LATEX MEDICAL DISPOSABLES MARKET ANALYSIS

Regional Analysis

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.