Antimicrobial Medical Textiles Market Size And Forecast
The increasing medical tourism, technological advancements, regulations promoting the usage of antimicrobial textiles, rising chronic diseases, increasing employment in the medical sector are some of the factors expected to propel the growth of the Antimicrobial Medical Textiles Market.
Antimicrobial Medical Textiles Market size was valued at USD 9.72 Million in 2020 and is projected to reach USD 17.21 Million by 2028, growing at a CAGR of 6.3% from 2021 to 2028.
The increasing medical tourism, technological advancements, regulations promoting the usage of antimicrobial textiles, rising chronic diseases, increasing employment in the medical sector are some of the factors expected to propel the growth of the Antimicrobial Medical Textiles Market in the forecast period. The Global Antimicrobial Medical Textiles Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Antimicrobial Medical Textiles market accounted for $561.87 million in 2019 and is expected to reach $1,152.86 million by 2027 growing at a CAGR of 9.4% during the forecast period.
Some of the key factors propelling the growth of the market are increasing the number of hospitals, rising standards of living, and growing health consciousness. However, fluctuation in raw material prices is the restraining factor for the growth of the market.
Antimicrobial medical textiles are fiber-based substrates to which antimicrobial agents have been applied at the surface, or incorporated into the fibers, rendering a product that kills or inhibits the growth of microorganisms.
By finishing agent, the quaternary ammonium segment is expected to grow at a significant market share during the forecast period because of its ability to perform numerous actions such as damage to bacterial cells and inhibition of cell multiplication. Based on geography, North America is anticipated to hold considerable market share during the forecast period which is attributed to the increasing usage of implantable goods and ongoing advancements in biotechnology.
Some of the key players in Antimicrobial Medical Textiles Market include 3M, Smith-nephew, Medtronic(Covidien), Dupont, J&J, Cardinal Health, ALLMED, Braun, Medline, Ahlstrom, Winner Medical, Hakuzo, Techtex, Medpride, KOB, TWE, Dynarex, Vilene, JianErKang, and Zhende.