Global Medical Textiles Market 2023-2027

Global Medical Textiles Market 2023-2027

Technavio has been monitoring the medical textiles market and it is poised to grow by $6,097.14 mn during 2023-2027, accelerating at a CAGR of 5.92% during the forecast period. Our report on the medical textiles market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rowing demand for non-woven medical textiles, eExpanding elderly population, and increasing healthcare spending worldwide.

Technavio's medical textiles market is segmented as below:

By Product

• Woven medical textiles
• Non-woven medical textiles
• Knitted textiles

By Application

• Surgical
• Healthcare and hygiene products
• Extracorporeal

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the growing demand for nanofibers in the medical industry as one of the prime reasons driving the medical textiles market growth during the next few years. Also, the emergence of biodegradable fibers for medical implants and online sales will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the medical textiles market covers the following areas:

• Medical textiles market sizing
• Medical textiles market forecast
• Medical textiles market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical textiles market vendors that include Ahlstrom Munksjo, Asahi Kasei Corp., ATEX Technologies Inc., Bally Ribbon Mills, Baltex, Cardinal Health Inc., Confluent Medical Technologies, FIBERWEB INDIA LTD., First Quality Enterprises Inc., Gebruder Aurich GmbH, Getinge AB, Kimberly Clark Corp., KOB GmbH, PFNonwovens AS, Priontex, Schoeller Textil AG, Schouw and Co., TWE GmbH and Co. KG, Tytex AS, and Freudenberg SE. Also, the medical textiles market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.