The global biomedical textiles
market is spanned across five regions namely Asia Pacific, North America,
Europe, Latin America, and the Middle East and Africa.
Asia Pacific was the largest
market for biomedical textiles in 2017 and is expected to exhibit exponential
growth over the forecast period. Growing healthcare industry due to expanding
population, rising cases of chronic diseases on account of lifestyle changes,
growing foreign investments on account of FDI campaign & relaxed investment
norms are likely to boost demand of biomedical textiles during the forecast
period. Furthermore, various government initiatives particularly in India such
as Air Dispensary, The Intensified Mission Indradhanush (IMI), National
Nutrition Mission (NNM), LaQshya, and continuation of National Health
Mission are also expected to be contributing to the growth of the regional
biomedical textiles market over the forecast period.
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North America and Europe market
is relatively mature due to established healthcare facilities and availability
of sophisticated products and is expected to provide limited opportunities to
the biomedical textiles market over the forecast period.
The Middle East & Africa is
likely to witness rising growth during the forecast period. GCC countries
are expected to witness robust growth during the forecast period owing to
various government initiatives such as investments to upgrade hospitals and
clinics, build new facilities, and enforce mandatory health insurance schemes
in light of local economic, demographic and epidemiological transitions. High
rates of illness and mortality caused by chronic diseases due to lifestyle
changes are the factor responsible for these government initiatives.
After the recent economic
downturn, Latin America is expected to grow at a moderate CAGR over the
forecast period. However, the region is witnessing growing imports of medical
equipment, which can be directly linked to the rise in the demand for
healthcare facilities on account of rising government initiatives to increase
access to healthcare, virtual doctors scheme, and rapidly aging population
among others.
Competitive Analysis
Some of the key players in the
global biomedical textiles market are Secant Group, LLC (U.S.), Confluent
Medical Technologies (U.S.), SWICOFIL AG (Switzerland), Johnson & Johnson
Services, Inc. (U.S.), Meister & Cie AG (Switzerland), Cardinal Health.
(U.S.), Smith & Nephew (UK), Medline Industries, Inc (India), Integra
LifeSciences Corporation. (U.S.), PAUL HARTMANN AG (Germany), BSN medical.
(Germany), B. Braun Melsungen AG (Germany), 3M (U.S.), Elkem Silicones
(Norway), and ATEX TECHNOLOGIES (U.S.).
Market Segmentation
The global biomedical
textiles market is segmented into fiber type, fabric type, product
type, application, and region.
On the basis of the fiber type,
the global biomedical textiles market is segmented into the non-biodegradable
fiber and biodegradable fiber. The non-biodegradable fiber is
sub-segmented into polypropylene, polyethylene, polyester, polyamide,
polyurethane, polytetrafluoroethylene, and others. Biodegradable fiber is
sub-segmented into cotton, viscose rayon, collagen, chitin, and others.
On the basis of the fabric type,
the global biomedical textiles market is segmented into woven, non-woven,
knitted & braided fabrics, hollow fabric, and others.
On the basis of the product type,
the global biomedical textiles market is segmented into healthcare &
hygiene products, non-implantable products, implantable products, and
extracorporeal devices. The healthcare & hygiene products are sub-segmented
into surgical clothing, surgical drapes, beddings, sanitary napkins, baby
diapers, adult incontinence products, and others. The non-implantable products
are sub-segmented into bandages, wound care dressings, plasters, gauze, and
others. Implantable products are sub-segmented into soft tissue implants
(hernia repair, ligament implant), hard tissue implants (orthopedic implant,
dental implant), cardiovascular implants (vascular graft, heart valve),
surgical sutures and others. Extracorporeal devices are sub-segmented into
artificial kidney, liver, and lungs.
Based on the applications, the
global biomedical textiles market is segmented into ophthalmology, neurology,
cardiology, dentistry, orthopedics, general surgery & treatment, and
others.
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