The Global Biomedical Textile Market is expected to reach USD 17.01 Billion by 2025, from USD 11.08 Billion in 2017 growing at a CAGR of 5.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2017, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Biomedical Textiles Market, By Usage (Non-Biodegradable Fiber, Biodegradable Fiber and others), By fabric type (Non-Woven Fabric, Woven Fabric), By Application (Non-Implantable, Surgical Sutures, others), By End Users (Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Top Competitors:
Some of the major players operating in the global biomedical textile market are:-
- Royal DSM,
- Medtronic ,
- Integra LifeSciences Corporation,
- Freudenberg & Co. KG,
- Bally Ribbon Mills,
- Atex Technologies,
- Vestagen Protective Technologies Inc,
- Confluent Medical Technologies,
- Elkem Silicones,
- US BioDesign,
- Nitto Denko Corporation.
- Kimberlay clark, Molnlycke,
- Rochal Industries LLC.
- AstraZeneca,
- 3M Company.
- Ahlstrom-Munksjö,
- Meister & Cie AG,
- Biomedical Structures LLC,
- among others
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Market Definition:
This market report defines the market trends and forecast the upcoming opportunities and threats of the biomedical textile market in the next 8 years. Biomedical textile is a class of fibers consists of non-woven fabric that contains growth and differentiation factors for wound dressing. These medical fibers are designed in such a way that they accelerate the wound healing and tissue regeneration. They are mainly used in the skin injuries, skin graft, diabetic ulcers, and others. Suitable raw materials are used for medical fiber such as collagen, gelatin, fibrin, casein or polysaccharides such as dextran, cellulose, starch as well as polymers such as polylactide, polyglycolide, or polycaprolactone. In March 2011, Biomedical Structures, LLC acquired medical textile manufacturer Concordia Medical, LLC. A silicone coated substrate in the wound dressing was developed by the KCI in USA. In May 2015, Elkem silicones entered into the partnership with bluestar silicones for distribution of silicone elastomers for all countries and applications outside China. This strategic integration steered the distribution channels for silicones business with China National Bluestar Group. In December 2016, Mölnlycke Health Care enters made a licensing agreement with Rochal Industries. The licensing agreement includes skin protectant products, next generation antimicrobial barrier film and wound dressing with safetac technology.
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Major Market Drivers:
- Increase number of surgeries, skin graft and skin injuries
- Increase in the geriatric population.
- Increase in the demand of the utilization of wound care products like orthopedic implants, plaster, gauzes.
- Increased investment in research and development of biomedical textiles
- Downward pricing pressure owing to its commodity nature
- Increase in high quality dressing materials like adhesives and bandages.
Competitive Analysis:
The Global Biomedical Textile Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biomedical textile market for global, Europe, North America, Asia Pacific and South America.
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Key Questions Answered in Global Biomedical Textiles Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Biomedical Textiles Market in 2024?
What are the key factors driving, Analysis by Applications and Global Biomedical Textiles Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Biomedical Textiles Market?
Who are Opportunities, Risk and Driving Force of Global Biomedical Textiles Market?
Who are the opportunities and threats faced by the vendors in Global Biomedical Textiles Market?
What are the Global Biomedical Textiles Market opportunities, market risk and market overview of the Market?
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