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Linen and Turnover Kits Market: Widespread Use of Non-woven Fabrics to Restrict Market Growth Forecast 2019 to 2029
Linen and Turnover Kits Market
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Total number of linen & turnover kits sold annually for surgical procedures has witnessed a steep rise, as they help to improve operational efficiency in surgical suites and offer cost efficiency for numerous surgical procedures.
Furthermore, the trend of using single-use disposable linen will further bolster market growth. Global linen & turnover kits market is projected to register at a CAGR of 5% during the forecast period (2019-2029) reveals fact.MR in a recently published report
Key Takeaways of Global Linen & Turnover Kits Market
Global linen & turnover kits market is forecast to surpass US$ 1.9 Bn by 2029 end, adding 1.6X more value as compared to 2019
An increasing number of surgeries all around the world will bolster sales of linen & turnover kits market, creating a value opportunity of US$ 770 Mn over the forecast period. Hospitals account for over 3/4th of linen & turnover kits sales worldwide
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Despite losing significant market share by 2029, non sterile linen & turnover kits are forecast to account for almost 2/3rd of the total incremental $ opportunity created in the market during assessment period.
However, demand for sterile kits is foreseen to grow at higher CAGR
Linen & turnover kits market in East Asia is set to gain 214 BPS with expenditures on surgical gadgets increasing at a significant rate
Europe remained the frontrunner in the global linen & turnover kits market in 2019, accounting for around one third of revenue share, higher per capita spending on healthcare will support the region’s growth
Global linen & turnover kits market is highly fragmented in nature, with Mckesson Corporation, Ecolab, ANSELL Ltd, and Cardinal Health as some of the notable players
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“A large number of surgeries are performed every year across the globe, wherein the chances of developing surgical site infection (SSI) is 1-3%. With the continuing growth of surgical volume worldwide, the chances for SSI is increasing. Linen & turnover kits are gaining impetus as it acts as a barrier for infection.” says a Fact.MR analyst
Companies Laterally Integrate for Higher Market Penetration
Players in the linen & turnover kits market are engaged in lateral integration for deeper market penetration and capturing a larger consumer base. Majority of players in this market are signing up group purchasing contracts for linen & turnover kits products.
For instance, players such as Ecolab and Advance Medical Designs, Inc. signed an agreement with premium online & retail suppliers for room turnover products.
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The advantageous factors associated with group purchasing such as buying power, negotiating power, lower processing costs, among others, have resulted in collaboration of members to develop long-term innovations that improve the way care is delivered to patients across the globe.
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