Medical Nonwoven Disposables Market Hits USD 10.05 Billion By 2020: By Grand View Research, Inc.
Global Medical Nonwoven Disposables Market is expected to reach USD
10.05 billion by 2020, according to a new study by Grand View Research, Inc.
Increasing prevalence of hospital acquired infections and other infections such
as hepatitis and AIDS, and the introduction of favorable initiatives and reforms
promoting the use of nonwoven in government hospitals are some factors expected
to drive the medical nonwoven disposables market growth during the forecast
period. Rapidly growing geriatric population base is another high impact
rendering driver for the medical nonwoven disposables market as aging is
considered as one of the greatest risk factor for the development of
incontinence. Furthermore, people of this age group are more likely to accept
their symptoms and use incontinence products.
The hygiene products segment in
the medical nonwoven disposables market is expected to grow at a lucrative rate
of over 7.0% during the forecast period. The lucrative growth of this segment
can be attributed to the growing prevalence of incontinence and the presence of
high unmet medical needs pertaining to this segment. Constantly improving
patient awareness levels and the introduction of new and efficient products is
expected to drive segment growth during the forecast period. Hygiene
disposables are also expected to witness a growth in usage rates over the next
six years, owing to the introduction of cost effective products such as cheap
non woven ostomy liners.
Global medical nonwoven
disposables market, by product, 2012 - 2020 (USD Million)
Browse full research report on
Medical Nonwoven Disposables Market
Further key findings from
the report suggest:
- Disposable
diapers are expected to grow at a lucrative rate during the forecast
period. Rising patient awareness levels pertaining to incontinence and the
advantages offered by related products are some key factors attributing to
the growth of this segment.
- North America
was the most mature regional market in 2013, accounting for over 35.0% of
revenue. High prevalence of incontinence is the most significant growth
driver of this market. Furthermore, presence of sophisticated healthcare
infrastructure, high patient awareness levels are some factors attributing
to the high demand for medical nonwoven disposables in the region.
- Asia Pacific
is identified as the most lucrative medical nonwoven disposables regional
market. Rapid improvement in healthcare infrastructure and the presence of
high unmet needs in the emerging markets of China and India are some
factors expected to present manufacturers with lucrative future growth
opportunities.
- Some key
players of manufacturing medical nonwoven disposables include Svenska
Cellulosa Aktiebolaget (SCA), Kimberly-Clark, and Covidien.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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