China and Japan are the leading producer and consumer of medical nonwoven disposables accounting for about a third of the Asia-Pacific market revenue in 2014. Singapore, Thailand and India exhibits significant growth rate, owing to increasing trend of medical tourism activities and improving regulations towards health and hygiene.
Portland, OR -- (SBWIRE) -- 06/13/2017 -- Asia-Pacific Medical Nonwoven Disposables Market Report, published by Allied Market Research, forecasts that the market is expected to garner $3,374.9 million by 2020, registering a CAGR of 12.1% from 2015-2020. In 2014, surgical nonwovens segment accounted for about half of the Asia-Pacific medical nonwoven disposables market, largely due to the growing awareness for prevention of hospital acquired infections (HAI) and rising demand for sophisticated medical services.
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Asia-Pacific constitutes one of the most lucrative markets for medical nonwoven disposables. Large geriatric population, growing demand for advanced healthcare facilities and rising health and hygiene awareness among patients is boosting growth of the Asia-Pacific medical nonwoven disposables market. Medical nonwoven disposables are gaining popularity over woven products due to improved comfort, resistance to infections and economical nature. However, growing number of minimally invasive surgeries with lower requirement of surgical products and environmental issues related to disposal of nonwoven disposable products are primarily restraining the growth of the market.
In Asia-Pacific, surgical nonwoven disposable would be the leading revenue generating segment over incontinence nonwoven disposable. This is due the frequent usage of surgical nonwoven disposable in epidemic and pandemic outbreaks and mandatory application of surgical nonwoven disposables during surgical procedures.
Key Findings of Asia-Pacific Medical Nonwoven Disposables Market:
-The incontinence nonwovens segment would be the fastest growing segment in the Asia-Pacific market, primarily due to the increasing disposable income, rising prevalence of incontinence and increasing up take of incontinence products
-China was the leading contributor in the Asia-Pacific medical nonwoven disposable market, with around 1/3rd share in 2014
-Disposable diapers segment is expected to garner about 50% share of Asia-Pacific Incontinence Nonwoven Disposables Market in 2020, due to the established market base and continued demand
-Disposable underwear segment would be the fastest growing segment within Asia-Pacific Incontinence Nonwoven Disposables Market at a CAGR of 14.9% over the forecast period.
Leading companies are focusing on merger and acquisition, and product launch as their key development strategies in order to strengthen market share across Asia-Pacific region. Key players profiled in the report includes, Kimberly-Clark Corporation, Polymer Group Inc., Medtronic Inc., Molnlycke Health Care AB, First Quality Enterprises Inc., Svenska Cellulosa Aktiebolaget, Ahlstrom, Domtar Corporation UniCharm Corporation, and Freudenberg Nonwovens.
Summary of the report can be accessed on the website at:
https://www.alliedmarketresearch.com/asia-pacific-medical-nonwoven-disposables-market
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