According to Fact.MR, the global biomedical textiles market was valued at around US$ 12 Bn in 2020, and is projected to expand 1.4X to top US$ 17 Bn by 2031. Technological advancements in textiles for better treatment and increasing health awareness among people are key factors expected to drive market growth at a CAGR above 5% across the 2021-2031 forecast period.
Key Points Covered in Biomedical Textiles Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Biomedical Textiles and How to Navigate
- Recommendation on Key Winning Strategies
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Biomedical Textile Demand Analysis from 2016-2020 Vs Future Market Outlook for 2021 to 2031
As per Fact.MR – a market research and competitive intelligence provider, over the last 5 years, the global market for biomedical textiles expanded at close to 4% CAGR. In 2020, the market was valued at around US$ 12 Bn.
Changing lifestyles and growing awareness about health & hygiene have increased the demand for biomedical textiles that have antibacterial, anti-fungal, and easy healing properties.
According to a survey conducted by Dow Microbial Control, a business unit of The Dow Chemical Company (US), more than 60% of consumers demand for advanced wound dressing materials having the ability to resist dust, mold, and parasites as well as bacterial, viral, and airborne infections. The survey also concluded that, consumers prefer premium products to fulfill their requirements of wound dressing products with better performance.
This, in turn, creates an ideal environment for biomedical textiles across the world, and the market is expected to top a valuation of US$ 17 Bn by 2031.
Why is Demand for Biomedical Textiles Rapidly Increasing?
Growing healthcare industry on account of rising healthcare budgets, increasing health awareness, and rising healthcare expenditure are likely to drive the global biomedical textiles industry over the forecast period 2021-2031.
Growing cases of accidents, lifestyles diseases, and frequent infection spread propel the need for technological innovations to ease treatment processes, and thus, are expected to provide huge market scope for biomedical textile manufactures in the healthcare industry.
Furthermore, upcoming technology such as tissue engineering, wherein, specially designed textiles can form a new tissue around them, which would enable the body not to solely to depend on synthetic material for the implant, is surging the popularity of biomedical textiles.
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Which Properties of Biomedical Textiles Augment their Need?
Due to excellent properties such as filtering, lightness, absorption, and flexibility, biomedical textiles are extensively used in manufacturing first-aid items such as wound dressings and bandages. Most importantly, these textiles are widely used for implants on patients in various medical treatments such as arterial grafts, artificial organ and other skin, sutures and ligatures, and artificial repair fabrics.
Since biomedical textiles are meant for hygienic health and personal care, they are non-toxic, biocompatible, and non-allergenic materials in nature that have a wide range of applications in daily-used products. Sanitary napkins, wipes, adult and baby diapers, and eye lenses are a few of the products that commonly use biomedical textiles for various walks of life.
Which Region Offers the Largest Opportunity for Biomedical Textile Manufacturers?
The Asia Pacific (APAC) region is projected to be the fastest-growing market for biomedical textiles during 2021 to 2031. Emerging markets of APAC, such as China, India, and Singapore, with increasing healthcare expenditure and rising disposable income, are expected to boost demand for biomedical textiles in healthcare. Further, rising expenditure on setting up technical textile plants will directly drive sales and demand for biomedical textiles.
For instance, the state government of Gujarat (India) intends to set up a technical textile mission that would attract an investment of around US$ 1.62 Bn for establishing 2,000 technical textile manufacturing facilities. Growth in the demand for technical textiles will therefore directly influence demand for biomedical textiles in the country.
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How Will Biomedical Textile Demand Outlook Shape Up in the U.S.?
Market analysis on biomedical textiles across North America reveals that the U.S. generated bulk of total demand, being valued at around US$ 3.5 Bn in 2020. The U.S. dominates the market due to huge spending on healthcare and technological innovation in healthcare products.
North America is currently occupying around 30% of the global market share. The U.S. is expected to continue to register considerable growth over the coming years, owing to mass health awareness about the benefits and effectiveness of surgeries. Extensive consumption across key medical domains is bolstering the growth prospects for manufacturers in the country.
What are the Growth Opportunities for Biomedical Textiles across China?
China is forecast to reach a projected market size of above US$ 3 Bn by 2031. Biomedical textiles are one of the top growth markets for technical textiles in China. The market of surgical suture applications is witnessing significant growth in China, owing to increase in the number of surgeries being performed.
The number of patients suffering from cardiovascular diseases is also increasing in the country. Vascular grafts made from biomedical textiles are prosthetic veins or arteries that are placed in the heart to replace a blocked or weakened vein or artery. Grafts can replace veins or arteries with diameters ranging from 6 mm to 1 cm. Hence, demand for biomedical textiles in China is growing at a rapid pace.
Why are Non-woven Fabrics So Prominent in the Market for Biomedical Textiles?
Based on type of fabric, the non-woven fabric segment accounts for over 30% share of the market, and is also projected to expand at a CAGR of above 3% over the forecast period, owing to high demand from non-implantable applications such as gauze, cohesive, adhesive, tubular, and triangular bandages.
Non-woven fabrics are unique, high-tech, and engineered fabrics used across a wide range of applications and products. These fabrics offer superior performance properties, such as excellent absorption, softness, smoothness, strength, stretchability, comfort, fit, and cost-effectiveness.
Increasing awareness about the benefits of using this fabric type in the healthcare industry is expected to propel its demand through 2031.
Why are Non-implantable Biomedical Textiles Gaining Immense Popularity?
As per market insights on biomedical textiles, over 40% biomedical textile demand is stimulated by non-implantable applications. Non-implantable products are used for external application on the body with or without skin contact to provide protection against infection, absorption, exudation of blood & excess fluids, and healing.
Demand for biomedical textiles in non-implantable applications is mainly driven by increase in consumption of wound care products such as gauzes, adhesive bandages, cohesive bandages, and others. Increasing number of accidents and surgeries is driving the market for biomedical textiles for non-implantable applications.
How Has COVID-19 Impacted Demand for Biomedical Textiles?
With the rise of the COVID-19 pandemic, medical and healthcare departments are working at their peak levels to treat patients. This has led to advancements in technologies and products being used in healthcare.
Demand for biomedical textiles has grown during the pandemic, owing to the fact that, with the use of biomedical textiles, damaged tissues or organs can be treated. This is a result of advanced medical inventions related to biomedical textiles.
COVID-19 has created a desperate need for all advancements to cure the disease, health problems, and the virus itself. Raw material shortages are some of the challenges for the growth of the market; however, with increase in number of treated people and initiation of essential services, these challenges are expected to get eradicated slowly.
Governments are strongly supporting developments and advancements in the medical field for fighting against the virus, which, in turn, is benefiting the market for biomedical textiles. 2021 is projected to be better, with the market regaining its original traction by 2022.
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In 2017, DSM Biomedical developed a novel braiding technology by partnering with Meister & Cie AG. The technology uses UHMWPE fibers and Dyneema Purity fibers, for the design and construction of implantable medical devices. This platform technology offers medical device manufacturers freedom to design and the possibility for device miniaturization, thus enhancing the use of biomedical textiles in various applications.
Biomedical Textiles Market Report Scope
Historical Data Available for
|Units for Volume and US$ Mn for Value|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Market Segments in Biomedical Textiles Industry Research
- Non-woven Biomedical Textiles
- Woven Biomedical Textiles
- Knitted Biomedical Textiles
- Biodegradable Biomedical Textiles
- Non-biodegradable Biomedical Textiles
- Biomedical Textiles for Implantable Applications
- Biomedical Textiles for Non-implantable Applications
- Biomedical Textiles for Surgical Sutures Applications
- Biomedical Textiles for Ophthalmology
- Biomedical Textiles for Neurology
- Biomedical Textiles for General Surgery
- Biomedical Textiles for Orthopedics
Biomedical Textiles Market: Report Scope
A recent study by Fact.MR on the biomedical textiles market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with biomedical textiles market!
The study also provides the dynamics responsible for influencing the future status of the biomedical textiles market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing biomedical textiles, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of biomedical textiles across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of biomedical textiles during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative markets for biomedical textiles?
- Which factors will impact the growth of the market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the biomedical textiles market?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Market estimates at global and regional levels for biomedical textiles are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global biomedical textiles market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the biomedical textiles market during the forecast period.
Country-specific valuation on demand for biomedical textiles has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
The report sheds light on leading manufacturers of biomedical textiles, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering biomedical textiles has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the biomedical textiles market.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of biomedical textiles market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
The global biomedical textiles market is currently valued at around US$ 13 Bn, according to Fact.MR.
The market for biomedical textiles is projected to rise at a CAGR of over 5% during 2021 – 2031.
The industry increased at a CAGR of close to 4% from 2016 to 2020.
Increasing awareness among consumers regarding the treatment of chronic diseases around the world is largely expected to drive market growth.
Increasing popularity of non-implantable biomedical textiles is likely to be a major driver for the market over the years to come.
Top 5 key players manufacturing biomedical textiles account for around 50% share in the global market.
Top 5 countries driving demand for biomedical textiles are China, India, the U.S., Japan, and Germany.
North America accounts for around 30% of global biomedical textile demand, and will continue to flourish over the years ahead.
The European market for biomedical textiles is projected to expand at a CAGR of more than 3% during 2021 – 2031.
The market in South Korea and Japan is set to expand at around 4% CAGR each, through 2031.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.