By 2022–2032, the global biomedical textiles market is projected to reach US$ 17 billion, expanding at a CAGR of 5%. The market is anticipated to be propelled throughout the projected period by a rise in operations and a need for premium wound dressing materials.
Growing health consciousness and the development of biomedical textile technology are anticipated to have a significant impact on the market in the near future. Owing to the presence of significant companies and well developed healthcare facilities, North America is anticipated to dominate the global market. It is anticipated that the prevalence of obesity will boost demand for biomedical textiles across a variety of applications, benefiting the sector.
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Key players of the Global Market
- Royal DSM
- Confluent Medical Technologies
- Cardinal Health
- Johnson & Johnson Services Inc.
- B. Braun Melsungen AG
- Smith & Nephew
- Meister & Cie AG
- Medline Industries Inc.
- 3M
- ATEX TECHNOLOGIES
- Integra Life Sciences Corporation
- Paul Hartmann AG
- BSN Medical
Recent Developments
- In January 2022, Confluent Medical Technologies, a renowned name in providing biomedical textile services, announced that TPG Capital would make a major investment in the company.
- In January 2022, the Johnson & Johnson Medical Devices Companies (JJMDC) announced that it would collaborate with Microsoft to enable and grow JJMDC’s compliant digital surgery ecosystem.
- In January 2022, Smith & Nephew announced its acquisition of Engage Surgical and its cement less partial knee system.
Drivers:
- Biomedical textiles are widely used in wound care applications such as dressings, bandages, and other medical devices. The growing incidence of chronic wounds and the increasing demand for advanced wound care products are expected to drive the growth of the biomedical textiles market.
- The development of advanced manufacturing technologies such as electrospinning and 3D printing has led to the production of novel biomedical textiles with improved properties such as increased porosity, biocompatibility, and mechanical strength. These technological advancements are expected to drive the growth of the market.
- Biomedical textiles are used in the production of various implantable medical devices such as vascular grafts, artificial ligaments, and tendons. The increasing demand for implantable devices due to the rising incidence of chronic diseases is expected to drive the growth of the market.
- Governments across the world are taking initiatives to promote the use of advanced medical devices and wound care products, leading to an increased demand for biomedical textiles. For instance, the Affordable Care Act in the United States has led to increased funding for wound care research, leading to the development of advanced wound care products.
Key Market Trends:
- In the biomedical textiles market, smart textiles are being used in wearable medical devices such as activity trackers, smart garments, and health monitors. The integration of smart textiles in medical textiles is expected to drive growth in the market.
- The demand for sustainable and eco-friendly materials in the biomedical textiles market is increasing. Many manufacturers are now using renewable and biodegradable materials such as bamboo, hemp, and recycled polyester to produce biomedical textiles.
- Antimicrobial textiles are fabrics that have been treated to prevent the growth of bacteria, viruses, and fungi. With the growing concern over hospital-acquired infections and the need for infection control, the demand for antimicrobial textiles in the medical industry is increasing.
- The wound care segment of the biomedical textiles market is seeing significant growth due to the increasing demand for advanced wound care products. The development of wound dressings with advanced properties such as antimicrobial properties, self-healing capabilities, and controlled drug release is expected to drive growth in the market.
- The implantable textiles segment of the biomedical textiles market is also seeing growth due to the increasing demand for advanced implantable medical devices. The use of implantable textiles in the production of medical devices such as artificial ligaments, tendons, and vascular grafts is expected to drive growth in the market.
In-Depth Assessment on Key Segments
- By Fabric
- Non-woven Biomedical Textiles
- Woven Biomedical Textiles
- Knitted Biomedical Textiles
- By Fiber
- Biodegradable Biomedical Textiles
- Non-biodegradable Biomedical Textiles
- By Application
- Biomedical Textiles for Implantable Applications
- Biomedical Textiles for Non-implantable Applications
- Biomedical Textiles for Surgical Sutures Applications
- By End Use
- Biomedical Textiles for Ophthalmology
- Biomedical Textiles for Neurology
- Biomedical Textiles for General Surgery
- Biomedical Textiles for Orthopedics
Regional Landscape:
- North America is expected to dominate the market due to presence of key players and highly developed healthcare centers.
- Besides this, China is expected to witness a market value of US $ 3 Bn by 2032. Increasing number of cardiovascular patients is expected to boost the adoption of biomedical textiles in the country.
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