Transparency Market Research has published a new report titled “Medical Superabsorbent Polymers (SAP) Market by Nonwoven Technology (Airlaid and Other Nonwoven Technologies) and by Application (Woven and Nonwoven) for Wound Care (Traditional Wound Care and Advanced Wound Care) and Other End-Use Segments – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2010 – 2020”. According to the report, the global medical superabsorbent polymers market was valued at US$ 96 Mn in 2013 and is anticipated to reach US$ 192.2 Mn by 2020, expanding at a CAGR of 7.5% between 2014 and 2020.
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Medical superabsorbent polymers play a vital role in absorption of wound exudates. These polymers also prevent infection and boost the healing process. Superabsorbent polymers are the key raw materials used in the production of woven and nonwoven products, ranging from wound care and medical disposables to hygiene products. Woven and nonwoven fabrics are used in the manufacture of medical gauzes, healing patches, surgical tapes, and wound dressings. These woven and nonwoven products are further used in traditional and advanced wound care technologies. Nonwoven products are primarily used in advanced wound care treatments and surgeries, as these offer benefits such as faster healing of wounds and high absorption of exudates. Nonwoven products held more than 70% share of the global medical superabsorbent polymers market in 2013. The segment is likely to gain market share during the forecast period.
Wound care, a major segment, is expected to boost the medical superabsorbent polymers market. The wound care segment is further bifurcated into traditional and advanced wound care dressings or products. Traditional wound care dressings are used during minor accidents or wounds, while advanced wound care dressings are used for major surgeries, accidents and wounds. Advanced wound care dressings or products are preferred over traditional wound care products due to their faster healing process and odor free nature. The advanced wound care market accounted for more than 35% share of the global medical superabsorbent polymers market in 2013.
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Europe accounted for approximately 40% of the global medical superabsorbent polymers market share in 2013. Demand for wound care products is anticipated to increase due to high spending power and hygiene conscious population in the region. This, in turn, would fuel growth of medical superabsorbent polymers in the market. Additionally, increasing demand from the advanced wound management application and stringent regulations imposed by various government authorities in Europe have boosted demand for nonwovens. This, in turn, has generated demand for medical superabsorbent polymers in the region.
North America followed Europe in terms of market share, due to rising health and hygiene awareness among people and increasing demand for advanced wound care products in the region. In terms of region, North America, particularly the U.S., is known for high consumption of medical superabsorbent polymers for several applications. The market in the region is driven by nonwoven products, which are widely used for wound care products in the medical industry. The market is expected to expand at a faster rate due to rise in chronic health diseases and technological advancements in wound care treatments.
Nonwovens have the highest growth rate in Asia Pacific. The medical superabsorbent polymers market in the region is driven by demand in growing end-use applications (including healing patches, surgical pads and wound care dressings for chronic wounds). China and India are the major countries focusing on technological advancements in superabsorbent polymers to meet the rising demand of consumers and end-product manufacturers. Other end-user industries in the Rest of the World (including Africa, the Middle East and Brazil) are also anticipated to boost demand for medical superabsorbent polymers in the region.
Key players in the medical superabsorbent polymers market include manufacturers of raw materials such as BASF SE, Nippon Shokubai Co., Ltd, Evonik Industries, SDP Global Co. Ltd. and LG Chem. Major manufacturers of wound care products include Advancis Medical, Derma Sciences, Smith & Nephew, and Johnson & Johnson. The medical superabsorbent polymers market is highly concentrated, with the top five companies accounting for more than 70% share of the global market in 2013. Major end product manufacturers are now focusing on advanced wound care dressings, while manufacturers of superabsorbent polymers are concentrating on advanced technologies to serve the medical industry.
The report segments the global medical superabsorbent polymers market into:
o Medical Superabsorbent Polymers (SAP) Market – Application Analysis
o Medical Superabsorbent Polymers (SAP) Market – End-use Segment Analysis
o Wound Care
o Traditional Wound Care
o Advanced Wound Care
o Others (Including surgical pads)
o Medical Superabsorbent Polymers (SAP) Market – Nonwoven Technology Analysis
o Others (Including spunbond and meltblown)
o Medical Superabsorbent Polymers (SAP) Market – Regional Analysis
o North America
o Asia Pacific
o Rest of the World (RoW)
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