Biomedical Textiles Market to Witness Rapid Growth with Technological Advancements

Overview and Scope
Biomedical textiles are fibrous textile constructions made from synthetic or natural materials. These advanced materials resist various fungi, fire, bacteria, dirt, and water. Biomedical textiles are used as a medical device inside or outside the biological environment to improve the patient’s health.

Sizing and Forecast
The biomedical textiles market size has grown strongly in recent years. It will grow from $15.63 billion in 2023 to $16.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  The  growth in the historic period can be attributed to infection control prioritization, global health emergencies, focus on regenerative medicine, prevalence of chronic diseases..

The biomedical textiles market size is expected to see strong growth in the next few years. It will grow to $23.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the forecast period can be attributed to consumer health and wellness trends, global health preparedness, military and defense applications, personalized medicine needs, telemedicine and wearable health.. Major trends in the forecast period include advancements in medical technology, research collaborations, sustainable textiles trend.

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Segmentation & Regional Insights
The biomedical textiles market covered in this report is segmented –

1) By Product Type: Non Implantable, Implantable
2) By Fabric: Non-Woven Biomedical Textiles, Woven Biomedical Textiles, Knitted Biomedical Textiles
3) By Fiber Type: Non Biodegradable, Biodegradable
4) By Applications: Ophthalmology, Neurology, Cardiology, Dentistry, Orthopedics, General Surgery And Treatment, Other Applications
5) By End Users: Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Other End Users

North America was the largest region in the biomedical textiles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biomedical textiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising prevalence of chronic diseases is propeling the the biomedical textiles market going forward. Chronic diseases require medical attention and last for more than a year. This rise in chronic diseases led to a focus on surgical procedures. Biomedical textiles are used in chronic diseases for wound closure during surgeries and to prevent chronic wounds. For instance, according to The Silver Book created by a US-based non-profit organization, The Alliance for Aging Research, there will be an increase of 42% in chronic disease cases with 230.7 million people globally by 2030. Therefore, the rising prevalence of chronic diseases will drive the biomedical textiles market.

Key Industry Players
Major companies operating in the biomedical textiles market report are Koninklijke DSM N.V., Confluent Medical Technologies, Cardinal Health Inc, Johnson & Johnson Services Inc, B. Braun Melsungen AG, Smith & Nephew plc, Meister & Cie AG, Medline Industries Inc, 3M Company, ATEX Technologies, Integra Life Sciences Corporation, Paul Hartmann AG, BSN Medical GMBH, Elkem ASA, Bally Ribbon Mills, Asahi Kasei Corporation, Freudenberg Medical LLC, Getinge AB, Halyard Health, Kimberly-Clark Corporation, Milliken & Company, Molnlycke Health Care AB, Precision Fabrics Group Inc., Secant Group LLC, Stradis Healthcare, Tietex International Ltd., Trelleborg AB, United Medical Industries Co. Ltd., Vestagen Protective Technologies Inc., W.L. Gore & Associates Inc., Weaving Machinery UK Ltd., Welspun Group, Zimmer Biomet Holdings

The biomedical textiles market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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