Asia-Pacific Medical Nonwoven Disposables Market is Expected to Reach $3.3 Billion by 2020

Jun 27, 2016, 07:30 ET from Allied Market Research

PORTLAND, Oregon, June 27, 2016 /PRNewswire/ --

According to a new report by Allied Market Research, titled "Medical Nonwoven Disposables Asia-Pacific Market", the Asia-Pacific medical nonwoven disposables market is expected to grow at a CAGR of 12.1% from 2015 to 2020. In 2014, Surgical nonwovens segment accounted for about half of the Asia-Pacific medical nonwoven disposables market, largely due to the growing awareness for prevention of hospital acquired infections (HAI) and rising demand for sophisticated medical services.

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Asia-Pacific constitutes one of the most lucrative markets for medical nonwoven disposables. Large geriatric population, growing demand for advanced healthcare facilities and rising health and hygiene awareness among patients is boosting growth of the Asia-Pacific medical nonwoven disposables market. Medical nonwoven disposables are gaining popularity over woven products due to improved comfort, resistance to infections and economical nature. However, growing number of minimally invasive surgeries with lower requirement of surgical products and environmental issues related to disposal of nonwoven disposable products are primarily restraining the growth of the market.

In Asia-Pacific, surgical nonwoven disposable would be the leading revenue generating segment over incontinence nonwoven disposable. This is due the frequent usage of surgical nonwoven disposable in epidemic and pandemic outbreaks and mandatory application of surgical nonwoven disposables during surgical procedures.

Key findings of the study: 

  • The incontinence nonwovens segment would be the fastest growing segment in the Asia-Pacific market, primarily due to the increasing disposable income, rising prevalence of incontinence and increasing uptake of incontinence products
  • China was the leading contributor in the Asia-Pacific medical nonwoven disposable market, with around 1/3rd share in 2014
  • Disposable diapers segment is expected to garner about 50% share of Asia-Pacific Incontinence Nonwoven Disposables Market in 2020, due to the established market base and continued demand
  • Disposable underwear segment would be the fastest growing segment within Asia-Pacific Incontinence Nonwoven Disposables Market at a CAGR of 14.9% over the forecast period

China and Japan are the leading producer and consumer of medical nonwoven disposables accounting for about a third of the Asia-Pacific market revenue in 2014. Singapore, Thailand and India exhibits significant growth rate, owing to increasing trend of medical tourism activities and improving regulations towards health and hygiene.

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Leading companies are focusing on merger and acquisition, and product launch as their key development strategies in order to strengthen market share across Asia-Pacific region. Key players profiled in the report includes, Kimberly-Clark Corporation, Polymer Group Inc., Medtronic Inc., Molnlycke Health Care AB, First Quality Enterprises Inc., Svenska Cellulosa Aktiebolaget, Ahlstrom, Domtar Corporation UniCharm Corporation, and Freudenberg Nonwovens.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research