Market research firm Fact.MR’s ongoing study predicts growth exhibited by the absorbable nonwoven textiles market to remain bullish. The unprecedented COVID-19 outbreak upended traditional course of several businesses, including that of absorbable nonwoven textiles. However, unlike other markets, sales of affordable nonwoven textiles skyrocketed amid the increasing demand for facial masks and shields and hand and face wipes.
This trend is expected to continue as people in general have become more conscious about their health and hygiene. Also with the expansion of the healthcare sector will offer extensive opportunities for growth. These materials are usually preferred by healthcare professionals as they offer improved barrier protection.
Non-woven and absorbable textiles also are used during surgeries. Considering this, the report finds the countries registering the maximum number of surgeries to be conducted within a year to be more attractive. Their applications extend beyond wound care, in the manufacturing of incontinence pads and plasters. These factors will steer the market towards a period of steady growth, finds Fact MR.
The report offers an extensive overview of the market. It seems impressive prospects thanks to rising per capita spending on healthcare. With focus on preventing health maladies increasing, greater sales of masks and wipes are on cards. Spurred by this, the market is expected to record a solid growth between 2021 and 2031.
“As demand continues to growth, market players are seeing this as an apt opportune to expand their production capacities. Besides this, focus on the adoption of state-of-the-art equipment to bolster packaging will sway the market in the coming years. Against this backdrop, product availability within the market can be expected to rise,” said a lead analyst at Fact MR.
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Segmentation
The global absorbable nonwoven textiles market is segmented on the basis of product type, end user and region.
By product type, absorbable nonwoven textiles market is segmented as:
- Surgical Dressing
- Sutures
By end user, absorbable nonwoven textiles market is segmented as:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
The global absorbable nonwoven textiles market is expected to witness significant growth due to increasing product availability and adoption across the world. By product type, surgical dressings expected to be the most lucrative segment in terms of revenue due to higher product adoption. By end user, the global absorbable nonwoven textiles market is expected to be dominated by hospitals due to higher patient footfall. The manufacturers in the market are trying to improve their product’s geographical footprints by undergoing partnerships, collaborations with various regional players.
The global absorbable nonwoven textiles market is expected to be dominated by North America due to higher product adoption in the region for the wound management as well as surgical dressings. Europe is expected to be the second most lucrative market due to high number of the surgeries performed. Latin America absorbable nonwoven textiles market is expected to witness steady growth over the forecast period due to increasing product availability in the region. Asia-Pacific absorbable nonwoven textiles market is expected to the fastest growing market due to emerging countries such as India and China where healthcare expenditure increasing rapidly. Middle East & Africa is the least lucrative absorbable nonwoven textiles market due to low product penetration in the region.
Key Takeaways from Fact.MR’s Absorbable Nonwoven Textiles Market Report
- Growth within North America is likely to be spearheaded by the U.S., as the country continues exhibiting increasing number of surgeries conducted in a given year
- China, India, and Australia will emerge as highly lucrative pockets for sales in Asia Pacific
- Production in large scale to accommodate surging demand will drive sales in Latin America and the Middle East and Africa
- Demand from hospitals poised to surge as these institutions continue witnessing higher footfall of patients amid pandemic
Absorbable Nonwoven Textiles Market – Prominent Drivers
- Absorbable nonwoven textiles minimizes the risk of cross-infection which results in their increasing use as surgical dressings and sutures
- Polyester and cotton commonly used for churning absorbable nonwoven textiles are easily available, which aids the overall expansion of the market
- Government initiatives aimed at controlling hospital acquired infections to increase the use of absorbable nonwoven textiles
Absorbable Nonwoven Textiles Market – Key Restraints
- Fluctuation in raw material prices could hamper growth. For instance, increase in oil price tends to fuel input cost of intermediary goods, creating challenges for the market
- Limited adoption by consumers could hamper growth in certain regions
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Competitive Landscape
Some of the leading companies operating in the market are Eastex Products, Inc., Scafftex, Shawmut Corp., Jason Mills, Bally Ribbon Mills, Apex Mills Corp., J-Pac Medical, and others.
Companies operating in the market are primarily focusing on capacity expansion. For instance, in June 2020, Lydall invested in a novel fiber melt-blown production line to cater to the rising demand for face masks amid COVID-19. A little before this on May 2020, Berry Global announced the expansion of its Meltex melt-blown capacity sighting the same reason.
The report covers exhaustive analysis on:
- Absorbable Nonwoven Textiles Market Segments
- Absorbable Nonwoven Textiles Market Dynamics
- Historical Actual Market Size, 2013 – 2017
- Absorbable Nonwoven Textiles Market Size & Forecast 2018 to 2024
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
More Insights into Absorbable Nonwoven Textiles Market
In its latest report, Fact.MR offers unbiased analysis of the global absorbable nonwoven textiles market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (surgical dressing and sutures) and end user (hospitals, clinics, and ambulatory surgical centers) across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa).
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