The global theater linen market for healthcare
application is moderately fragmented with no individual player
holding a dominant share of the market. The market features a large
number of linen manufacturers on regional basis, which is leading to
intense price competition. It has also resulted in lowered switching
cost for buyers, states a new report by Transparency Market Research
(TMR). Some of the notable manufacturers of theater linen are Towel &
Linen (Pty) Ltd, ImageFIRST Healthcare Laundry Specialists, Inc., and
Synergy Health PLC. The initial capital investment is low and this is
encouraging numerous small-scale players to enter the market, thus
pushing market competition and also increasing the bargaining power
of buyers.
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According to the research report, the global theater
linen market for healthcare application was valued at US$5,434.2 mn
in 2015 and is expected to be worth US$8,947.2 mn by 2024, expanding
at a 5.8% CAGR from 2016 to 2024. By material type, the
disposable/single use segment will lead in the market through 2024.
This is because healthcare facilities prefer disposing off used
linens, rather than paying for laundry and maintenance. On the basis
of geography, Asia Pacific led in the theater linen market in 2015.
Growing Concerns over Hygiene and High Prevalence
of Hospital Acquired Infections to Drive Market
The past few years have seen a heightened awareness
level among patients regarding hygiene on account of a growing number
of hospital acquired infection cases. This in turn is inspiring the
healthcare industry to invest in theatre linen, thus boosting the
market. The demand for clean theatre linen, especially in operating
theaters is expected to rise in the coming years as the usage of
dirty linen can lead to the spread of contagious diseases and
hospital acquired infections. The growing investments by healthcare
service providers for a sophisticated and high quality facility for
patients are boosting this market’s growth.
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Loss due to Linen Mishandling and Vanishing to
Restrict Demand
Although linens have significant monetary value, they
are given less attention owing to their cost to healthcare
facilities. The loss incurred due to linen mishandling and linen
vanishing such as towels disappearing or sheets being torn are some
of the factors resulting in a decline in the demand for theater linen
for healthcare application. As per research, in the U.S., 90% of the
linen used in hospitals does not reach the intended user. Due to
this, U.S. had to endure a whopping US$840 mn in 2014. If the issue
is not solved effectively anytime soon, it is expected to have a
negative consequence on the consumption of theater linen in the
healthcare sector in the coming years.
Growing Number of Ambulatory Surgical Centers to
Create Positive Outlook for Theater Linen Market
The global increase in the number of ambulatory
surgical centers is expected to boost the market. In addition to
this, increase in hybrid operating rooms is also likely to create
significant demand for theater linen for healthcare applications
across the globe. Moreover, since healthcare sectors across the globe
are encouraging the development of ambulatory surgical centers in
order to provide proper and sophisticated diagnosis to patients. This
will further the demand for theater linen, creating opportunities of
growth in the market. “Significant funds are also being allocated
in the direction of improved medical equipment and clean and tidy
linen, which will further bolster the global theater linen market,”
states a TMR analyst.
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The review is based on Transparency Market Research’s
report, 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.”
For the study, the global theater linen market for
healthcare application is segmented as follows:
Theater Linen Market for Healthcare Application –
Material Type Analysis
- Traditional Cotton or Polyester/Cotton
- Disposable/Single Use
- Microfiber
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