Medical Nonwoven Disposables Market Trends 2017, Industry Statistics, Forecast 2024
"Medical nonwoven disposables market to witness heavy surge via rising hospital acquired infection rate"
The report "Medical Nonwoven Disposables Market Size By Product [Hygiene (Incontinence Pads & Ostomy Liners, Panty Shield, Disposable Underwear, 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, Indonesia, Vietnam, Thailand, Malaysia, India, Pakistan, Iran, Brazil, Mexico, Saudi Arabia, UAE, Qatar, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" by Global Market Insights, Inc. says medical nonwoven disposables industry worth over USD 6.98 billion in 2015, is projected to record a CAGR of 7% over the period 2016-2024.
Sheer vulnerability to hospital acquired infections and rising cognizance about these diseases will boost the medical nonwoven disposables market. Geriatric population rise leading to urinary incontinence will offer lucrative avenues for the medical non-woven disposables industry.
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Advancements in healthcare technology such as peach mat absorbent core technology and micro encapsulation technology which helps high-level safety to incontinence patients and urine absorption respectively are expected to widen medical nonwoven disposables market size.
Emerging economics, growing awareness towards incontinence, and introduction of premium quality surgical and medical disposals have resulted in wide acceptance of non-woven disposal products.
Based on products, the global medical nonwoven disposables market is fragmented into disposables nonwoven hygiene products and disposables nonwoven medical products. The nonwoven disposables hygiene products industry is slated to surpass USD 6.5 billion by 2024, primarily driven by the growing prevalence of incontinence.
Medical supplies non-woven disposables include disposables surgical masks, caps, drapes, sterile nonwoven swab, and gowns. Disposables surgical drape segment dominated the medical supplies product landscape and is forecast to reach a revenue worth over USD 2.5 billion by 2024.
The expansion of global medical nonwoven disposables market can be credited mainly to three geographies, North America, Europe and Asia Pacific. US medical non-woven disposables industry worth over USD 2 billion in 2015 is anticipated to show substantial growth over the coming years, driven by the increasing demand for incontinence products by women and children. An estimation shows that approximately 28 million people in North America use incontinence disposables products of which women hold a larger share of 33% followed by 10% geriatric population.
Japan accounted for a major portion in the Asia Pacific medical non-woven disposables industry by contributing 47% of the total revenue in 2015 and is predicted to record a revenue worth USD 1.2 billion at an annual growth rate of 6.5% over 2016 to 2024.
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Europe led by Germany is expected to exhibit a widespread growth in the medical nonwoven disposables market, mainly owing to the stringent government norms put forth in these regions.
Market players are focusing on high-quality nonwoven disposables products with the ceaseless technological advancement. Notable participants in the nonwoven disposables market include Kimberly Clark Corporation, Inc., Svenska Cellulosa Aktiebolaget (SCA), and Covidien.
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