Industry Insights

Rising awareness regarding new technologies for wound care, growing diabetic and aging population and support from government in the form of funding non-implantable goods are widely being used worldwide, which is anticipated to propel the growth of the global market of medical textiles.

Medical textiles are used in a myriad of applications ranging from non-implantable goods such as bandages, wound care, pressure garments, prosthetic socks, adhesive tapes, protective eye pads, and orthopedic belts. Technical developments in active implants, tissue engineering, spinal implants, and the socio-economic changes in developing countries, as well as the change in the age structure of the industrialized nations are expected to augment the market growth in the near future.

The global medical textiles market is moderately consolidated in nature, with the presence of a limited number of market players across the globe. Globally the demand for medical textiles is growing, on account of the strong demand base of developed countries coupled with the strengthening demand from developing economies. However, the production is highly concentrated both in terms of geography as well as in terms of market players. Lower manufacturing costs, cheap and skilled labor force are creating opportunities for the emerging markets.

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Fabric Insights

Woven fabric segment was the second largest fabric segment accounting for 15.38% of the global market volume in 2018 and is anticipated to reach 491.8 Kilo Tons by 2025. Woven fabrics typically find their applications in hospital and surgical hosiery, wound contact layer, various types of bandages, artificial tendons, etc. Woven fabrics are comparatively economical and requirement of trained labor is also not prominent, on account of this woven fabrics segment is projected to drive the demand for medical textiles industry over the forecast period.

In terms of revenue, knitted fabric segment was valued at USD 2,130.1 million in 2018 and is expected to grow at a significant rate over the forecast period. Knitted fabrics are used for implantable devices and other applications used in hernia repair, surgical mesh, prolapse devices, reconstructive and cosmetic surgery mesh and various other containment devices.

Application Insights

Non-implantable goods segment was the largest application segment accounting for 32.24% of the global market volume in 2018. Rising awareness regarding new technologies for wound care, growing diabetic and aging population and support from government in the form of funding non-implantable goods are widely being used worldwide, which is anticipated to propel the growth of over the forecast period.

Rising awareness among the consumers, rapidly growing middle class, increasing disposable income the global medical textiles industry will gain momentum over the forecast period. Ongoing advancements in medical science and textiles industry coupled with changing demographics and consumer demand are anticipated to boost the market over the forecast period.

Regional Insights

Europe constituted the second-largest market share of the overall market in 2018. Implantable goods application segment dominated European medical textiles industry followed by healthcare & hygiene products Northern European countries, including Germany, UK and Sweden, are anticipated to witness a more robust recovery in health care spending over the forecast period.

In terms of revenue, Asia Pacific was the third largest region with 27.08% market share in 2018, Non-woven fabric segment is expected to achieve highest gains over the forecast period in the region, on account of increasing penetration of disposable baby diapers, feminine hygiene products, rising manufacturing capacity for products that consume significant amounts of nonwovens.

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Report Scope

Attribute & Details

Base year for estimation

2018

Actual/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Kilo Tons; Revenue in USD Million, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., UK, Germany, France, China, India, Japan, and South Korea,

Report coverage

Revenue forecast, competitive landscape, growth factors, and trends

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