Healthcare Fabrics Market Outlook 2019 - Growth Drivers, Opportunities and Forecast Analysis to 2025
Healthcare fabrics are one of the rapidly expanding sectors in the medical textile market. The rise in healthcare and medical facilities in the emerging countries has further contributed for the market growth. Moreover, growing government initiatives in developing economies will increase the demand for healthcare fabrics. For instance, the Central Govt. of India have taken various business-friendly decision like make in India, skill India, and digital India to increase the adoption if healthcare fabrics. These government initiatives has put a lot of positive impact on various business sectors including the textile industry. Furthermore, increase in the duty drawback rates in India has helped the exporters face the competition in the overseas market. However, marginal decease in duty drawback rates might hamper the market growth.
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The polyester material segment is expected to witness a significant revenue share in 2018 and is projected to follow a similar trend during the forecast period. This is due to the growing adoption of healthcare fabrics due to polyester materials durability and low linting characteristics. These material properties contribute to a segmental revenue share.
The hygiene application segment marked a significant revenue share in 2018 and is projected to follow a similar trend during the forecast period. This is majorly due to the increasing consumption of sanitary napkins and baby diapers across the globe. The hygiene products are not directly used in medical treatment but are majorly used for healthcare and good hygiene applications like surgical clothing, beddings, sanitary napkins, wipes, surgical covers, and others.
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The non-woven fabric segment is expected to witness significant growth during the forthcoming years. This is due to the improvements in medical technology which has proved the non-woven fabric to be superior over other fabrics in terms of adaptability, disposability, effectiveness, and cost. Non-woven fabric offers effective barriers against bacteria, thus making it possible to dispose of potentially contaminated items. Properties like good tissue growth, low parameter elongation, good absorbency, and control of permeability have made non-woven fibers to be used in implantables. Presently, the non-woven fabric has effectively replaced traditional barrier-rendering and aseptic medical fabrics.
Hospital end-use segments should witness significant growth during the forthcoming years owing to the increasing transmission of infectious disease in hospitals. This has led to the adoption of various parameters to reduce transmission. Due to the increasing number of hospital admissions, healthcare fabrics are majorly used in the hospital to inhibit the spread and growth of the bacterial disease.
Asia Pacific healthcare fabrics market is anticipated to grow rapidly over the coming years. This is majorly due to the increasing production of fabrics in India. People are getting inclined to using more discrete, thinner, and higher performance products. These trends are majorly driven from a more affluent and physically active segment of the population. Besides this, healthcare fabrics are a mature market in developed economies and are growing at a rapid pace in developing regional markets of China and India. Also, increasing the need for assisted care and incontinence products is further driving the regional market growth.
Some of the major notable players operating in the healthcare fabrics include Knoll, Inc, Designtex, Herman Miller, Standard Textile, Paramount Tech Fab Industries, Kimberly-Clark Corporation, Brentani, Arc-Com, Avgol Industries 1953 Ltd., and Architex International. The market players are indulging in activities like mergers and acquisitions to increase their market share in the overall market. In 2013, Herman Miller acquired Maharam Fabric Corporation, a global provider of high-quality interior textiles for healthcare, commercial, and residential interiors.
o Knoll, Inc
o Herman Miller, Inc.
o Standard Textile Co., Inc
o Paramount Tech Fab Industries
o Kimberly-Clark Corporation
o Brentani Inc.
o Avgol Industries 1953 Ltd.
o Architex International
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