Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 33.96 Billion | USD 49.61 Billion | 4.3% | 2023 |
According to a report from Zion Market Research, the global Medical Textile Market was valued at USD 33.96 Billion in 2023 and is projected to hit USD 49.61 Billion by 2032, with a compound annual growth rate (CAGR) of 4.3% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Medical Textile Market industry over the next decade.
A textile material specifically designed and made for medical applications like implants, surgeries, care procedures, and clinical treatments is understood because the medical textile. Medical textile materials are very precisely made to avoid any damage to the human body; hence they're non-toxic, biocompatible, and nonallergenic. The utilization of those textiles relies on their properties like filtering, lightness, absorption, and adaptability. A number of the commonly used medical textiles in our day-to-day life are sanitary napkins, diapers, eye lenses, and surgical apparel like masks, caps, gowns, patient clothing, and others.
The global medical textile market is growing at a substantial rate due to the increasing number of surgeries and technological advancements within the medical field. Factors like cost-effectiveness, product innovations, increasing awareness about hospital-acquired infections, rising need for better infection control, growing concerns about patient protection, increasing aging population, and growing stringent regulations for healthcare professionals and patient safety are fuelling the expansion of the worldwide medical textile market. Hence, the rising number of implants, surgeries, patients with chronic illness, and an increasing number of accidents are other factors driving the worldwide medical textile market. Additionally, growing awareness among people regarding hygiene and growing medical sectors also are anticipated to drive the worldwide medical textile market. Conversely, restricted raw materials and strict government regulations on the manufacturing process of the products may act as restraints for the expansion of the worldwide market.
Report Attributes | Report Details |
---|---|
Report Name | Medical Textile Market |
Market Size in 2023 | USD 33.96 Billion |
Market Forecast in 2032 | USD 49.61 Billion |
Growth Rate | CAGR of 4.3% |
Number of Pages | 150 |
Key Companies Covered | Kimberly-Clark Corporation, Beiersdorf India Pvt. Ltd., Johnson & Johnson, Vestagen Technical Textiles Inc, Honeywell International, Imedex Biomateriaux, and Halyard Health |
Segments Covered | By Product Type, By Application, and By End Use and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Segment Analysis Preview
Based on fabric, the global medical textile market is segmented as non-woven, woven, and knitted. Based on the end-use, the global market is segmented as Implantable textile, non-implantable textile, hygiene products, and healthcare products. Non-implantable materials include plaster, gauze, wadding, compression bandage, elastic bandage, wound dressing, and others. Implantable products such as artificial ligaments, vascular grafts, and extracorporeal devices can be used inside the human body. These textiles provide hygiene and protect their user against blood, urine, bodily fluids, saline, and other chemicals while surgery.
Medical Textile Market: Regional Analysis Preview
Regionally, Europe dominates the medical textile market. This trend is followed by North America and is anticipated to continue trend in the future. Asia-Pacific is expected to grow rapidly owing to government schemes, rising manufacturing units, and the wide promotion of medical textile products in this region.
Major manufacturers in the medical textile market are
Other key players influencing the global medical textile market are
By Fabric
By Application
By Region
FrequentlyAsked Questions
The global Medical Textile Market was valued at USD 33.96 Billion in 2023.
The global Medical Textile Market is expected to reach USD 49.61 Billion by 2032, growing at a CAGR of 4.3% between 2024 to 2032.
Factors such as cost-effectiveness, product innovations, increasing awareness about hospital-acquired infections, rising need for better infection control, growing concerns about patient protection, increasing aging population, and growing stringent regulations for healthcare professionals and patient safety are fueling the growth of the global medical textile market.
Europe in 2023 ruled the Medical Textile Market and was believed to be the highest income-generating area all over the globe.
Major manufacturers in the medical textile market are Kimberly-Clark Corporation, Beiersdorf India Pvt. Ltd., Johnson & Johnson, Vestagen Technical Textiles Inc, Honeywell International, Imedex Biomateriaux, and Halyard Health. Other key players influencing the global medical textile market are Cardiva Integral Solutions, Bally Ribbon Mills, Freudenberg & Co. KG, Bluestar Silicones International, and Biomedical Structures.
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