ATEX Technologies, Inc., Asahi Kasei Corporation, Bally Ribbon Mills, Freudenberg Group, Ahlstrom-Munksjö Oyj, and Life Threads LLC, among others, are significant players in the global medical textiles market.
The global medical textiles market is expected to grow at a CAGR of about 4% in the forecast period of 2023-2028. As per the analysis by Expert Market Research, the market is expected to be driven by the robust growth of the medical industry.
Consumers are becoming more conscious of healthcare procedures, which is aiding the market for medical textiles. The rising diabetic and geriatric populations requiring regular medical attention are also fuelling market development. Moreover, the increasing demand for medical textiles manufactured from biodegradable and biocompatible materials is benefitting the market demand. The preference for medical textiles offering enhanced strength, biocompatibility, and flexibility, among others, is significantly increasing.
With the surged healthcare expenses, increased awareness regarding the advantages of medical textiles, and bolstered R&D activities, the market is anticipated to witness a healthy growth. Rapid technological advancements and innovations are likely to further favour the market development of medical textiles in the forecast period.
The development of innovative medical textiles with enhanced absorption capacity that can effectively clean wounds is anticipated to augment the market growth. The rising hygiene awareness, especially after the COVID-19 pandemic, is expected to enhance the use of medical textiles in sanitary and hygiene products to offer comfort, cost-effectiveness, and safety. As hospitals and healthcare organisations are increasingly focusing on reducing microbial transmissions, the demand for medical textiles is likely to grow. Furthermore, the market is anticipated to be favoured by the increasing research activities to surge the sustainability, safety, and comfort of medical textile.
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|Headquarters:||North Carolina, United States|
ATEX is a market leader in developing and manufacturing implantable and high-performance textiles for use in the medical sector. It aims to develop textile-based components offering durability as well as consistent and precise performance. By deploying techniques such as knitting, braiding, weaving, and non-woven processes, the company is transforming fibre science capabilities.
Asahi Kasei Corporation is a Japanese company that manufactures chemicals and electronic-related materials. The company serves various end-use industries, including automotive, fibre, agriculture, chemical, healthcare, and consumer electronics and IT, among others. With 46,751 employees, the company’s operating income in FY 2021-22 was JPY 203 billion. Its operation bases are located across the globe for enhanced services and consumer experiences.
|Headquarters:||Pennsylvania, United States|
Bally Ribbon Mills is a company that develops, designs, and manufactures specialised tapes, woven webbing, and speciality fabrics for use in the medical, defence, aerospace, industrial, commercial, and automotive sectors. Some of the products manufactured by the company are 3-dimensional interlocking angels, uni-directional fabrics, narrow woven tape and webbing braided structures, and 2-dimensional shapes, among others. Its Advanced Products Group supports the development of fabrics in accordance with consumers’ specific requirements.
The Freudenberg Group is a German family-owned conglomerate that manufactures housewares and cleaning goods, automotive components, and textiles, among others. As of 2021, the company’s seals and vibration technology segment had 29,111 employees and its technical textiles and filtration segment had a workforce of 11,227 employees. The overall company attained net sales of EUR 10,038.7 million in 2021.
Ahlstrom-Munksjö Oyj is a worldwide manufacturer of fibre-based goods, including filters, abrasive backings, nonwoven textiles, electrotechnical paper, and liners, among others. Over 90% of Ahlstrom-goods Munksjö's are manufactured using renewable fibres. It generated sales of EUR 3.1 billion in 2021 and employs 8,000 people.
|Headquarters:||New York, United States|
Life Threads LLC combines cutting-edge antimicrobial technology with soft, flexible, and fashionable clothing for healthcare providers. It strives to provide fashionable and comfortable clothes for healthcare workers by establishing a premium lifestyle brand with customised styles. Numerous healthcare organisations like HCA healthcare and Mercy health rely on the company’s products.
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