The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s biomedical textiles market report forecasts the biomedical textiles market size to grow to $20.27 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Biomedical Textiles Market Report 2023 – https://www.thebusinessresearchcompany.com/report/biomedical-textiles-global-market-report

Biomedical Textiles Market Size Forecast
The global biomedical textiles market is expected to grow from $14.66 billion in 2022 to $15.83 billion in 2023 at a compound annual growth rate (CAGR) of 7.96%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biomedical textiles market size is expected to reach $20.27 billion in 2027 at a CAGR of 6.38%.

North America held the largest biomedical textiles market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Biomedical Textiles Market Driver ­– Rise In The Prevalence Of Chronic Diseases
For instance, according to The Silver Book created by a US-based non-profit organization, The Alliance for Aging Research, there will be an increase of 42% in chronic disease cases with 230.7 million people globally by 2030. Therefore, the rising prevalence of chronic diseases will drive the biomedical textiles market.

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Key Biomedical Textiles Market Trend – Product Innovations
Major players in the market are focusing on research and development to launch innovative products in the growth market. For instance, in March 2022, Fabiosys Innovations, an India-based healthcare products manufacturer launched Fabium, a medical textile developed using Hi-PAT technology, which makes it highly effective against viruses, bacteria, and fungi. To create this fabric, raw cotton fabric is processed using standard textile processing equipment while exposed to various proprietary chemical formulas.

Biomedical Textiles Market Segment
1) By Product Type: Non Implantable, Implantable
2) By Fabric: Non-Woven Biomedical Textiles, Woven Biomedical Textiles, Knitted Biomedical Textiles
3) By Fiber Type: Non Biodegradable, Biodegradable
4) By Applications: Ophthalmology, Neurology, Cardiology, Dentistry, Orthopedics, General Surgery And Treatment, Other Applications
5) By End Users: Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Other End Users

Biomedical Textiles Market Major Players and Strategies
Major players in the biomedical textiles market are Royal DSM, Confluent Medical Technologies, Cardinal Health, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Smith & Nephew PLC., Meister & Cie AG, Medline Industries Inc., 3M, ATEX Technologies, Integra Life Sciences Corporation, Paul Hartmann AG, BSN Medical, Elkem ASA, and Bally Ribbon Mills.

In April 2022, Integer, a US-based medical device outsourcing manufacturer, acquired Aran Biomedical for $131 million. Through this acquisition, Integer will serve its customers better if it combined these technological developments and knowledge with its industry-leading production scale and delivery methods. Aran Biomedical is an Ireland-based manufacturer of biomaterial-focused medical implant products, including biomedical textiles.

The Biomedical Textiles Global Market Report 2023 covers regional data on biomedical textiles market size, biomedical textiles market trends and drivers, opportunities, strategies, and biomedical textiles market competitor analysis. The countries covered in the biomedical textiles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Biomedical textiles are fibrous textile constructions made from synthetic or natural materials. These advanced materials resist various fungi, fire, bacteria, dirt, and water. Biomedical textiles are used as a medical device inside or outside the biological environment to improve the patient’s health.

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