Global Medical Clothing Market is expected to grow at a CAGR of 5% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Medical Clothing Market by Fabric (Woven, Knitted, Non-Woven), Application (Implantable Goods, Non-Implantable Goods, Healthcare & Hygiene Products), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027.
The global medical clothing market is expected to grow from USD 17.9 billion in 2019 to USD 26.4 billion by 2027, at a CAGR of 5% during the forecast period 2020-2027. North America and Europe dominate the market for medical clothing across the globe. The number of medical surgeries performed in both the regions are the highest in the world and is expected to rise further. There is a rise in initiatives by the government to spread awareness regarding the use of medical clothing in North America, contributing to the growth of the market in the region. The Asia-Pacific region is also expected to show a high growth rate with massive investments by the governments in the healthcare infrastructure and improvement in technology and hygiene in healthcare facilities.
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Some of the leading players of the market include Sino-Fan Limited, Algrimia Medical. Inc., Tshimbunda Trading (PTY) LTD, OTIX Medical, Probody Medical Aps, Ricard Boss & Co, and SMTEK Technology Development LTD, among others. The companies are focusing on innovations for creating garments that help individuals to take care of their health with lower costs. The innovations have led to the creation of products like a belly band to monitor uterus in pregnant women, a belt to relieve back pain, and others.
This study delivers a comprehensive analysis of fabric, applications, and regions of global medical clothing market. On the basis of the fabric, the market can be divided into woven, knitted, and non-woven fabric. The non-woven fabric dominates the market share in the segment and is expected to grow at a rapid pace in the forecast period. This fabric is low-cost and, easy to dispose of and is useful, especially in the cases of highly contagious diseases. The woven and knitted fabrics are less extensible as compared to the non-woven fabric. On the basis of application, the market can be divided into implantable goods, non-implantable goods, and healthcare & hygiene products. The non-implantable goods segment dominates the market share and is expected to portray the highest growth rate in the forecast period. The increasing prevalence of injuries globally is driving the demand for medical clothing in the segment.
The rise in demand by the patients for better medical facilities has led to massive investments by the hospitals in protective equipment like medical clothing. The regulatory framework by the governments also necessitates the use of medical clothing by the hospitals driving the growth of the market. The rise in prevalence of chronic diseases like cancer, heart disease, diabetes, respiratory disorders is leading to more surgeries, causing a surge in demand for medical clothing.
About the report:
The global medical clothing market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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