Biomedical Textiles Market Size, Share, Industry Trends and Forecast to 2030

Biomedical Textiles Market Size & CAGR in 2021

The global biomedical textiles market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.5% from 2021 to 2027. The market size in 2021 was valued at USD 10.3 billion and is expected to reach USD 14.2 billion by 2027. The increasing demand for implantable textiles in various medical applications is driving the growth of the market.

COVID-19 Impact on the Biomedical Textiles Market

The COVID-19 pandemic has had a mixed impact on the biomedical textiles market. While the initial disruptions in the supply chain and manufacturing processes affected the market growth, the increased focus on healthcare infrastructure and personal protective equipment (PPE) has led to a surge in demand for medical textiles. The market has witnessed a shift towards the production of face masks, surgical gowns, and other medical textiles to combat the spread of the virus.

Biomedical Textiles Dynamics

The biomedical textiles market is driven by the increasing prevalence of chronic diseases, technological advancements in textile manufacturing, and the growing demand for non-invasive medical procedures. The use of smart textiles in healthcare applications, such as monitoring and drug delivery systems, is further propelling the market growth. However, stringent regulations regarding the use of medical textiles and the high cost of advanced materials pose challenges to market expansion.

Segments and Related Analysis

The biomedical textiles market can be segmented based on the type of textile, application, and end-user. Woven textiles, non-woven textiles, and knitted textiles are the major types of biomedical textiles. Applications include implantable textiles, non-implantable textiles, surgical textiles, and extracorporeal textiles. The end-users of biomedical textiles include hospitals, clinics, ambulatory surgical centers, and research institutions.

By Region Analysis

The global biomedical textiles market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds the largest market share due to the presence of well-established healthcare infrastructure and technological advancements. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing healthcare expenditure and rising demand for medical textiles.

Key Market Players and Competitive Landscape

The key players in the biomedical textiles market include Bally Ribbon Mills, Secant Group, SWM International, Baltex, Meisterin, BSN Medical, Precision Fabrics Group, Biomedical Structures, Freudenberg Performance Materials, and Biomerics. These companies are focusing on product innovation, strategic collaborations, and mergers and acquisitions to gain a competitive edge in the market.

Recent Happenings in the Biomedical Textiles Market

- In June 2021, Bally Ribbon Mills introduced advanced textile solutions for medical applications, including implantable textiles and surgical textiles. - In September 2021, Secant Group launched a range of biodegradable medical textiles for wound care and implantable applications. - SWM International announced a strategic partnership with a leading healthcare provider to develop innovative medical textile products for surgical and patient care applications. - Baltex introduced antimicrobial textiles for use in healthcare settings to prevent the spread of infections and improve patient outcomes. - Meisterin expanded its product portfolio with the launch of specialty medical textiles for use in orthopedic and cardiovascular applications.