Global Medical Textiles Market By Product (Woven, Non-woven, Knitted, and Others), By Application (Healthcare & Hygiene Products, Non-implantable Goods, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Medical Textiles Market Overview:

The global market for medical textiles was valued at USD 25,100 million in 2021. This market is expected to expand at a compound annual increase rate (CAGR), of 4.3% between 2023-2032.

Global Medical Textiles Market

Product Analysis

The market’s largest segment, non-woven, accounted for over 65.0% of the global revenues in 2021. It is also expected to see the most rapid growth over the forecast period. This is due to the superior properties of the product, including high air permeability, superior strength and weight ratios, and higher water vapor transmission capacities.

The global epidemic of COVID-19 has caused a rise in non-woven medical textiles. Personal protective equipment (PPE), such as gowns or face masks, is in high demand to reduce virus transmission. Many governments have adopted strict regulations requiring the use of face masks at all times in public places.

The revenue-based CAGR for knitted medical textiles is 3.4%. This is due to the growing demand for artificial blood vessels, cell scaffolds, hernia patches, and tissue reengineering applications. Knitted fabrics are more porous and have a higher structural efficiency than woven fabrics.

The ongoing research into high-tech medical textiles has led to knitting technology gaining popularity. This is due to its ability to create cell scaffolds for tissue engineering applications. China Postdoctoral Science Foundation’s whitepaper explains that knitting is well-known because of its ability to form and for its superior performance in knit mesh fabric.

Application Analysis

Healthcare and hygiene products led the market, accounting for 45.0% of the global revenue in 2021. It is also expected that this segment will see the most growth over the next few years. Medical textiles have the greatest applications in areas such as medical textiles for health and hygiene.

In order to increase the number per 100,000 people, several countries, including the U.S.A, India, and Brazil. UAE, Germany, and China, have constructed or expanded new health facilities. This will boost demand for general hygiene items and protective clothing, which should propel the market forward.

Revenue-based CAGRs are expected to be 4.4% for the segment of non-implantable goods over the forecast period. Globally, there is a growing demand for non-implantable items. Non-implantable merchandise protects wounds and stitches from external environments.

Non-implantable items are used to reduce swelling and heal wounds, decrease hemorrhage, prevent bleeding, reduce hemorrhage, stop bleeding, relieve pain, and keep intravenous catheters in place. There is a rising demand for advanced non-implantable items such as tourniquets which apply pressure to limbs in order to restrict blood flow during post-operative rehabilitation.

Key Market Segments

Product

• Woven
• Non-woven
• Knitted
• Others

Application

• Healthcare & Hygiene Products
• Non-implantable Goods
• Implantable Goods
• Other Applications

Market Dynamics

Because of better healthcare services and effective medical treatments, the demand for medical-grade products is expected to increase. The market is expected to grow due to the growing demand for medical textile-based implantable products, such as artificial ligaments, tendons, and body part augmentations. Market growth will be driven by the growing number of joint and knee replacement surgeries.

The COVID-19 pandemic is affecting the USA. On August 9, 2021, there had been more than 35.8 million cases and 617 thousand deaths. This has led to large-scale government investments in expanding healthcare services and adding hospital beds. In addition, the government provides aid to boost the domestic production of personal safety equipment.

Honeywell Corporation announced that in 2021 it will expand its manufacturing operations at Smithfield, Rhode Island, to produce personal safety equipment. This facility is expected to play a major role in supplying N95 masks for the Strategic National Stockpile.

In order to lower costs of production, textile manufacturers are trying to integrate across stages of their value chain. For example, ATEX Technologies Inc., Bally Ribbon Mills, and other medical textile producers are integrated. This means that they produce raw materials like fiber and yarns which are used in the manufacture of medical textiles.

The quality standards for medical-grade textiles have been raised by technological advances made by prominent market players. The market is utilizing a variety of biodegradable, natural, and non-biodegradable synthetic materials for the development of new products.

Regional Analysis

The Asia Pacific dominated this market and accounted for over 30% of the total revenue for 2021. This is due to the increased number of non-woven fabric manufacturing facilities in several countries such as Japan, China, Taiwan, India, South Korea, and Indonesia.

Many medical textile companies in the region added production lines to expand their manufacturing capabilities to meet the growing demand for PPE products such as surgical gowns. In order to boost production, governments from countries like Japan, India, and South Korea provide financial and technical assistance. This positively impacts the overall market growth.

Europe will see a 4.2% revenue-based annual growth rate between 2023 and 2032. This is due to the increase in healthcare expenditures in 2021 in several countries such as Germany, Spain, and France. It also explains the increased demand for beddings, protective equipment, and cleaning pads.

There are new opportunities for growth due to the increased number of cosmetic procedures in Europe, including in Spain, Italy, and Germany. The market’s growth will be aided by the expected increase in knee replacement surgeries, artificial limb implants, and other extracorporeal devices.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

The market’s top players are following strategies that include the creation of new product lines, expanding production capacities through the setting up of new production units, collaborations between PPE manufacturers, and healthcare institutions, and the acquisition of small-level players in other countries for a product or geographical expansion. This would give them a competitive edge and help to keep their market position.

These visionaries and niche players are focused on the local market and expanding their business through partnerships with large players. They are also focused on the creation of innovative products in order to be unique in the market.

Key Market Players

These are some of the major players in the global market for medical textiles:

• Atex Technologies Inc.
• Kimberly-Clark Corporation
• Life-Threads
• Bally Ribbon Mills
• Careismatic Brands
• Freudenberg & Co. KG
• Indorama Corporation
• Trelleborg AB
• Other Key Players

For the Medical Textiles Market research study, the following years have been considered to estimate the market size: