Latex probe cover market

Latex Probe Cover Market, by Type (Disposable and Reusable), by Application (Endocavity Probe Covers, Ultrasound Probe Covers, Transrectal and Transvaginal Probe Covers, General Purpose Probe Covers, and Other), by End User (Hospitals, Ambulatory Surgical Centers, Clinics, and Diagnostic Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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May 2020
CMI3822
165 Pages
Excel & Pdf
Medical Devices

Summary

A probe cover is a physical barrier that is designed to prevent cross-contamination during medical examination such as transrectal and transvaginal ultrasound. Moreover, probe covers aids in reducing the risk of hospital-acquired infections by protecting patients and staff from cross-contamination. Probe covers are available in different shapes. Probe covers are made of latex, in order to provide safe diagnostic technique. The probe covers are rounded at the end, which help the probes to navigate the area of examination.

The demand for ultrasound has increased in the recent years due to increasing prevalence of cardiovascular diseases, urinary tract infections, and cancer, globally, which is expected to drive growth of the latex probe cover market over the forecast period.

The global latex probe cover market is expected to be valued at US$ 552.7 million in 2020 and is expected to exhibit a CAGR of 7.2% over the forecast period (2020-2027).

Figure 1. Global Latex Probe Cover Market Share (%) in terms of Value, By Region, 2019

Increasing incidence of hospital acquired infections is expected to propel the market growth over the forecast period

Increasing incidence of hospital acquired infection is expected to propel the market growth over the forecast period. For instance, according to the data published in the American Journal of Infection Control in 2018, around 5% to 47% cases of high level disinfection or sterilization in invasive procedures was reported in the U.S., which may increase the risk of hospital acquired infections such as hepatitis B, human papilloma virus, and other bacterial infections. To overcome this situation, the Centers for Disease Control and Prevention (CDC) and the American Institute of Ultrasound in Medicine (AIUM) have provided ultrasound specific guidelines, which state that probe covers should be used to reduce the risk of infection.

Figure 2. Global Latex Probe Cover Market Share (%), by Application, 2020

Increased prevalence of cardiovascular diseases is expected to drive the market growth over the forecast period

Increasing demand of ultrasound procedures by hospitals and clinics due to high prevalence of cardiovascular diseases is expected to drive the latex probe cover market over the forecast period. For instance, according to the statistics estimated by the Centers for Disease Control and Prevention in December 2019, around 647,000 deaths occur every year due to heart disease in the U.S.

Latex Probe Cover Market Restraint

Many people suffer from latex allergy, which is expected to restrain latex probe cover market growth over the forecast period. For instance, in March 2016, the National Center for Biotechnology Information published an article, which states that around 5% healthcare workers suffered from latex allergy in the U.S.

Key Players

Major players operating in the global latex probe cover market include Cardinal Health, Inc., Parker Laboratories, Inc., Hartalega Holdings Berhad, Dynarex Corporation, Braun Melsungen AG, McKesson Medical-Surgical Inc., and CIVCO Medical Solutions

Table of Content

Table of Contents

*Browse 27 market data tables and 26 figures on "Latex Probe Cover Market” - Global forecast to 2027

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- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the market during the forecast period (2020-2027)?

The global latex probe cover market size is expected to be valued at US$ 552.76 million in 2020 and is expected to exhibit a CAGR of 7.2% between 2020 and 2027.

What are the major drivers for latex probe cover market?

The increasing prevalence of cardiovascular diseases and cancer, increasing incidence of hospital acquired infections, and guidelines for ultrasound procedures provided by regulatory authorities and healthcare organizations are driving the latex probe cover market growth.

Which is the leading application segment for the demand of latex probe cover market?

Ultrasound probe covers segment held major market share in 2019, owing to increasing prevalence of cardiovascular diseases (CVD) during the forecast period.

Which region held the largest market share in the latex probe cover market?

North America latex probe cover market is expected to generate highest revenue share during the forecast period

What are the key factors hampering the growth of the market?

Major factors hampering the growth of the market include people suffering from latex allergy.