USD 18.2 billion
Report ID:
SQMIG35B2084 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
128
|Figures:
77
Healthcare Fabrics Market size was valued at USD 18.2 billion in 2019 and is poised to grow from USD 19.47 billion in 2023 to USD 33.46 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
Healthcare fabrics are made primarily to reduce the risk of contamination and to slow the spread of infections and diseases on the fabric. Healthcare fabric, also known as medical fabric, is primarily used for medical or healthcare applications and is usually produced by the application of medical science to textile technology.
The need for better and more convenient wound dressing components, rising use of non-woven fabrics in the healthcare sector, rising demand for high-quality wound modifying, rising consumer awareness of hygiene, improving quality of healthcare fabrics, and growing investments in healthcare facilities are all factors that contribute to the market growth. In addition, growing research and development efforts, changing customer preferences toward eco-friendly products, and expanding medical science and textile industry improvements will all contribute to the development of new market opportunities for the market growth.
However, among other items, the use of female hygiene products has an increased carbon footprint, and there are more options available than ever before. In addition, the market will face additional difficulties during the forecast period from the sale of counterfeit healthcare clothing and accessories.
US Healthcare Fabrics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 18.2 billion
Largest Segment
Polypropylene
Fastest Growth
Polypropylene
Growth Rate
7% CAGR
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Global Healthcare Fabrics market is segmented on the basis of Raw Material, Fabric Type, Application, End-use, and region. By Raw Material, the market is segmented into Polypropylene, Cotton, Polyester, Viscose, Polyamide, and Others. By Fabric Type, the market is segmented into Non-woven, Woven, Knitted. By Application, the market is segmented into Hygiene Products (Sanitary Napkins, Baby Diapers, Adult Diapers), Dressing Products, Clothing, Blanket & Bedding, Upholstery, Privacy Curtains, and Others. By End User, the market is segmented into Hospitals, Private clinics, Nursing homes, Ambulatory surgical centers, Other. The market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America as according to region.
Healthcare Fabrics Market Analysis by Raw Material
Global healthcare fabrics market will be dominated by the polypropylene segment in 2021. The popularity of polypropylene has increased as a result of ongoing developments in medical and textile technologies. Disposable high-quality non-woven fabrics have the greatest potential for usage in hygiene and medical applications, such as patient protective clothing and infection-free surgical drapes. During the forecast period, the cotton segment is anticipated to grow at the fastest rate. Cotton is perfect for use in healthcare due to a variety of features. With all three of the fundamental sterilizing techniques—steam, ethylene oxide, and gamma ray are gentle, absorbent, and safe to use. In its simplest form, as a fabric composite made entirely of cotton, cotton can be used in the healthcare industry.
Healthcare Fabrics Market Analysis by Application
In 2021, global healthcare fabrics market was dominated by the hygiene goods segment. Under the category of hygiene products are items like robes, hats, face masks, pads, and sanitary napkins. Governments both in developed and developing nations are making major investments in the development of healthcare infrastructure. The growth of hygiene products in the global market has been negatively impacted by this. During the forecast period, the dressing products segment is expected to expand at the fastest rate. Accidents are significantly increasing the demand for dressing items. The patient's stitches and wounds are protected by the dressing supplies. These products also help to alleviate pain and swelling in the part of the body that is affected.
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North America dominated the global healthcare fabrics market in 2021 due to the region's phenomenal growth in end-use sectors such as implantable, healthcare, and hygiene goods, The market is expected to be driven by government funding, aging and growing diabetic population, and increased knowledge of cutting-edge solutions for wound care. Due to technological advancements that boost patient and provider confidence and a dearth of alternative therapies for accidents, chronic illnesses, and injuries, implantable devices make up the majority of the U.S. medical textiles market. American healthcare fabric companies have worked hard to improve their current products in order to provide with a competitive advantage. It is projected that the region's high rates of hospital infections, cardiovascular diseases, expanding aging-related concerns, and favorable regulatory environment will boost demand for medical textiles during the course of the projection period.
Due to the increasing demand for better and more practical wound dressing materials, the growing use of non-woven fabrics in the healthcare sector, the rising demand for high-quality wound dressing materials, rising consumer awareness of hygiene, and the region's improved healthcare fabric quality, Asia-Pacific currently dominates the global market.
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Healthcare Fabrics Market Drivers
Growing number of government initiatives
Raising awareness of hygienic products among customers
Healthcare Fabrics Market Restraints
Growing number of government initiatives
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The market's top players employ tactics like introducing new product lines, increasing production capacities by establishing new production facilities, partnering with PPE manufacturers and healthcare organizations, and acquiring small-scale competitors in various nations to expand their businesses' product and geographic reach. This would assist them in maintaining their position in the market and gaining a competitive edge over other players.
Healthcare Fabrics Market Top Player’s Company Profiles
Healthcare Fabrics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global healthcare fabrics market analysis, during the forecast period, the market is anticipated to expand at a CAGR of over 8%. One of the principal elements fueling the demand is the increasing use of cellulose fibers in healthcare applications. However, lack of consumer awareness is likely to harm the market. Asia-Pacific commanded a significant share of the market and is anticipated to maintain this strong position all through the forecast period. Due to the growing number of uses in developing countries, the non-woven fabric segment has dominated the market.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 18.2 billion |
Market size value in 2031 | USD 33.46 billion |
Growth Rate | 7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Healthcare Fabrics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Healthcare Fabrics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Healthcare Fabrics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Healthcare Fabrics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35B2084
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