Healthcare Fabrics Market to Grow with a CAGR of 7.33% through 2028
Surge in
research and development activities is expected to drive the Global Healthcare
Fabrics Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “Healthcare Fabrics Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Healthcare Fabrics Market stood at USD 17.72 billion in 2022 and is
anticipated to grow with a CAGR of 7.33% in the forecast period, 2023-2028. The
initiatives taken by government based on Healthcare Fabrics has led to
favorable market conditions for the Global Healthcare Fabrics Market. Several
factors contribute to the growth of various Healthcare Fabrics products.
The healthcare
fabric market is experiencing substantial growth, largely propelled by specific
initiatives undertaken by governments. One such example is the remarkable
expansion of the healthcare fabric market in Saudi Arabia, driven by the
proactive efforts of the government. Additionally,
the growth of the healthcare fabrics market can be attributed to the increasing
focus on research and development by governments and key players in the
industry. These concerted efforts are instrumental in driving innovation and
further fueling the expansion of the healthcare fabrics market.
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"Healthcare Fabrics Market”
There's a
rapidly growing interest in non-woven fabrics, driven by their exceptional
versatility and cost-effectiveness across various industries. One such type,
polypropylene, has gained significant popularity in the healthcare sector. Its
remarkable ability to create a barrier against bacteria and viruses has made it
an ideal choice for medical applications.
Furthermore, as
sustainability becomes an increasingly important focus, researchers are
actively conducting studies to develop eco-friendly healthcare fabrics. These
innovative solutions aim to maintain the functionality and efficiency of
traditional materials while minimizing their environmental impact. By combining
sustainability and performance, the healthcare industry can continue to
prioritize both patient care and the planet.
Global
Healthcare Fabrics Market is segmented into raw material, fabric type,
application, regional distribution, and company
Based on its
fabric type, the Non-Woven Fabrics segment held the largest share in the
market. The demand for non-woven healthcare fabrics has experienced a
significant surge as a result of the global impact of the COVID-19 pandemic.
The urgent need for face masks, personal protective equipment, and gowns to
safeguard against the coronavirus outbreak has propelled the growth of this
segment. To ensure the safety and well-being of individuals, governments
worldwide have implemented strict regulations mandating the use of these
essential products, which has further contributed to the positive growth of
this industry. Looking ahead,
the knitted healthcare fabrics segment is poised for remarkable growth over the
forecast period. Knitted fabrics, known for their superior effectiveness and
efficiency compared to woven healthcare fabrics, offer enhanced comfort and
flexibility. This has led to increased focus on research and development
activities, aiming to further enhance the quality and functionality of knitted
healthcare fabrics, thereby supporting the expansion of this segment. The
continuous advancements in this field are set to revolutionize healthcare
fabric technology and contribute to the overall improvement of patient care and
safety.
Based on region,
Europe segment is expected to grow during the forecast period. In the Europe
region, the healthcare fabrics market is primarily dominated by the UK,
Germany, and France. This can be attributed to several factors, including the
expansion of the healthcare industry, a rise in the number of cosmetic
surgeries being performed, and the growing population of the elderly. These
factors collectively contribute to the overall growth and development of the
healthcare fabrics market in Europe.
Major companies operating
in Global Healthcare Fabrics Market are:
- Kimberly-Clark
Corporation
- Berry
Global Group Inc.
- Freudenberg
& Co KG
- Ahlstrom
Munksjo OYJ
- Asahi
Kasei Corporation
- Knoll
Inc.
- Eximus
Corporation
- Paramount
Molded Products Inc
- Avgol
Ltd.
- Carnegie
Fabrics LLC
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“Growing
application of Healthcare Fabrics in various end user industries are key
drivers of the Healthcare Fabrics Market. Growth in competitive landscape and
presence of well-established companies in the market who are dedicated to
enhance their productivity of Healthcare Fabrics with every passing year are
anticipated to register an impressive growth to Global Healthcare Fabrics
Market in the forecast period.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Healthcare Fabrics Market By Raw Material
(Polypropylene, Viscose, Cotton, Polyester, Others), By Fabric Type (Woven
Fabrics, Non-Woven Fabrics and Knitted Fabrics), By Application (Dressing
Products, Hygiene Products, Blanket & Bedding, Upholstery, Privacy
Curtains, Others), By
Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated the future growth
potential of Global Healthcare Fabrics Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and opportunities
in Global Healthcare Fabrics Market.
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