Global Medical Textiles Market Grow at Healthy CAGR forecast by 2026 with Top Ke

Posted by swamiv on October 31st, 2019

Global Medical Textiles Market 

Global medical textiles market By Product (Surgical Gowns, Operating Room Drapes, Sterilization Wraps, Face Masks, Staff Uniforms, Hospital Bedding & Curtains, Wipes, Others), Fabric (Woven, Knitted, Non-Woven, Others), Application (Implantable Goods, Non-Implantable Goods, Extracorporeal, Healthcare & Hygiene Products, Others)

Market Analysis: Global Medical Textiles Market 

Global medical textiles market is expected to rise to an estimated value of USD 22.97 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising awareness regarding prevention of spread of infections with the usage of these products amid incidences of life-threatening hospital-acquired infections.

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Competitive Analysis: Global Medical Textiles Market 

Global medical textiles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical textiles market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Medical Textiles Market 

Medical textiles are specialised clothing products that are designed specially to prevent further spreading of infections, reduce the healing process and also prevent from contamination of wounds during surgery. These textiles include products from simple gauze to textiles required to cover up the implants utilized during surgery. These products are specifically designed to keep the patient’s healthcare safety first.

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Market Driver:

  •          Continuous advancement in technologies and innovations in product offerings; this factor is expected to drive the growth of the market
  •          Growing concerns and awareness regarding the availability of better offering of healthcare services & treatment methods; this factor is expected to enhance the growth of the market
  •          Increasing number of healthcare procedures amid a growth of the chronic population; this factor is expected to flourish the growth of the market

Market Restraint:

  •          Presence of strict compliances and regulations regarding the usage of certain materials & their manufacturing methods; this factor is expected to restrain the market growth
  •          Lack of certain raw materials required for the consistent production of these products; this factor is expected to restrain the growth of the market

Segmentation: Global Medical Textiles Market 

By Product

  •          Surgical Gowns
  •          Operating Room Drapes
  •          Sterilization Wraps
  •          Face Masks
  •          Staff Uniforms
  •          Hospital Bedding & Curtains
  •          Wipes
  •          Others

By Fabric

  •          Woven
  •          Knitted
  •          Non-Woven
  •          Others

By Application

  •          Implantable Goods

o    Artificial Ligaments

o    Vascular Grafts

  •          Non-Implantable Goods

o    Plaster

o    Gauze

o    Wadding

o    Compression Bandage

o    Elastic Bandage

o    Wound Dressing

o    Others

  •          Extracorporeal
  •          Healthcare & Hygiene Products
  •          Others

Competitive Analysis: Global Medical Textiles Market 

Global medical textiles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical textiles market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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