Biomedical Textiles Market to Grow with a CAGR of 6.45% through 2028
Surge in
research and development activities is expected to drive the Global Biomedical
Textiles Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “Biomedical Textiles Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Biomedical Textiles Market is expected to reach at USD 14.89 billion by
2028 and is anticipated to grow with a CAGR of 6.45% in the forecast period,
2023-2028. The initiatives taken by government based on Biomedical Textiles has
led to favorable market conditions for the Global Biomedical Textiles Market.
Several factors contribute to the growth of various Biomedical Textiles
products.
In India, the
government is actively promoting the use of technical textiles, including those
used in the biomedical field. This includes the mandatory use of 92 items by
government agencies, a move that will significantly boost the demand for
biomedical textiles in the country. This initiative is part of a broader effort
to enhance the quality and accessibility of healthcare in India, as these
specialized textiles play a crucial role in areas such as wound care, surgical
procedures, and medical implants. By encouraging the adoption of advanced
textile technologies, the government aims to improve patient outcomes and
support the growth of the domestic textile industry.
Government
initiatives are also aimed at boosting manufacturing in the sector. In the
United States, the Advanced Functional Fabrics of America (AFFOA) is leading a
nationwide enterprise for advanced fiber & fabric technology development
and manufacturing. This collaborative effort brings together industry leaders,
academic institutions, and government agencies to drive innovation and
accelerate the commercialization of functional fabrics. Similarly, the
Government of India has undertaken several schemes/initiatives to promote the
manufacturing sector. These include financial incentives, skill development
programs, and infrastructure support, all designed to attract investments,
foster innovation, and create employment opportunities. By nurturing a
conducive ecosystem for manufacturing, India aims to become a global hub for
technical textile production and contribute to the country's economic growth.
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"Biomedical Textiles Market”
In recent years,
there has been a significant upswing in research and development (R&D)
activities within the biomedical textiles sector. This surge can be attributed
to the growing demand for advanced solutions that can effectively address
various health issues, including chronic wounds, surgical complications, and
infections. Companies are
heavily investing in the development of novel products that not only offer enhanced
functionalities but also exhibit superior performance. For example, they are
exploring the use of cutting-edge materials like nanofibers and biopolymers in
order to create innovative biomedical textiles with remarkable therapeutic
properties. These
advancements in biomedical textiles aim to provide cost-effective and efficient
solutions to improve patient care and outcomes. By incorporating features such
as antimicrobial properties, improved absorbency, and superior durability,
these textiles can revolutionize the medical field and positively impact the
lives of countless individuals. With ongoing
research and development efforts, the biomedical textiles sector is poised to
make significant strides in the near future, paving the way for more effective
treatments and improved quality of life for patients worldwide.
The Global
Biomedical Textiles Market is segmented into fibre type, fabric type,
application regional distribution, and company
Based on its
fibre type, the non-biodegradable fibre segment held the largest share in the
market. The increasing use of non-biodegradable fibers in the manufacturing of
biomedical textiles has significantly contributed to the revenue growth of this
segment. These textiles are specifically designed to close open wounds and are
removed once the wound has completely healed, providing an effective and
efficient solution. Moreover, the
treatment of wounds involves various medical products such as surgical sutures,
bandages, extracorporeal devices, and soft and hard tissue implants. The
incorporation of non-biodegradable fibers like polypropylene, viscose,
polyester, polyethylene, and polyamide helps in preventing bacteria from
colonizing sutures, ensuring better wound healing outcomes. This trend in
utilizing non-biodegradable fibers for biomedical textiles reflects the
continuous efforts in the healthcare industry to enhance patient care and
improve the overall healing process.
Based on region,
North America segment is expected to grow during the forecast period. The projected
market revenue growth in this region is expected to be driven by the surge in
the geriatric population and the increasing need for diabetes diagnosis
services. According to the U.S. Census Bureau, as of July 1, 2019, there were
approximately 54.1 million senior citizens in the U.S. This growing demographic
is contributing to the demand for healthcare services, including the diagnosis
and management of diabetes.
Furthermore,
companies such as Integra LifeSciences, Secant Medical, LLC., and Cardinal
Health, Inc. are making significant investments in the development of
high-performance biomedical textile structures. These advancements in countries
such as the U.S. and Canada are poised to drive the revenue growth of the
market in this region. The focus on innovation and the commitment to developing
cutting-edge solutions are expected to meet the increasing demand for advanced
healthcare technologies in the region.
Major companies
operating in Global Biomedical Textiles Market are:
- Swicofil
AG
- DSM
BV
- Cortland
Biomedical
- Poly-Med
Incorporated
- Bally
Ribbon Mills, Inc.
- Atex
Technologies Inc.
- Medline
Industries Inc.
- B.
Braun Melsungen AG
- Integra
Lifesciences Corporation
- Elkem
ASA
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“Growing
application of Biomedical Textiles in various end user industries are key
drivers of the Biomedical Textiles market. Growth in competitive landscape and
presence of well-established companies in the market who are dedicated to
enhance their productivity of Biomedical Textiles with every passing year are
anticipated to register an impressive growth to Global Biomedical Textiles
Market in the forecast period.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Biomedical Textiles Market By Fibre Type
(Non-Biodegradable Fibre and Biodegradable Fibre), By Fabric Type (Non-Woven
Fabric, Woven Fabric, Others), By Application (Non-Implantable, Surgical
Suture, Others), By
Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated the future growth
potential of Global Biomedical Textiles Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Biomedical Textiles Market.
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