Medical Textiles Market Trends, Business Strategies and Opportunities with Key Players Analysis 2019

Healthcare textiles are known as medical textiles. It is one of the rapidly growing sectors in the technical textile market. Textile materials for healthcare and medical products ranges from simple bandage materials or gauze to scaffolds for tissue repairing and a large variety of prostheses for body implants. Usage of medical textiles depends on their properties like flexibility, absorption, softness, filtering among others. Medical textiles can be classified as implantable materials, non-implantable materials, healthcare and hygiene products and extracorporeal products. Medical textiles find applications in medical and biological sectors. They are used for first aid, rehabilitation, hygienic purposes, or clinical purpose. Medical textiles are used for wound care, protecting the wound form infection, bandaging & pressure garment. Furthermore it is used for extra corporal and implantable material like art.

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The burgeoning population is expected to be one of the primary drivers for the medical textile market. Furthermore, change in the standard of living and demographics are also expected to enhance the market growth. People are now practicing different methods of hygiene, using antiseptics for wound control among others Some of the restraining factors affecting the industry are high cost, lack of availability of raw materials, unawareness/ignorance of hygiene among people of developing nations.

Europe is one of the leading markets in the medical textile industry. U.K, France, Italy and Germany hold the larger segment of the market. North America follows Europe, while Asia Pacific is one of the emergent markets. Countries are now supporting and providing various schemes in order to promote the production and consumption of medical textile. One such scheme offered by the Govt. of India is the Technology Mission on Technical Textiles where the Govt. will be investing 200crs in this particular industry.

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Principal manufacturers in the medical textile industry are Kimberly-clark Corporation, Beiersdorf India Pvt. Ltd, Johnson & Johnson, Honeywell International, Imedex Biomateriaux, among others.

This research report analyzes this market depending on its market segments, major geographies, and current market trends.

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