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Global Biomedical Textiles Market: Surge in Demand, Impressive Growth Rates, and Key Market Trends
Biomedical Textiles Market
Booming Global Biomedical Textiles Market Navigated by Technological Advancements and Surging Chronic Disease Prevalence
What Is The Projected Market Size Of The Global Biomedical Textiles Market And Its Growth Rate?
The growth trajectory of the global biomedical textiles market has been substantial in the recent years, and this trend is expected to continue, propelled by numerous causal factors. Key market statistics include:
• 2024 Market Size: $16.63 billion
• 2025 Market Size: $17.81 billion (7.1% CAGR)
• 2029 Forecast Market Size: $25.78 billion (9.7% CAGR)
Growth in this market is attributed to infection control prioritization, global health emergencies, focus on regenerative medicine, rise in chronic diseases, consumer health and wellness trends, global health preparedness, military and defense applications, personalized medicine needs, telemedicine and wearable health.
What Is Driving The Growth In The Biomedical Textiles Market?
The surge in the prevalence of chronic diseases, which typically require ongoing medical attention and last for more than a year, is a clear driver propelling the upward trajectory of the biomedical textiles market. With the increased focus on surgical procedures for treatment of chronic diseases, biomedical textiles play an instrumental role in ensuring wound closure during surgeries and in preventing the occurrence of chronic wounds. To illustrate this point further, according to a published report by the Office for Health Improvement & Disparities, a UK-based government entity, there were 5,363 excess deaths attributed to chronic lower respiratory diseases in the year 2023 alone, marking a 22% increase compared to the expected rates. Therefore, the rise in the prevalence of chronic diseases serves as a crucial driver for the growth of the biomedical textiles market.
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Who Are the Key Players Driving Biomedical Textiles Market Growth?
Integral players within the biomedical textiles market include:
• Confluent Medical Technologies
• Cardinal Health Inc
• Johnson & Johnson Services Inc
• B. Braun Melsungen AG
• Smith & Nephew PLC
• Meister & Cie AG
• Medline Industries Inc
• 3M Company
• ATEX Technologies
• Integra Life Sciences Corporation
• Paul Hartmann AG
• BSN Medical GMBH
• Elkem ASA
• Bally Ribbon Mills
• Asahi Kasei Corporation
• Freudenberg Medical LLC
• Getinge AB
• Halyard Health
• Kimberly-Clark Corporation
• Milliken & Company
• Molnlycke Health Care AB
• Precision Fabrics Group Inc.
• Secant Group LLC
• Stradis Healthcare
• Tietex International Ltd.
• Trelleborg AB
• United Medical Industries Co. Ltd.
• Vestagen Protective Technologies Inc.
• W.L. Gore & Associates Inc.
• Weaving Machinery UK Ltd.
• Welspun Group
• Zimmer Biomet Holdings
What Are The Key Trends In The Biomedical Textiles Market?
Key market trends that are propelling the growth of the biomedical textiles market include:
• Advancements in medical technology
• Research collaborations
• Sustainable textiles trend
What Are The Segments Of The Global Biomedical Textiles Market?
The global biomedical textiles market is segmented as follows:
1) By Product Type: Non-Implantable, Implantable
2) By Fabric: Non-Woven Biomedical Textiles, Woven Biomedical Textiles, Knitted Biomedical Textiles
3) By Fiber Type: Non-Biodegradable, Biodegradable
4) By Applications: Ophthalmology, Neurology, Cardiology, Dentistry, Orthopedics, General Surgery And Treatment, Other Applications
5) By End Users: Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Other End Users
Which Region Leads The Biomedical Textiles Market?
In 2024, North America was identified as the leading region in the biomedical textiles market. Moreover, the Asia-Pacific region is projected to be the fastest-growing region during the forecast period. The regions covered in the biomedical textiles market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Biomedical Textiles Global Market Report?
- Market Size Analysis: Analyze the Biomedical Textiles Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biomedical Textiles Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biomedical Textiles Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biomedical Textiles Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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