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Global Medical Textiles Market Size By Type (Woven, Non- woven, Knitted), By Application (Healthcare & Hygiene Products, Implantable Goods, Non-implantable Goods), By Geographic Scope And Forecast


Published on: 2024-08-14 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Medical Textiles Market Size By Type (Woven, Non- woven, Knitted), By Application (Healthcare & Hygiene Products, Implantable Goods, Non-implantable Goods), By Geographic Scope And Forecast

Medical Textiles Market Size And Forecast

Medical Textiles Market size was valued at USD 15.51 Billion in 2023 and is projected to reach USD 26.07 Billion by 2031, growing at a CAGR of 7.4% during the forecast period 2024-2031.

Global Medical Textiles Market Drivers

The market drivers for the Medical Textiles Market can be influenced by various factors. These may include

  • Expanding Healthcare Industry The need for medical textiles is directly related to the healthcare industry, which is seeing global expansion as a result of aging populations, population increase, and rising healthcare costs.
  • Technological Advancements The development of advanced fibers, nonwovens, and smart textiles, among other innovations in textile materials and production techniques, is what propels the growth of the Medical Textiles Market. These developments frequently result in enhanced functionality, comfort, and performance in medical textiles, increasing their attractiveness to patients and healthcare professionals alike.
  • Growing Chronic Illnesses The usage of medical textiles in wound care, orthopedic support, compression treatment, and other medical applications is required due to the rising incidence of chronic illnesses like diabetes, cardiovascular disease, and respiratory disorders.
  • Measures to Control Infection Preventing and controlling infections has become crucial in healthcare environments, which has increased demand for barrier and antimicrobial fabrics that lower the risk of cross-contamination and healthcare-associated infections (HAIs).
  • Demand for Personal Protective Equipment (PPE) The COVID-19 epidemic brought PPE’s significance in hospital settings and other contexts into sharp relief. Surgical gowns, masks, gloves, and drapes are among the many essential PPE items that are in high demand both during and after health emergencies.
  • Aging Population As the world’s population ages, there is a greater demand for medical textiles used in geriatric care, including pressure ulcer-prevention bedding materials, incontinence products, and support stockings.
  • Regulatory Environment The regulatory landscape Within the medical textiles sector, market dynamics and product development are influenced by adherence to strict regulatory requirements and rules, particularly with regard to product safety, quality, and performance.
  • Environmental Sustainability As environmental concerns get more attention, the textile industry—including that of medical textiles—is moving toward more environmentally friendly and sustainable materials and manufacturing techniques. Customers’ preferences and purchase decisions may be influenced by this movement toward sustainability.

Global Medical Textiles Market Restraints

Several factors can act as restraints or challenges for the Medical Textiles Market. These may include

  •  Stringent Regulatory Requirements Medical textile manufacturers may encounter difficulties in adhering to challenging regulatory requirements and standards that are specific to the healthcare sector. Frequently, significant investments in research, development, and testing are required to satisfy these criteria.
  • High Production Costs Producing medical textiles necessitates the use of specialized materials and manufacturing processes, which results in exorbitant production expenses. This can impede the expansion of the market, especially for startups or lesser manufacturers.
  • Restricted Availability of Raw Materials Certain medical textiles necessitate particular raw materials that might encounter disruptions in the supply chain or be unavailable. The reliance on these materials may result in cost increases and disruptions to production schedules.
  • Competition from Alternative Materials Alternative materials present a formidable challenge to conventional materials employed in medical textiles, including polyester and cotton. Emerging alternatives include biodegradable polymers and antimicrobial fabrics. Manufacturers must innovate in order to maintain market competitiveness.
  • Technological intricacy The creation of sophisticated medicinal textiles featuring improved functionalities necessitates significant financial investment and technological proficiency. Smaller firms and new entrants may be discouraged from entering the market by its complexity.
  • Concerns Regarding Biocompatibility and Safety Biocompatibility and safety concerns arise due to the direct contact that medical textiles have with the skin or body tissues of patients. As a result, stringent compliance with biocompatibility and safety standards is imperative. Maintaining the safety and effectiveness of these textiles can present difficulties and require a significant investment of time.
  • Insufficient Knowledge and Acceptance Notwithstanding the manifold potential advantages of medical textiles in the healthcare sector, a dearth of consciousness among healthcare practitioners and end-users may exist. Providing stakeholders with knowledge regarding the benefits of these textiles and their proper application is crucial for the expansion of the market.
  • Economic Aspects The procurement choices of healthcare facilities with respect to medical textiles may be influenced by the purchasing power of such facilities being affected by economic fluctuations and healthcare budget constraints in different regions.

Global Medical Textiles Market Segmentation Analysis

The Global Medical Textiles Market is segmented on the basis of Type, Application, and Geography.

Medical Textiles Market, By Type

  • Woven
  • Non-woven
  • Knitted
  • Others

Based on Type, the market is segmented into Woven, Non- woven, Knitted, and Others. The non-woven segment dominated the global market as this is attributable to the product’s exceptional qualities, which include its high air permeability, superior strength-to-weight ratio, high level of bacterial resistance, and improved capacity for transmitting water vapor. The global COVID-19 pandemic outbreak has caused an increase in demand for non-woven medical materials. To stop the spread of viruses, there is now much more need for personal protective equipment (PPE), such as gowns and face masks. Face masks must always be worn in public areas, according to strict laws that have been imposed by governments in many different nations.

Medical Textiles Market, By Application

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

Based on Application, the market is segmented into Healthcare & Hygiene Products, Implantable Goods, Non-implantable Goods, and Others. Healthcare & Hygiene Products dominated the global market because one of the most common uses for medical textiles is in health and hygiene items such as face masks, gowns, medical bags, shoe covers, bedsheets, incontinence pads, pregnancy pads, curtains, caps, wipes, and sanitary napkins.

Medical Textiles Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of Geography, the Global Medical Textiles Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is expected to lead the global market. This is linked to an expansion in non-woven fabric production facilities across a number of nations, including China, India, Japan, etc. To meet the rising demand for raw materials for the creation of PPE products such as face masks and surgical gowns, several medical textile businesses in the area have established production lines to enhance their manufacturing capacities.

Key Players

The major players in the Global Medical Textiles Market are

  • Precision Fabric Group, Inc.
  • Fabrico
  • Atex Technologies, Inc.
  • Bally Ribbon Mills
  • Freudenberg & Co. KG
  • Trelleborg AB
  • Indorama Corporation
  • Herculite
  • Asahi Kasei Corporation
  • Cardinal Health, Inc.
  • Getinge AB
  • Schouw & Co.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Precision Fabric Group, Inc., Fabrico, Atex Technologies, Inc., Bally Ribbon Mills, Freudenberg & Co. KG, Trelleborg AB, Indorama Corporation, Herculite.

SEGMENTS COVERED
  • By Type
  • By Application
  • By Geography
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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