Rapid Growth in Medical Sector Drives Technical Textile Market Advancement
Technical Textile Market |
Technical textiles are synthetic fabrics that have been designed to perform specialized industrial functions rather than merely being used as garments. They are widely employed in critical applications across diverse sectors like construction, automobiles, filtration and more importantly, medical. Medical-grade technical textiles exhibit properties like strength, elasticity, durability and are ideal as sutures, hygiene products and surgical dressings. They can withstand stringent sterilization methods and offer protection against infections. With rising healthcare expenditure and growing global geriatric population prone to injuries and chronic diseases, the demand for advanced medical devices and consumables that incorporate technical textiles is surging exponentially.
The global technical textile market is
estimated to be valued at US$ 5270.95 Mn in 2024 and is expected to exhibit a
CAGR of 4.5% over the forecast period 2024 to 2031, as highlighted in a new
report published by Coherent Market Insights.
Market key trends:
The use of medical-grade technical textiles has witnessed a monumental rise
over the past few years on account of continuous innovations in healthcare
infrastructure and patient care technologies. Advanced materials exhibit
superior breathability, moisture management and strength as compared to
conventional fabrics. They also help minimise medical costs by enabling faster
recovery and reduced rates of readmission. 3D knitting and weaving capabilities
have further expanded applications in prosthetics, implants and apparel for
immobile patients. Growing focus on patient comfort and outcomes is a key
factor driving R&D focusing on high-performance medical textiles.
Segment
Analysis
Technical textiles market is
segmented into healthcare textiles, Protective textiles, transportation
textiles and others. Healthcare textiles dominates the market and accounts for
the largest market share owing to increasing usage in healthcare applications
such as surgical implants, wound care, hygiene, and others. Healthcare textiles
are used for both patient and employee hygiene and safety purposes. They are
also used in surgical implants such as meshes, grafts, sutures, and other
implants. Growing healthcare industry and increasing healthcare expenditure is
expected to drive the demand for healthcare textiles during the forecast
period.
Key Takeaways
The global technical textile market is expected to witness high growth. Global
Technical Textile Market Demand is estimated to be valued at US$
5270.95 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
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