PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608843
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608843
The hospital gowns market is estimated to be valued at USD 2.62 Bn in 2024 and is expected to reach USD 4.53 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | 2.62 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 8.10% | 2031 Value Projection: | 4.53 Bn |
Hospital gowns are essential for providing privacy, safety, and comfort to patients in hospitals. They protect patients from external contamination and infection. Growing healthcare expenditure and rapidly ageing population have increased the demand for hospital services. This has had a positive influence on the demand for hospital gowns across the globe. Moreover, the COVID-19 pandemic has heightened awareness on infection control and prevention. This has further boosted the sales of hospital gowns worldwide. With rising focus on reducing hospital-associated infections, major hospitals are increasingly adopting disposable gowns over reusable ones. This is expected to open new growth avenues for players in the hospital gowns market in the coming years.
Global hospital gowns market is projected to witness significant growth over the forecast period, owing to growing factors like increasing number of hospitalizations, spread of infectious diseases, rising investments to improve healthcare infrastructure in developing nations such as India, and stringent regulations regarding hygiene and sanitation in hospitals. However, availability of cheap alternatives and decreasing profit margins are expected to restrain the market growth. On the positive side, growing adoption of eco-friendly hospital gowns made from plant-based materials offers lucrative opportunities in the upcoming years.
This report provides in-depth analysis of the global hospital gowns market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global hospital gowns market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Medline Industries, LP., Standard Textile Co., Inc., 3M, Cardinal Health, AmeriPride Services Inc., Owens & Minor, Molnlycke Health Care AB, Dynarex Corporation, Arkeras, and PRIMED
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global hospital gowns market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts