Market opportunity of medical textiles
Medical textile is a sub-segment of technical textiles, and it is one of its fastest growing sectors. The pertinent need for sanitation propels the demand for medical textiles, and it is expected to cross well over US$8800 million by 2019.
Manufacturing of medical textiles implies production of surgical gowns, surgical caps, surgical masks, blankets, surgical hosiery, etc. Hospitals and medical facilities predominantly consume these products. Investments in medical textiles are increasing across the globe, and the market is expected to grow at a high rate, especially in the APAC region.
Globally, the market is witnessing substantial innovations in personal as well as medical hygiene products, and it presents a lucrative opportunity for vendors. The rise of an aging population, increased birth-rate, and better awareness about hygiene among women in developing countries is driving the global healthcare textile market. Increasing access to better healthcare facilities, and medical tourism is further expected to boost the growth rate of this market through 2019.
Market segmentation by product type
Implantable goods
Non-implantable goods
Healthcare & hygiene products
In terms of revenue, the implantable goods segment account for a majority of the market share, followed by non-implantable goods and healthcare & hygiene products.
Commonly used implantable medical textiles include polytetrafluoroethylene (PTFE), and polyester fibers meant for treating cardiovascular ailments. Extracorporeal devices like artificial kidneys made of hollow polyester fiber or hair sized cellulose fiber are also adding value to the market by fulfilling the surging demand for transplants.
Classification of implantable, non-implantable, and healthcare & hygiene products
Market Segmentation by Application
Surgical dressings
Surgical suture
Healthcare textiles
Diapers
Medical implants
Medical implants
Devices
Although surgical dressings accounted for a larger market share in 2014, healthcare textiles emerged as the fastest growing segment. Post-surgery, surgical dressings are utilized to cover wounds to avoid microbial infection. It involves the use fabric bandages, staples, sutures, and hemostasis products. However, surgical wounds will witness a decline over the years due to the emergence of minimally invasive surgery techniques. Surgical dressings are followed by the surgical suture, and healthcare textiles segment. Others segments account the remaining market share.
Forecasts and shares as of 2014
Geographical segmentation of the medical textiles market
The key regions for the medical textiles market include the following: -
Europe
North America
APAC
ROW
The medical textiles market in Europe will witness a moderate growth rate during the forecast period. UN's world population prospectus report predicts that the proportion of Europeans aged 65 years is expected to grow by 24% by 2030.
Innovation and advancements in medical technology are instrumental in increasing the life span of patients. The growing prevalence of artificial kidney implants, pacing device for cardiovascular surgeries, and other novel treatments propel the demand for medical textiles in its key regions.
Vendor landscape of the medical textiles market
The global medical textiles market is highly competitive and dominated by large vendors. These players have a vast geographical presence with huge production facilities located across the globe. The market is also witnessing the emergence of many regional vendors that offer low-cost solutions and offer considerable competition to large vendors. Vendors in this market compete on the basis of factors such as price, innovation, and performance.
Top 5 companies in the medical textiles market
Other sections of the report include an analysis of the following
Demand for biodegradable diapers in the market
Demand for different types of sutures in the market
Market outlook of medical tourism in the APAC region
Key drivers, challenges, and trends and their impact on the air compressor market
Five forces analysis of the air compressor market
SWOT analysis of the leading companies in the air compressor market
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Market Landscape
06.1 Market Overview
07. Global Medical Textile Material Market
07.1 Market size and forecast by revenue
07.1.1 Market Size and Forecast
07.2 Five Forces Analysis
08. Market Segmentation by Product Type
08.1 Global Health Care and Hygiene Products Market
08.1.1 Market Size and Forecast
08.2 Global Non-Implantable Goods Market
08.2.1 Market Size and Forecast
08.3 Global Implantable Goods Market
08.3.1 Market Size and Forecast
09. Market Segmentation by Application
09.1 Global Medical Textile Market by Application 2014-2019
09.2 Global Surgical Dressing Market
09.2.1 Market Size and Forecast
09.3 Global Health Care Textile Market
09.3.1 Market Size and Forecast
09.4 Global Surgical Suture Market
09.4.1 Market Size and Forecast
09.5 Global Diapers Market
09.5.1 Market Size and Forecast
09.6 Global Medical Implants and Devices Market
09.6.1 Market Size and Forecast
09.7 Global Others Application Market
09.7.1 Market Size and Forecast
10. Geographical Segmentation
10.1 Global Medical Textile Market 2014-2019
10.2 Medical Textile Market in Europe
10.2.1 Market Size and Forecast
10.3 Medical Textile Market in North America
10.3.1 Market Size and Forecast
10.4 Medical Textile Market in APAC
10.4.1 Market Size and Forecast
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
17.1 Competitive Scenario
17.1.1 Key News
17.2 Major Vendors in 2014
17.3 Product Portfolio Matrix
17.4 Other Prominent Vendors
18. Key Vendor Analysis
18.1 Johnson & Johnson
18.1.1 Key facts
18.1.2 Business overview
18.1.3 Business segmentation by revenue 2014
18.1.4 Business segmentation by revenue 2013 and 2014
18.1.5 Geographical segmentation by revenue 2014
18.1.6 Business strategy
18.1.7 Recent developments
18.1.8 SWOT analysis
18.2 Honeywell International
18.2.1 Key Facts
18.2.2 Business Overview
18.2.3 Business Segmentation by Revenue 2014
18.2.4 Business Segmentation by Revenue 2013 and 2014
18.2.5 Geographical Segmentation by Revenue 2014
18.2.6 Business Strategy
18.2.7 Recent Developments
18.2.8 SWOT Analysis
18.3 Beiersdorf
18.3.1 Key Facts
18.3.2 Business Overview
18.3.3 Business Segmentation by Revenue 2014
18.3.4 Business Segmentation by Revenue 2013 and 2014
18.3.5 Geographical Segmentation by Revenue 2014
18.3.6 Business Strategy
18.3.7 Recent Developments
18.3.8 SWOT Analysis
18.4 Covidien
18.4.1 Key Facts
18.4.2 Business Overview
18.4.3 SWOT Analysis
18.5 3M Health Care
18.5.1 Key Facts
18.5.2 Business Overview
18.5.3 Product Segmentation
18.5.4 SWOT Analysis
19. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Segmentation of Global Medical Textiles Market
Exhibit 3: Segmentation of Global Medical Textiles Market by Type
Exhibit 4: Segmentation of Global Medical Textiles Market by Application
Exhibit 5: Segmentation of Global Medical Textiles Market by Geography
Exhibit 6: Global Medical textiles Market 2014-2019 ($ millions)
Exhibit 7: Global Medical Textile Market by Product Type 2014-2019
Exhibit 8: Global Healthcare and Hygiene products Market 2014-2019 ($ millions)
Exhibit 9: Global Non-Implantable Goods Market 2014-2019 ($ millions)
Exhibit 10: Global Implantable Goods Market 2014-2019 ($ millions)
Exhibit 11: Global Medical Textiles Market by Application 2014-2019
Exhibit 12: Global Surgical Dressing Market 2014-2019 ($ millions)
Exhibit 13: Global Health Care Textile Market 2014-2019 ($ millions)
Exhibit 14: Global Surgical Suture Market 2014-2019 ($ millions)
Exhibit 15: Global Diapers Market 2014-2019 ($ millions)
Exhibit 16: Global Medical Implants and Devices Market 2014-2019 ($ millions)
Exhibit 17: Global Others Market 2014-2019 ($ millions)
Exhibit 18: Global Medical Textiles Market 2014-2019 ($ millions)
Exhibit 19: Medical Textile Market in Europe 2014-2019 ($ millions)
Exhibit 20: Medical Textile Market in North America 2014-2019 ($ millions)
Exhibit 21: Medical Textile Market in APAC 2014-2019 ($ millions)
Exhibit 22: Major Vendors in Global Medical Textiles Market in 2014
Exhibit 23: Johnson & Johnson: Business segmentation by revenue 2014
Exhibit 24: Johnson & Johnson: Business segmentation by revenue 2013 and 2014 ($ billion)
Exhibit 25: Johnson & Johnson: Geographical segmentation by revenue 2014
Exhibit 26: Honeywell International: Business Segmentation by Revenue 2014
Exhibit 27: Honeywell International: Business Segmentation by Revenue 2013 and 2014 ($ billion)
Exhibit 28: Honeywell International: Geographical Segmentation by Revenue 2014
Exhibit 29: Beiersdorf: Business Segmentation by Revenue 2014
Exhibit 30: Beiersdorf: Business Segmentation by Revenue 2013 and 2014 ($ billion)
Exhibit 31: Beiersdorf: Geographical Segmentation by Revenue 2014
Exhibit 32: 3M Health Care: Product Segmentation 2013
