Medical Nonwoven Disposables Market size to exceed $12bn by 2024: Global Market Insights, Inc.

Medical Nonwoven Disposables Market size is estimated to reach USD 12.9 billion by 2024; as per a new research report by Global Market Insights, Inc.

Increasing number of hospital acquired infections, growing geriatric population consequently leading to incontinence should boost demand by widening patient base. Presence of extensive international standards for use of nonwovens should be a key industry trend.

Introduction of technologically advanced features such as the micro-encapsulation technology to absorb urine and odor in disposable incontinence pads and launch of Peach Mat absorbent core technology, which provides highly safe and appropriate treatment and protection to the incontinence patients will fuel industry growth.

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Growing awareness levels and increased expenditure in emerging regions along with introduction of favorable government reforms will encourage the use of these products in hospitals. Increasing incidence of incontinence and adoption of advanced products will significantly drive the global medical nonwoven disposables market size.

Hygiene products segment dominated the industry with over 47% of medical nonwoven disposables market share in 2015. Growing unmet medical needs and rising prevalence of incontinence coupled with improving public awareness levels regarding product use will stimulate demand for hygiene products.

U.S. medical nonwoven disposables market size was over USD 2.0 billion in 2015. APAC will gain industry share throughout the forecast timeframe owing to the increasing geriatric population base, growing geriatric population base and improving healthcare infrastructure in the emerging markets.

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Japan and China will drive industry growth because its large geriatric population base. Moreover, growing acceptance of incontinence products and rise in number of hospital acquired infections should propel medical nonwoven disposables market growth.

Browse key industry insights spread across 105 pages with 56 market data tables & 10 figures & charts from the report, “Medical Nonwoven Disposables Market Size By Product [Hygiene (Incontinence Pads & Ostomy Liners, Disposable Underwear, Panty Shield, Disposable Diaper {Ultra-Absorbent, Super-Absorbent, Gender-Specific, Biodegradable, Regular Diapers}, Medical Supplies (Disposable Surgical Mask, Surgical Drape, Cap, Gown, Sterile Nonwoven Swab)], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, China, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:

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Key insights from the report include:

• Global medical nonwoven disposables market size was pegged at USD 6.9 billion in 2015, and anticipated to reach USD 12.9 billion by 2024, at an estimated CAGR of 7% from 2016 to 2024.

• The incontinence pads and ostomy liners segment accounted for 31% of medical nonwoven disposables market share, while disposable diapers is predominantly driven by gender-specific diapers segment.

• The disposable medical supplies market share was dominated by surgical drapes with target market size forecast to reach over USD 2.5 billion by 2024.

• European medical nonwoven disposables market size was dominated by Germany by accounting for 23.5% of the revenue share in 2015.

• Japan medical nonwoven disposables market share accounted for over 47% in 2015 and should grow at 6.5% over the forecast period to exceed 1.2 billion by 2024.

• The bargaining power of buyers is expected to remain at a moderate level due to availability of large variety of products making it easier for customers to switch brands. However, introduction of innovative products should keep the bargaining power of buyers in check.

• The key industry players include Covidien, Kimberly-Clark Corporation and Svenska Cellulosa Aktiebolaget (SCA). The other market participants include First Quality Enterprises, Domtar Corporation, Polymer Group and Mediline Industries.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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