Biomedical Textiles Market: Overview
Medical textiles is a wide class under technical textiles, which includes wound dressings, bandages, and hospital linen (external and theater linen). Biomedical textiles include those implantable on a patient such as arterial grafts, artificial skin and other organs, sutures and ligatures, and artificial repair fabrics. Hence, biomedical textiles can be defined as materials comprising of fibers that are specially designed for use in specific biological conditions, wherein biocompatibility and bio-stability with cells and biological environment are the factors determining the performance of biomedical textiles.
Every day the society is changing in the form of increasing population size and desire to have a longer life span. Factors such as unavoidable situations and hazards occurring in the civilization that lands an individual in a hospital and subsequent care required are the reasons for demand for biomedical textiles.
Biomedical Textiles Market: Trends
Tissue engineering is an upcoming technology, wherein researchers are trying to develop textiles that allow the body to form new tissue around them. This would enable the body to not solely depend on synthetic material implanted in the body. Medical textiles is a speedily expanding segment of the technical textiles market and is expected to witness high growth in the near future.
For the last five decades, biomedical textiles and fiber-based implants are being used routinely to help in healing. There exist a number of biomaterials that can be used as medical textiles such as cotton, silk, fiber yarns, collagen, synthetic fibers (PTFE, carbon, polyethylene, polyester, polypropylene, polyamide, and polyurethane), viscose, and alginate. Some of these are bio-degradable, for instance, collagen, viscose, and cotton. The others are non-biodegradable, for example, PTFE fiber, carbon fiber, and polyester fiber.
The controllable degradability, biocompatibility, ease of processing, and significant mechanical strength are the factors considered for any biomaterial to be used for soft tissue repair, extracorporeal implants, health care and hygiene products, and other related purposes.
Biomedical Textiles Market: Segmentation
Based on usages of the biomedical textile, the market can be segmented into implantable and non-implantable (extracorporeal) materials.
Based on raw materials, the market can be divided into fibers, yarns, woven, knitted, nonwoven, and others.
Based on products, the market can be segmented into suture & ligature, vascular implants, soft tissue implants, hard tissue implants, hernia repair, lenses, dental biomaterials, plasters, dressings & bandages, pressure garments, and others.
Based on applications, the biomedical textiles market can be divided into ophthalmology, neurology, cardiovascular, general surgery, dental, orthopedics, all-purpose, and others.
Biomedical Textiles Market: Region-wise Outlook
The biomedical textiles market in North America and Europe is mature, due to established health care facilities and availability of sophisticated products in these regions. The market, being mature, provides limited opportunities in terms of untapped potential in the biomedical textiles market. Asia Pacific is expected to be a highly attractive market. Increase in the number of health care facilities in Asia Pacific is expected to boost the biomedical textiles market in the region, as the region accounts for more than 50% of the global population and emerging economies. The biomedical textiles market in Middle East & Africa is likely to expand at a speedy rate.
Biomedical Textiles Market: Key Players
Key players operating in the biomedical textiles market include Secant Medical, Tactile Medical, SWICOFIL, Confluent Medical Technologies, ATEX TECHNOLOGIES, US BioDesign, Bally Ribbon Mills, Meister & Cie AG, and DSM.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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