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The Biomedical Textiles Market: A Comprehensive Analysis of Global Trends and Growth Drivers For The Forecast Period 2023-2032 || Royal DSM, Confluent Medical Technologies, Cardinal Health, Johnson & Johnson Services Inc
Biomedical Textiles Market
The Business Research Company's Biomedical Textiles Global Market Report 2023 identifies the rising prevalence of chronic diseases as the major driver for the biomedical textiles market's growth in the forecast period. 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.
The global biomedical textiles market size is expected to grow from $14.66 billion in 2022 to $15.83 billion in 2023 at a compound annual growth rate (CAGR) of 7.96%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biomedical textiles market size is expected to reach $20.27 billion in 2027 at a CAGR of 6.38%.
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Major competitors in the biomedical textiles market are Royal DSM, Confluent Medical Technologies, Cardinal Health, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Smith & Nephew PLC., Meister & Cie AG.
A key trend in the biomedical textiles market includes product innovations. Major players in the market are focusing on research and development to launch innovative products in the growth market. For instance, in March 2022, Fabiosys Innovations, an India-based healthcare products manufacturer launched Fabium, a medical textile developed using Hi-PAT technology, which makes it highly effective against viruses, bacteria, and fungi. To create this fabric, raw cotton fabric is processed using standard textile processing equipment while exposed to various proprietary chemical formulas.
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The Biomedical Textiles market is segmented -
• By Product Type: Non Implantable, Implantable
• By Fabric: Non-Woven Biomedical Textiles, Woven Biomedical Textiles, Knitted Biomedical Textiles
• By Fiber Type: Non Biodegradable, Biodegradable
• By Applications: Ophthalmology, Neurology, Cardiology, Dentistry, Orthopedics, General Surgery And Treatment, Other Applications
• By End Users: Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biomedical textiles market
The Business Research Company's "Global Biomedical Textiles Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Biomedical Textiles Market Include:
1. Executive Summary
2. Biomedical Textiles Market Characteristics
3. Biomedical Textiles Market Trends And Strategies
4. Biomedical Textiles Market - Macro Economic Scenario
5. Biomedical Textiles Market Size And Growth
……………
27. Biomedical Textiles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biomedical Textiles Market
29. Biomedical Textiles Market Future Outlook And Potential Analysis
30. Appendix
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