Freedonia: Global demand for medical disposables to reach $273 billion in 2020




CLEVELAND, OH, August 30, 2016-

World demand for medical disposables is projected to increase 6.2 percent annually to $273 billion in 2020.  Due to high healthcare spending intensity, a high volume of patient activity, strict healthcare infection prevention protocols, and greater pricing flexibility, the US will remain the largest market for these products over the long term.  China will account for the fastest growing and second-largest share of demand through 2020 and beyond as its medical delivery system is expanded and upgraded to better serve its massive population. These and other trends are presented in World Medical Disposables, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Western Europe will remain the third-largest major market for medical disposables, reflecting the operation of a universal health insurance plan and an advanced medical delivery system in most countries.  On the downside, growth prospects for medical disposables in the region will slow due to tight cost controls such as budgeting and fixed reimbursement rates.


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