The global medical textiles market is anticipated to reach
USD 23.3 billion by 2025, according to a new report conducted by Grand View
Research, Inc. Rising awareness for better healthcare practices, ongoing
technological advancements, regulatory framework mandating the usage of medical
textiles, and rising geriatric population are expected to be the major growth
drivers responsible for the growth of global market over the forecast period.
Globally, the economies are supporting
and providing numerous programs in order to encourage the production and
consumption of medical textiles. Growing population rise in the number of
elderly population, and the construction of new medical facilities resulting in
reduced healthcare costs, and enhanced effectiveness are fueling the growth of
global market.
On the basis of fabrics, medical
textiles market is segmented into woven, knitted, non-woven, and others.
Nonwoven fabrics are cost-effective and known for offering easy disposability
when there is a high risk of contagious diseases, which positions it as a
dominating segment in the global market. Woven fabrics are usually
dimensionally very stable but less extensible and porous than other structures.
Knitted fabrics are highly extensible as compared to woven fabrics. With latest
innovations in the textile technology, a wide variety of non-woven, knitted,
and woven forms of the textile are gradually finding their way into a variety
of surgical procedures.
Based on application, market is
segmented as implantable goods, non-implantable goods, healthcare & hygiene
products, and others. Non-implantable goods segment is the largest and fastest
growing application of medical textiles. Worldwide the incidence of injuries is
burgeoning fueling the demand for medical textiles in non-implantable goods
segment.
Market players are developing advanced
corporate strategies while using creative marketing campaigns to fascinate
younger adults who will further support the growth of the non-implantable goods
in the years to come. The companies offering non-implantable goods are reaping
benefits from nationwide distribution with the products not just being limited
to pharmacies or chemists, but also being retailed in small independent
retailers in suburban neighborhoods.
Browse full research report on Medical Textiles Market: https://www.grandviewresearch.com/industry-analysis/medical-textiles-market
Further key findings from the report suggest:
- U.S.
medical textiles industry revenue is projected to grow at a rate of 5.3%
over the forecast period. The rising concern regarding chronic diseases
and aging population has led to increased demand for non-implantable goods
in the country, which is driving the market.
- Germany
medical textiles market was valued for USD 1,852.1 million in 2018 and is
projected to grow significantly over the forecast period. Germany is a
major country in foreign trade of medical textiles. The country stands
among top five largest exporter of textiles and clothing globally,
recording an export quota of approximately 40% in 2018.
- China
market is anticipated to reach USD 1,547.4 million by 2025. Rising
urbanization, favorable demographic trends, increasing burden of diseases,
expanding population with rise in income levels promoting greater
awareness of and access to treatments are expected to boost the demand for
medical textiles in China.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/medical-textiles-market/request/rs1
Grand View Research has segmented the global medical textiles
market on the basis of fabric, application, and region:
Fabric Outlook (Volume, Kilo Tons; Revenue, USD Million;
2015 - 2025)
- Woven
- Knitted
- Non-woven
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2015
- 2025)
- Implantable
goods
- Non-implantable
goods
- Healthcare
& hygiene products
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million;
2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- Japan
- India
- South
Korea
- Central
& South America
- Middle
East and Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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