Global Theater Linen Market for Health Care Application to Expand with a CAGR of 5.8% due to Growing Demand for Fortified Foods
Transparency
Market Research (TMR) finds that the global
theater linen market for
healthcare application is experiencing fragmented landscape but no
key players are accounting for the leading share. However, presence
of large number of linen manufacturers are leading to create an
intense price war and reduced the buyers cost expectation.
Additionally, requirement of low capital investments are encouraging
numerous small-scale companies are making linen available in
significantly lowered cost.
Some
of the key players operating in the global theater linen market
include Towel & Linen (Pty) Ltd, ImageFIRST Healthcare Laundry
Specialists, Inc., and Synergy Health PLC.
TMR
anticipated that the revenue of the theater linen market for
healthcare application was valued at US$5,434.2 mn in 2015 and
expected to expand with a CAGR of 5.8% to attain the value of
US$8,947.2 mn by 2024. On the basis of region, Asia Pacific accounted
for the more than 40% of shares of the global market for theater
linen used in healthcare sector in 2015. This growth is attributable
to increasing demand for hygienic and advanced healthcare facilities.
However, Europe and North America are the two crucial regions for the
market for theater linen as together they account for more than 40%
shares of the global theater linen market for healthcare application
in 2015. On the basis of material type, the segment of
disposable/single use material linen segment is expected to grow with
higher rate as compared to other material types such as traditional
cotton or polyester/cotton and microfiber. This growth is
attributable to upsurge in the attention about hospital-acquired
infections.
High
Demand for Fortified Foods to Drive Growth
The
global theater linen market for healthcare application is witnessing
significant growth owing to the increased focus on instigating
effective hospital-acquired infection prevention measures. Hospitals
are taking critical precautions related to hygiene, especially
regarding the usage of linens in operating rooms. Significant funds
are being diverted towards the provision of improved and
technologically advanced surgical or medical equipment, and clean and
tidy patient clothing.
The
market for theater linen for healthcare application is also expected
to gain significant traction owing to the increased global demand for
sophisticated and hygienic health care facilities. Rising investments
of healthcare service providers aimed at providing high quality and
hygienic facilities to patients in the form of improved and
technologically advanced medical equipment, and clean and tidy
uniforms for patients is expected to significantly drive the market
in the near future. The factor is expected to have a high impact on
the theater linen market, especially across developing economies in
regions such as Asia Pacific and Latin America.
High
Costs to Negatively Affect Adoption
Linens
fall in the category of consumable medical products that have
significant monetary value, yet given far less than significant
attention to the impact that their cost can have on the finances of a
healthcare facility. The losses incurred due to linen mishandling or
linen loss, which refers to the disposal or vanishing of a towel,
sheet, or other products before it has reached the desired end-user,
has a huge impact on the theater linen market.
Nevertheless,
the vast rise in hybrid operating rooms and ambulatory surgical
centers (ASCs) across the globe is expected to lead to a significant
rise in consumption of theater linen in the healthcare industry.
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This
information is comprised in the new report by TMR, titled “Theater
Linen Market for Health Care Application (Material Type - Traditional
Cotton or Polyester/Cotton, Disposable/Single Use, and Microfiber) -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024.”
The
global theater linen market has been segmented as presented:
By
Material Type:
-
Traditional Cotton or Polyester/Cotton
-
Disposable/Single Use
-
Microfiber
By
Geography
-
North America
-
U.S.
-
Canada
-
-
Europe
-
U.K.
-
Germany
-
France
-
Spain
-
Italy
-
Rest of Europe
-
-
Asia Pacific
-
China
-
Japan
-
Australia
-
India
-
Rest of Asia Pacific
-
-
Latin America
-
Brazil
-
Mexico
-
Rest of Latin America
-
-
Middle East & Africa
-
South Africa
-
Saudi Arabia
-
Rest of Middle East & Africa
-
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USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
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