According to IMARC Group’s new report, titled “Medical Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ the study provides a detailed analysis of the industry, including the global medical textiles market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Medical Textiles Market?
The global medical textiles market size reached US$ 21.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
What is Medical Textiles?
Medical textiles refer to specialized fabrics designed for use in various healthcare settings to ensure patient safety, promote healing, and prevent infections. They encompass a variety of types, including non-implantable materials, implantable textiles, and healthcare and hygiene products, such as bedding, clothing, surgical gowns, and masks. Medical textiles possess critical properties, such as biocompatibility, flexibility, strength, and bacterial barriers.
They are produced from various materials, such as cotton, polyester, polyamide, and advanced biopolymers. The manufacturing process involves weaving, knitting, nonwoven processes, and braiding to achieve the desired functionality and compliance with medical standards. Medical textiles are widely used in bandages, surgical sutures, artificial tendons, burn dressings, blood filters, stents, and heart valves. They aid in enhancing patient comfort, improving disease management, reducing healthcare-associated infections, and supporting body functions. In addition, medical textiles are known for their adaptability, cost-effectiveness, disposability, and contribution to accelerating patient recovery.
What are the growth prospects and trends in the medical textiles industry?
The growing demand for medical textiles, owing to the rising geriatric population requiring increased medical care, is propelling the market growth. Additionally, the significant rise in chronic diseases and conditions, which necessitates advanced medical fabric applications, is boosting the market growth. Besides this, recent innovations in biotechnology and nanotechnology, which have enhanced the performance of medical textiles, making them more effective in a variety of applications, are contributing to the market growth.
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Furthermore, the heightened awareness of hygiene standards in healthcare facilities, increasing the consumption of disposable medical textiles, is catalyzing the market growth. In addition to this, the rising number of surgical procedures across the globe, which is escalating the requirement for surgical drapes, gowns, and other operating room textiles, is fueling the market growth. Apart from this, the rising healthcare spending, particularly in emerging economies, is acting as another growth-inducing factor. Moreover, the implementation of strict governmental regulations mandating the use of safety measures in healthcare environments is bolstering the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Asahi Kasei
- Cardinal Health
- Freudenberg
- Getinge
- KCWW
- Schouw
- ATEX Technologies Inc
- Bally Ribbon Mills
- Vestagen Technical Textiles Inc.
- Bluestar Silicones
- Biomedical Structures
- Medical Grade Innovations
- Strategic Partners
- Life Threads LLC, etc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Non-Woven
- Knitted
- Woven
- Others
Breakup by Application:
- Implantable Goods
- Non-Implantable Goods
- Healthcare & Hygiene Products
- Others
Breakup by Region:
- Europe
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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