by Corinne Gangloff
July 26, 2018
Demand for disposable diabetes testing supplies is expected to increase 5.1% annually to more than $3.9 billion in 2022. Factors underlying growth will include an increasing number of diagnosed diabetes cases, preferences for higher value-added consumables, and trends promoting greater preventive medicine activities. Advances in the performance properties and convenience of blood glucose monitors are encouraging diabetic patients to comply with regular testing recommendations, resulting in favorable unit demand gains for complementary test strips and discs as well as supplies like lancets. These and other trends are presented in Disposable Medical Supplies in the US, 15th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Demand for blood glucose test strips is predicted to rise 5.1% annually to over $3.2 billion in 2022. The expanding volume of diagnosed diabetes cases and the increased compliance of patients with recommended testing guidelines will underlie gains. In addition, reimbursement rates for diabetes testing supplies are expected to remain stable over the next several years and not be subjected to a sharp cutback similar to the one imposed by the Medicare program in 2013.
US demand for all types of disposable medical supplies is projected to increase 4.1% per year to $66.6 billion in 2022. Aging demographics and evolving epidemiological trends will underlie gains by promoting a rise in the total volume of patient activity.
Disposable Medical Supplies in the US, 15th Edition (published 6/2018, 256 pages) is available for $5800 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected]
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