Tag Archives: Latex Medical Disposables Market

Latex Medical Disposables Market to Become Worth US$6.4 bn by 2024

The latex medical disposables market is largely fragmented, with the top five companies accounting for just over 60.0% in 2015. Transparency Market Research has found that these companies, namely Top Glove Corporation, Ansell, Hartalega Holdings Bhd, C.R. Bard, and B. Braun Melsungen, have been capturing market share through technological advancements and offering a wide product range. Investing in R&D activities has also proven to be beneficial for companies competing in this market.

While dominant players are competing by launching innovative products, regional vendors are striving to gain market share from existing players,” the lead analyst states. Companies are also offering price discounts on bulk purchases, further boosting their position in the latex medical disposables market. Although the threat of new entrants is moderate, the threat of substitutes is considerably high.

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The opportunity in the global latex medical disposables market is expected to be worth US$6.4 bn by 2024, rising from US$4.1 bn in 2015 at a modest CAGR of 4.9% therein.

Latex Gloves Most Significant Contributor in terms of Revenue

Latex gloves has been the major product segment of the latex medical disposables market, accounting for 60.4% in terms of revenue in 2015. The latex foley catheters segment is projected to expand at a CAGR of 5.1% from 2016 to 2024, emerging as the most lucrative segment thus far. By end use, the hospitals segment is expected to account for the dominant share by 2024, followed by diagnostic centers. Hospitals are also anticipated to exhibit a high CAGR throughout the forecast period.

The global latex medical disposables market is well developed in regions such as North America and Europe. However, regions such as Latin America and Asia Pacific exhibit immense potential for high growth. North America leads the global latex medical disposables market, with 33.0% share in 2016. The Asia Pacific market, on the other hand, is projected to expand at the fastest CAGR of 5.8% during the forecast period.

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Technological Advancements and Launch of Novel Products Driving Market

Players within the latex medical disposables market have been investing in the launch of novel technologies and products that are aimed at reducing risks and infections and offering a host of benefits to the patients,” the author of the report finds.

For instance, the BARDEX I.C. infection control latex Foley catheter is clinically proven to minimize the risk of catheter-associated urinary tract infections. The catheter’s technologically-advanced formulation dramatically lessens bacterial adherence and reduces the formation of biofilm. Similarly, Medline Industries, Inc.’s three-way Foley catheter offers continuous irrigation capabilities for use after urological surgeries. The growth of the latex medical disposables market rides on such developments.

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Latex Allergies Restricting Uptake

Latex allergy is one of the most prominent challenges faced by the global latex disposables market. As a result, many healthcare providers are opting for non-latex products, thereby inhibiting the growth of the market. Leading medical technology company Becton, Dickinson and Company has found that as many as 17 million people in the U.S. are allergic to latex.

Competition is rather high in the medical disposables market, which often leads to diminishing prices of these products, including latex disposables. Shrinking or slowly increasing revenues are expected to hamper the growth of the global latex medical disposables market.

 

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Latex Medical Disposables Market: Latex Gloves Most Significant Contributor in terms of Revenue

Global Latex Medical Disposables Market: Snapshot

Latex medical disposables such as latex gloves are used during surgeries and check-ups. The demand for latex medical disposables is therefore quite high among doctors, surgeons, and dentists across the globe. Primarily, there are two types of latex gloves available in the market. These are powdered and non-powdered latex gloves. The non-powdered gloves might witness relatively more demand when compared with powdered gloves, as powdered gloves were found to be hindering the healing process of patients.

The market might encounter obstacles owing to the prevalence of latex allergies that induce several healthcare professionals to use non-latex products instead. Moreover, with the intensifying competition, the market players might have to bring down the prices of their products. As a result, sluggish growth in revenue might restrict the growth of the global market for latex medical disposables. However, the impact of these restraints will be negated by the emergence of novel technologies.

Read Report Overview: http://www.transparencymarketresearch.com/latex-medical-disposables-market.html

The global market for latex medical disposables was pegged at US$4.1bn in 2015, and is expected to rise up to achieve US$6.4bn by the end of 2024, expanding at a CAGR of 4.9%.

Rising Demand from Countries in Asia Pacific to Accelerate Growth

Based on geography, the global latex medical disposables market has been segmented into Europe, Asia pacific, Latin America, the Middle East and Africa, and North America. The global latex medical disposables market is presently dominated by North America, which accounted for a 33% share of the global market during 2016, with Europe close-by at its heels. The increasing concerns about safety, growing awareness about health and the spread of contagious diseases, and increasing measures for preventing the spread of these diseases are some of the major factors driving the the market in Europe and North America.

Asia Pacific is also slated for substantial growth during the forecast period, expanding at a promising CAGR of 5.8% between 2016 and 2024. The countries in Asia Pacific such as India, Japan, Singapore, China, Australia, and Thailand are likely to represent a significant portion of the global market for latex medical disposables over the coming years. The growth of these regions can be attributed to the growing awareness about the safety of patients and healthcare professionals, rising per capita incomes of people, increasing healthcare expenditures of governments, and flourishing medical and pharmaceutical sectors in these regions.

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Latex Gloves Emerge as Dominant Product Segment

By product, the global market for latex medical disposables has been segmented into latex, foley catheters, latex gloves, urine bags, latex probe covers, and others. Hospitals, clinics, ambulatory surgical centers, diagnostic centers, and others are the key segments by end user. Of these, latex gloves have been witnessing increasing demand over the past few years. As a result, these products have been dominating the global market. In terms of revenue, this product segment accounted for nearly 60.4% of the global market for latex medical disposables during 2015. Latex gloves might continue to hold the foremost position as these gloves are an easy and effective way of protecting the hands of patients and healthcare providers from the risk of infection.

By end user, the hospitals segment dominated the global market for latex medical disposables in terms of revenue during 2015. The increasing number of surgical procedures and check-ups in hospitals, coupled with establishment of new clinics and hospitals is responsible for the dominance of this segment. This segment is slated to contribute 28.7% to the global market for latex medical disposables by the end of 2024. The diagnostic centers segment might hold the second-most position over the forecast period.

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Some of the major companies operating in the global market for latex medical disposables are Hartalega Holdings Bhd., Supermax Corporation Berhad, B. Braun Melsungen, C.R. Bard, Ansell, Top Glove Corporation, Dynarex Corporation, and Medtronic plc.

Latex Medical Disposables Market Outlook and Forecast up to 2024

Global Latex Medical Disposables Market: Snapshot

Latex medical disposables such as latex gloves are used during surgeries and check-ups. The demand for latex medical disposables is therefore quite high among doctors, surgeons, and dentists across the globe. Primarily, there are two types of latex gloves available in the market. These are powdered and non-powdered latex gloves. The non-powdered gloves might witness relatively more demand when compared with powdered gloves, as powdered gloves were found to be hindering the healing process of patients.

The market might encounter obstacles owing to the prevalence of latex allergies that induce several healthcare professionals to use non-latex products instead. Moreover, with the intensifying competition, the market players might have to bring down the prices of their products. As a result, sluggish growth in revenue might restrict the growth of the global market for latex medical disposables. However, the impact of these restraints will be negated by the emergence of novel technologies.

This 163 page report gives readers a comprehensive overview of the latex medical disposables market. Browse through 24 data tables and 53 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/latex-medical-disposables-market.html

The global market for latex medical disposables was pegged at US$4.1bn in 2015, and is expected to rise up to achieve US$6.4bn by the end of 2024, expanding at a CAGR of 4.9%.

Rising Demand from Countries in Asia Pacific to Accelerate Growth

Based on geography, the global latex medical disposables market has been segmented into Europe, Asia pacific, Latin America, the Middle East and Africa, and North America. The global latex medical disposables market is presently dominated by North America, which accounted for a 33% share of the global market during 2016, with Europe close-by at its heels. The increasing concerns about safety, growing awareness about health and the spread of contagious diseases, and increasing measures for preventing the spread of these diseases are some of the major factors driving the the market in Europe and North America.

Asia Pacific is also slated for substantial growth during the forecast period, expanding at a promising CAGR of 5.8% between 2016 and 2024. The countries in Asia Pacific such as India, Japan, Singapore, China, Australia, and Thailand are likely to represent a significant portion of the global market for latex medical disposables over the coming years. The growth of these regions can be attributed to the growing awareness about the safety of patients and healthcare professionals, rising per capita incomes of people, increasing healthcare expenditures of governments, and flourishing medical and pharmaceutical sectors in these regions.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving latex medical disposables market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16109

Latex Gloves Emerge as Dominant Product Segment

By product, the global market for latex medical disposables has been segmented into latex, foley catheters, latex gloves, urine bags, latex probe covers, and others. Hospitals, clinics, ambulatory surgical centers, diagnostic centers, and others are the key segments by end user. Of these, latex gloves have been witnessing increasing demand over the past few years. As a result, these products have been dominating the global market. In terms of revenue, this product segment accounted for nearly 60.4% of the global market for latex medical disposables during 2015. Latex gloves might continue to hold the foremost position as these gloves are an easy and effective way of protecting the hands of patients and healthcare providers from the risk of infection.

By end user, the hospitals segment dominated the global market for latex medical disposables in terms of revenue during 2015. The increasing number of surgical procedures and check-ups in hospitals, coupled with establishment of new clinics and hospitals is responsible for the dominance of this segment. This segment is slated to contribute 28.7% to the global market for latex medical disposables by the end of 2024. The diagnostic centers segment might hold the second-most position over the forecast period.

Some of the major companies operating in the global market for latex medical disposables are Hartalega Holdings Bhd., Supermax Corporation Berhad, B. Braun Melsungen, C.R. Bard, Ansell, Top Glove Corporation, Dynarex Corporation, and Medtronic plc.

 

Latex Medical Disposables Market: Technological Advancements and Launch of Novel Products Driving Market

Global Latex Medical Disposables Market: Snapshot

Latex medical disposables such as latex gloves are used during surgeries and check-ups. The demand for latex medical disposables is therefore quite high among doctors, surgeons, and dentists across the globe. Primarily, there are two types of latex gloves available in the market. These are powdered and non-powdered latex gloves. The non-powdered gloves might witness relatively more demand when compared with powdered gloves, as powdered gloves were found to be hindering the healing process of patients.

The market might encounter obstacles owing to the prevalence of latex allergies that induce several healthcare professionals to use non-latex products instead. Moreover, with the intensifying competition, the market players might have to bring down the prices of their products. As a result, sluggish growth in revenue might restrict the growth of the global market for latex medical disposables. However, the impact of these restraints will be negated by the emergence of novel technologies.

 This 163 page report gives readers a comprehensive overview of the latex medical disposables market. Browse through 24 data tables and 53 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/latex-medical-disposables-market.html

 The global market for latex medical disposables was pegged at US$4.1bn in 2015, and is expected to rise up to achieve US$6.4bn by the end of 2024, expanding at a CAGR of 4.9%.

Rising Demand from Countries in Asia Pacific to Accelerate Growth

Based on geography, the global latex medical disposables market has been segmented into Europe, Asia pacific, Latin America, the Middle East and Africa, and North America. The global latex medical disposables market is presently dominated by North America, which accounted for a 33% share of the global market during 2016, with Europe close-by at its heels. The increasing concerns about safety, growing awareness about health and the spread of contagious diseases, and increasing measures for preventing the spread of these diseases are some of the major factors driving the the market in Europe and North America.

Asia Pacific is also slated for substantial growth during the forecast period, expanding at a promising CAGR of 5.8% between 2016 and 2024. The countries in Asia Pacific such as India, Japan, Singapore, China, Australia, and Thailand are likely to represent a significant portion of the global market for latex medical disposables over the coming years. The growth of these regions can be attributed to the growing awareness about the safety of patients and healthcare professionals, rising per capita incomes of people, increasing healthcare expenditures of governments, and flourishing medical and pharmaceutical sectors in these regions.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving latex medical disposables market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16109

Latex Gloves Emerge as Dominant Product Segment

By product, the global market for latex medical disposables has been segmented into latex, foley catheters, latex gloves, urine bags, latex probe covers, and others. Hospitals, clinics, ambulatory surgical centers, diagnostic centers, and others are the key segments by end user. Of these, latex gloves have been witnessing increasing demand over the past few years. As a result, these products have been dominating the global market. In terms of revenue, this product segment accounted for nearly 60.4% of the global market for latex medical disposables during 2015. Latex gloves might continue to hold the foremost position as these gloves are an easy and effective way of protecting the hands of patients and healthcare providers from the risk of infection.

By end user, the hospitals segment dominated the global market for latex medical disposables in terms of revenue during 2015. The increasing number of surgical procedures and check-ups in hospitals, coupled with establishment of new clinics and hospitals is responsible for the dominance of this segment. This segment is slated to contribute 28.7% to the global market for latex medical disposables by the end of 2024. The diagnostic centers segment might hold the second-most position over the forecast period.

Some of the major companies operating in the global market for latex medical disposables are Hartalega Holdings Bhd., Supermax Corporation Berhad, B. Braun Melsungen, C.R. Bard, Ansell, Top Glove Corporation, Dynarex Corporation, and Medtronic plc.

 

Latex Medical Disposables Market Outlook and Forecast up to 2024

Latex Medical Disposables Market: Snapshot

The global latex medical disposables market has witnessed significant growth over the last decade primarily owing to the urgent need for infection control. The demand for latex medical disposables is not just limited to super specialty hospitals but has, of late, expanded to rural hospitals and clinics.

The opportunity in the global latex medical disposables market is expected to amount to US$6.4 bn by 2024, rising from a value of US$4.1 bn in 2015 at a modest CAGR of 4.9% therein. The growth in this market can be attributed to an expanding medical tourism industry across developing countries, vigorous growth of the healthcare sector, rising focus of the government toward the medical devices market, and growing healthcare awareness among the population.

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Hospitals Emerge as Leading End User of Latex Medical Disposables

By product, latex gloves emerged as the leading segment of the latex medical disposables market, accounting for a 60.4% share in terms of revenue in 2015. Latex foley catheters and latex probe covers also show significant scope for growth and the trend is likely to continue through 2024.

The key end users latex medical disposables include hospitals (private and public), ambulatory surgical centers, clinics, and diagnostic centers. Hospitals formed the dominant segment in terms of revenue in 2015, attributed to a significantly high demand. The consumption of latex medical disposables is high in hospitals because of the increased number of procedures carried out and the growing preference of patients toward public and private hospitals. The hospital segment is expected to account for a 28.7% share in 2024, closely followed by diagnostic centers.

Developing Markets of Asia Pacific and Latin America Show Immense Promise

North America leads the global latex medical disposables market and factors such as the increasing geriatric population and the introduction of new material variants by global players for the betterment of healthcare professionals can be attributed to the region’s dominance in the global market. In addition, a rise in infection control awareness has played a vital role in increasing healthcare expenditure in the region. The U.S. accounts for a major share in the North America as well as worldwide latex medical disposables market.

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Europe is also a prominent contributor to the global latex medical disposables market due to a well-established healthcare network in the region. The demand for latex disposables is increasing owing to the rising number of ambulatory surgical centers as well as their growing use in home-care settings. Despite the ongoing debate about latex allergies, the size of this market is likely to expand during the course of the forecast period.

The Asia Pacific latex medical disposables market is projected to expand at the fastest CAGR during the forecast period, with China as its lead contributor. Increasing population and consumption of latex products in the country is expected to provide lucrative opportunities for global players. Moreover, a rise in the demand for other latex products such as probe covers and foley catheters in Japan and India is likely to complement the growth of the latex medical disposables market in Asia Pacific.

Players in the latex medical disposables market have been focused on strengthening their presence in Latin America due to the rising number of private hospitals in Brazil, Mexico and other countries in the region.

Key players in the latex medical disposables market include B. Braun Melsungen, Medtronic plc. (Covidien), C.R. Bard, Ansell, Hartalega Holdings Bhd., Top Glove Corporation, Supermax Corporation Berhad, and Dynarex Corporation.