World medical disposables demand to increase 6.6% annually through 2018
The Freedonia Group projects that world demand for disposable medical supplies will increase 6.6 percent yearly to nearly $245 billion in 2018. The upgrading and enforcement of infection prevention standards, coupled with an expanding volume of hospital, surgical, and outpatient procedures, will promote overall gains. The United States, China, Japan, Russia, Germany, France, Brazil, India, Italy, and the United Kingdom will comprise the 10 largest national markets, combining to absorb over two-thirds of the total value of global demand in 2018. During the forecast period (2013-2018), average annual growth in these markets will range from 3.6 percent in Japan to 15 percent in China.
By contrast, growth in Brazil, Russia, India, China and many other emerging economies will exceed the world average as health care sectors are expanded, modernized, and adapted to formal infection prevention protocols.
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Sol Millennium Medical Products Co., Ltd already has orders for Medigard's patented blood collection device. A new WHO policy on safety injection recommends the use of safety engineered injection devices for reuse prevention and sharps injury protection will be launched at the SIGN (Safety Injection Global Network) meeting in Geneva in December. Medigard Ltd director, Robert Krakowiak will accompany Liang Lin of Sol Millennium Medical Products Co., Ltd to that meeting.
The Sol Millennium sales team is excited and it is expected that sales of the device
will commence in March 2015.
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