The new report* states that demand for disposable hospital supplies is growing across the world, as they reduce risks of cross-contamination. The globally swelling diabetes population, and increasing numbers with access to state healthcare coverage mean that more and more patients will face the risk of infection through hospital contagion.
State healthcare systems are being pressured to impose active measures against HAIs, and their prevention, control and management have fueled the demand for single-use products. Governments in developed countries are encouraging the use of disposable hospital supplies in order to reduce healthcare costs incurred in treating HAIs.
The demand for disposable hospital supplies will increase as hospitals, outpatient care centres and other healthcare facilities adopt stricter infection prevention safeguards to meet stronger standards. For example, the European market for disposable surgical gowns and drapes has witnessed a steady growth in the past few years due to the enforcement of high standards of infection control based on the new European Union Medical Device Directive (MDD) and EU regulations.
In the US, the disposable hospital supplies market will be driven by an expanding patient pool and the expansion of health insurance coverage by the Affordable Care Act of 2010, which had resulted in an increased number of people seeking medical care. The increasing incidences of HAIs are a cause of concern for patients, the healthcare industry and governments.
According to the World Health Organization (WHO), about 5-10% of patients admitted to acute care hospitals in developed countries acquire an infection. HAIs are reported to cause around 80,000 deaths annually in the US and 5,000 deaths each year in the UK. Non-fatal infections also result in increased healthcare expenditure, due to prolonged hospital stays for patients. With the overall annual direct cost of HAIs to US hospitals ranging between $28 and $34 billion, the use of medical disposables is well worth the price.
The use of disposable hospital supplies such as single-use syringes, procedure kits and trays, gloves, drapes and gowns has seen steady growth in recent years.
Revenue in the disposable hospital supplies market grew at a rate of 6% during 2004-2011, and is expected to grow at a CAGR of 6.4% during 2011-2018 to reach $15.4 billion in 2018.
*Hospital Supplies Market to 2018 – Increasing Preference for Electro-mechanical Tables over Conventional Hydraulic Models to Drive Market Growth
This report provides key data, information and analysis on the global hospital supplies market. It provides a market landscape, competitive landscape and market trends information on the six hospital supplies market categories of: disposable hospital supplies, syringes and needles, sterilization and disinfectant equipment, mobility aids and transportation equipment, patient examination devices and operating room equipment. The report also provides comprehensive information on key trends affecting these categories, key analytical content on market dynamics, a review of the competitive landscape, and a detailed analysis of the pipeline products in each category. It additionally reviews details regarding important merger and acquisition deals that have taken place in the global hospital supplies market.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
Source: GBI Research