Analysis of COVID-19 Crisis-driven Growth Opportunities in Theater Linen Market
Transparency Market Research has published a new report that gives intricate details about the working dynamics of the global theater linen market. The research report expects an intense competition among the leading players of the global market. The healthcare application segment in particular is expected to showcase a highly fragmented landscape. However, no leading player is expected to account for a dominant share in the application segment. Moreover, the initial investment required to enter the market remains relatively low. This has been encouraging several small-scale players to enter the market and offer their linen products at a considerably low cost. Some of the leading companies in the global theatre linen market include names such as Synergy Health Plc., ImageFIRST Healthcare Laundry Specialists Inc., Towel & Linen Pty Ltd., Crothall Healthcare, and Angelica Corporation among others.
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According to the research report, the global theater linen market was initially valued at US$5,434.2 mn in 2015. The market is expected to exhibit a CAGR of 5.8% during the provided projection period of 2016 to 2024. With this rate of growth, the global theatre linen market is estimated to reach a valuation of US$8,947.2 mn by the fall of 2024.
From a regional standpoint, in 2015, the segment of Asia Pacific accounted for over 40% of the theatre market share used in the healthcare domain. This development of the market segment is primarily attributed to the growing demand for advanced and hygienic healthcare facilities. On the other hand, the regions of North America and Europe are proving to be important regions for the overall development of the global theater linen market. Cumulatively both these regions accounted for more than 40% of the market share.
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Increasing Demand For Sophisticated Healthcare Services is Driving Market Growth
The global theatre linen market for the segment of healthcare is experiencing a promising growth because of the growing focus on instigating efficient hospital-acquired preventive measures against infections. Hospitals and clinics are undertaking heavy precautions in relation to hygiene, particularly associated to the use of linens in the operation theatres. Considerable funds are being invested in offering improve, advanced, and highly efficient medical and surgical equipment, and tidy and clean patient clothing. The global theatre linen market for the healthcare segment is expected to achieve a considerable growth during the given forecast period with a great rise in demand for hygienic and sophisticated healthcare facilities.
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This information is comprised in the new report by TMR, 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.”
The global theater linen market has been segmented as presented:
By Material Type:
- Traditional Cotton or Polyester/Cotton
- Disposable/Single Use
- Microfiber
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