Medical Textiles Market

Medical Textiles Market Size & Growth (2023-2028)

The medical textiles market was calculated to be USD 16,686.3 million in 2022 and is anticipated to garner a CAGR of 4.95% by 2028 due to the increase in the geriatric population, ongoing technological advancements, and framework. Strict legislation requiring the use of medical textiles is predicted to boost the market throughout the foreseen period.

The worldwide market for medical textiles is expanding at the expense of a plethora of reasons. Government agencies in several nations around the world have introduced several strict regulations requiring the use of medical textiles. At the same time, these government organizations offer financial support for non-implantable products. A specially designed and manufactured textile material for medical applications such as implants, surgeries, first aid procedures, and clinical treatments is known as medical textile. Medical textile materials are manufactured with great precision to avoid any harm to the human body; therefore, they are non-toxic, biocompatible, and non-allergenic. The use of these textiles is based on their properties such as filtration, lightness, absorption, and flexibility.

Medical textile testing is the evaluation of the performance of garments and fabrics employed in hospitals. The worldwide medical textile testing market is predicted to grow at a high CAGR throughout the foreseen period. The growing call for medical textile products, coupled with the rising importance of safety and hygiene in the medical textile industry, has driven the market around the world. Technological developments, strict quality and safety regulations in the medical textile industry, and escalated healthcare spending are a few key factors driving business expansion.

Medical Textiles Market Drivers:

The worldwide medical textiles market is growing at a dizzying rate due to the escalating number of technological advances and surgeries in the medical field. Factors such as cost-effectiveness, product innovations, escalated awareness of hospital-acquired infections, the growing need for better infection control, growing concern for patient protection, an escalating aging population, and regulations for healthcare and patient safety professionals are driving the expansion of the worldwide market for medical textiles. Therefore, the increase in the number of implants, surgeries, patients with chronic diseases and the increase in accidents are other factors driving the global medical textiles market.

In addition, the growing awareness of people towards hygiene and the expansion of medical sectors is also predicted to boost the worldwide market. Medical textiles are employed in a wide variety of applications ranging from non-implantable products such as bandages, wound care, compression garments, prosthetic socks, adhesive tapes, protective eye pads, and orthopedic belts. Technical advances in active implants, tissue engineering, spinal implants, and socio-economic changes in developing countries, as well as the change in age structure of industrialized countries, are predicted to increase market expansion in the near future. Manufacturing companies are taking advantage of this opportunity to position themselves favorably in the global medical textiles market to gain the trust of customers and expand their geographic footprint, especially in developing economies. Large market players strive to expand their product lines to meet changing consumer preferences for tailored solutions and minimize product development risks, while smaller market players are actively involved in competing with the large manufacturing giants, thus escalating profit margins

Opportunities in the Medical Textiles Market:

Escalated awareness of the latest wound care technologies is driving the use of products in the global medical textile market. Lower manufacturing costs, and cheap and skilled labor create opportunities for emerging markets.

Challenges in the Medical Textiles Market:

The presence of strict compliance and regulations on the use of certain materials and their manufacturing methods is predicted to slow down market expansion. The lack of certain raw materials necessary for the regular production of these products is likely to challenge market expansion.

MEDICAL TEXTILES MARKET REPORT COVERAGE:

Medical Textiles Market Segmentation as per the research report until 2028.

Medical Textiles Market - By Fabric:

• Woven
• Knitted
• Non-Woven
• Others

Woven fabrics are comparatively inexpensive and the need for skilled labor is also not great, and this segment is predicted to drive call from the medical textile industry throughout the foreseen period.

Medical Textiles Market - By Application:

• Implantable Goods
• Non-Implantable Goods
• Healthcare & Hygiene Products
• Others

The increase in the number of chronic diseases, including coronary heart disease, cholesterol, and hypertension, is supposed to have a positive impact on the call for medical textiles in the implantable segment.

Medical Textiles Market - By Region:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• Middle East & Africa 

Europe dominates the market for medical textiles. North America follows this trend and is likely to continue the same in the future. Asia-Pacific will experience rapid expansion thanks to government programs, the expansion of manufacturing units, and the extensive promotion of medical textile products in this locale. Regionally, the worldwide medical textiles market is predicted to rebound in notable amounts in the form of revenue in North America. The main reasons for this projection are the presence of strong healthcare infrastructure and an escalated awareness of advanced wound care technologies. North America is predicted to dominate the medical textiles industry due to remarkable expansion in the end-use business, especially implantable products and health and hygiene products. In 2020, North America registered the largest share of 32.50% of the entire medical textile industry. Escalating awareness of new wound care technologies, growing aging and diabetic populations, and government funding are foreseen to drive the market throughout the outlook period. Europe accounted for the second-largest share of the overall market in 2020. The United Kingdom and Sweden are determined to see a stronger recovery in health spending throughout the calculated timeframe.

Recent Developments 

• Duvaltex launches a complete range of medical textiles. Duvaltex is ramping up production to offer a full line of Level 1 and 2 gowns and antimicrobial cleaning textiles for healthcare workers and frontline patients in the United States.

• Trident launches a new line of products in various categories, taking into account the calls of medical workers, as well as the call of consumers, after COVID-19.

Major Key Players:

1. Kimberly-Clark Corporation

2. Beiersdorf India Pvt. Ltd

3. Johnson & Johnson

4. Vestagen Technical Textiles Inc

5. Honeywell International

6. Imedex Biomateriaux

7. Halyard Health