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Global Medical Textiles Market to Reach USD 17 Billion by 2026, Aided by the Growing Demand from the Asia Pacific Region

According to a new report by EMR titled, ‘Global Medical Textiles Market Report and Forecast 2021-2026’, the global market for medical textiles reached a value of USD 13 billion in 2020. The market is further expected to grow at a CAGR of 4% between 2021 and 2026 to reach a value of USD 17 billion by 2026.

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:

  • Based on type, the industry can be divided into disposable and non-disposable.
  • The products available in the market include surgical gowns, operating room drapes, sterilization wraps, face masks, staff uniforms, hospital beddings and curtains, wipes, and sanitary napkins and diapers, among others.
  • The leading fabric types in the industry include woven, knitted, and non-woven, among others.
  • Medical textiles find their applications in implantable goods, non-implantable goods, and healthcare and hygiene products, among others.
  • The regional markets for medical textiles include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Rapid technological advancements and product improvements are expected to drive the market growth.
  • Increased exposure to the provision of quality medical facilities and methods of treatment is expected to accelerate the market growth.
  • The rising awareness of healthcare practices among the consumers is further propelling the market forward.
  • The rising number of medical procedures, with an increasing population suffering from chronic diseases, is expected to fuel the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for medical textiles for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, products, fabrics, applications, and major regions of medical textiles.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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