Printer Friendly

US disposable medical supplies demand to exceed $79 billion in 2007.

US demand for disposable medical supplies will increase 5.6 percent annually to over $79 billion in 2007. The strongest growth is projected for drug-eluting stents; prefilled inhalers; prefilled syringes; and cellular analysis, nucleic acid, and blood glucose diagnostics based on significant advantages over alternative products in the treatment or diagnosis of complex disorders. These and other trends are presented in Disposable Medical Supplies, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Relative to major groups of disposable medical supplies, IV, catheterization and related products will provide the best growth opportunities, with demand increasing 7.2 percent annually through 2007. Gains will reflect expanding applications for high value-added products (such as prefilled inhalers, prefilled syringes, drug-eluting stents, and atherectomy and embolectomy catheters). Demand for diagnostic and laboratory disposables will increase more slowly as breakthroughs in instrumentation and reagents make patient tests less material-intensive. Cellular analysis and nucleic acid diagnostics will fare the best in the marketplace based on product advances and expanding applications in cancer, cardiovascular, infectious disease and genetic testing. Blood glucose measuring reagents will also see favorable growth as new diabetic cases are detected and preventive care guidelines are strengthened.

Hospitals will remain the largest market for disposable medical supplies due to the complexity of inpatient care, but will generate below average gains in demand due to downward pressure on pricing as most product purchases continue to be transacted through competitive bidding processes. Among all markets, the home health care sector will generate the fastest growth as widening insurance coverage promotes expansion in the level and types of procedures implemented in home settings.

Disposable Medical Supplies (published 08/2003, 432 pages) is available for $4,200 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.

A limited license to use or reprint information from this news release is granted to you provided attribution for the same--including, if possible, the price of the report--is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
US DISPOSABLE MEDICAL SUPPLIES DEMAND
(million dollars)

 % Annual Growth

Item 1997 2002 2007 02/97 07/02

Disposable Medical Supplies 44040 60280 79100 6.5 5.6
 IV, Catheterization & Related 15955 24030 34000 8.5 7.2
 Diagnostic & Lab Disposables 12155 15980 20300 5.6 4.9
 Wound Management Supplies 4885 5885 6940 3.8 3.4
 Nonwoven Medical Disposables 3190 4110 5100 5.2 4.4
 Other 7855 10275 12760 5.5 4.4

[c] 2003 by The Freedonia Group, Inc.
COPYRIGHT 2003 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:US disposable medical supplies demand to exceed $79 billion in 2007.
Publication:Research Studies - Freedonia Group
Geographic Code:1USA
Date:Aug 26, 2003
Words:462
Previous Article:US decorative laminates demand to reach 15.2 billion square feet in 2007.
Next Article:US elevators & escalators demand to reach $15.1 billion in 2007.
Topics:


Related Articles
Product improvements, marketing expected to fuel continued disposables growth.
Disposable medical supplies demand to reach $48b.
Nonwoven medical disposables.
Demand for sterile medical packaging in the US is projected to increase 5.3 percent per annum through 2002 to $1.4 billion, with unit increases of...
Sterile packaging demand to reach $1.8 billion in 2006. (For Immediate Release).
US infection prevention products & services demand to reach nearly $10 billion in 2007.
US disposable medical supplies demand to reach $71 billion in 2009.
Rochester Medical announces agreements with Hollister.
Instruments of change: instrument manufacturers continue to adapt to meet ever-changing clinical needs.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |