Medical Textiles Market: Global Trends, Demand, and Forecast 2015-2019
About Medical Textiles Material
Medical textiles is a sub-segment of the technical textiles segment, and it is one of the fastest growing sub-segments. The pertinent need for sanitation propels the demand for medical textiles. Medical textiles materials range from scaffolds for tissue culturing, simple gauze, bandage materials, to prostheses for permanent body implants. Hospitals and medical facilities are the major end-users of this product. Investment in medical textiles is increasing across the globe, and the market is expected to grow at a high rate, especially in APAC, over the coming years. Technavio’s analysts forecast the global medical textiles material market to grow at a CAGR of 3.87% over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global medical textiles material market for the period 2015-2019. The report includes the segmentation of the market based on the following criteria: type (healthcare and hygiene products, non-implantable goods and implantable goods), application (surgical dressings, healthcare textiles, surgical suture, diapers, medical implants and devices, others), geography (APAC, Europe, North America, and ROW).
Technavio's report, Global Medical Textiles Material Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a comprehensive discussion on the market, segmented by geography. The report includes a discussion of the key vendors operating in this market and a comment on the vendors’ product portfolios.Key Regions
Technavio Announces the Publication of its Research Report – Global Medical Textiles Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Medical Textiles Market: Beiersdorf AG, Covidien Ltd., Johnson & Johnson Services, Inc., Honeywell International Inc. and 3M Health Care Ltd.
Other Prominent Vendors in the market are: Bioretec, Edwards Lifesciences, Kimberly-Clark, Procter & Gamble, Smith & Nephew and W. L. Gore and Associates
Commenting on the report, an analyst from Technavio’s team said: “Mounting pressures as a result of rising demand for healthcare services are significantly shaping the market. Consolidation increases the quality of care, efficiency, and access to care, which, in turn, reduces the cost of treatment. By merging large and small hospitals, patients at smaller hospitals tend to receive a better quality of treatment and access to specialties and advanced technologies. While, larger hospitals gain a bigger share of the consumer health market.”
According to the report, lack of physical activity and poor diets are adversely affecting people’s health, thereby leading to major medical problems. With increasing populations, people are exposed to many toxins, thereby, taking a toll on their lives. Also, because of immense competition, people are prone to stress-related illnesses, including risk of heart attacks, strokes, high blood pressure, immunodeficiency diseases, and increased infertility rates. Extracorporeal devices such as artificial kidneys made of hollow polyester fiber or hair-sized cellulose fibers, artificial hearts, and artificial livers are adding value to the medical textiles market and contributing to market growth.Further, the report states that rising cost of medical treatment is a major reason affecting the market growth.
Beiersdorf AG, Covidien Ltd., Johnson & Johnson Services, Inc., Honeywell International Inc., 3M Health Care Ltd., Bioretec, Edwards Lifesciences, Kimberly-Clark, Procter & Gamble, Smith & Nephew, W. L. Gore and Associates
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