09-13-2017 07:38 AM CET - Leisure, Entertainment, Miscellaneous

Hospital Linen Supply and Management Services Market to Exhibit a CAGR of 2.40% Between 2016-2024

Press release from: TMR - Research Reports

The report published by TMR states that the international hospital linen supply and management services market stood at an evaluation of US$7.4 bn till recently and is predicted to reach US$ 9.1 bn toward the end of 2024. The market is expected to exhibit a healthy CAGR of 2.40% between the forecast duration 2016-2024. North America is prognosticate to be the leading region in the market while expanding at a 2.20% CAGR.

Perpetual Demand for Hospital Linen to Pivot Global Market

All over the world, the demand for hygiene and maintenance in healthcare institutions and hospitals in steadily increasing. With more and more people having a better spending ability and able to afford hospital care, and the rising geriatric population, a need for clean hospital linen is expected to increase each passing day. There are now stringent hygiene regulations in place in hospitals to reduce chances of contamination. Linen items such as bedsheets, pillowcases, blankets, bed pads, repositioners and cleaning accessories are required each day, sometimes multiple times as day. This number multiplied with the number of patients in and out of health care facilities through the day is a monumental amount, and the larger picture of the acute requirement of these utilities can be predicted.

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North America is foretold to exhibit dominance in the worldwide hospital linen supply and management market. On the account of rising demand of hospital linens, hygiene regulations, and state-of-the-art health care facilities have made North America the largest market share holder, and the trend is predicted to prevail in the coming years. Asia Pacific, with countries such as China and India, wherein healthcare is starting to recognize branding, is expected to witness substantial market growth as well.

Branding of Healthcare Services to Lead to Market Growth Opportunities

Rising interest for sanitary medicinal services and conveniences a pivotal factor propelling the global hospital linen supply and management services. Healthcare linen supplies incorporate surgical material, pillow-cases, warm covers, patient outfits, pediatric outfits, and scrubs. The growing use of health facility lines benefits everybody, as it is a viable cost controlling operation and it empowers patient fulfillment. Healthcare facilities, for instance, operation theaters and critical care units requests material supply frequently. Different mechanical headways, for example, expendable cloth and increasing hospital contaminations are propelling the development of worldwide healthcare linen supply market.

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Meanwhile, a number of hospitals are collaborating with third parties in order to capitalize on the growing requirement of linen supply. This is a pivotal factor that is expected to further fuel the market over the forecast duration. With chains of hospitals and health care facilities, spanning over countries and even the world. These brand chains are expected to offer unique services, with added values, and maintain standards across all their branches. Such advances in the business are expected to offer lucrative market opportunity to existing as well as new market participants.

Furthermore, the outsourcing of hospital linen supplies is witnessing a substantial increase in the past years. Addition of extra features, and services their offerings by top vendors is predicted to be a hit among the consumers, aiding in global market growth. The industry could face some challenges due to shortage of hospital linen supplies generally. This could lead to market inflation, and affect the market. However, emerging economies bring the promise of untapped potential that could act as further impetus to market growth and overcome the minor shortcomings.

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Numerous enterprises are vying to top the worldwide hospital linen supply and management services market. Set in a tremendously competitive environment, global market participants are expected to demonstrate the ability to lead the market through efficient quality control and expansion of their services. Transparency Market Research (TMR) recently authored a report on the market scenario, which mentions leading industry names, such as Angelic Corp., Testudo Linen Service, Healthcare Services Group, Synergy Health Plc and E-Town Laundry Co. The market is predicted to witness fierce contention between the key players, driven by the surging demand of hygiene sophistication in the healthcare and its associated businesses. Addition of exclusive and value added services to their portfolio, is expected to be adopted by market participants to gain foothold into the market.

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About TMR

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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