Press release
Global Biomedical Textiles Market Share Projected to Surpass $25.8 Billion by 2029 with 10% Annual Growth
Biomedical Textiles Market Share
The increase in chronic diseases is fuelling the growth of the biomedical textiles market. These illnesses, which need medical care and last over a year, have led to an emphasis on surgical procedures. Biomedical textiles find applications in these diseases, used for surgical wound closure and preventative measures against chronic wounds. For example, in September 2024, reports from the UK government's Office for Health Improvement & Disparities showed that in the first six months of 2023, chronic lower respiratory diseases accounted for 3,940 additional deaths, a rise of 30% compared to projected rates. This figure climbed to 5,363 for the whole year, marking an overall increase of 22%. Therefore, the increasing incidence of chronic diseases serves as a significant contributing factor for the growth of the biomedical textiles market.
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How will the growth rate of the biomedical textiles market shape industry trends by 2034?
The market size of biomedical textiles has seen a significant increase in the past few years. The market, which was worth $16.63 billion in 2024, is projected to reach $17.81 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. This growth during the historical period is due to factors such as the prioritization of infection control, worldwide health crises, emphasis on regenerative medicine, and the high occurrence of chronic diseases.
The market size for biomedical textiles is predicted to experience significant expansion in the upcoming years. It is anticipated to escalate to $25.78 billion in 2029 with a compound annual growth rate (CAGR) of 9.7%. The augmentation in the projected timeframe can be credited to factors like evolving health and wellness practices among consumers, worldwide health readiness, uses in military and defense, requirements in personalized medicine, telemedicine and wearable health. The primary trends expected over the forecast period encompass advancements in medical technology, research partnerships, and the shift towards sustainable textiles.
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What trends are poised to drive the future success of the biomedical textiles market?
Advancements in product design are leading trends in the biomedical textiles sector. Foremost competitors in the industry are prioritizing research and development to introduce novel products within the expanding market. For instance, Fabiosys Innovations, a healthcare product production company based in India, introduced Fabium in March 2022. This medical textile, developed with the use of Hi-PAT technology, is extremely potent against viruses, bacteria, and fungi. The production of this fabric involves processing raw cotton fabric with standard textile processing machinery and distinct proprietary chemical formulas.
Which primary segments of the biomedical textiles market are driving growth and industry transformations?
The biomedical textiles market size has grown strongly in recent years. It will grow from $16.63 billion in 2024 to $17.81 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to infection control prioritization, global health emergencies, focus on regenerative medicine, prevalence of chronic diseases.
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Which geographical regions are pioneering growth in the biomedical textiles market?
North America was the largest region in the biomedical textiles market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biomedical textiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the biomedical textiles market landscape?
Major companies operating in the biomedical textiles market are 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
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What Is Covered In The Biomedical Textiles Global Market Report?
• Market Size Forecast: Examine the biomedical textiles market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the biomedical textiles market for a structured understanding.
• Key Players Overview: Analyze major players in the biomedical textiles market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biomedical textiles market.
• Segment Contributions: Evaluate how different segments drive overall growth in the biomedical textiles market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biomedical textiles market.
• Industry Challenges: Identify potential risks and obstacles affecting the biomedical textiles market.
• Competitive Landscape: Review strategic developments in the biomedical textiles market, including expansions, agreements, and new product launches.
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