Expect 6.2% annual growth a year, according to a new report.
The global market for disposable medical products will reach $273 billion by 2020, according to a new report from the Freedonia Group (Cleveland), relayed by Qmed's fellow UBM media outlet Plastics Today. The growth represents a 6.3% annual increase.
The United States will stay the largest market, with growth driven by an emphasis on infection prevention. Healthcare-associated infections are a major problem in the U.S., with the Centers for Disease Control estimating that one in 25 hospital patients will suffer one.
Growing demand for such disposable medical devices will in turn fuel a 5.3% a year increase in demand for the raw materials making up such devices, according to the report.
|Brush up on your medical device industry knowledge at BIOMEDevice San Jose, December 7-8, 2016.|
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