Market Trends of Biomedical Textile Industry
This section covers the major market trends shaping the Biomedical Textile Market according to our research experts:
Growing Demand from the Implantable Segment
- Biomedical textiles have been increasingly used as a substitute to replace and aid damaged body parts by surgeons and physicians. Biomedical textile finds its application in artificial arteries, sutures, and vascular grafts, among others.
- Vascular grafts made of biomedical textiles are used as an artificial vein or artery that is implanted in the heart to replace the original vein or artery that is blocked or weakened. Veins or arteries ranging from 6 mm to 1 cm in diameter can be replaced by grafts.
- Biomedical textile is also used in various orthopedic operations, such as sutures, joint and ligament fixation, reconstruction devices, and spinal fixation tethers, among others.
- The rising number of surgical procedures, growing aging population, increasing prevalence of chronic diseases, technological advancements, and favorable healthcare policies in the developed regions are driving the demand for implantable surgeries, which in turn, is expected to drive the market for biomedical textiles through the years to come.
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North America Region to Dominate the Market
- North America is expected to dominate the global market, owing to the highly developed healthcare sector in the United States, coupled with the continuous investments done in the region to advance the medical technology sector through the years.
- Moreover, with the growing obesity issues in the country, most populations getting affected with various diseases, and the increasing need for various medical attention in the country, the demand for biomedical textiles in various applications is increasing.
- According to the US Food and Drug Administration (FDA), on an annual scale, more than 1 million hernia procedures are performed in the United States, owing to the growing issue of obesity among the general population in the country.
- According to the National Institutes of Health, somewhere between 10% and 15% of the US population suffers from gallstones in the bile duct. Furthermore, more than 5 million Americans are affected by valve-related heart diseases each year.
- Performing such surgeries requires advanced medical devices and components, including biomedical textile. Continuous growth in the prevalence of diseases among the American population is expected to drive the market for biomedical textiles through the years to come.
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