New York - The Medical nonwoven disposables market is projected to reach $14,134 million by 2025, growing at a CAGR of 7.4% from 2018 to 2025.
The new report from Allied Market Research notes that the market value of the sector in 2017 was $7,910 million with the surgical product segment accounting for more than half of the total market share.
The surgical product segment is also expected to maintain this dominance throughout the forecast period. This is attributed to the increased use of surgical products in hospitals, clinics, and other medical services to inhibit contaminations and avoid infection transmissions.
However, the incontinence segment is expected to register the highest growth rate during the forecast period, owing to rise in demand for disposables incontinence products such as disposable underwear, panty shield, cotton pad, and others.
Overall, growth in the sector is augmented by developments in nonwovens production technology, a rise in focus towards preventing hospital acquired infections (HAIs) and the production of high-quality fabrics for safety purposes provided by nonwoven material. Moreover, a significant increase in geriatric population, government regulation toward health and hygiene, and rise in health awareness will further boost market growth.
The report also notes, however, that concerns regarding the disposable of nonwoven products and the increase in popularity of less-invasive surgeries are anticipated to hamper the market growth.
North America was the leading revenue contributor to the global market in 2017, owing to presence of high demand for incontinence products along with a well-established healthcare infrastructure and technological advancements in patient care. Asia-Pacific is expected to witness the highest growth rate throughout the forecast period, due to increase in baby boomer population, upsurge in disposable income, and rise in patient awareness toward incontinence products.