Global Medical Textile Market Overview:
Medical textile, a combination of textile technology and medical sciences, one of the rapidly increasing sector in the textile market. It is highly used for wound care and protecting the various wound form such as infection, bandaging & pressure garments. The usage of medical textiles depends on their numerous properties including flexibility, softness, absorption, filtering and many more.
- Stringent Quality and Safety Regulations in the Medical Textile Industry
- Rising Healthcare Expenditure Across the World
- Development of Innovative Bandages and Antimicrobial Woven Fabrics
- Lack of Awareness and Ignorance About Importance of Satety and Hygine of Medical Textiles in Both Developing and Under Developed Economies
- Lack of Availability of Raw Materials
- Increasing Inclination Towards High Performing Medical Textile Products
- Increasing Need of Investment for Accreditation of Standards
- Lack of Accepted Standard for Performance Testing of Medical Textile Globally
Some of the key players profiled in the report are Kimberly-Clark Corporation (United States), Beiersdorf (Germany), Johnson & Johnson (United States), Vestagen Technical Textiles Inc. (United States), Honeywell International (United States), Halyard Health (United States), Cardiva Integral Solutions (Spain), Bally Ribbon Mills (United States), Freudenberg & Co. KG (Germany) and Atex Technologies (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Medical Textile market by 2024. Considering Market by Fabrics Type, the sub-segment i.e. Woven will boost the Medical Textile market.
ASTM International, textile standards provide the specifications and test methods for the physical, mechanical, and chemical properties of textiles, fabrics, and cloths, as well as the natural and artificial fibers that constitute them.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Medical Textile market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Medical Textile market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Medical Textile Raw Material Providers, Distributors/Suppliers, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.