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Medical Textiles Market Size Predicted To Reach USD 16007 Million by 2022

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Medical Textiles Market Size Predicted To Reach USD 16007 Million by 2022

November 03
11:50 2018

The Global medical textile market, supported by increasing road accidents and surgeries
This report on Global Medical Textiles Market presents a detailed view of the market covering Medical Textiles Market size, share, growth rate, competitive landscape, and region level analysis till 2023.

Medical textiles are one of the fastest growing sectors in the technical textiles market. Textile materials for medical and medical products range from simple bandages or gauzes to scaffolds for tissue repair and a wide variety of prostheses for body implants. The use of medical textiles depends on their properties such as flexibility, absorption, softness, filtering, and others. Medical textiles can be classified as implantable materials, non-implantable materials, hygiene and health products, and extracorporeal products. Medical textiles have applications in the medical and biological sectors. They are used for first aid, rehabilitation, hygiene or clinical purposes. Medical textiles are used to treat wounds, protect against wound infections, bandages, and compression garments. In addition, it is used for extracorporeal and implantable materials such as art.

Global Medical Textiles Market Size:

According to our report, the size of Global Medical Textiles Market will reach USD 16007 Million by 2022 from USD 10212 Million in 2014 to USD 12190 Million in 2017 registering a CAGR of 6.08% during 2018 to 2022.

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Global Medical Textiles Market – Drivers and restraints:

The market for medical textiles is growing at a considerable pace due to the increasing number of surgical procedures and technological advances in the field of medicine. Factors such as profitability, product innovations, increased awareness of nosocomial infections, and the growing need for better infection control, growing concerns about patient protection, the aging of the population and the growing regulations for professionals of the health and safety of the patient are supporting the medical textile market. Rising number of implants, surgeries, patients with chronic illness, increasing the number of accidents are other factors driving the market. In addition, the market for medical textiles is expected to be increasingly taken into account by the public in terms of hygiene and the development of the medical sector. Conversely, limited raw materials and strict government regulations on the product manufacturing process can be barriers to market growth.

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Global Medical Textiles Market – Geographic Segmentation:

Europe dominates the medical textile market. North America follows this trend and must maintain it in the future. The Asia-Pacific region is expected to grow rapidly as a result of government programs, the growth of manufacturing units and the widespread promotion of medical textiles in this region.

Major manufacturers in the medical textile market are Kimberly-Clark Corporation, Beiersdorf India Pvt. Ltd., Johnson & Johnson, Vestagen Technical Textiles Inc, Honeywell International, Imedex Biomateriaux, and Halyard Health. Other key players influencing the medical textile market are Cardiva Integral Solutions, Bally Ribbon Mills, Freudenberg & Co. KG, Bluestar Silicones International, and Biomedical Structures.

Key Takeaways from this Report:

  • For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
  • Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
  • Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
  • Increase overall revenue by understanding the geographical impact on sales and distribution channels.
  • Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
  • Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
  • Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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About Research Cosmos:

Client requirement being the initial priority, Research Cosmos offers the highest standard of market research, business intelligence and consulting services to almost every industry of the world. We integrate our portal with the content of publishing giants of the world to offer a humungous range of market reports that can serve the purposes of different customers, including the fortune listed companies. We provide both syndicated and customized reports, covering all the prominent aspects of different industries.

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