Regional Insights:
On the basis of region, theglobal LatexMedical Disposables Market is segmented into North America, Latin America,Europe, Asia Pacific, Middle East, and Africa. North America holds a dominantposition in the global market, followed by Europe, owing to the increasingconcern towards safety while performing medical procedures, as well as increasingmeasures to prevent contagious diseases. According to a fact sheet by theNational Kidney Foundation in 2017, around 6.7% of the total Medicare budget iscontributed towards the treatment of chronic kidney diseases. This suggestshigh demands for latex urine dialysis bags, as dialysis serves as a promisingtreatment 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 numberof surgeries in economies of this region such as China, India, Japan, Malaysia,and Singapore. According to the statistics by Lancet Commission of GlobalSurgery in 2016, with 14,833 surgical procedures per 100,000 people, highestrates of surgeries are performed in Japan. Several other factors responsiblefor market growth in these economies include rise in per capita income andflourishing healthcare, medical, and pharmaceutical sectors within theseeconomies.
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Latex medical disposables areused as primary wearables for safety and precaution while performing medicalprocedures such as surgeries, check-ups, and diagnostic tests in the hospitals,clinics, and laboratory centers. The most widely used latex medical disposablesare latex gloves, which are being used in massive quantities among the doctors,surgeons, dentists, and several other medical professionals across the world.The medical disposables are generally used to avoid contamination between theexaminer and the patient. These disposables prevent transfer of infectiousreagents from the healthcare personnel to the patient. Powdered latex glovesand powder-free latex gloves are two types of latex gloves. The powder-freelatex gloves are high in demand due to its hassle-free properties and increasedsafety levels. The latex medical disposables also consists of various otherproducts, which includes latex urine bags, catheters, and probes.
Market Dynamics
The annual rise in the number ofsurgeries performed globally increases the demand for latex nitrile disposablegloves, thereby driving growth of the global latex medical disposables market.According to the World Health Organization (WHO), over 232 million surgerieswere performed across the world in 2013. All the simple as well as criticalsurgical procedures demands the use of safety gloves as a pre-requisite. Otherfactors driving growth of the global latex medical disposables market includerising prevalence of chronic kidney diseases that requires dialysis treatmentas well as surgeries that make use of Foley catheters. According to a survey bythe Department of Bioengineering and Therapeutic Sciences, University ofCalifornia, San Francisco in 2013, over 650,000 patients in the U.S. wereaffected by end-stage renal disease (ESRD) that demand dialysis.
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Moreover, according to theNational Kidney Foundation, over 2 million people across the globe arecurrently receiving treatments for kidney diseases in the form of dialysis ortransplant. The increasing use of disposable latex urine bags by patientsvulnerable to dialysis further boost growth of the global latex medicaldisposables market. However, sensitivity and allergy towards latex is the onlyfactor that might hamper growth of the global latex medical disposables market.According to the American Latex Allergy Association, around 8%-17% of thehealth care professionals are allergic to latex.
Competitive Landscape:
The key players operating in theglobal latex medical disposables market include Supermax Corporation Berhad,Hartalega Holdings Bhd, C.R. Bard, B. Braun Melsungen, Dynarex Corporation, TopGlove Corporation, and Medtronic Plc. The market players are focused towardsproviding innovative products that are infection free to increase theircustomer base. For instance, in May 2018, Symphony Environmental TechnologiesPlc introduced the first disposable antimicrobial latex examination gloves madewith d2p technology for complete hygiene and elimination of risks ofantimicrobial infection from latex.
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