Medical Nonwoven Disposables Market share to surpass $12bn by 2024
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.
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 in detail along with the table of contents:
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.
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Medical nonwoven disposables market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2012 to 2024, for the following segments:
Medical Nonwoven Disposables Market By Product
• Disposable nonwoven hygiene products
o Incontinence pads & ostomy liners
o Panty shield
• Disposable nonwoven medical supplies
o Surgical masks
o Surgical drapes
o Surgical caps
o Surgical gowns
o Sterile nonwoven swab
The above information is provided on a regional and country basis for the following:
• North America
• Asia Pacific
• Latin America
o South Africa
Browse Related Reports:
• Disposable Incontinence Products Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
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