Demand for disposable medical products will increase 4.1 percent annually in the United States, reaching a value of $49.3 billion in 2018, according to business research group Freedonia (Cleveland, OH).
"An increasing volume of patient activity attributable to an aging population, a rising incidence of medical conditions, and the extension of health insurance coverage by the Affordable Care Act of 2010 will comprise the major factors spurring growth," says analyst Bill Martineau. The domestic disposable medical supplies market will also benefit from a heightened focus on infection prevention throughout the healthcare sector.
A growing number of patients requiring surgery or long-term chronic care therapy, drug delivery, and related products will remain the fastest expanding group of disposable medical supplies. Total demand registered by this product group will rise 5.1 percent annually to $13.4 billion in 2018. Safety-enhanced devices for the minimally invasive delivery of parenteral medicines, inhalation therapies, and IV and dialysis solutions will lead growth, according to Freedonia.