Medical Nonwoven Disposables Market is Expected to Reach $10.6 Billion, Globally, by 2020
Portland, OR -- (SBWIRE) -- 02/21/2018 -- The medical nonwoven disposables market is segmented into incontinence and surgical products. The nonwoven disposable underwear and disposable diapers market segments would register a double digit CAGR during the forecast period. A considerable demand for incontinence nonwoven disposable underwear is observed among the adult population suffering from incontinence. The surgical drapes and surgical gown segments collectively accounted for about two-third of the market share in the global surgical nonwoven disposable product market in 2014. The demand for these disposables is supplemented by their general application in surgeries.
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Medical Nonwoven Disposables Market is expected to garner $10.6 Billion by 2020, registering a CAGR of 9.6% during the forecast period 2015-2020.
The global medical nonwoven disposables market is a billion-dollar market and exhibits a significant growth rate.The market revenues would steadily increase over the next 4 to 5 years. The major factors that drive the growth of the medial nonwoven disposables market, globally, are the increasing count of aging population, improved healthcare infrastructure, rising per capita spending on healthcare, improving hygiene habits and favourable government regulations.
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Medical nonwoven disposables are used to prevent infection and maintain hygiene during the surgical procedures. This has given rise to the popularity of nonwoven disposables among clinicians. Coupled with increasing prevalence of hospital acquired infections (HAI), the medical nonwoven disposables market would grow at a healthy rate. In addition, rising per capita healthcare spending, stringent regulations for hygiene, and global increase in the count of population with incontinence would further boost the growth of medical nonwoven disposables market. However, disposal concerns and the growing popularity of minimally invasive and robotic assisted surgeries would impede the market growth of nonwoven medical disposables to a certain extent.
North America holds the largest market for medical nonwoven disposables owing to high consumption rate of advanced medical products, and a comparatively higher level of consciousness for hygiene. However, over the forecast period, Asia Pacific would emerge as the fastest growing region and would supersede North America market by 2020. China, particularly, is expected to drive the market growth in the Asia Pacific region. The CXOs opine that in future, the key for sustaining amidst an intensely competitive front and expanding prospects in the global market lies in improving the distribution channels and dynamically enhancing the product capacity.
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