Kings Research published a new report on Medical Textile Market Global Industry Size, Share, Growth, Industry Trends & Forecast 2031, covering various industry elements and growth trends helpful for predicting the industry future. Medical Textile Market Size was recorded at USD 21.39 billion in 2023, predicted to be USD 22.67 billion in 2024, and projected to reach USD 35.89 billion by 2031, growing at a CAGR of 6.78% between 2024 and 2031.
Regionally, North America and Europe have been the leading markets due to advanced healthcare infrastructure and high healthcare expenditure. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. Factors such as a growing population, increasing healthcare awareness, and rising medical tourism contribute to this growth. Countries like China and India are investing heavily in healthcare infrastructure, further propelling market expansion.
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List of Key Companies in Medical Textile Market
- Atex Technologies, Inc.
- Life-Threads
- Careismatic Brands
- Bally Ribbon Mills
- Freudenberg & Co. KG
- Trelleborg AB
- Indorama Corporation
- Herculite
- PurThread Technologies, Inc.
- Fitesa
Technological advancements play a crucial role in the development of the medical textile market. Innovations such as smart textiles, which can monitor vital signs, and antimicrobial fabrics, which prevent infections, are revolutionizing the industry. The integration of nanotechnology into medical textiles enhances properties like breathability, moisture management, and antimicrobial resistance, making these products more effective and comfortable for users.
Medical textile market is segmented as:
By Type
- Woven
- Non-woven
- Knitted
- Others
By Application
- Healthcare & Hygiene Products
- Implantable Goods
- Non-implantable Goods
- Others
