

A combination of upgrading and enforcement of infection prevention standards coupled with an expanding volume of hospital, surgical and outpatient procedures will promote overall gains in the market for medical disposables throughout the world. 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.

The emerging trend of disposable devices is driven by the factors like dwarfing up the effects of cross contamination and to ensure safety and accuracy. 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. Ongoing efforts to prevent hospital-acquired infections, a global increase in inpatient and outpatient procedures, and rising worldwide sales of irect-to-consumer medical products will fuel growth in the medical disposables sector.

Fastest Growing Segments

Among the major disposable medical supply product segments, dialysis disposables is expected to post the fastest increase in global demand based on an expanding prevalence of end-stage renal disorders and the high frequency of therapeutic requirements. Drug delivery is another fast growing application for disposable medical supplies. Prefillable and hypodermic syringes, IV catheters, urinary drainage, chronic wound management prefilled inhalers and transdermal patches are some the most widely used medical disposables in Hospitals.

Other segments projected to command average or better worldwide revenue growth include incontinence goods, infusion and hypodermic devices, nonwoven products, respiratory supplies and devices, sterilization supplies, and various other offerings such as urinary catheters and accessories, first aid kits, ostomy appliances, transdermal patches, and waste disposal supplies.

With more than 2.9 million patients worldwide, end-stage renal disease (ESRD) is the most prevalent form of kidney disease. It ranks as the seventh leading cause of death among globally prevalent diseases. The global hemodialysis & peritoneal dialysis market is valued at USD 69.45 Billion in 2015 and is expected to reach USD 93.83 Billion by 2020, at a CAGR of 6.2% from 2015 to 2020.

Respiratory Devices

The respiratory devices market is growing at a significant rate since the last decade. The total respiratory devices market was valued to be USD 6.2 billion in 2013 and is anticipated to have a strong growth in the coming years of forecast. The global respiratory care devices market is estimated to reach USD 21.9 Billion by 2020 at a CAGR of 9.6% during the forecast period of 2015 to 2020.

Cardiology Devices

The number of minimally invasive surgeries conducted increased globally from 669.5 thousand in 2005 to 805 thousand in 2014. The Global Interventional Cardiac Devices Market earned revenue of $1.49 billion in 2013 and estimates this to reach $6.93 billion in 2020. An estimated 28.9 million Indians suffer from at least one cardiovascular disease or disorder with disease prevalence tripling over the past 30 years. The overall interventional cardiology products market in India was valued $635.7 million in 2012 and is expected to grow at an estimated CAGR of 26.4%.

Conclusion

For the past two decades, disposable medical supplies have been witnessing a steady growth and this growth seems to be a continuous one due to the importance of their uses in healthcare. Global sales of consumer medical disposables will expand due to the impact of evolving demographic and epidemiological patterns as well as trends encouraging the regular practice of preventive medicine and self-treatment.