[FURL=https://www.industryarc.com/Research/Medical-Textiles-Market-Research-508466?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Medical textiles market[/FURL] size is forecast to reach $24.4 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026. The broad range of specialized products, ranging from high-volume disposable products such as infant diapers, and feminine hygiene are manufactured using woven fabric based medical textiles. Medical textile-based products and implants replace the need to use artificial tissues, ligaments, and joints in surgeries, thus allowing faster recovery and improving the rehabilitation process for the patient. These extremely specialized and high-value textile products are also used in blood filtration, surgical sutures, prostheses and more. The market is expected to be driven by the increasing geriatric population, ongoing technical developments, and a strict regulatory structure mandating the use of medical textiles. Furthermore, the increased awareness of emerging wound care technologies, the diabetic and aging populations, and government support in the form of funding non-implantable products are also anticipated to propel the growth of medical textiles industry during the forecast period.COVID-19 Impact
The spread of COVID-19 has rapidly advanced into a pandemic case, causing significant disturbances in health care systems, including the treatment of wounded patients. The distribution of wound care, which should be considered an important medical facility, has changed as a matter of necessity.
Key Takeaways
Asia-Pacific dominates the medical textiles market, owing to the increasing healthcare investments by the government in the region. For instance, in July 2020, the Korean government unveiled its plans to invest 2.8 trillion won ($2.3 billion) in developing new key technologies to foster the bio-health industry over the next decade.
Additionally, the increasing demand for nanofibers manufactured using biocompatible and biodegradable materials is also having a positive effect on the market as they contribute significantly to tissue engineering, drug delivery and wound healing.
Factors such as the rising demand for non-woven medical textiles will also provide industry suppliers with tremendous growth opportunities. The growth of market participants however would be impeded by challenges such as fluctuating crude oil prices.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/[/FURL]
Medical Textiles Market Drivers
Increasing demand for Advanced Wound Dressing Materials
Flourishing Medical Industry Accelerating the Demand for Medical Textiles
Medical textiles market are Ahlstrom-Munksjö Oyj, Asahi Kasei Corp., Cardinal Health, Inc., First Quality Enterprises, Inc., Freudenberg Group, Getinge AB, KARL OTTO BRAUN GmbH & Co. KG, Kimberly-Clark Corp., Duvaltex, Schouw & Co., andTWE GmbH & Co. KG
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.