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Medical Textiles Market Growth, and Trends forecast Report

Medical Textiles Market Growth | Global Industry Top Players : Kimberly-Clark Corporation, Beiersdorf India Pvt. Ltd., Johnson & Johnson, Vestagen Tec
Lokesh Mattaparthy | 31.10.2018
© Lokesh Mattaparthy
Global Medical Textiles Market Overview:
Medical textiles is one of the fastest growing sectors in the technical textiles market. Textile materials for medical and medical products range from simple bandages or gauzes to scaffolds for tissue repair and a wide variety of prostheses for body implants. The use of medical textiles depends on their properties such as flexibility, absorption, softness, filtering, and others. Medical textiles can be classified as implantable materials, non-implantable materials, hygiene and health products and extracorporeal products. Medical textiles have applications in the medical and biological sectors. They are used for first aid, rehabilitation, hygiene or clinical purposes. Medical textiles are used to treat wounds, protect against wound infections, bandages and compression garments. In addition, it is used for extra corporeal and implantable materials such as art.
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Global Medical Textiles Market Size:
According to the research report published by the Research Cosmos, the Medical Textiles Market was valued USD 12190 Million in 2017 and is projected to reach at USD 16007 Million by 2022 at a CAGR of 6.08% during the forecast period
Global Medical Textiles Market Drivers and restraints:
The market for medical textiles is growing at a considerable pace due to the increasing number of surgical procedures and technological advances in the field of medicine. Factors such as profitability, product innovations, increased awareness of nosocomial infections, the growing need for better infection control, growing concerns about patient protection, the aging of the population and the growing regulations for professionals of the health and safety of the patient are supporting the medical textile market. Rising number of implants, surgeries, patients with chronic illness, increasing the number of accidents are other factors driving the market. In addition, the market for medical textiles is expected to be increasingly taken into account by the public in terms of hygiene and the development of the medical sector. Conversely, limited raw materials and strict government regulations on the product manufacturing process can be barriers to market growth.
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Global Medical Textiles Market Geographic Segmentation:
Europe dominates the medical textile market. North America follows this trend and must maintain it in the future. The Asia-Pacific region is expected to grow rapidly as a result of government programs, the growth of manufacturing units and the widespread promotion of medical textiles in this region.
Global Medical Textiles Market Key Vendors:
Major manufacturers in the medical textile market are Kimberly-Clark Corporation, Beiersdorf India Pvt. Ltd., Johnson & Johnson, Vestagen Technical Textiles Inc, Honeywell International, Imedex Biomateriaux, and Halyard Health. Other key players influencing the medical textile market are Cardiva Integral Solutions, Bally Ribbon Mills, Freudenberg & Co. KG, Bluestar Silicones International, and Biomedical Structures.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Us:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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