According to a report,“Medical Textiles Market Size, Share & Trends Analysis Report By Fabric (Non-woven, Knitted, Woven), By Application And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global medical textiles market is anticipated to reach USD 23.3 billion by 2025, Globally, the economies are supporting and providing numerous programs in order to encourage the production and consumption of medical textiles. Growing population rise in the number of elderly population, and the construction of new medical facilities resulting in reduced healthcare costs, and enhanced effectiveness are fueling the growth of global market.On the basis of fabrics, medical textiles market is segmented into woven, knitted, non-woven, and others. Nonwoven fabrics are cost-effective and known for offering easy disposability when there is a high risk of contagious diseases, which positions it as a dominating segment in the global market. Woven fabrics are usually dimensionally very stable but less extensible and porous than other structures. Knitted fabrics are highly extensible as compared to woven fabrics. With latest innovations in the textile technology, a wide variety of non-woven, knitted, and woven forms of the textile are gradually finding their way into a variety of surgical procedures.
Key Takeaways from the report:
U.S. medical textiles industry revenue is projected to grow at a rate of 5.3% over the forecast period. The rising concern regarding chronic diseases and aging population has led to increased demand for non-implantable goods in the country, which is driving the market.
Germany medical textiles market was valued for USD 1,852.1 million in 2018 and is projected to grow significantly over the forecast period. Germany is a major country in foreign trade of medical textiles. The country stands among top five largest exporter of textiles and clothing globally, recording an export quota of approximately 40% in 2018.
China market is anticipated to reach USD 1,547.4 million by 2025. Rising urbanization, favorable demographic trends, increasing burden of diseases, expanding population with rise in income levels promoting greater awareness of and access to treatments are expected to boost the demand for medical textiles in China.
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Based on application, market is segmented as implantable goods, non-implantable goods, healthcare & hygiene products, and others. Non-implantable goods segment is the largest and fastest growing application of medical textiles. Worldwide the incidence of injuries is burgeoning fueling the demand for medical textiles in non-implantable goods segment.
Market players are developing advanced corporate strategies while using creative marketing campaigns to fascinate younger adults who will further support the growth of the non-implantable goods in the years to come. The companies offering non-implantable goods are reaping benefits from nationwide distribution with the products not just being limited to pharmacies or chemists, but also being retailed in small independent retailers in suburban neighborhoods.
Grand View Research has segmented the global medical textiles market on the basis of fabric, application, and region:
Fabric Outlook (Volume, Kilo Tons; Revenue, USD Million; 2015 – 2025)
Woven
Knitted
Non-woven
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2015 – 2025)
Implantable goods
Non-implantable goods
Healthcare & hygiene products
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2015 – 2025)
North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
South Korea
Central & South America
Middle East and Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
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