The global medical textiles market is expected to grow by USD 2.99 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
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Technavio has published a latest market research report titled Global Medical Textiles Market 2020-2024 (Graphic: Business Wire)
Non-woven medical textiles are made from either natural fiber such as rayon, cotton, and wood-pulp or synthetic fibers such as low-cost bicomponent fibers, polypropylene, and polyester. They are extensively used in a wide variety of products such as bed linen and blankets, burn dressings, gowns, nasal strips, pillows, shoe covers, sponges, drug delivery devices, face masks, and filter media. They are also used in sutures, tissue scaffolds, towels, wraps, disposable underwear, dressings, baby diapers, apparel for patients and staff, absorbent pads, incontinence products, and more. The medical textiles market heavily relies on the import of non-woven medical textiles. Thus, the growing demand for non-woven medical textiles will boost the growth of the medical textiles market during the forecast period.
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As per Technavio, the growing demand for nanofibers in the medical industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Medical Textiles Market: Growing Demand for Nanofibers in the Medical Industry
Nanofibers are extensively used for many medical applications in the biomedical and healthcare sectors due to their unique properties and functionalities. They are made from biocompatible or biodegradable materials. They are used in drug delivery, wound healing, and tissue engineering. Nanofibers are also used as bioactive material or drug carrier, enable tissue replacement in the human body, and effectively supports cell proliferation. The fibers used in medical textiles are treated with Nano synthesized materials. A medical textiles company, Asahi Kasei, plans to mass-produce cellulose nanofiber (CNF) by the end of 2020. Thus, the growing demand for nanofibers in the medical industry is expected to drive market growth during the forecast period.
"The increasing healthcare spending worldwide and expanding elderly population are some other major factors that will boost market growth during the forecast period," says a senior analyst at Technavio.
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Medical Textiles Market: Segmentation Analysis
This market research report segments the medical textiles market by application (surgical, healthcare and hygiene products, and extracorporeal), product (woven medical textiles, non-woven medical textiles, and knitted textiles), and geography(North America, APAC, Europe, South America, and MEA).
The APAC region led the medical textiles market in 2019, followed by Europe, North America, South America, and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as increasing rates of industrialization and urbanization.
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Some of the key topics covered in the report include:
Application segmentation
- Surgical
- Healthcare and hygiene products
- Extracorporeal
Product segmentation
- Woven medical textiles
- Non-woven medical textiles
- Knitted textiles
Geographic segmentation
- North America
- APAC
- Europe
- South America
- MEA
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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