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Growing geriatric populations and the prevalence of chronic diseases are two major factors driving the demand for medical disposables. Diabetes alone will grow to a global prevalence of 552.0 million people by 2030, resulting in increased hospital stay time and higher healthcare costs. The market for medical disposables is also anticipated to be boosted by the increasing geriatric population, which will continue to increase as the population grows older. The growing need for such products will drive the industry over the next few years.
The United States and the UK will remain the largest national markets for medical disposable products. These two regions will account for two-thirds of global demand by 2020, according to the World Economic Forum. The United States will continue to be the largest market for medical disposables, with the largest share of sales in the next five years. Meanwhile, China is set to overtake Western Europe in the coming years as it seeks to improve its medical infrastructure.
Healthcare facilities must comply with strict sanitization and ambiance sustenance standards. By using medical disposable products, healthcare facilities can ensure maximum cleanliness and zero-contamination while minimizing patient discomfort. These products are easy to deploy, making them an excellent choice for hospitals. Moreover, they are more cost-effective than their traditional counterparts. The global market for medical disposables is expected to reach $273 billion by 2020.
The region North America will continue to dominate the medical disposables market, accounting for the highest market share and revenue share through 2020. Growth in this region will be primarily driven by the increasing incidence of chronic diseases and the growing number of hospital admissions. The United States will continue to be the leading market for medical disposables, while China is forecast to be the second largest market by 2020, surpassing Western Europe by a large margin
The United States will be the largest national market for medical disposables by 2020. The region will account for two-thirds of global demand by 2020. The major growth drivers for the medical disposables industry are the aging population, growing proportion of elderly population, and increasing number of chronic diseases. A high proportion of the population will lead to a steady demand for medical disposables in the coming years. In the meantime, the market will continue to grow.
North America will be the largest market for medical disposables in 2020, with a 34.3% share. As the population ages, the number of surgeries in the region will also rise. The demand for medical disposables is also expected to grow rapidly in the region due to the rising number of COVID-19 patients. As of May 2017, there are approximately 3,39,09 existing cases of the disease in Canada. With the growing number of elderly patients and the aging population, the number of COVID-19 cases will continue to increase exponentially.
The United States and the UK will remain the largest national markets for medical disposable products. These two regions will account for two-thirds of global demand by 2020, according to the World Economic Forum. The United States will continue to be the largest market for medical disposables, with the largest share of sales in the next five years. Meanwhile, China is set to overtake Western Europe in the coming years as it seeks to improve its medical infrastructure.
Healthcare facilities must comply with strict sanitization and ambiance sustenance standards. By using medical disposable products, healthcare facilities can ensure maximum cleanliness and zero-contamination while minimizing patient discomfort. These products are easy to deploy, making them an excellent choice for hospitals. Moreover, they are more cost-effective than their traditional counterparts. The global market for medical disposables is expected to reach $273 billion by 2020.
The region North America will continue to dominate the medical disposables market, accounting for the highest market share and revenue share through 2020. Growth in this region will be primarily driven by the increasing incidence of chronic diseases and the growing number of hospital admissions. The United States will continue to be the leading market for medical disposables, while China is forecast to be the second largest market by 2020, surpassing Western Europe by a large margin
The United States will be the largest national market for medical disposables by 2020. The region will account for two-thirds of global demand by 2020. The major growth drivers for the medical disposables industry are the aging population, growing proportion of elderly population, and increasing number of chronic diseases. A high proportion of the population will lead to a steady demand for medical disposables in the coming years. In the meantime, the market will continue to grow.
North America will be the largest market for medical disposables in 2020, with a 34.3% share. As the population ages, the number of surgeries in the region will also rise. The demand for medical disposables is also expected to grow rapidly in the region due to the rising number of COVID-19 patients. As of May 2017, there are approximately 3,39,09 existing cases of the disease in Canada. With the growing number of elderly patients and the aging population, the number of COVID-19 cases will continue to increase exponentially.