Medical Textiles Market by Application, Product, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41115
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The medical textiles market share is expected to increase by USD 3.36 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.01%.

This medical textiles market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers medical textiles 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 MEA). The medical textiles market report also offers information on several market vendors, including Ahlstrom-Munksjo Oyj, Asahi Kasei Corp., Cardinal Health Inc., Freudenberg Performance Materials Holding SE and Co. KG, Getinge AB, Kimberly-Clark Corp., KOB GmbH, Schouw and Co., TWE GmbH and Co. KG, and Tytex AS among others.

What will the Medical Textiles Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Medical Textiles Market Size for the Forecast Period and Other Important Statistics

 

Medical Textiles Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for non-woven medical textiles is notably driving the medical textiles market growth, although factors such as fluctuating crude oil prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical textiles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Medical Textiles Market Driver

The non-woven medical textiles are used in a wide variety of products such as absorbent pads, incontinence products, and apparel for patients and staff. These are also used in baby diapers, bed linen and blankets, burn dressings, gowns, disposable underwear, dressings, drug delivery devices, face masks, filter media, nasal strips, pillows, shoe covers, sponges, sutures, tissue scaffolds, towels, wraps, and others. The materials used to manufacture non-woven medical textiles include fibers that are either natural or synthetic. The natural fibers used in non-woven medical textiles include wood-pulp, cotton, and rayon. Wood pulp is used for its obvious absorbency, bulk, and low cost, while cotton and rayon are gentle enough to be used directly on wounds. Some of the properties of synthetic fibers used in nonwoven medical textiles include improved product strength, solvent resistance, static dissipation, and others. Therefore, the growing use of fibers in non-woven medical textiles will accelerate the demand for medical textiles and drive the growth of the global medical textiles market during the forecast period. 

Key Medical Textiles Market Trend

Nanofibers are an important class of one-dimensional nanomaterials that are being used in many medical applications. Nanofibers have a high surface area and porosity, which helps enhance the adhesion of cells as well as various proteins and drug molecules. These attributes make them superior to their micro and macro counterparts composed of the same materials. Some of the major applications of nanofibers in the medical industry are tissue engineering, wound healing, and drug delivery. In drug delivery, the nanofiber membrane from biopolymers is used as a bioactive material or drug carrier. In wound healing, nanofiber layers produced from biopolymers such as chitosan, gelatin, collagen, and polycaprolactone are used as a wound dressing to aid the wound healing process. In tissue engineering, nanofiber materials made from biopolymers such as collagen, polylactic acid, and polycaprolactone are used as substrates for growing cells. These fibers effectively support cell proliferation and enable tissue replacement in the human body. Therefore, the growing demand for nanofibers in the medical industry will have a positive impact on the global medical textile market during the forecast period.

Key Medical Textiles Market Challenge

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. Additionally, fluctuations in the prices of crude oil cause variations in the manufacturing cost of synthetic fibers. Consequently, this will have a significant impact on the prices of medical textiles. The fluctuating oil prices have compelled vendors operating in the market to implement various cost-cutting measures. Therefore, fluctuation in crude oil prices is expected to deal a severe blow to the global medical textiles market in terms of growth.

This medical textiles market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global medical textiles market as a part of the global textiles market, within the global textiles, apparel, and luxury goods market. The parent, global textiles, market covers a variety of product categories (textiles) used for various applications, including fashion, technical, home furnishings, and others. The global textiles market excludes apparel, accessories, luxury goods, and footwear. Technavio calculates the global textiles, apparel, and luxury goods market size based on the combined revenues generated by manufacturers of apparel, accessories, luxury goods, footwear, and textiles. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical textiles market during the forecast period.

Who are the Major Medical Textiles Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ahlstrom-Munksjo Oyj
  • Asahi Kasei Corp.
  • Cardinal Health Inc.
  • Freudenberg Performance Materials Holding SE and Co. KG
  • Getinge AB
  • Kimberly-Clark Corp.
  • KOB GmbH
  • Schouw and Co.
  • TWE GmbH and Co. KG
  • Tytex AS

 

This statistical study of the medical textiles market encompasses successful business strategies deployed by the key vendors. The medical textiles market is fragmented and the vendors are deploying growth strategies such as M&A, joint ventures, product launches, and online and brick-and-mortar sales of products to compete in the market.

Product Insights and News

  • Cardinal Health Inc. - The company offers medical textiles products such as Surgical Drapes and Surgical Gowns.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical textiles market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Medical Textiles Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the medical textiles market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the textiles market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Services
  • Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Medical Textiles Market?

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43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for medical textiles in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The emergence of various discrete medical manufacturing equipment industries will facilitate the medical textiles market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 impacted medical textiles in terms of many aspects. Many clinics and several hospital departments were temporarily closed, which led to the cancellation and postponing of several surgical procedures and thus resulted in a decrease in the demand for medical textiles in the region. The COVID-19 outbreak and the associated lockdowns and restrictions adversely affected the manufacturing units of vendors in the market and caused supply chain disruptions. This situation led to a reduction in the number of surgical procedures in hospitals, which, subsequently resulted in a decline in the demand for medical textiles.
However, in 2021, COVID-19 is positively influencing the medical textiles market in this region, with a rise in the demand for masks, PPE kits, and gloves. This demand is expected to grow further during the forecast period, as there is a possibility for the third wave of COVID-19.

What are the Revenue-generating Product Segments in the Medical Textiles Market?

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The medical textiles market share growth of the woven medical textiles segment will be significant during the forecast period. Woven fabrics are generally more durable and the process of weaving them is based on thread density, crimp, and yarn count. Woven medical textiles are usually used in products requiring extreme stability and high durability. It is also used in healthcare and hygiene applications and for manufacturing surgical clothing and surgical covers. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical textiles market size and actionable market insights on post COVID-19 impact on each segment.

 

Medical Textiles Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.01%

Market growth 2021-2025

$ 3.36 billion

Market structure

Fragmented

YoY growth (%)

4.75

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ahlstrom-Munksjo Oyj, Asahi Kasei Corp., Cardinal Health Inc., Freudenberg Performance Materials Holding SE and Co. KG, Getinge AB, Kimberly-Clark Corp., KOB GmbH, Schouw and Co., TWE GmbH and Co. KG, and Tytex AS

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

Customization purview

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What are the Key Data Covered in this Medical Textiles Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medical textiles market growth during the next five years
  • Precise estimation of the medical textiles market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical textiles industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical textiles market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Woven medical textiles - Market size and forecast 2020-2025
  • Non-woven medical textiles - Market size and forecast 2020-2025
  • Knitted textiles - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Surgical - Market size and forecast 2020-2025
  • Healthcare and hygiene products - Market size and forecast 2020-2025
  • Extracorporeal - Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ahlstrom-Munksjo Oyj
  • Asahi Kasei Corp.
  • Cardinal Health Inc.
  • Freudenberg Performance Materials Holding SE and Co. KG
  • Getinge AB
  • Kimberly-Clark Corp.
  • KOB GmbH
  • Schouw and Co.
  • TWE GmbH and Co. KG
  • Tytex AS

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The medical textiles market growth will increase by $3361.09 million during 2021-2025.
The medical textiles market is expected to grow at a CAGR of 5.01% during 2021-2025.
Technavio has segmented the medical textiles market by product (Woven medical textiles, Non-woven medical textiles, and Knitted textiles) ,application (Surgical, Healthcare and hygiene products, Extracorporeal, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
Ahlstrom-Munksjo Oyj, Asahi Kasei Corp., Cardinal Health Inc., Freudenberg Performance Materials Holding SE and Co. KG, Getinge AB, Kimberly-Clark Corp., KOB GmbH, Schouw and Co., TWE GmbH and Co. KG, Tytex AS are a few of the key vendors in the medical textiles market.
APAC will register the highest growth rate of 43.13% among the other regions. Therefore, the medical textiles market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the medical textiles market growth are:
  • Growing demand for non-woven medical textiles
  • Growing demand for nanofibers in the medical industry
The medical textiles market vendors should focus on grabbing business opportunities from the woven medical textiles segment as it accounted for the largest market share in the base year.
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