Medical Textiles Market to Record 4.75% Y-O-Y Growth Rate in 2021 |
NEW YORK, Jan. 19, 2022 /PRNewswire/ —
Medical Textiles Market Facts at a Glance-
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Total Pages: 120
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Companies: 10+ – Including Ahlstrom-Munksjo Oyj, Asahi Kasei Corp., Cardinal Health Inc., Freudenberg Performance Materials Holding SE and Co., KG, Getinge AB, Kimberly-Clark Corp., KOB GmbH, Schouw and Co., TWE GmbH and Co. KG, Tytex AS among others.
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Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
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Segments: Product (woven medical textiles, non-woven medical textiles, and knitted textiles), application (surgical, healthcare, and hygiene products, and extracorporeal).
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Geographies: APAC (China and India), Europe (Germany and UK), North America (US), South America, and MEA
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According to the recent market study by Technavio, the medical textiles industry is expected to increase by USD 3.36 billion from 2020 to 2025, at an accelerated CAGR of 5.01%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
APAC will register the highest growth rate of 43% among the other regions. China and India are the key markets for medical textiles in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
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Vendor Insights-
The medical textiles market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
Kimberly-Clark Corp. – The company offers medical textiles products such as Protective Clothing, Gloves, and General Respirators.
KOB GmbH – The company offers medical textiles products such as CEB Ideal Cohesive 104, Roselastic Flex 520, and Polycompress 547.
Getinge AB – The company offers medical textiles products such as Intergard Knitted, Hemagard Knitted, and Intergard Knitted Ultrathin.
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Regional Market Outlook
The medical textiles market share growth in APAC will be significant during the forecast period. China and India are the key markets for medical textiles in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The expansion of various discrete medical manufacturing equipment industries would aid the growth of the medical textiles market in APAC, over the forecast period. The rapid penetration of medical textiles in countries such as India, Malaysia, China, South Korea, and Japan, as well as indigenous production of medical textiles in China and
Read More: Medical Textiles Market to Record 4.75% Y-O-Y Growth Rate in 2021 |