the global biomedical textiles market size was estimated at 17.32 billion USD in 2020 and reach 23.07 billion USD in 2027, registering a stable CAGR of 4.9% during the forecast period, 2021-2027. Biomedical textiles are the structures of medical textiles specially designed for dressings, hospital linen, orthopedic belts, compression garments and bandages. They are composed of textile fibers specially designed for use in biological environments. The growing preference for the use of biomedical textiles for healthcare products, implantable and non-implantable products, and hygiene products is expected to drive the growth of the global biomedical textiles market. Recent booming trends in the biomedical textiles market include the growing demand from the implantable segment and the rise of an upcoming technology such as tissue engineering.
Key Factors that will influence the Biomedical Textiles industry during the forecast period:
Factors such as growing need for surgeries, growing demand for high quality dressing materials and increasing healthcare expenditures in several countries are expected to drive the growth of the biomedical textiles market.
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The rapid growth of industrial and manufacturing sectors in emerging economies, particularly in the Asia-Pacific region, is due to the continued increase in foreign direct investment in manufacturing in the region. It is expected to increase the demand for biomedical textiles, offering a promising growth avenue for the global market.
Many governments are also providing financial aids, initiating the development and promotion of biomedical textiles to address critical health issues, which has had a positive impact on the sales of biomedical textiles, especially in the healthcare and from the pharmacy.
However, the complexity of integrating electronic circuits into textiles and the high cost associated with biomedical textiles may limit the growth in demand for biomedical textiles during the forecast period.
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Impact of COVID-19 on the Biomedical Textiles Market:
The global COVID-19 pandemic has affected almost every industry around the world. The COVID-19 outbreak has also negatively impacted the demand for biomedical textiles across several sectors, primarily the healthcare and pharmaceutical segments. Raw material shortages caused by nationwide shutdowns and resulting supply chain disruptions in the early months of the pandemic resulted in a significant gap between supply and demand. The biomedical textiles market has thus suffered a measurable fall through 2020, which is not expected to recover as most end-use industries rebound to regenerate the demand for biomedical textiles for the various application areas.
The report describes the global biomedical textiles market research based on fabric and application.
The biomedical textiles market has been segmented on the basis of fabric –
The biomedical textiles market has been segmented on the basis of application –
- Not implantable
- Health & Hygiene
Biomedical Textiles Market: Regional Outlook
Based on region, the global biomedical textiles market has been segmented into five geographical regions, namely North America, Asia-Pacific, Europe, South America, Middle East, and Europe. ‘Africa. In 2020, North America held the largest biomedical textiles market share, followed by Asia-Pacific. Europe also remains an important market due to the growing awareness among Europeans of the availability of new technologies that are beneficial to the expanding aging population and ever-growing pool of diabetes patients. Additionally, Asia-Pacific is expected to project the highest CAGR in the world during the forecast period due to increasing manufacturing capacity of products that consume large amounts of nonwoven fabrics in the region.
Leading competitors in the global biomedical textiles market include-
The biomedical textiles market is highly fragmented, with a large number of small players across the globe. Vital manufacturers of biomedical textiles operating in the global market are–
- B. Braun Melsungen AG
- Integra Life Sciences Corporation
- Johnson & Johnson Services
- Medline Industries
- Cardinal Health
- Confluent medical technologies
- secant group
- Blacksmith and nephew
- Atex Technologies
- Paul Hartmann AG
- Bally Ribbon Mills
- BSN Medical
- Meister & Cie SA
- Silicone Elkem.
The Biomedical Textiles market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook of each market player in the respective segment and region/country. The information concluded in the report includes the entries.
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The Biomedical Textiles Market report covers comprehensive analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent Analysis
- Competition Landscape
- More than 15 company profiles
Regional analysis of the biomedical textiles market includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
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Biomedical Textiles Market: Target Audience
- Manufacturers and Suppliers of Biomedical Textiles
- Investors and trading experts
- Large, medium and small businesses
- Hospitals and clinics
- Trade publications and magazines
- Government authorities, associations and organizations