Global Disposable Hospital Supplies Market Forecast to Exceed $14 Billion by 2017
A new report from Research and Markets, "Disposable Hospital Supplies - Global Opportunity Assessment, Competitive Landscape and Market Forecasts to 2017," shows that 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 percent to reach $14.1 billion by 2017.
According to the report, 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 payors in the U.S. toward healthcare-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.
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