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Biomedical Textiles Market Size, Share Type, Application and Region - Global s and forecast to 2030
New York , United States- Report Ocean presents a new report on Biomedical Textiles market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market's future.The Biomedical Textiles market value was US$ $$ million in 2020. The Biomedical Textiles market value is forecast to reach US$ $$ million by 2030, growing at a compound annual growth rate (CAGR) $% during the forecast period from 2022-2030.
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The global biomedical textiles market size was US$ 18.1 billion in 2021. The global biomedical textiles market is forecast to grow to US$ 27.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2022 to 2030.
Factors Influencing the Market
Biomedical textiles are used for wound dressings and to manufacture hospital linen, pressure garments, bandages, and orthopedic belts. The wide applications of biomedical textiles are forecast to surge the growth of the global market.
Increasing healthcare expenditure will ultimately benefit the global biomedical textiles market in the coming years. Furthermore, the trending home healthcare and mandatory adoption of first aid kits in houses, automobiles, and other segments will escalate the growth of the global biomedical textiles market during the forecast period.
The increasing cases of surgeries and demand for high-quality wound dressing material will contribute to the growth of the global biomedical textiles market. In addition, the rising prevalence of diabetes will offer ample growth opportunities for the market.
Furthermore, various governments offer financial aid to the companies, which will benefit the biomedical textiles market in the coming years.
On the contrary, the high cost associated with biomedical textiles may limit the growth of the overall market.
COVID-19 Impact Analysis
The sudden wake of the COVID-19 created various obstacles for the governments and the manufacturers. Governments had no choice but to impose strict travel regulations in order to curb the virus spread. Thus, the shortage of raw material and import-export restrictions hampered the growth of the global biomedical textiles market during the initial months. In addition, surgeries were either postponed or canceled in order to prevent the patients from further spreading. As a result, the global biomedical textiles market grew significantly.
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Regional Analysis
North America is forecast to emerge as the largest biomedical textiles market due to growing individual spending on healthcare. In addition, the availability of new technologies and the growing geriatric population will contribute to the growth of the market. Asia-Pacific is forecast to register significant growth due to the rising prevalence of diabetes in the region. Furthermore, favorable initiatives by governments to improve healthcare infrastructure will escalate the growth of the regional market in the coming years.
Competitors in the Market
B. Braun Melsungen AG
Integra LifeSciences Corporation
Johnson & Johnson Services
Medline Industries
Cardinal Health
Confluent Medical Technologies
Secant Group
Smith & Nephew
Atex Technologies
Paul Hartmann AG
Bally Ribbon Mills
3M
BSN Medical
Meister & Cie AG
Elkem Silicones
Other Prominent Players
Market Segmentation
The global biomedical textiles market segmentation focuses on Fabric, Application, Fiber, and Region.
Based on Fabric -
Woven
Knitted
Non-Woven
Others
Based on Fiber:
Biodegradable
Non-biodegradable
Based on Application -
Implantable
Non-implantable
Healthcare & Hygiene
Others
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Based on Region-
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
?The report's geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
?The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
?Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
?How are the key players in the market assessed?
?This report provides a comprehensive analysis of leading competitors in the market.
?The report includes information about the key vendors in the market.
?The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
?The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
?A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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