Global Medical Textiles Market Report and Forecast 2024-2032

Global Medical Textiles Market Outlook

The global medical textiles market reached a value of about USD 14.72 billion in 2023. The market is further expected to grow at a CAGR of 4.6% between 2024 and 2032 to reach a value of nearly USD 22.10 billion by 2032.               

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North American and European Regions are Providing Significant Growth Opportunities for the Medical Textiles Market

North America and Europe are some of the major markets for medical textiles globally. The regions are being driven by the rising spending on healthcare, growth in the ageing population, and technological advancements in the wound care segment. The rising government investments in the sector are also expected to propel the growth of the medical textiles market in the regions. In North America, the United States is expected to be a major region for the industry. In the United States, implantable goods are especially witnessing an enhanced growth due to technological developments that will enhance patient and provider confidence, along with the lack of feasible alternatives for many injuries, chronic disorders, and infections.

Within Europe, Germany and the United Kingdom are some of the significant markets for medical textiles that are being driven by the rise in the healthcare sector and the growing R&D activities. The Asia Pacific region, meanwhile, is expected to emerge as a major market for the product in the coming years, driven by the rising consumption of the product, rising demand for sanitary napkins, and the growing investments by leading companies into countries like China, India, and South Korea. Overall, the global market is expected to witness an increased demand for the product in the forecast period due to favourable regulatory framework across the globe.

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Medical Textiles: Market Segmentation

Medical textiles, also recognised as healthcare textiles, are used for various primary aids as well as for clinical purposes. These textiles include medical care and grooming products, materials that are implantable and not implantable, and extracorporeal devices. Among the most commonly used medical textiles are gauze, bandaging, wipes, prostheses, orthoses, respiratory masks, and bedding and cover. The use of artificial tissue, ligaments, and joint in surgeries is augmented by textile-based products and implants to allow a rapid recovery and improvement of the patient’s healing process.

Based on type, the industry can be bifurcated into disposable and non-disposable. On the basis of product, the industry can be divided into:

• Surgical Gowns
• Operating Room Drapes
• Sterilisation Wraps
• Face Masks
• Staff Uniforms
• Hospital Beddings and Curtains
• Wipes
• Sanitary Napkins and Diapers
• Others

Based on fabric, the market can be divided into the following:

• Woven
• Knitted
• Non-Woven
• Others

Medical textiles find wide applications in the following:

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

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Medical Industry to Propel the Global Medical Textiles Market Forward

One of the primary drivers of the market growth is the prospering medical and health industry, along with a growing awareness of healthcare practices by the consumers. The rising incidents of fire and chemical accidents and the prevalence of diseases, which cause ulcers and lacerations, have led to a growth in the demand for medical textiles, including pressure clothing as well as bandages. In addition, the rising population of diabetics and geriatrics who require frequent and intensive medical treatment are also stimulating the market growth. The increased demand for nanofibres made from biocompatible and biodegradable materials has also positively impacted the industry growth, as they contribute substantially to the healing of injuries. The reduction of healthcare costs, increasing awareness of the benefits of medical textiles, and the rising research and development (R&D) are expected to be the other major factors that are projected to contribute to the market growth. Rapid technological advancements and innovations are also expected to aid the growth of the industry in the coming years.

Key Industry Players in the Global Medical Textiles Market

The report gives a detailed analysis of the following key players in the global medical textiles market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ATEX Technologies, Inc.
• Asahi Kasei Corporation
• Bally Ribbon Mills
• Freudenberg Group
• Ahlstrom-Munksjö Oyj
• Life Threads LLC
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report