Report predicts growth for supplies
CLEVELAND, Ohio - The disposable medical supplies market will increase 4.9% annually, to more than $70 billion by 2001, according to a new report by Freedonia Group. That is a slight drop from the current 5.8% growth rate, according the Cleveland-based market research firm. An increase in chronic care patients will drive growth in drug delivery and catheterization products--the largest and fastest-growing category of disposable medical supplies, with demand increasing 5.7% annually to hit almost $35 billion in 2011. In wound care, dressings will enjoy the strongest growth, particularly in highly absorbent alginate and foam products and fast healing collagen and growth factor dressings. For incontinence products, odor neutralizing diapers and shields are expected to show the fastest gains.