Regional Insights:
On the basis of region, the
global Latex
Medical Disposables Market is segmented into North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant
position in the global market, followed by Europe, owing to the increasing
concern towards safety while performing medical procedures, as well as increasing
measures to prevent contagious diseases. According to a fact sheet by the
National Kidney Foundation in 2017, around 6.7% of the total Medicare budget is
contributed towards the treatment of chronic kidney diseases. This suggests
high demands for latex urine dialysis bags, as dialysis serves as a promising
treatment for patients suffering from stage 2 and end stage kidney disease.
Asia Pacific is expected to generate high revenue over the forecast period,
owing to rapid developments in healthcare infrastructure and increasing number
of surgeries in economies of this region such as China, India, Japan, Malaysia,
and Singapore. According to the statistics by Lancet Commission of Global
Surgery in 2016, with 14,833 surgical procedures per 100,000 people, highest
rates of surgeries are performed in Japan. Several other factors responsible
for market growth in these economies include rise in per capita income and
flourishing healthcare, medical, and pharmaceutical sectors within these
economies.
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Latex medical disposables are
used as primary wearables for safety and precaution while performing medical
procedures such as surgeries, check-ups, and diagnostic tests in the hospitals,
clinics, and laboratory centers. The most widely used latex medical disposables
are latex gloves, which are being used in massive quantities among the doctors,
surgeons, dentists, and several other medical professionals across the world.
The medical disposables are generally used to avoid contamination between the
examiner and the patient. These disposables prevent transfer of infectious
reagents from the healthcare personnel to the patient. Powdered latex gloves
and powder-free latex gloves are two types of latex gloves. The powder-free
latex gloves are high in demand due to its hassle-free properties and increased
safety levels. The latex medical disposables also consists of various other
products, which includes latex urine bags, catheters, and probes.
Market Dynamics
The annual rise in the number of
surgeries performed globally increases the demand for latex nitrile disposable
gloves, thereby driving growth of the global latex medical disposables market.
According to the World Health Organization (WHO), over 232 million surgeries
were performed across the world in 2013. All the simple as well as critical
surgical procedures demands the use of safety gloves as a pre-requisite. Other
factors driving growth of the global latex medical disposables market include
rising prevalence of chronic kidney diseases that requires dialysis treatment
as well as surgeries that make use of Foley catheters. According to a survey by
the Department of Bioengineering and Therapeutic Sciences, University of
California, San Francisco in 2013, over 650,000 patients in the U.S. were
affected by end-stage renal disease (ESRD) that demand dialysis.
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Moreover, according to the
National Kidney Foundation, over 2 million people across the globe are
currently receiving treatments for kidney diseases in the form of dialysis or
transplant. The increasing use of disposable latex urine bags by patients
vulnerable to dialysis further boost growth of the global latex medical
disposables market. However, sensitivity and allergy towards latex is the only
factor that might hamper growth of the global latex medical disposables market.
According to the American Latex Allergy Association, around 8%-17% of the
health care professionals are allergic to latex.
Competitive Landscape:
The key players operating in the
global latex medical disposables market include Supermax Corporation Berhad,
Hartalega Holdings Bhd, C.R. Bard, B. Braun Melsungen, Dynarex Corporation, Top
Glove Corporation, and Medtronic Plc. The market players are focused towards
providing innovative products that are infection free to increase their
customer base. For instance, in May 2018, Symphony Environmental Technologies
Plc introduced the first disposable antimicrobial latex examination gloves made
with d2p technology for complete hygiene and elimination of risks of
antimicrobial infection from latex.
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