LATEX MEDICAL DISPOSABLES MARKET ANALYSIS

Market Challenges And Opportunities

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. 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.