Market Size –
The biomedical textiles market size has grown strongly in recent years. It will grow from <b>$15.63 billion in 2023 to $16.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. </b> The growth in the historic period can be attributed to infection control prioritization, global health emergencies, focus on regenerative medicine, prevalence of chronic diseases.
The biomedical textiles market size is expected to see strong growth in the next few years. It will grow to <b>$23.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. </b> The growth in the forecast period can be attributed to consumer health and wellness trends, global health preparedness, military and defense applications, personalized medicine needs, telemedicine and wearable health. Major trends in the forecast period include advancements in medical technology, research collaborations, sustainable textiles trend.
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Scope Of Biomedical Textiles Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Biomedical Textiles Market Overview
Market Drivers –
The rising prevalence of chronic diseases is propeling the the biomedical textiles market going forward. Chronic diseases require medical attention and last for more than a year. This rise in chronic diseases led to a focus on surgical procedures. Biomedical textiles are used in chronic diseases for wound closure during surgeries and to prevent chronic wounds. For instance, according to The Silver Book created by a US-based non-profit organization, The Alliance for Aging Research, there will be an increase of 42% in chronic disease cases with 230.7 million people globally by 2030. Therefore, the rising prevalence of chronic diseases will drive the biomedical textiles market.
Market Trends –
Product innovations are the key trends in the biomedical textiles market. Major players in the market are focusing on research and development to launch innovative products in the growth market. For instance, in March 2022, Fabiosys Innovations, an India-based healthcare products manufacturer launched Fabium, a medical textile developed using Hi-PAT technology, which makes it highly effective against viruses, bacteria, and fungi. To create this fabric, raw cotton fabric is processed using standard textile processing equipment while exposed to various proprietary chemical formulas.
The biomedical textiles market covered in this report is segmented –
1) By Product Type: Non Implantable, Implantable
2) By Fabric: Non-Woven Biomedical Textiles, Woven Biomedical Textiles, Knitted Biomedical Textiles
3) By Fiber Type: Non Biodegradable, Biodegradable
4) By Applications: Ophthalmology, Neurology, Cardiology, Dentistry, Orthopedics, General Surgery And Treatment, Other Applications
5) By End Users: Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Other End Users
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Regional Insights –
North America was the largest region in the biomedical textiles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biomedical textiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the biomedical textiles market report are Koninklijke DSM N.V., Confluent Medical Technologies, Cardinal Health Inc, Johnson & Johnson Services Inc, B. Braun Melsungen AG, Smith & Nephew plc, Meister & Cie AG, Medline Industries Inc, 3M Company, ATEX Technologies, Integra Life Sciences Corporation, Paul Hartmann AG, BSN Medical GMBH, Elkem ASA, Bally Ribbon Mills, Asahi Kasei Corporation, Freudenberg Medical LLC, Getinge AB, Halyard Health, Kimberly-Clark Corporation, Milliken & Company, Molnlycke Health Care AB, Precision Fabrics Group Inc., Secant Group LLC, Stradis Healthcare, Tietex International Ltd., Trelleborg AB, United Medical Industries Co. Ltd., Vestagen Protective Technologies Inc., W.L. Gore & Associates Inc., Weaving Machinery UK Ltd., Welspun Group, Zimmer Biomet Holdings
Table of Contents
1. Executive Summary
2. Biomedical Textiles Market Report Structure
3. Biomedical Textiles Market Trends And Strategies
4. Biomedical Textiles Market – Macro Economic Scenario
5. Biomedical Textiles Market Size And Growth
…..
27. Biomedical Textiles Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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