Fact.MR – A Market Research and Competitive Intelligence Provider: The global market for biomedical textiles surged at a CAGR of 4% from 2017 to2021.
The Increasing Number Of Surgeries And The Demand For High-Quality Wound Dressing Material Are Projected To Drive The Market In The Forecast Period.
The Growing Geriatric Population And The Increasing Demand For Wound Care Products; Orthopedic Implants And Plaster Casts Are Projected To Enhance The Market Growth In The Forecast Period; Says Fact.MR Analyst
Fact.MR – A Market Research and Competitive Intelligence Provider: The global market for biomedical textiles surged at a CAGR of 4% from 2017 to2021. Changing lifestyles and growing awareness about health & hygiene have increased the demand for biomedical textiles that have antibacterial, anti-fungal, and easy healing properties.
Demand for biomedical textiles has grown during the pandemic, owing to the fact that, with the use of biomedical textiles, damaged tissues or organs can be treated. This is a result of advanced medical inventions related to biomedical textiles.
Biomedical textiles are fibrous structures designed for use in specific biological environments. The fibers used in these textiles should possess antimicrobial, fire-resistant, non-allergic, and non-carcinogenic properties. They are produced using weaving, non-weaving, and knitting technologies for surgical sutures, implantable, extracorporeal devices, and non-implantable applications.
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Growing healthcare industry on account of rising healthcare budgets, increasing health awareness, and rising healthcare expenditure are likely to drive the global biomedical textiles industry over the forecast period 2022-2032.
The marketing of biomedical textiles is the biggest challenge for biomedical textiles manufacturers, as the majority of these products have to be marketed directly to hospitals. The hospitals have their own set of standards in terms of color, shape, and size of biomedical textiles, such as non-implantable disposables. In addition, the working capital cycle, especially in government hospitals is long, resulting in the delay of payments. Thus, the marketing of biomedical textiles remains one of the major challenges.
Key Takeaways from Market Study
- The global biomedical textiles market is expected to reach US$ 17 Bn by the year 2032.
- Growing geriatric population is expected to revitalize the biomedical textiles market.
- Growing obesity is expected to drive the demand for biomedical fabrics, especially in the US.
- Increase in the frequency of cardiovascular cases is expected to bolster the biomedical textiles market.
- Non-implantable textiles are expected to be in greater demand in the wake of increasing surgeries.
- Biomedical textile is also used in various orthopedic operations, such as sutures, joint and ligament fixation, reconstruction devices, and spinal fixation tethers, among others.
- Biomedical textiles have been increasingly used as a substitute to replace and aid damaged body parts by surgeons and physicians. Biomedical textile finds its application in artificial arteries, sutures, and vascular grafts, among others.
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Market Developments
The key participants are into extensive research to keep themselves affable in the biomedical textiles market.
- In January 2022, Confluent Medical Technologies, a renowned name in providing biomedical textile services, announced that TPG Capital would make a major investment in the company.
- In January 2022, the Johnson & Johnson Medical Devices Companies (JJMDC) announced that it would collaborate with Microsoft to enable and grow JJMDC’s compliant digital surgery ecosystem.
- In January 2022, Smith & Nephew announced its acquisition of Engage Surgical and its cement less partial knee system.
Global Biomedical Textiles Market- In-Depth Assessment on Key Segments
- By Fabric
- Non-woven Biomedical Textiles
- Woven Biomedical Textiles
- Knitted Biomedical Textiles
- By Fiber
- Biodegradable Biomedical Textiles
- Non-biodegradable Biomedical Textiles
- By Application
- Biomedical Textiles for Implantable Applications
- Biomedical Textiles for Non-implantable Applications
- Biomedical Textiles for Surgical Sutures Applications
- By End Use
- Biomedical Textiles for Ophthalmology
- Biomedical Textiles for Neurology
- Biomedical Textiles for General Surgery
- Biomedical Textiles for Orthopedics
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More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global biomedical textiles market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by fabric (non-woven, woven, and knitted), by product (Analyzer Biomedical textiles and Consumable Biomedical textiles), by fiber (biodegradable and non-biodegradable), by application (implantable applications, non-implantable applications, and surgical sutures applications), by end-use (neurology, ophthalmology, general surgery, and orthopaedics), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).
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