Medical Textiles Market

Medical Textiles Market Size, Share, Growth Analysis, By Product(Woven, Knitted, Non-woven, Others), By Application(Implantable Goods, Non-implantable Goods, Healthcare & Hygiene Products, Other Applications), By Regional(North America, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG25M2021 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Medical Textiles Market Insights

Market Overview:

The market for medical textiles is expected to increase at a CAGR of 4.5% from 2021 to 2028, with a market value of USD 24.70 billion in 2020. The increased knowledge of better healthcare facilities and effective medical treatments is predicted to raise the market for textiles of a medical grade. The increasing use of implanted medical textile products, such as synthetic ligaments, tendons, and body part modifications, is another factor driving the market. Additionally, it is projected that the world's ageing population will increase demand for procedures involving knee and joint replacements, increasing the use of implantable products and supporting the market's expansion.

Medical Textiles Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Textiles by segment aggregation, the contribution of the Textiles in Consumer Durables & Apparel and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Medical Textiles was estimated to be valued at US$ XX Mn in 2021.

The Medical Textiles Market is estimated to grow at a CAGR of XX% by 2028.

The Medical Textiles Market is segmented on the basis of Product, Application, Regional.

Based on region, the Medical Textiles Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Medical Textiles Market are Atex Technologies, Inc., Life-Threads, Careismatic Brands, Bally Ribbon Mills, Freudenberg & Co. KG, Trelleborg AB, Indorama Corporation, Herculite, PurThread Technologies, Inc., Fitesa, Schouw & Co..

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Medical Textiles Market

Report ID: UCMIG25M2021

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