USD 32.20 billion
Report ID:
SQMIG15A2431 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
90
|Figures:
68
Global Biomedical Textiles Market size was valued at USD 32.20 billion in 2022 and is poised to grow from USD 33.58 billion in 2023 to USD 47.03 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).
Increasing awareness of improved healthcare facilities and effective medicine is driving the demand for medically appropriate clothing. Market growth continues to be driven by the increasing use of medical dressings including artificial dentition, body augmentation and dental implants. Growing geriatric population is expected will also contribute to the market expansion across the globe, as it increases the number of knee joint replacement surgeries, driving the demand for implants, and fuel market growth.
Increasing demand for wound care products such as plasters, gauze and orthopedic implants will act as a key factor to accelerate the growth of the global biomedical textiles market. Another important consequence of market expansion is the increasing elderly population. Also, increasing number of surgeries and high quality pharmaceutical textiles are the major factors driving the market growth. Similarly, increase in the number of chronic problems and accidents and rapid urbanization will show a positive impact on market growth. Increasing healthcare costs in developing countries, changing lifestyles and increasing disposable income will impact the growth of global biomedical textiles market.
Global Market Size
USD 32.20 billion
Largest Segment
Biodegradable
Fastest Growth
Growth Rate
4.3% CAGR
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The biomedical textiles market is segmented on the basis of fiber type, fabric type, application, and region. On the basis of fiber type, the market is categorized into non-biodegradable fiber, biodegradable fiber, and others. On the basis of fabric type, the market is categorized into woven, non-woven, and others. On the basis of application, it is divided into implantable, non-implantable, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Fabric
Woven fabrics are widely used for non-invasive applications such as bandages. It is also used in orthopedics and skin care products. Woven fabrics are used as an alternative to conventional fabrics because of their excellent absorbency, flexibility, flexibility, durability, stretchability, comfort and fit, as well as their cost-effectiveness.
Woven textiles play an important role in the biomedical textiles market, contributing to the growth of various medical textiles used in healthcare applications Biomedical textiles refer to products intended for use in medical and healthcare applications, from wound care , wound dressings to surgical instruments and safety top garments with unique properties to fulfill Systems also use weaving techniques to produce garments.
Analysis by Fiber
The non-biodegradable segment is expected to register rapid growth during the forecast period. The increasing use of non-biodegradable sutures in the manufacture of biomedical garments, intended for closure of open wounds and removal after complete wound healing, increases revenue for this segment including surgical sutures , textiles, external body devices and soft and hard tissue replacements.
The biodegradable segment of the biomedical textiles market plays an important role in addressing environmental concerns and promoting sustainable practices in the healthcare industry. Biodegradable materials have potential breaking down naturally over time, reducing environmental impact. In medical textiles, the use of biodegradable materials helps to reduce the accumulation of non-biodegradable waste associated with medical devices and implants.
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North America is expected to dominate the global market, owing to the highly developed healthcare sector in the US, and the continued investment in this sector to develop the medical technology sector over the years. Moreover, with increasing obesity issues in the country, various diseases affecting the population, and various therapeutic needs in the country, textiles for pharmaceutical a the demand for applications is increasing.
Asia-Pacific was the largest revenue-generating market for biomedical textiles and is expected to witness the highest demand during the forecast period. The growing population in Asia Pacific makes it increasingly important for healthcare facilities to address the issues of aging population, chronic lifestyle diseases and increasing accidents This is likely to drive demand for fabric a of biopharmaceuticals in the healthcare industry has been enhanced during the forecast period.
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Drivers
Increased Demand for Transplantable Part
Restraints
Rising R&D Costs Associated with Quality Apparel Production
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The competitive environment of the global Biomedical Textiles market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
Recent Developments
Development of Healthcare Services to Increase Market Growth
Revolutionizing Healthcare with Smart Biomedical Textiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. One of the major factors driving the market growth is the increasing global elderly population. Osteoporosis, heart disease, spine and eye disease are common in the elderly due to age-related physiological changes. Most of these diseases can be successfully treated with surgery. Thus, the aging population is driving the demand for surgery. According to the Centers for Disease Control and Prevention (CDC), each year in the United States, emergency rooms treat 2.7 million elderly patients who have fallen. Because the cells due to decreased function, the body’s natural ability to prevent and heal wounds decreases with age. Chronic injuries such as pressure sores are also very common in the elderly population.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 32.20 billion |
Market size value in 2031 | USD 47.03 billion |
Growth Rate | 4.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Biomedical Textiles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biomedical Textiles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biomedical Textiles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biomedical Textiles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2431
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