The global medical nonwoven disposable market is characterized by fragmentation with most players concentrating on catering to the needs of managing epidemics such as Ebola. The top three companies operating in the market held a share of 39.3% in 2015, states a new report by Transparency Market Research (TMR). These players are: Kimberly-Clark Corporation, Svenska Cellulosa, and Paul Hartmann AG. Players are focused on manufacturing disposables and thus, are investing in research and development. Players are also striving to achieve product differentiation and making great efforts to expand to other geographies to acquire larger share in the market. Strategic mergers and acquisitions are expected to be a part of their planning in order to expand their reach across geographies.
According to the research report, the global medical nonwoven disposable market is expected to rise from US$12.9 bn in 2015 to be worth US$18.4 bn by 2024, expanding at a 4% CAGR from 2016 to 2024. By product, the surgical products segment is anticipated to lead in the market and account for 52% of the market. On the basis of geography, the market is anticipated to be led by North America on account of the established medical or healthcare infrastructure and high level f awareness among patients. Also, favorable reimbursement policies are expected to drive the North American medical nonwoven disposable market to account for 39.2% by 2024.
Asia Pacific, Latin America, and the Middle East and Africa to Emerge as Lucrative Markets
Asia Pacific is also expected to make a great progress in the coming years in this market. Factors which are expected to drive the medical nonwoven disposable market in Asia Pacific include: growing medical awareness and increasing expenditure in healthcare by governments. Latin America shall also witness growth in the market on account of international trade development and improvement in the economy of the region. Government initiatives in the Middle East and Africa will also ensure the countries in these areas emerge as lucrative markets for medical nonwoven disposables.
Surge in Epidemic and Pandemic Diseases to Drive Demand for Medical Nonwoven Disposables
One of the biggest growth drivers for the global medical nonwoven disposable market is the tremendous rise in the elderly population and the vulnerability of this age class to fall prey to a number of diseases. The geriatric population also commands consistent care and thus, fuel the demand for medical nonwoven disposables. This market is also expected to be propelled by pandemic and epidemic diseases. Chikungunya, H1N1 virus, Ebola, and severe acute respiratory syndrome (SARS) are some of the epidemics in recent times, which have pushed the demand for medical nonwoven disposables.
Players in the market have developed products that have higher absorbency and anti-microbial properties. This is not only reducing cross contamination but has also led to t he growth of the market. “The increase in the number of initiatives taken by governments across the globe to reduce the risk of infections and improve healthcare technology is encouraging the growth of the global medical nonwoven disposable market,” says a TMR analyst. People today have a heightened awareness about hospital acquired infections. This in turn has created a need for using medical nonwoven disposables.
This review is based on Transparency Market Research’s report, titled “Medical Nonwoven Disposables Market (Product - Surgical Products (Drapes, Gowns, Caps, and Masks), Wound Dressings (Bandages, Tapes, Post-operative Wound Dressings, Dressing Pads, and Operative Wound Dressings), and Incontinence Products (Under Pad Diapers and Diapers); Material - Polypropylene, Polyethylene, Acetate, Rayon, Polyamides & Polyesters, and Acrylic; End Users - Hospitals, Nursing homes, Consumer & Home Healthcare, Clinics, and Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The global medical nonwoven disposables market is segmented as follows:
Global Medical Nonwoven Disposables Market Revenue, by Product type
- Surgical Products
- Wound Dressings
- Post-operative wound dressings
- Operative wound dressings
- Dressing pads
- Incontinence Products
- Under pads diapers
Global Medical Nonwoven Disposables Market Revenue, by Material
- Polyamides & Polyester
Global Medical Nonwoven Disposables Market Revenue, by End-Users
- Nursing Centers
- Ambulatory Surgical Centers
Global Medical Nonwoven Disposables Market Revenue, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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