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According to the estimates by IMARC Group, the global medical textiles market is expected toto grow at a CAGR of 4.80% from 2021 to 2026.
The growing incidences of accidents caused by fire, road collisions, chemical exposure, etc., are propelling the demand for gauges and bandages which represent one of the key drivers for the global medical textiles market.
The rising investments in extensive R&D activities for the introduction of advanced product variants represent one of the key trends in the global medical textiles market.
Sudden outbreak of the COVID-19 pandemic had resulted in a surging need for PPE kits, gloves, gowns, surgical masks, etc., that are manufactured by medical textiles.
On the basis of the product type, the market has been bifurcated into non-woven, knitted, woven and others. Currently, non-woven product holds the majority of the total market share.
On the basis of the application, the market has been divided into implantable goods, non-implantable goods, healthcare & hygiene products and others. Among these, implantable goods represent the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global medical textiles market are Asahi Kasei, Cardinal Health, Freudenberg, Getinge, KCWW, Schouw, ATEX Technologies Inc., Bally Ribbon Mills, Vestagen Technical Textiles Inc., Bluestar Silicones, Biomedical Structures, Medical Grade Innovations, Strategic Partners, Life Threads LLC, etc.
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