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The global medical textiles industry is being significantly aided by the growth in the Asia Pacific region. Emerging markets, such as China, India, South Korea, and Singapore, have become lucrative destinations for medical textile testing companies, which is influencing the overall medical textiles industry positively. A variety of factors, including a growing inclination towards highly efficient medical textiles and a rising market size in developing countries, are providing new avenues for growth for players in the global market for medical textiles. The Asia Pacific market also offers lucrative opportunities for the medical textiles industry due to the heightened spending on healthcare infrastructure and medical hygiene products, such as tissues and sanitary napkins.
In February 2017, Asahi Kasei (OTCMKTS: AHKSY), a key player in the industry, together with Textiles SBU, added a new production facility for Bemliese™ cupro continuous-filament non-woven fabric in Nobeoka, Miyazaki, Japan. Bemliese is the only non-woven cuprofilament fabric globally. It is comprised of cellulose regenerated fibre made of linter cotton and fibres around the seeds of cotton. These natural origins make Bemliese ideal for industrial as well as commercial use in a wide range of applications-in the fields of skincare and medical care. The launch of such products in the market is expected further boost the medical textiles industry growth.
Market Analysis by Type, Product, Fabric, Application, and Region:
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The major players in the global medical textiles market are ATEX Technologies, Inc., Asahi Kasei Corporation, Bally Ribbon Mills, Freudenberg Group, Ahlstrom-Munksjö Oyj, and Life Threads LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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