Global Medical Nonwoven Disposables Market to Reach $12 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
A range of factors are driving the global market for medical nonwoven disposables, including rapid advancements in the nonwovens production technology, increase in surgical procedures, and robust growth in European and developing countries. The global medical nonwoven disposables market is projected to reach $12 billion by the year 2010, growing at a compounded annual rate of over 4% during the 2000-2010 period.
San Jose, CA (PRWEB) March 19, 2008
With increase in range of infectious diseases and regulations put into effect in healthcare and hospital facilities, nonwovens has emerged as a goldmine for roll manufacturers fuelled by consumer demand. Nonwoven disposables are rapidly making inroads into the medical sector, principally driven by growing consumer awareness against spread of infectious diseases such as AIDS and Hepatitis. The stringent standards being imposed by various regulatory agencies globally are also impacting the use of nonwovens positively. Though the medical market is increasingly moving towards non-invasive surgeries, overall impact on the nonwoven disposables market remains miniscule. Not surprisingly, nonwovens industry is witness to developments of new manufacturing, compound and finishing processes. Consumer demand higher protective apparel largely influences production of nonwoven materials.
United States is the largest medical nonwovens market (http://www. strategyr. com/Medical_Nonwoven_Disposables_Market_Report. asp) in the world and is projected to exceed $3.4 billion by the year 2010, as stated by Global Industry Analysts, Inc. With volume of sophisticated hi-tech surgical intervention growing rapidly, Europe is projected to experience high growth in medical nonwovens sector in the coming years. Alternatively, Asia-Pacific offers massive potential in the long run largely driven by some of the fastest growing global economies, including China and India. A large consumer base in these countries coupled with improving healthcare system and safety awareness bodes well for the medical nonwovens disposables market. Asia-Pacific is the fastest growing medical nonwovens market and is projected to register a CAGR of more than 5% during the 2000-2010 period.
Medical nonwoven disposables market is witnessing exuberant growth and manufacturers are vying to tap this immense opportunity available in the market. Nonwoven disposables forms a part of variety of medical applications, including the manufacture of surgical packs, sterilization packaging, protective footwear, facial masks, hospital beddings, linens, towels, drapes, gowns, and gloves among others. About 3.3 billion square yards of nonwoven material is used in medical and surgical applications in North America alone. This indicates the potential of the market lying ahead and opens up newer avenues for the producers. Aging population worldwide is also fueling demand for medical nonwovens disposables. The old age is characterized by increased incidences of acute diseases, necessitating the need for more number of surgical procedures. Nonwovens disposables are more preferred in such procedures due to higher safety and usage convenience. As the population of old people continues to grow alarmingly throughout the world, surgical procedures using nonwoven disposables such as surgical gloves, masks, and adult diapers are also expected to multiply.
Among product segments, surgical nonwoven products market (http://www. strategyr. com/Medical_Nonwoven_Disposables_Market_Report. asp) is the largest and the fastest growing segment and is projected to cross $5.0 billion by the year 2010, at a CAGR of about 5%. Though the medical nonwovens disposable market offers significant growth prospects, few hurdles do exist that are likely to pose as a constraint to market growth. The continuing slowdown in the fiber industry on which the nonwovens market is largely dependent could restrain the market from rapidly achieving its potential. The issue of proper comprehension of nonwovens disposable applications in medical industry among consumers in various countries is also likely to influence the market. Countries with low awareness about the product's medical usages would experience low market development, thereby limiting the overall market growth.
The report titled "Medical Nonwoven Disposables: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, growth drivers, demographic trends, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by the following product segments - Incontinence Products, Surgical Nonwoven Products, and Medical Nonwoven Supplies.
Key players dominating the global medical nonwoven disposables market include Ahlstrom Corporation, Asahi Kasei Corporation, Attends Healthcare Products, Buckeye Technologies, Covidien, EI. DU PONT DE NEMOURS AND CO. (DUPONT), Fiberweb Plc, Freudenberg Nonwovens, Hogy Medical, Kao Corporation, Kimberly-Clark Corporation, Medline Industries, Mölnlycke Health Care, Nissan Medical Industries, Polymer Group, Precision Fabrics Group, SCA Hygiene Products, THE HARTMANN GROUP, and UniCharm Corporation.
For more details about this research report, please visit http://www. strategyr. com/Medical_Nonwoven_Disposables_Market_Report. asp (http://www. strategyr. com/Medical_Nonwoven_Disposables_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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