Asia-Pacific Medical Nonwoven Disposables Market 2020: Comprehensive Analysis and Future Estimations with Top Key Players
"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.
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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.
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.