Biotextiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Biotextiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Report Description

Biotextiles Market: Overview

Biotextiles are structures composed of textile fibers that are designed for application in specific biological environments. The performance of these biotextiles depends on the biostability and biocompatibility with the biological fluids and cells. Some examples of biotextile include implantable devices such as hernia repair fabrics, surgical sutures, artificial skin, arterial grafts and some parts of artificial heart.

Biotextiles is an innovative textile introduced in the market which is fitted with genetically engineered vitamins or microorganisms, certain enzymes etc. These biotextiles finds widespread applications in medical industry for its therapeutic, medicinal and protective characteristics. With growing medical industry across the globe the demand for biotextiles is expected to witness strong growth in the near future.

Biotextiles Market: Trends and Opportunities

Biotextiles are also used in defense sector where it finds new applications as protective clothing and bandages. These materials are usually environment friendly and can provide a source of nutrition, heat and moisture with the aid of various microorganisms to the human body.

Biotextiles are used in artificial hearts. With increasing innovations and developments in the healthcare industry, organ transplantations have been used to cater the demands for patients suffering from acute organ failures. Further, there has been a growing demand for artificial organs across the globe on account of increasing number of patients and lack of organ donors. Further, with technological advancements, artificial organs have been seen as a viable option for organ transplantation. Recently new and advanced artificial organs have been introduced in the market with greater biocompatibility shelf life and safety. Biotextiles have used to a great extent in the production of artificial organs and thus with the growth in this market the demand for biotextiles is also anticipated to increase on similar lines. Growing usage of artificial organs such as artificial heart, artificial kidneys etc. have assisted in prolonging patient’s life and improving their lives. Moreover, increasing expenditure on healthcare activities and better patient outcomes is anticipated to boost the demand for biotextiles used in the artificial organs applications. Also, growing disposable income of people in Asia Pacific is also expected to increase the demand for biotextiles in the near future.

Biotextiles Market: Regional Outlook

In terms of demand North America was the largest market for biotextiles followed by Europe, Asia Pacific and Rest of the World. In North America, U.S was the largest market followed by Canada and Mexico. In North America, especially in countries such as U.S. and Canada, the expenditure on healthcare activities is substantial and hence the demand for biotextiles is very high in this region. With growing acceptance of artificial organs and increasing effectiveness of biotextile products, the demand for biotextiles is anticipated to see robust growth in this region.

In Europe, Germany constituted for the largest market followed by France, Italy and U.K. Further, China and India were the major markets for biotextiles. The demand for biotextiles is expected to further increase in this region on account of growing disposable income and increasing healthcare expenditure in this region. The demand for biotextiles is also projected to be high in developing economies of Asia Pacific such as Indonesia etc. The demand for biotextiles is also expected to be high in Latin American countries, especially Brazil, Argentina etc.

Some of the major companies operating in the global biotextiles market include Savy Industries, Rudolf Group, Medtronic Inc., and Crux Biomedical Inc. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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