PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1164912
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1164912
Biomedical Textiles Market size was valued at USD 13,801.3 Million in 2021, expanding at a CAGR of 6.8% from 2022 to 2028.
Surgeons and medical professionals are increasingly using biomedical textiles to help and replace injured body components. Artificial arteries, vascular grafts, and sutures are a few uses for biomedical textile.
Market Dynamics
The market for biomedical textiles is increasing with growing demand for improved wound dressing materials which, in turn, is driven by an increase in chronic wounds and surgical treatments. Another important element influencing biomedical textiles market growth is the growing demand for sophisticated wound dressing materials brought on by the rise in chronic diseases including cancer, diabetes, and autoimmune diseases, among others. The use of sophisticated wound dressings lowers the risk of infection in large wounds, and as a result, the demand for these products is growing along with the number of home healthcare services. Furthermore, to ensure comfort during healing, a number of innovative wound closure techniques rely on biomedical textiles. Such elements are anticipated to fuel the market's revenue expansion.
The market is anticipated to be driven by factors such as the growing demand for implantable surgery, the ageing population, the incidence of chronic diseases, technological breakthroughs, and favourable healthcare policies in developed areas. Demand for improved wound care products is being significantly fueled by the growth of home healthcare services. Furthermore, to ensure comfort during healing, a number of innovative wound closure techniques rely on biomedical textiles. Such elements are anticipated to fuel the market's revenue expansion. The COVID-19 has had a negative impact on the market as the textile industry has been pushed back with reduced demand from all sector except healthcare the market growth.
Segmentation Analysis:
The Global Biomedical Textiles Market is segmented on the basis of Fiber Type, Application, and Region.
The market is segmented into two categories based on Fiber Type: biodegradable, and non-biodegradable fiber. The biodegradable fiber segment dominates the market. Increasing demand for eco-friendly biomedical products are boosting the segment growth.
The market is segmented into three categories based on Application: non-implantable, implantable, and others. The implantable segment dominates the market and is likely to maintain its dominance during the forecast period. This is mainly due to an increase in the demand for implantable surgeries treatment in hospitals.
Competitive Landscape:
Global Biomedical Textiles market is fairly fragmented in nature with the few players dominating the market with largest market share. Several companies are indulging into various strategic initiatives especially under the COVID-19 pandemic and bolster their market presence. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, partnerships, distribution network development, R&D spending, and mergers and acquisitions.
For instance, in August 2022, Cortland Biomedical has announced to expand its post-processing services and technologies for implantable textiles.
Key features of the study:
This proposed research study on Biomedical Textiles market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Biomedical Textiles market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Biomedical Textiles market
Impact of COVID-19 on Biomedical Textiles market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Biomedical Textiles market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Biomedical Textiles market, we have also included competitive landscape and key innovator analysis for the Biomedical Textiles market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Biomedical Textiles market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Biomedical Textiles market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BIOMEDICAL TEXTILES MARKET KEY PLAYERS
Johnson & Johnson Services Inc.
Integra LifeSciences Corporation
Cortland Biomedical
B. Braun Melsungen AG
Medline Industries Inc.
Smith+Nephew
Medtronic
PAUL HARTMANN AG
Swicofil AG
DSM
ATEX Technologies, Inc.
Bally Ribbon Mills
GLOBAL BIOMEDICAL TEXTILES MARKET, BY FIBER TYPE
Non-biodegradable fiber
Biodegradable fiber
GLOBAL BIOMEDICAL TEXTILES MARKET, BY APPLICATION
Non-implantable
Implantable
Others
GLOBAL BIOMEDICAL TEXTILES MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA