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11th September 2017, Seattle, WA

Healthcare fabrics market to reach $12.90 billion

The Asia Pacific healthcare fabrics market is expected to grow at the highest CAGR during the forecast period. The healthcare fabrics market, which is estimated at US$ 9.48 billion in 2017, is projected to reach US$ 12.90 billion by 2022, at a CAGR of 6.4% between 2017 and 2022, according to the latest report published by Markets and Markets.

Rising consumer awareness regarding hygiene products along with the improved quality of healthcare fabrics is expected to drive the growth of the healthcare fabrics market during the forecast period, says the report.

Growth segments

Among raw materials, the polyester segment of the healthcare fabrics market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. This high-growth of the polyester segment can be attributed to its high performance at lower cost, as fabrics made of polyester are strong and have high tensile strength. They are highly durable, chemical resistant, wrinkle-resistant, abrasion-resistant, and offer structural stability. Thus, the demand for polyester is expected increase during the forecast period.

Amongst fabric type, the nonwoven segment of the healthcare fabrics market is projected to grow at the highest CAGR. Nonwoven fabrics are used in various hygiene products ranging from baby diapers, to adult incontinence products. They are used as an alternative to traditional textiles due to their absorption properties, softness, smoothness, strength, comfort and fit, stretchability, and cost effectiveness. These have various advantages over woven and knitted fabrics and hence this segment is expected to grow at the highest rate during the forecast period.

Asia Pacific market

The demand for healthcare fabrics in hygiene products is mainly driven by the increase in consumption of sanitary napkins and baby diapers in the emerging countries of the Asia Pacific. Moreover, rising awareness and growing disposable incomes coupled with the rising numbers in the new born and menstruating population is expected to fuel the growth of the healthcare fabrics market in hygiene products.

The Asia Pacific healthcare fabrics market is expected to grow at the highest CAGR during the forecast period. The increase in disposable incomes of middle-class populations in the Asia Pacific region makes it an attractive market for manufacturers of healthcare fabrics. The demand for healthcare fabrics is high in the region owing to improving standards of living, increased focus towards the use of personal hygiene products and growing populations.

Market players

Currently, the healthcare fabrics market is led by various market players, such as Designtex (US), Maharam Fabrics Corporation (US), Knoll, Inc. (US), Brentani Inc. (US), Arc-Com (US), Kimberly-Clark Corporation (US), Paramount Tech Fab Industries (India), Advanced Fabrics (SAAF) (Saudi Arabia), Avgol Industries 1953 Ltd. (Israel), and Architex International (US), among others.

The report Healthcare Fabrics Market by Raw Material (Polypropylene, Cotton, Polyester, Viscose, Polyamide), Fabric Type (Non-woven, Woven, Knitted), Application (Hygiene, Dressing, Clothing, Curtains, Blanket & Bedding, Upholstery), Region - Global Forecast to 2022 features 88 market data tables and 45 figures spread through 154 pages and in-depth TOC.

www.marketsandmarkets.com

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