Plastic suppliers will benefit from the global market for disposable medical supplies
Plastic suppliers will benefit from the global market for disposable medical supplies
According to the United States more than Mr Zegna group, a global disposable medical supplies research and prevention of hospital infection, the increase of global inpatient and outpatient and direct-to-consumer medical supplies of rising global sales will spur development in the field of disposable medical consumables. Global demand for disposable medical supplies is forecast to grow by 6.6 per cent a year to $245bn by 2018. By then, plastic resin will account for about 73 percent of the raw materials needed for disposable medical supplies.
Analysts at the fridonia group say products to treat and control chronic diseases will achieve the fastest growth in sales. Drug delivery devices, especially those that prevent Needle stings, such as the needle-trap device developed by Schreiner Medipharm, will account for a large proportion of sales growth. In the meantime, the report notes that innovative pre-filled inhalers and skin patches can help patients control chronic diseases and are popular in the global medical market.
Although the United States, Western Europe and Japan, mature market growth is slowing, but emerging economies will further improve the modern medical infrastructure, implement regular infection prevention protocol, promote the development of disposable medical supplies market.
The top 10 markets are the us, China, Japan, Russia, Germany, France, Brazil, India, Italy and the UK, which account for two-thirds of global demand by 2018. According to analyst Bill Martneau, the average annual growth rate of these markets is different during the forecast period, with Japan at the lowest, 3.6 per cent, and China at 15 per cent.
According to the report, the largest proportion of global demand for raw materials for disposable medical supplies is plastic, which will rise at a 5.4% annual rate to a market value of $14.3 billion by 2018. North America will continue to take the lion's share, with a market capitalisation of $5.3bn, but the asia-pacific region will continue to grow fastest. By 2023, the market for disposable medical supplies in the asia-pacific region will be worth $5.7 billion, more than Western Europe and, after North America, the world's second-largest market, according to the friedenia group.
