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The Global Medical Textiles Market Size is estimated to grow by USD 6,097.14 million between 2022 and 2027 accelerating at a CAGR of 5.92%.
Factors such as aging population, medical tourism, and rising health awareness are driving the growth of global healthcare spending, along with government initiatives for FDI and market expansion. The increasing healthcare spending in top countries like India, the US, China, the UK, and Brazil will also drive the demand for medical textiles during the forecast period. According to CMS, healthcare spending is expected to grow at a high rate, contributing to the growth of the global medical textiles market. The significant CAGR of global healthcare spending during the forecast period will accelerate the demand for medical textiles in the healthcare industry.
This report extensively covers market segmentation by Product (woven medical textiles, non-woven medical textiles, and knitted textiles), Application (surgical, healthcare and hygiene products, and extracorporeal), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global medical textile market is expected to experience exponential growth due to various factors, including the unprecedented growth in the elderly population worldwide and changes in demographics and living standards. Medical textiles are in high demand for wound control and hygiene, particularly among the expanding elderly population aged 65 and above. The global population aged 65 and above is projected to increase during the forecast period, further driving the demand for medical textiles such as natural and synthetic fibers. The APAC region, particularly India and China, with the largest population globally, is expected to accelerate the demand for medical textiles due to the growing aging population.
Nanofibers, a type of one-dimensional nanomaterial, have unique properties and functionalities that make them ideal for various medical applications. They are manufactured using biocompatible or biodegradable materials, which make them suitable for the biomedical and healthcare sectors. Their high surface area and porosity make them superior to micro and macro counterparts made of the same materials. Nanofibers are used in tissue engineering, wound healing, and drug delivery. For instance, Asahi Kasei plans to mass-produce cellulose nanofiber, and Fibertex Nonwovens has already started mass-producing nanoproducts for the medical industry. In wound healing, nanofiber layers made from biopolymers such as chitosan and collagen are used as wound dressings. In tissue engineering, nanofiber materials made from biopolymers such as collagen and polycaprolactone are used as substrates for growing cells. The growing demand for nanofibers in the medical industry will have a positive impact on the global medical textile market.
The petroleum-based chemicals are the raw materials used to manufacture synthetic fibers such as polyester, polyamide, polyvinyl alcohol, and polyurethane urea (PUUR). Synthetic fibers are mainly polymers that are manufactured from crude oil. The fluctuations in crude oil prices have adversely affected the prices of these raw materials, which has affected the cost of synthetic fibers for the global medical textiles market. The fluctuation in crude oil prices can have an adverse impact on the prices of synthetic fibers and their uses. Therefore, petroleum-based chemicals is expected to deal a severe blow to the global medical textiles market in terms of growth.
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The market share growth of the woven medical textiles segment will be significant during the forecast period. Woven fabrics are manufactured using two or more sets of yarn interlaced at right angles to each other; they are used in clothing and garments or for decoration and covering purposes. Woven fabrics are generally more durable, and the process of weaving them is based on thread density, crimp, and yarn count. Some of the benefits of woven medical textiles include flexibility, low elongation, controlled porosity, high tensile strength in both longitudinal and crosswise directions, etc. These above-mentioned factors will have a positive impact on segment growth.
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The woven medical textiles segment was valued at USD 6,466.96 million in 2017 and continue to grow until 2021. Woven medical textiles are usually used in products requiring extreme stability and high durability. For instance, a good-quality surgical gown must be manufactured using breathable fabric material that is light, comfortable, tough, and durable enough to withstand abrasion, ripping, and puncture. Woven medical textiles are also used in healthcare and hygiene applications and for manufacturing surgical clothing and surgical covers. During the forecast period, the growing demand for healthcare and hygiene products for medical applications is expected to heighten the demand for medical textiles.
Medical textiles used in surgical applications can be categorized as either implantable or non-implantable. Implantable medical textiles, such as sutures and implants, can be made of materials like collagen, polyamide, and polyethylene terephthalate, and are used in various parts of the body, including tendons and vascular grafts. Non-implantable medical textiles, such as wound dressings and compression bandages, are used externally and protect against infection and excess fluids. As the number of surgical procedures worldwide increases, the demand for medical textiles is expected to grow during the forecast period.
APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The surging demand for medical textiles in APAC is attributable to the emergence of various discrete medical manufacturing equipment industries. In addition, increasing rates of industrialization and urbanization are boosting the market in the region. Some of the countries, such as China, India, Japan, and South Korea, are leading contributors to the market in APAC. The market in APAC is expected to grow at a moderate growth rate during the forecast period. The indigenous production of medical textiles in China and South Korea and the fast penetration of such products in countries such as India, Malaysia, China, South Korea, and Japan are major growth drivers for the market in APAC.
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The COVID-19 outbreak in 2020 caused disruptions throughout the supply chain of various industries, including textiles, manufacturing, and automotive. However, the availability of vaccines and relaxation of lockdown restrictions in 2021 allowed for the resumption of business activities, including medical treatment procedures, resulting in an increase in demand for medical textiles. Furthermore, the growing awareness of hygiene and expansion of the medical industry is expected to drive the demand for medical textiles in the region in 2022 and beyond.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Medical Textiles Market. One of the major vendor in the market include:
Freudenberg SE - The company offers medical textiles such as underwear and belts for hernia and ostomy, bra and compression garments for post-surgery, and horseshoes for hip protection. Under this segment, the company operates business groups such as Freudenberg Performance Materials, Freudenberg Filtration Technologies, and Japan Vilene Company. Under the speciality segment, the company operates business groups such as Freudenberg Chemical Specialties, Freudenberg Medical, Freudenberg Business Services, and Freudenberg Service.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Medical Textiles Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.92% |
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Market growth 2023-2027 |
USD 6,097.14 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.66 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ahlstrom Munksjo, Asahi Kasei Corp., ATEX Technologies Inc., Bally Ribbon Mills, Baltex, Cardinal Health Inc., Confluent Medical Technologies, FIBERWEB INDIA LTD., First Quality Enterprises Inc., Gebruder Aurich GmbH, Getinge AB, Kimberly Clark Corp., KOB GmbH, PFNonwovens AS, Priontex, Schoeller Textil AG, Schouw and Co., TWE GmbH and Co. KG, Tytex AS, and Freudenberg SE |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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