Press Release

Biomedical Textiles Market to Grow with a CAGR of 6.45% through 2028

Surge in research and development activities is expected to drive the Global Biomedical Textiles Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Biomedical Textiles Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Biomedical Textiles Market is expected to reach at USD 14.89 billion by 2028 and is anticipated to grow with a CAGR of 6.45% in the forecast period, 2023-2028. The initiatives taken by government based on Biomedical Textiles has led to favorable market conditions for the Global Biomedical Textiles Market. Several factors contribute to the growth of various Biomedical Textiles products.

In India, the government is actively promoting the use of technical textiles, including those used in the biomedical field. This includes the mandatory use of 92 items by government agencies, a move that will significantly boost the demand for biomedical textiles in the country. This initiative is part of a broader effort to enhance the quality and accessibility of healthcare in India, as these specialized textiles play a crucial role in areas such as wound care, surgical procedures, and medical implants. By encouraging the adoption of advanced textile technologies, the government aims to improve patient outcomes and support the growth of the domestic textile industry.

Government initiatives are also aimed at boosting manufacturing in the sector. In the United States, the Advanced Functional Fabrics of America (AFFOA) is leading a nationwide enterprise for advanced fiber & fabric technology development and manufacturing. This collaborative effort brings together industry leaders, academic institutions, and government agencies to drive innovation and accelerate the commercialization of functional fabrics. Similarly, the Government of India has undertaken several schemes/initiatives to promote the manufacturing sector. These include financial incentives, skill development programs, and infrastructure support, all designed to attract investments, foster innovation, and create employment opportunities. By nurturing a conducive ecosystem for manufacturing, India aims to become a global hub for technical textile production and contribute to the country's economic growth.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Biomedical Textiles Market

 

In recent years, there has been a significant upswing in research and development (R&D) activities within the biomedical textiles sector. This surge can be attributed to the growing demand for advanced solutions that can effectively address various health issues, including chronic wounds, surgical complications, and infections. Companies are heavily investing in the development of novel products that not only offer enhanced functionalities but also exhibit superior performance. For example, they are exploring the use of cutting-edge materials like nanofibers and biopolymers in order to create innovative biomedical textiles with remarkable therapeutic properties. These advancements in biomedical textiles aim to provide cost-effective and efficient solutions to improve patient care and outcomes. By incorporating features such as antimicrobial properties, improved absorbency, and superior durability, these textiles can revolutionize the medical field and positively impact the lives of countless individuals. With ongoing research and development efforts, the biomedical textiles sector is poised to make significant strides in the near future, paving the way for more effective treatments and improved quality of life for patients worldwide.


The Global Biomedical Textiles Market is segmented into fibre type, fabric type, application regional distribution, and company

Based on its fibre type, the non-biodegradable fibre segment held the largest share in the market. The increasing use of non-biodegradable fibers in the manufacturing of biomedical textiles has significantly contributed to the revenue growth of this segment. These textiles are specifically designed to close open wounds and are removed once the wound has completely healed, providing an effective and efficient solution. Moreover, the treatment of wounds involves various medical products such as surgical sutures, bandages, extracorporeal devices, and soft and hard tissue implants. The incorporation of non-biodegradable fibers like polypropylene, viscose, polyester, polyethylene, and polyamide helps in preventing bacteria from colonizing sutures, ensuring better wound healing outcomes. This trend in utilizing non-biodegradable fibers for biomedical textiles reflects the continuous efforts in the healthcare industry to enhance patient care and improve the overall healing process.

Based on region, North America segment is expected to grow during the forecast period. The projected market revenue growth in this region is expected to be driven by the surge in the geriatric population and the increasing need for diabetes diagnosis services. According to the U.S. Census Bureau, as of July 1, 2019, there were approximately 54.1 million senior citizens in the U.S. This growing demographic is contributing to the demand for healthcare services, including the diagnosis and management of diabetes.

Furthermore, companies such as Integra LifeSciences, Secant Medical, LLC., and Cardinal Health, Inc. are making significant investments in the development of high-performance biomedical textile structures. These advancements in countries such as the U.S. and Canada are poised to drive the revenue growth of the market in this region. The focus on innovation and the commitment to developing cutting-edge solutions are expected to meet the increasing demand for advanced healthcare technologies in the region.

 

Major companies operating in Global Biomedical Textiles Market are:

  • Swicofil AG
  • DSM BV
  • Cortland Biomedical
  • Poly-Med Incorporated
  • Bally Ribbon Mills, Inc.
  • Atex Technologies Inc.
  • Medline Industries Inc.
  • B. Braun Melsungen AG
  • Integra Lifesciences Corporation
  • Elkem ASA

 

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“Growing application of Biomedical Textiles in various end user industries are key drivers of the Biomedical Textiles market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of Biomedical Textiles with every passing year are anticipated to register an impressive growth to Global Biomedical Textiles Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Biomedical Textiles Market By Fibre Type (Non-Biodegradable Fibre and Biodegradable Fibre), By Fabric Type (Non-Woven Fabric, Woven Fabric, Others), By Application (Non-Implantable, Surgical Suture, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Biomedical Textiles Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Biomedical Textiles Market.


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