US disposable medical supplies demand to exceed $79 billion in 2007.
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 firstname.lastname@example.org. 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.
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|Comment:||US disposable medical supplies demand to exceed $79 billion in 2007.|
|Publication:||Research Studies - Freedonia Group|
|Date:||Aug 26, 2003|
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