Theater Linen Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024
The
global theater linen market for hospital application features a
moderately fragmented competitive landscape, with no individual
manufacturer accounting for a dominant share of the market, observes
Transparency Market Research in a recent report. The presence of a large
number of linen manufacturers across key regional markets has led to an
intense price war and reduced the buyers’ cost of switching to newer
vendors.
The
need for low capital investment has encouraged many small-scale vendors
to foray into the market, further intensifying cost competition and
increasing the bargaining power of buyers. Some of the market’s notable
vendors are ImageFIRST Healthcare Laundry Specialists, Inc., Towel &
Linen (Pty) Ltd, and Synergy Health PLC.
TMR
estimates that the global theater linen for hospital market will
exhibit a 5.8% CAGR over the period between 2016 and 2024. If the
prediction holds true, the market will rise from a valuation of
US$5,434.2 mn in 2015 to US$8,947.2 mn by 2024. Of the key materials
utilized for manufacturing theater linen, the segment of
disposable/single use materials acquired the dominant share and is
expected to remain the most prominent material segment in the near
future as well. From a geographic perspective, the market in Asia
Pacific dominated the global market with a nearly 40% share in 2015.
In
the past few years, the focus of the healthcare industry on ways of
preventing hospital-acquired infections has considerably increased.
Hospital-acquired infections spread due to the unhygienic use of
surgical instruments and surgical cloths such as drapes, cotton balls,
and gloves. As a measure of prevention, hospitals are taking critical
care about the usage of linens in operating rooms that are badly soiled
and can lead to several contagious diseases. Owing to this, the demand
for clean and tidy linen, especially in operating rooms, is expected to
rise significantly in the next few years.
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.
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.
Linen
loss is extensive and costly. A study has said that nearly 90% of all
linen used in hospitals in the U.S. does not reach the intended
end-user. Such instances cost the U.S. health care industry a whopping
US$840 mn in 2014. If not addressed effectively, the issue can have a
significant negative impact on the overall consumption of theater linen
in the health care industry in the near future.
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. The global
health care industry encourages the development of ASCs or hybrid
operating rooms to provide a sophisticated and proper diagnosis to
patients, which in turn is expected to boost the theater linen market.
This
review of the market is based on a market research report recently
published by Transparency Market Research, titled “Theater Linen Market
for Health Care Application - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024.”
Theater Linen Market for Healthcare Application – Material Type Analysis
-Traditional Cotton or Polyester/Cotton
-Disposable/Single Use
-Microfiber
-North America
-U.S.
-Canada
-Europe
-Germany
-France
-U.K.
-Italy
-Rest of Europe
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