Theater Linen Market Competitive Landscape & Growth Opportunities 2024

TMR estimates that the global theater linen for hospital market will exhibit a 5.8% CAGR over the period between 2016 and 2024. If the prediction holds true, the market will rise from a valuation of US$5,434.2 mn in 2015 to US$8,947.2 mn by 2024. Of the key materials utilized for manufacturing theater linen, the segment of disposable/single use materials acquired the dominant share and is expected to remain the most prominent material segment in the near future as well. From a geographic perspective, the market in Asia Pacific dominated the global market with a nearly 40% share in 2015.

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The market exhibits highly distinctive trends across different regions. Of the key regions for the market examined in the report, Asia Pacific accounted, with over 40% of the global market for healthcare applications in 2015, surpassed the valuation of the market in regions such as North America and Europe. The surge in demand for sophisticated and hygienic healthcare facilities is the prominent factor driving the theater linen market for healthcare application in Asia Pacific. Asia Pacific is also expected to remain the most attractive region over the forecast period.

Augmentation in foreign investments and favorable government policies are likely to provide significant growth opportunities for the Asia Pacific theater linen market for healthcare application during the forecast period. Growth in disposable incomes and purchase power parity have encouraged people to spend more on improved and sophisticated medical amenities in Asia Pacific. Demand for theater linen for healthcare application was high in China in Asia Pacific in 2015.

Europe and North America are the other two crucial regional markets for theater linen. Collectively, the regions held more than 40% of the global theater linen market for healthcare application in 2015. The theater linen market in these regions is estimated to expand at a fairly stable rate during the forecast period. The rising population in North America is expected to lead to a significant rise in demand for advanced health care facilities in the next few years. This, in turn, is projected to expand the theater linen market in North America over the forecast period.

The need for low capital investment has encouraged many small-scale vendors to foray into the market, further intensifying cost competition and increasing the bargaining power of buyers. Some of the market’s notable vendors are ImageFIRST Healthcare Laundry Specialists, Inc., Towel & Linen (Pty) Ltd, and Synergy Health PLC.

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