The
global Medical Textiles Market is set to project a higher CAGR during the
forecast period. Medical textile market is a booming industry with current
trends such as consumers are becoming aware on availability of products in the
market that demand more quality and service. On a commercial basis, hospitals
and clinical institutions are gaining certifications and accreditations in the
emerging economies.
The
key drivers for the medical textiles industry emphasize on product
specification and instant product approval to enlarge market size and presence
on a global scale. The biocompatibility of a medical textile pertains to the
reactive capacity with blood and human tissue. Presence of high health risks
and rise in prevalence of chronic diseases such as high cholesterol and
cardiovascular diseases is anticipated to drive the market growth for the
forecast period. By raw material the medical textiles market is segmented as
knitted, woven and non-woven. Application segment for medical textiles industry
comprises healthcare & hygiene products, implantable good and
non-implantable goods.
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Geographical
segmentation for medical textile market includes North America, South America,
Europe, Asia-Pacific, Middle East and Africa. European regions account for a
significant share owing to maturity of the healthcare market and rise in
spending by the regional government. However, political tensions with Ukraine
leading to debility of healthcare spending might influence the market situation
in Europe.
Asia-Pacific
regions are likely to grow during the forecast period and witness higher CAGR
owing to rise in demand for baby diapers coupled with rise in standard of
living. Increase in spending power of consumers adds to the market development.
Availability of baby diapers and hygiene products propels the market scenario
in APAC sector.
North
America accounts for a robust development in the global scenario due to
technological advances and existing products with innovative design and
materials. Rise in surgical procedures and need for hospitalization for
cardiovascular disease and favorable policies stimulates the market. The key
players in the medical textiles industry include Kommanditgesellschaft, ATEX
Technologies, Inc, Bally Ribbon Mills, Freudenberg & Co. and Vestagen Technical
Textiles, Inc.
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Global medical textiles application
outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2022)
• Implantable goods
• Healthcare & hygiene products
• Non-implantable goods
• Others
Global
medical textiles raw material outlook (Volume, Kilo tons; Revenue, USD Million,
2012 - 2022)
• Non-woven
• Knitted
• Woven
• Others
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