Rising geriatric population, surging number of accidents, and increasing number of surgeries are key factors driving market revenue growth.
Rising geriatric population, surging number of accidents, and increasing number of surgeries are key factors driving market revenue growth
The global biomedical textiles market size is expected to reach USD 21.30 billion in 2028 and register a revenue CAGR of 6.0% over the forecast period, according to a latest report by Reports and Data. Increasing population and rising geriatric population are expected to drive market revenue growth. Besides, increasing demand for woven & non-woven products and biomedical textiles in surgical sutures, bandages, extra-corporeal, and implant applications would also propel market growth in the near future.
Increasing demand for advanced wound care management products because of surging aging population is contributing to the rising application of biomedical textiles in non-implantable products. Innovations in the field of healthcare is further resulting in the increasing utilization of biomedical textiles for replacing damaged tissues or organs. Biomedical textiles have high bio-compatibility with the human body, which, in turn, is leading to increasing popularity of these textiles across the globe. Biomedical textiles are engineered with advanced biomaterials to facilitate a healing response in the body. Rising usage of biomedical textiles for neurovascular, cardiovascular, orthopedics, and general surgeries is projected to boost market growth during the forecast period. These textiles are increasingly used in medical devices to facilitate less invasive surgical procedures.
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Development of biomedical textiles is expected to grow rapidly during the forecast period, owing to the emergence of ‘smart’ biomedical textiles. These textiles are equipped with embedded textile systems for measuring respiration, body posture, blood oxygen saturation, and electrocardiogram. These are extensively used in the healthcare industry as smart biomedical textiles are capable of regulating or mitigating various health risks, especially for the diseased and disabled.
Some Key Highlights in the Report
- In July 2020, Secant Group announced that it has developed a biomaterial platform technology. It provides an implantable, resorbable polymer in order to boost innovation in the pharma, medical device, and biopharma markets. The company is aiming to develop high-performance materials by combining traditional biomedical textiles with regenerative medicines to improve quality of life. This initiative would support innovative medical technology and the newly launched biomaterials are expected to be utilized in many additional areas, including novel implantable drug-delivery devices.
- Non-biodegradable fibers segment is expected to account for largest revenue share in the global biomedical textiles market over the forecast period. Rising usage of non-biodegradable fibers for the development of biomedical textiles is one of the major factors driving growth of this segment. Also, non-biodegradable sutures are increasingly utilized for closing exposed wounds and are removed when the wound is sufficiently healed.
- Non-woven segment is expected to register a considerable revenue share over the forecast period. Non-woven fabrics are extensively used in applications such as surgical sutures, bandages, extra-corporeal, and implants. This factor is expected to boost revenue growth of the segment.
- Non-implantable segment is expected to register robust revenue growth in the global biomedical textiles market. Rising number of accidents and increasing number of surgeries are expected to surge the application of biomedical textiles in non-implantable products.
- The biomedical textiles market in North America is expected to account for largest revenue share in the global market over the forecast period. Increasing investments in research & development activities by companies such as Secant Medical, LLC, Bally Ribbon Mills, Cardinal Health, Inc., and Medline Industries, Inc., for the development of high-performance biomedical textile structures, is projected to propel growth in this region.
- Some companies in the market include B. Braun Melsungen AG, Bally Ribbon Mills, Cardinal Health, Inc., Koninklijke DSM N.V., Integra LifeSciences Corporation, Johnson & Johnson Services, Inc, Medline Industries, Inc., Secant Medical, LLC, Smith & Nephew, and
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For the purpose of this report, Reports and Data has segmented global biomedical textiles market based on fiber type, fabric type, application, and region:
Fiber Type Outlook (Revenue, USD Billion; 2018-2028)
- Non-biodegradable
- Biodegradable
Fabric Type Outlook (Revenue, USD Billion; 2018-2028)
- Non-woven
- Woven
Application Outlook (Revenue, USD Billion; 2018-2028)
- Surgical Sutures
- Non-implantable
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Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
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- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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