At a (CAGR) of 4.7%,Medical Textiles Market to Reach US$ 26.2 Billion by 2027

The latest report by IMARC Group, titled "Medical Textiles Market: Global Industry Growth, Share, Size, Trends, Opportunity, and Forecast during 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on medical textiles market Share.

Market Overview:

The global medical textiles market size reached US$ 20.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.2 Billion by 2027, exhibiting a growth rate (CAGR) of 4.7% during 2022-2027.

Medical textiles also referred to as healthcare textiles, represent the various materials used for first aid and clinical purposes. They consist of implantable and non-implantable materials, healthcare and hygiene products, and extracorporeal devices. Commonly utilized medical textiles include gauzes, wipes, prostheses, orthoses, bandages, breathing masks, bedding, and covers. The usage of these materials depends upon the degree of softness, absorption, flexibility, and filtering offered by the product. Textile-based products and implants substitute the need for using artificial ligaments, tissues, and joints in surgeries, thus improving the rehabilitation process and allowing faster recovery for the patient. 

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Download a free sample report to get a detailed overview of the report:  https://www.imarcgroup.com/medical-textiles-market/requestsample

Medical Textiles Market Trends/Drivers:

The escalating awareness of healthcare practices among the consumers is primarily driving the medical textiles market. Besides this, the elevating requirement for pressure garments and bandages, owing to the increasing instances of accidents caused by fires and chemicals and the prevalence of several chronic diseases, is further augmenting the market growth. Moreover, the rising consciousness in individuals towards the benefits of medical textiles and the extensive research and development (R&D) activities to launch enhanced and innovative variants are also catalyzing the global market. Apart from this, the growing diabetic and geriatric population that needs frequent and expansive medical attention is acting as another significant growth-inducing factor. Furthermore, the inflating demand for nanofibers manufactured using biocompatible and biodegradable materials that aid in tissue engineering, drug delivery, and wound healing is anticipated to propel the medical textiles market over the forecasted period.

Key Market Segmentation:

Based On Product Type:

Non-Woven
Knitted
Woven
Others

Based On Application:

Implantable Goods
Non-Implantable Goods
Healthcare & Hygiene Products
Others

 Region:

Europe
North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

Asahi Kasei
Cardinal Health
Freudenberg
Getinge
KCWW
Schouw
ATEX Technologies Inc
Bally Ribbon Mills
Vestagen Technical Textiles Inc.
Bluestar Silicones
Biomedical Structures
Medical Grade Innovations
Strategic Partners
Life Threads LLC, etc.

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/medical-textiles-market

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
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City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/

About Us: 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.