ALBANY, N.Y.--(BUSINESS WIRE)--A recent research report published by Transparency Market Research suggests that the global medical superabsorbent polymers market will grow at a CAGR of 7.5% between 2014 and 2020. The global medical superabsorbent polymers market was valued at US$96 million in 2013 and with the expected positive growth is expected to reach a valuation of US$192.2 million by 2020.
The report titled “Medical Superabsorbent Polymers (SAP) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2010 - 2020” is currently available for sale on TMR’s website.
The report states that the growth of global medical superabsorbent polymers market will be primarily due to the growing awareness about health and hygiene among the global population, and the increase in disposable incomes, especially in developing economies. The rising demand for medical products such as wound dressings, surgical pads and bandages is projected to create a huge opportunity for the medical superabsorbent polymers market.
In terms of product types, the report segments the medical superabsorbent polymers market into woven and nonwoven wound care products used to manufacture medical gauzes, sponges, healing patches, wound dressings, and surgical tapes. In 2013, nonwoven superabsorbent polymer accounted for a market share of more than 70% in the global superabsorbent polymers market and the segment is expected to dominate the medical superabsorbent polymers market during the forecast period.
In terms of applications, advanced wound care products are preferred over traditional wound care products because they are easier to handle and odor-free, and boost the healing process. Advanced wound care products accounted for more than 35% of the medical superabsorbent polymers market in 2013. The demand for this segment is expected to grow consistently during the period from 2014 to 2020.
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Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.