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Healthcare Fabrics Market, Size, Share, Outlook and Growth Opportunities 2019-2026

Market Overview

  • The Global Healthcare Fabrics Market is expected to grow at a high CAGR during the forecasting period (2019-2026).
  • Healthcare fabric has its main applications in the healthcare and medical sector. It can be reused and is cost effective. It is used for baby and adult diapers, adult sanitary products, operating gowns, wipes, operating drapes, sterilization packs, sutures. It is also used for blood flow prevention, chronic, wound prevention, wound care, and for wound dressing. Countries like India and China have started supporting and providing various schemes to encourage the healthcare and medical fabric market. For instance, Indian Government have allocated USD 28 million for healthcare fabrics segment.

 

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Market Dynamics

  • Increasing demand for convenient wound dressing material and rising usage of non-woven fabrics in healthcare industry are the major driving factors for the market growth worldwide. High absorbing capability of liquids, strength, stretch ability, softness, and price are the foremost qualities for the usage of non-woven fabrics in healthcare industry. Developing the quality of healthcare fabrics and rising user approachability about cleanliness are expected to drive the growth of healthcare products in the estimated period. Polypropylene and polyester are the few key types of non-woven fabrics. In North America, these nonwoven-based products account for 90% of all surgical drapes and 95% of all surgical gowns due to various advantages of non-woven fabrics over knitted fabrics and woven fabrics.
  • The growing investments in healthcare facilities are driving the growth of PET nonwoven fabrics in the emerging countries. For instance, in July 2019, Flare Capital Partners, has invested USD 255 million in committed capital healthcare. Companies are concentrating to develop the products with new innovations. For instance, Freudenberg Performance Materials’ has developed nonwovens and polyurethane foams to the medical and wound care industry for more than three decades. It has recently introduced several innovations. Among them are multilayer foam-nonwovens components with superabsorbent nonwovens.
  • Lack of awareness of personal hygiene in developing economies is the major restraint hampering the growth of the market worldwide.

 

Segment Analysis

  • By material, the healthcare fabrics market is segmented into polyethylene, polypropylene, cotton, polyester and others. Others include polyamide and viscose. The Healthcare Fabrics market size by material was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Polyester segment is expected to grow with high CAGR in the forecast period due to its great performance at reasonable cost. Fabrics made out of polyester have high tensile strength and very strong.
  • The demand for polyester segment is expected to increase owing to its chemical resistant, abrasion-resistant, wrinkle-resistant and also highly durable. In March 2017, Precision Fabrics Group Inc. developed DermaTherapy, bedding products that include sheets, pillowcases and under pads with fabric technology that provides a cleaner and drier, hypoallergenic lint-free sleep surface. DermaTherapy bedding is a vast improvement over products using polyester and cotton.
  • By type, the market is segmented into knitted fabrics, woven fabrics and non-woven fabrics. The Healthcare Fabrics market size by type was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Non-woven fabrics are used in several cleanness products extending from baby diapers, to adult products. Non-woven fabrics are used as a substitute to traditional materials owing to their smoothness, strength, exceptional absorption properties, and cost effectiveness when compared with other type of fabrics. Studies have shown the benefits of nonwovens compared to reusable materials, as nonwoven-based products are more likely to reduce instances of infection and lessen the opportunity for cross-contamination.
  • For decades, Ahlstrom-Munksjö has been developing nonwoven medical and healthcare fabrics that are used for surgical gowns, protective apparel, sterilization wraps, drapes, face masks and coveralls. Adding to this, Jacob Holm Group is a leading innovator of spunlace nonwoven fabrics and finished goods. Their nonwovens can be found in markets ranging from hygiene and consumer wipes to health care and skin care and industrial cleaning under the Sontara, Sontara Beauty, SoftFlush and SoftLite brands.
  • By application, the market is segmented into dressing products, clothing, hygiene products, wall coverings, privacy curtains, bedding and blankets and others.

 

Geographical Analysis

  • The Europe healthcare fabrics market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. In Europe, the healthcare sector is growing in a tremendous way. It is one of the foremost markets for healthcare fabrics market. Structural changes executed in the healthcare systems in European countries have boosted the healthcare fabrics market in the region. U.K, Germany, Italy and France are expected to grab major share for the healthcare fabrics market in Europe.
  • Adding to this, increasing investments in healthcare, advancement in medical equipment and improvement in treatment procedures are the major reasons for the market growth. For instance, In March 2019, Gilde Healthcare has raised USD 224 million to invest in suppliers of medical products and other health businesses. The fund moves the amount raised by Gilde’s healthcare investment vehicles past the USD 1.12 billion mark.
  • The Asia Pacific Healthcare Fabrics market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific is expected to grow with high CAGR rate in the forecast period. Rise in urbanization and elderly population are the driving factors for the healthcare industry in the country. Governments in Asia Pacific economies are spending and allocating huge amounts of money in their budgets. High government spending’s and investments have expressively promoted the healthcare sector in the country, which, in turn, has boosted the healthcare fabrics market in Asia Pacific region. For instance, in 2019, the government of India has allocated USD 8.7 billion for the healthcare budget. The allocation was made in order to promote reform, healthcare startups and upgrading of government hospitals especially in rural parts of the country.

 

Competitive Landscape:

  • The Healthcare Fabrics market is a competitive with existing players in the market. Some of the major players include Advanced Fabrics, Maharam Fabric Corporation, Carnegie Fabrics, LLC, Architex International, Brentano Inc, Designtex, Paramount Tech Fab Industries, Arc-Com, Knoll, Inc. and Kimberly-Clark Corporation.
  • Companies are focusing to introduce new solutions and technologies. For instance, Suominen is offering a range of technologies for the medical market. A specialty 100% cotton entangled nonwoven called Webril is designed for medical applications requiring high absorbency and easy tear.
  • Turkish based nonwovens producer Mogul, offers polypropylene SMS type of fabrics for medical/surgical gowns and robes, polypropylene spunbond and meltblown for face masks, Aqualace (parallel-laid spunlace) fabrics for surgical swabs.

 

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