Global Medical Nonwoven Market is expected to register a substantial CAGR of 7.1% in the forecast period of 2019-2026. The years considered for study are as mentioned below.
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The medical nonwoven is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the growing demand of medical nonwovens in healthcare industry due to rising number of advanced technological fabrics. The growing geriatric population worldwide is increasing the demand for nonwoven high quality fabrics in the hospitals and clinics since the aging population is found suffering with the highest number of chronic diseases.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative nanotechnology. For instance, in February 2019, WPT Nonwovens launched bi-component fiber nonwovens to be used in the products of feminine hygiene. The company developed an innovative technology that utilizes high quality bi-component fiber to produce feminine hygiene products.
Owens & Minor, Inc. dominated the medical nonwovens market. The other key players existing in the market includes Asahi Kasei Corporation and Berry Global Inc. The other key players existing in the market includes KRATON CORPORATION, PFNonwovens Czech s.r.o., Freudenberg Performance Materials, Dynarex Corporation, Suominen Corporation, Ahlstrom-Munksjö, Foshan Nanhai Bidefu Nonwoven Co., Ltd., Fibertex Nonwovens A/S, Fitesa, KCWW, TWE GmbH & Co. KG, Abena A/S, WPT Nonwovens Corp, Hogy Medical and others.
Owens & Minor, Inc.:
Owens & Minor, Inc. headquartered in Virginia, U.S. was founded in 1882. The company is engaged in the manufacturing of healthcare devices & products. The company operates through two business segments which include global solutions and global products.
The global solutions dealt distribution, logistics and value-added services business. Global products include medical surgical products through our production and kitting operations. The major product categories for the company include Proprietary Product Portfolio and Sourcing.
· For instance, in May 2018, Owens & Minor acquired surgical and infection prevention business of Halyard Health. With this acquisition of recognized leader, company will transform its business into healthcare solutions provider at global level.
It has its global networks in U.S. It operates through its subsidiaries such as Movianto (U.S.), Byram Healthcare Centers, Inc. (U.S.), Owens & Minor Distribution, Inc (U.S.), Avent, Inc. (U.S.), Halyard Sales, LLC (U.S.), among others.
Asahi Kasei Corporation:
Asahi Kasei Corporation headquartered in Tokyo, Japan was established in 1931. The company is engaged in the development of fiber products, chemicals and electronic related materials. The company has four operating divisions namely material, homes, health care and others.
Material segment manages fibers & textiles, petrochemicals and electronics operations. The Home segment includes order-built homes operations. The healthcare segment includes pharmaceutical operations and the others comprises of other operations. The major product categories for the company include Material, Homes, Health Care and Others.
· In June 2019, ZOLL Medical Corporation, manufactures medical devices acquired TherOx, Inc. The acquisition will help the company to expand the ZOLL product portfolio in support of excellence for patients and caregivers.
It has its global networks in North America, Europe, Asia, Japan, Central and South America, Oceania. The company has various subsidiaries such as Asahi Kasei Construction Materials Corporation (Japan), ZOLL Medical Corporation (U.S.), Asahi Kasei America, Inc. (U.S.), Polypore International Inc (U.S.), Crystal IS Inc. (U.S.), among others.
Berry Global Inc.:
Berry Global Inc. is headquartered in Indiana, U.S. founded in 1967. The company is engaged in providing the products to sectors such as engineering materials, nonwoven specialty materials and consumer packaging. Continental Corporation operates through four major strategic business units which include engineered materials (EM), health, hygiene & specialties (HH&S), consumer packaging (CP).
Engineered Materials include Stretch and Shrink Films, Converter Films, Institutional Can Liners, Tape Products, Food and Consumer Films, Retail Bags and PVC Films. The Health, Hygiene & Specialties included health, hygiene and specialty products. The Consumer Packaging included containers, food services, closures and over caps, bottles & prescription vials and tubes. The major product categories include product catalog, packaging, protection solutions, specialty nonwovens and tapes & adhesives.
· In July 2019, Berry Global Group, Inc. announced the acquisition of RPC Group Plc for a sum of USD 6,500 million. The acquisition will help the company to become global supplier of protective solutions.
The company has wide geographical presence in North America, Latin America, Europe and Asia. It operates through its subsidiaries such as PLIANT CORP (U.S.), Landis Plastics, Inc. (U.S), BERRY IOWA CORP (U.S.), Covalence Specialty Coatings LLC (U.S.), Covalence Specialty Materials (U.S.), among others.
Global Medical Nonwoven Market – Industry Trends and Forecast to 2026