Disposable Medical Supplies

Transcription

1 Disposable Medical Supplies US Industry Study with Forecasts to 2007 & 2012 STUDY #1696 August 2003 $4200 The Freedonia Group The First Choice In Industry Research 767 Beta Drive Cleveland, OH USA Tel: (US) or Fax:

2 Disposable Medical Supplies US Industry Study with Forecasts to 2007 & 2012 Study #1696 August 2003 $ Pages The home health care sector will generate the fastest growth as widening insurance coverage promotes expansion in the level and types of procedures implemented in home settings US market to reach over $79 billion in 2007 US demand for disposable medical supplies will increase 5.6 percent annually to over $79 billion in The strongest growth is projected for drug-eluting stents; prefilled inhalers; prefilled syringes; and cellular analysis, nucleic acid, and blood glucose diagnostics based on significant advantages over alternative products in the treatment or diagnosis of complex disorders. Hospitals will remain the largest market for disposable medical supplies due to the complexity of inpatient care, but will generate below average gains in demand due to downward pressure on pricing as most product purchases continue to be transacted through competitive bidding processes. Among all markets, the home health care sector will generate the fastest growth as widening insurance coverage promotes expansion in the level and types of procedures implemented in home settings. IV, catheterization products offer best opportunities Relative to major groups of disposable medical supplies, IV, catheterization and related products will provide the best growth opportunities, with demand increasing 7.2 percent annually to $34 billion in Gains will reflect expanding applications for high valueadded products (such as prefilled inhalers, prefilled syringes, drug-eluting stents, and atherectomy and embolectomy catheters ). Demand for diagnostic and laboratory disposables will increase more slowly as breakthroughs in instrumentation and reagents make patient tests less material-intensive. Cellular analysis and nucleic acid diagnostics will fare the best in the Disposable Medical Supplies Demand by Type, 2002 ($60 billion) IV, Catheterization & Related 40% Diagnostic & Lab Disposables 26% Wound Management Supplies 10% Nonwoven Medical Disposables 7% Other 17% Bioengineered tissue adhesives and sealants will see the fastest growth among disposable wound managemarketplace based on product advances and expanding applications in cancer, cardiovascular, infectious disease and genetic testing. Blood glucose measuring reagents will also see favorable growth as new diabetic cases are detected and preventive care guidelines are strengthened. In the area of in vivo diagnostics, radio-pharmaceuticals for positron emission tomography (PET) will post the strongest demand gains as hospitals and outpatient facilities add advanced diagnostic capabilities. Incontinence goods, bioengineered adhesives & sealants growing strongest ment supplies based on performance and infection prevention benefits over staples and sutures. By contrast, a competitive pricing environment and similarities among major brands will moderate gains in the market for most types of bandages and dressings. Incontinence goods will generate the best sales gains among nonwoven medical disposables as the number of mild-to-moderate bladder disorders expands with aging population trends. Face masks will fare the best among nonwoven garments and textiles as infection prevention standards are upgraded throughout the health care sector. Ostomy products also hold favorable growth prospects based on the number of patients requiring temporary or permanent stomas. Visit for complete text and table of contents

3 Table of Contents Letter From the CEO INTRODUCTION EXECUTIVE SUMMARY... 1 MARKET ENVIRONMENT... 4 General... 4 Economic Factors... 4 Demographic Patterns... 7 Medical Conditions... 9 National Health Expenditures Medical Providers Patient Activity Medical Product Markets RAW MATERIALS General Plastic Materials Chemicals & Biochemicals Nonwoven Fabrics Paper & Paperboard Rubber Materials Other Raw Materials PRODUCT OVERVIEW General Product Groups Regulatory Considerations Demand Patterns US Trade International Markets CATHETERIZATION & RELATED PRODUCTS General Market Overview Catheters & Accessories Hypodermic Products Inhalation & Anesthesia Disposables Infusion Supplies & Devices Transdermal Patches Dialysis Disposables DIAGNOSTIC & LABORATORY DISPOSABLES General Market Overview In Vitro Diagnostic Products In Vivo Diagnostic Consumables Other Diagnostic & Laboratory Disposables Dear Colleague: In challenging economic times, it is more important than ever to have credible industry information on which to base your business decisions. At Freedonia, it is our mission to provide you with an unbiased, reliable outlook for each industry that we study. We carefully examine available sources, separate the wheat from the chaff, and distill an ocean of data into a concise presentation of where an industry stands today... and where it is going. At Freedonia, it is our mission to provide you with an unbiased, reliable outlook for each industry... Each Freedonia industry study provides you with the information and analysis you need to make important decisions. How large is your target market? Which product segments are growing fastest? Which markets are growing fastest? Our analysts review the relevant secondary sources and talk directly to participants in the industry to find the answers. Our Disposable Medical Supplies study takes a good look at this $60 billion industry and represents the culmination of several hundred hours of Freedonia analysts' time. The study provides a tremendous amount of content with breakouts for demand across a broad spectrum of disposable medical products. Please take a few minutes to look over the table of contents in this brochure to get a sense of our scope of coverage. At over 400 pages, our Disposable Medical Supplies study presents a comprehensive overview of the current state of the industry its future prospects. I invite you to add the Freedonia Group to your team by acquiring our Disposable Medical Supplies study today. Very truly yours, Jeffrey Weiss, CEO

4 Table of Contents (cont.) WOUND MANAGEMENT SUPPLIES General Market Overview Bandages & Dressings Wound Closures Other Wound Management Supplies NONWOVEN MEDICAL DISPOSABLES General Market Overview Disposable Garments & Textiles Incontinence Products OTHER DISPOSABLE MEDICAL SUPPLIES General Market Overview Disposable Contact Lenses Surgical Disposables Disposable Gloves Disinfectants & Germicides Sterilization Supplies All Other Disposable Medical Supplies END-USE MARKETS General Hospitals Home Health Care Outpatient Facilities Clinical & Research Laboratories Physicians Offices Nursing Homes Dental Practices Other Markets INDUSTRY STRUCTURE General Market Share Competitive Strategies Mergers & Acquisitions Licensing & Related Agreements Marketing & Distribution Research & Development Manufacturing Company Profiles Disposable Medical Supplies Demand by Market, 2002 ($60 billion) Home Health Care 19% Outpatient 12% Becton Dickinson and Company One Becton Drive Franklin Lakes, NJ Hospitals 47% Revenues: $4 billion (FY 2002) US Revenues: $2.2 billion (FY 2002) Employment: 25,250 (FY 2002) Other 22% COMPANY PROFILES Key Products: injection devices, infusion therapy products, surgical supplies, diabetic supplies, wound management supplies, reagents and diagnostic assays, specimen collection supplies, stains and blood culture media All three BD segments are active in the US disposable medical supplies market. Single-use products sold by the Company include injection devices, infusion therapy products, surgical supplies, diabetic supplies, wound management supplies, parenteral drug delivery systems, diagnostic reagents and assays, specimen collection supplies, stains and blood culture media. Becton Dickinson s combined US sales of disposable medical supplies were an estimated $1.8 billion in 2002, ranking the Company fifth in terms of overall market share. Medical Systems Segment -- The Medical Systems segment, which generated revenues of $2.2 billion in 2002, is a leading supplier of hypodermic needles and

5 Freedonia Study # DISPOSABLE MEDICAL SUPPLIES Clinical Chemistry Products Demand by Type (million dollars) Item Physicians Consultations (mil) $ clinical chem/consultation Clinical Chemistry Products Dd Reagents & Test Kits: Blood Glucose MARKETS Lipids Electrolytes & Blood Gases 215 The 251 Markets 284 Section 320 analyzes 245 trends 276 and considers Proteins 205 Enzymes 206 the 233 threats 260 and opportunities Toxicology 197 in each 232 major 265 market RAW MATERIALS Others Standards & Controls Nonwoven Fabrics % clinical chemistry The consumption of nonwoven fabrics in disposable In Vitro medical Diagnostic Products Dd supplies will increase 4.4 percent annually to $975 million in The expanding incidence of incontinence disorders, together with the strengthening of surgical infection control safeguards, will SAMPLE promote growth PAGE by boosting the demand for single Text use products sections support such as adult each diapers, surgical gowns and table s surgical numbers masks. & projections In addition, a rising incidence of injuries will impact favorably on the need for nonwoven bandages and dressings. By contrast, competition from reusables in non-critical textile and garment applications, magnified by waste disposal concerns, will moderate overall growth opportunities in medical apparel. In addition to growth in end-use products, opportunities for nonwoven fabrics in disposable medical supplies will benefit from changing raw material requirements of end Dental users. Practices For Market - example, producers of adult diapers and shields Disposable are increas-medicaing the content of nonwoven materials to enhance absor- Supplies Demand (million dollars) bency and allow for longer wear. Similar additions are being made to surgical gowns to increase infection resistance during surgery and other invasive patient procedures. Item Dental Practices (000) Nonwoven fabrics are produced by alternative methods to conventional knitting or weaving. Raw materials 000$ such dms/practice as fibers, filaments or yarns are bonded together through heating, mechanical means, solvent application Dental or chemical Practices DMS Demand PRODUCTS IV, Catheterization & Related The Product Sections Diagnostic & Lab Disposables provide demand for Wound Management Supplies historical years and Nonwoven Medical Disposables Other Disposable Medical Sup 87 forecast 123 growth 160 to and 2012 % dental practices Disposable Medical Supply M

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