Medical Textiles Market (By Product: Woven, Knitted, Non-woven; By Application: Implantable Goods, Non-implantable Goods, Healthcare & Hygiene Products) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Nov 2021 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global Medical Textiles market size is expected to be worth around US$ 30.2 billion by 2030, according to a new report by Vision Research Reports.

The global Medical Textiles market size was valued at US$ 26.70 billion in 2020 and is anticipated to grow at a CAGR of 5.5% during forecast period 2021 to 2030.

Report Coverage

Report Scope Details
Market Size US$ 30.2 Billion by 2030
Growth Rate CAGR of 5.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Atex Technologies, Inc.; Life-Threads; Careismatic Brands; Bally Ribbon Mills; Freudenberg & Co. KG; Trelleborg AB; Indorama Corporation; Herculite; PurThread Technologies, Inc.

Growth Factors

 The emergence of new areas of applications of medical textiles, along with the development of new fibers and manufacturing technologies for yarn and fabrics, is expected to bolster the market growth over the forecast period.

The growing use of medical textile-based implantable goods, such as artificial ligaments, tendons, and body part enhancements, is expected to drive the market. the burgeoning aging population globally is expected to boost the number of surgeries for knee and joint replacement, in turn, driving the usage of implantable goods, thereby driving the market.

By Product Analysis

The non-woven segment led the market and accounted for over 65.0% share of the global revenue in 2020 and is expected to witness the fastest growth over the forecast period.

Non-woven medical textiles have witnessed a spike in demand due to the global outbreak of the COVID-19 pandemic. The demand for personal protective equipment (PPE), such as face masks and gowns, has significantly increased to curb virus transmission.

The knitted medical textiles product segment is expected to expand at a revenue-based CAGR of 3.4% on account of the rising demand for the production of artificial blood vessels, cell scaffolds, hernia patches, 

Knitting technology has been gaining popularity over the past few years owing to the ongoing research activities to manufacture high-tech medical textiles for making cell scaffolds in tissue engineering applications. 

By Application Analysis

The healthcare and hygiene products segment led the market and accounted for over 45.0% share of the global revenue in 2020. The segment is also expected to witness the highest growth in the years to come. 

The governments of several countries including the U.S., India, Brazil, the UAE, the U.K., Germany, and China have constructed new health facilities and expanded existing facilities for the treatment of COVID infected patients to increase the number of beds per 100,000 population. 

The non-implantable goods segment is expected to register a revenue-based CAGR of 4.4% over the forecast period. The demand for non-implantable goods is expected to be driven by the growing number of surgeries globally as non-implantable goods protect wounds and stitches from the external environment.

Non-implantable goods are primarily used to reduce swelling, improve healing, reduce hemorrhage, restrict movement of the wound edges, provide pain relief, and keep intravenous cannula in place. 

By Regional Analysis

Asia Pacific dominated the market and accounted for over 30.0% share of the overall revenue in 2020. This is attributed to an increase in the number of manufacturing facilities for non-woven fabrics in several countries, including China, Taiwan, South Korea, India, Japan, and Indonesia.

Several medical textile companies in the region have added production lines to increase their manufacturing capacities to cater to the growing demand for raw materials for the manufacturing of PPE products, such as face masks, and surgical gowns.

Europe is expected to exhibit a revenue-based CAGR of 4.2% from 2021 to 2030. This is attributed to the rise in the healthcare expenditure in 2020 in several countries, including Germany, the U.K., Spain, France, Italy, and Russia.

The growth in the number of cosmetic surgeries from 2020 to 2021 in several European nations, including Italy, Germany, the U.K., Russia, and Spain, is expected to create new growth opportunities for the market. 

Key Players

  • Atex Technologies, Inc.

  • Life-Threads

  • Careismatic Brands

  • Bally Ribbon Mills

  • Freudenberg & Co. KG

  • Trelleborg AB

  • Indorama Corporation

  • Herculite

  • PurThread Technologies, Inc.

  • Fitesa

  • Schouw & Co.

  • Kimberly-Clark Corporation

Market Segmentation

  • By Product

    • Woven

    • Knitted

    • Non-woven

    • Others

  • By Application

    • Implantable Goods

    • Non-implantable Goods

    • Healthcare & Hygiene Products

    • Other Applications

  • Regional

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

The Medical Textiles market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Medical Textiles market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Medical Textiles market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Textiles market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical Textiles market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Medical Textiles capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Medical Textiles by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Medical Textiles market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical Textiles market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical Textiles market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Medical Textiles industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Medical Textiles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Medical Textiles market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical Textiles market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical Textiles market. These factors have benefited the growth of the global market for Medical Textiles. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical Textiles. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Medical Textiles are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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