Disposable Hospital Supplies - Global Opportunity Assessment, Competitive Landscape and Market Forecasts to 2017

London, United Kingdom (PressExposure) July 28, 2011 -- The global disposable hospital supplies market was valued at $9.1 billion in 2010 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 6% to reach $14.1 billion by 2017. The market is expected to be driven by the growth in the number of surgeries being performed, which necessitates the use of hospital disposables. The demand for disposable hospital supplies is also expected to increase due to the non-payment policies from the healthcare payers in the US towards hospital acquired infections. This has increased the emphasis on the use of disposables to prevent infection and reduce error rates. The growth in the number of ambulatory surgical centers is also expected to stimulate the demand for disposable hospital supplies since there is scarcity of labor in such centers for sterilization of used supplies. The emerging countries hold strong potential for the disposable hospital supplies market because of their higher investment in healthcare facilities.

The demand for surgical intervention is on the rise across the world due to the increase in chronic diseases such as coronary heart disease, cancer, diabetes, obesity, and osteoarthritis.

It is estimated that approximately 34 million Americans undergo surgery every year and this number is expected to further increase due to the aging population. In addition to the increase in the diseased population, the rapid development of the healthcare infrastructure in the developing countries has made surgical intervention available for many patients, for whom, such treatment options were earlier not accessible

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Some of the common surgeries, such as the removal of coronary artery obstruction for cardiovascular diseases, are expected to grow at a CAGR of 4% over the next few years. There were a total of 4.9 million surgeries globally for the removal of coronary artery obstruction in 2007 and this number is expected to reach 6.5 million by 2015. A total of 7.5 million blood vessel procedures were conducted globally in 2007 which is expected to reach 12.2 million in 2015, after growing at a CAGR of 6%. In the orthopedics market, 1.5 million hip replacement surgeries were performed globally in 2007 and this number is expected to reach 2.1 million by 2015, growing at a CAGR of 5%. There were a total of 1.5 million knee replacement surgeries globally in 2007 and this number is expected to grow at a CAGR of 6% to reach 2.4 million in 2015.

This increase in surgical procedures necessitates the need for disposable hospital supplies such as gloves, drapes, gowns and procedure kits as they help to prevent hospital acquired infection (HAI), in both the patient as well as the physician.

Procedure kits and trays is the largest segment within the disposable hospital supplies market, with a market size of $4.2 billion in 2010. The time involved in preparation for surgery can be reduced significantly by the use of prepackaged procedure kits and trays. The time saved enables the hospital to improve productivity which in turn encourages demand for procedure kits and trays. With the significant rise in the number of surgical interventions, healthcare professionals are burdened with treating a greater number of patients. To meet the demand of this higher influx of patients, they need to increase productivity and employ time saving methods. In surgical interventions, a significant amount of time is spent on the preparation of the operating room involving the collection and inspection of operating room supplies such as the surgical equipments and other accessories.

GlobalData's new report, "Disposable Hospital Supplies - Global Opportunity Assessment, Competitive Landscape and Market Forecasts to 2017" provides key data, information and analysis on the global disposable hospital supplies market. The report provides market landscape, competitive landscape and market trends information on the disposable hospital supplies market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.

For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Disposable-Hospital-Supplies-Global-Opportunity-Assessment-Competitive-Landscape-and-Market-Forecasts-to-2017&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices&CompanyID=pexpo

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Press Release Submitted On: July 28, 2011 at 1:58 am
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