Discover Antimicrobial Medical Textiles Market Upcoming Trends, Growth Drivers And Challenges – Forecast To 2024|Grand View Research, Inc.



The global antimicrobial medical textiles market size is expected to reach USD 799.7 million by 2024, expanding at a CAGR of 7.4%, according to a new report by Grand View Research, Inc. Rising prevalence of chronic diseases, an upsurge in the nosocomial infections worldwide, and growing awareness towards better healthcare practices are projected to fuel the demand for the product over the forecast period.
Application of polymeric materials for medical textiles is growing at a very fast pace. Polymers have found its applications across varied biomedical fields such as implantation of medical devices and artificial organs, tissue engineering, prostheses, dentistry, bone repair, ophthalmology and many other fields. Rising awareness about advantages of antimicrobial textiles coupled with rising focus towards hygiene in hospitals is expected to augment development. However, stringent regulatory policies regarding use of these materials in Europe and North America is likely to restrain growth.
Key players in the global market include Trevira GmbH, Microban International, the Dow Chemical Company, Biocote Ltd., Herculite, Annovotek LLC, Purthread Technologies, Sciessent Technologies, Quick-med Technologies Inc., Sinamen Zeomic Co. Ltd., Surgicotfab textile Pvt Ltd., Sono-Tek Corporation, Meditex Technology Ltd., Vestagen Technical Textiles Inc., Baltex, Foss Manufacturing LLC, Noble Biomaterials and Biothreads LLC.
The major industry participants in this market are engaged in expanding its global market reach. The companies have been investing increasingly on expansion into developing economies and taking the advantages of the reduced trade barriers. The usage of silver technology in antimicrobial medical textiles is prominent. The manufacturers are entering into distribution agreements with healthcare chains to boost the sales of their products.
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Further key findings from the report suggest
·         Metallic salts based medical textiles dominated the overall market in 2015 accounting for a share of about 55%, in terms of revenue. Metallic salts enhance the anti-microbial activity by killing microbes that bind to intracellular proteins and inactivates them. The various metals used for improving the antimicrobial properties are copper, silver, zinc and cobalt. Development of advanced materials such as nano-silver is expected to propel the demand over the forecast period.
·         Antimicrobial medical textiles demand from healthcare and hygiene products accounted for the largest market share of about 40% in 2015. These products are being increasingly used in operation theaters or hospital wards for safety, hygiene, and care of staff and patients. These are also being used as bed sheets and curtains in the hospitals, in order to prevent infection. Non-implantable goods segment is likely to witness significant growth on account of rising demand for antimicrobial wound dressing and bandages. They are majorly used as absorbent, protective and covering for diseased or injured part.
·         Europe dominated the overall market with a share of over 40% in 2015. Growing population, changing consumer attitudes towards health & hygiene, and availability of new medical technologies is expected to have a positive impact on the demand over the forecast period.
·         Key participants include Trevira GmbH, Microban International, Biocote Ltd., Annovotek LLC, Herculite, PurThread Technologies, and Surgicotfab Textile Pvt. Ltd. The global antimicrobial medical textiles market is being dominated by a limited number of big multinational companies that possess the caliber of bringing innovations to the global market. The key strategies being adopted by the companies include high R&D investment and alliances with domestic players in order to capture the regional markets.  
High demand from the wound care market, which comprises of products such as non-implantable goods and healthcare & hygiene products can stimulate the market growth. The increasing number of hospitals and government initiatives aimed at creating awareness about first-aid kits are expected to augment the demand for these products over the forecast period.
The healthcare industry in the U.S. is anticipated to rapid growth over the forecast period, which is expected to have a positive impact on the product demand in the country. In addition, increasing aging population and hospital infections coupled with rising medical tourism are anticipated to boost the demand for antimicrobial medical textiles over the forecast period.

The rising awareness regarding hospital related diseases and better healthcare practices is expected to boost demand for antimicrobial textiles as they possess the inherent ability to restrict the growth of disease-causing micro-organisms. Furthermore, rising standards of living, coupled with increasing disposable income and health consciousness, are expected to boost demand for antimicrobial medical textiles globally.
Significant lifestyle changes in the developing countries of the Asia Pacific and Latin America is likely to propel the utilization of antimicrobial textiles over the forecast period. These changes have resulted in boosting the awareness regarding general health and hygiene, which is anticipated to boost the demand for the products in these regions.
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https://www.grandviewresearch.com/press-release/global-antimicrobial-medical-textiles-market
Grand View Research has segmented the global antimicrobial medical textiles market on the basis of finishing agent, product:
Antimicrobial Medical Textiles Finishing Agent Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
·         Quaternary ammonium
·         Triclosan
·         Metallic Salts
·         Others
Antimicrobial Medical Textiles Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
·         Implantable Goods
·         Non-Implantable Goods
·         Healthcare & Hygiene Products
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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