Market Size of Medical Textiles Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 29.30 Billion |
| Market Size (2029) | USD 36.80 Billion |
| CAGR (2024 - 2029) | 4.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Medical Textiles Market Analysis
The Medical Textiles Market size is estimated at USD 29.30 billion in 2024, and is expected to reach USD 36.80 billion by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).
The medical textiles market is witnessing a transformative shift, leveraging to enhance and revolutionize medical treatment. This market combines innovative advanced technologies to offer personalized, accessible, and effective solutions for individuals seeking support for different treatments.
These textiles are engineered to meet stringent biocompatibility, sterility, durability, and patient comfort requirements. The introduction of medical textiles was due to the increased use of textiles in the field of medical technology.
Innovations in textile engineering have led to the development of advanced medical textiles with improved functionalities, such as effective treatment, advanced antimicrobial properties, and enhanced durability. Moreover, the field of medical textiles has witnessed remarkable advancements driven by cutting-edge research from leading universities and institutes around the globe.
In April 2023, a researcher from Cornell University College of Human Ecology, United States, developed KnitDema, a knitted robotic textile for hand edema patients. Similarly, in March 2023, Researchers at ETH Zurich developed a new textile sensor that measures body movements without the need for electronic components such as batteries or chips. Thus, such innovation in the medical textile field boosts and drives market growth during the forecast period.
However, meeting stringent regulatory standards and certifications for medical textiles can be challenging and time-consuming as a barrier to entry for new manufacturers. In August 2024, the Indian government announced that from October 1st, 2024, the Bureau of Indian Standards (BIS) certification will be mandatory for a range of medical textile products.
