China Medical Textile Market Size & Outlook, 2019-2028
China medical textile market, 2017-2028 (US$M)
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China medical textile market highlights
- The China medical textile market generated a revenue of USD 1,639.1 million in 2019 and is expected to reach USD 3,303.1 million by 2028.
- The China market is expected to grow at a CAGR of 8.1% from 2020 to 2028.
- In terms of segment, implantable goods was the largest revenue generating application in 2019.
- Healthcare & Hygiene Products is the most lucrative application segment registering the fastest growth during the forecast period.
Medical textile market data book summary
| Market revenue in 2019 | USD 1,639.1 million |
| Market revenue in 2028 | USD 3,303.1 million |
| Growth rate | 8.1% (CAGR from 2019 to 2028) |
| Largest segment | Implantable goods |
| Fastest growing segment | Healthcare & Hygiene Products |
| Historical data | 2017 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable Goods, Non-implantable Goods, Healthcare & Hygiene Products |
| Key market players worldwide | Anterix Inc, Freudenberg, Trelleborg AB ADR, Indorama Ventures PCL ADR, Fitesa, Schouw & Co., Kimberly-Clark Corp, Partners Group Holding AG, Bally Ribbon Mills, Herculite Products Inc |
Other key industry trends
- In terms of revenue, China accounted for 9.3% of the global medical textile market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China medical textile market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,303.1 million by 2028.
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Medical Textile Market Scope
Medical Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China medical textile market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical textile market will help companies and investors design strategic landscapes.
Implantable goods was the largest segment with a revenue share of 35.15% in 2019. Horizon Databook has segmented the China medical textile market based on implantable goods, non-implantable goods, healthcare & hygiene products covering the revenue growth of each sub-segment from 2017 to 2028.
The medical textile market in China is driven by the rapidly increasing production of textile-based protective equipment in the wake of the COVID-19 pandemic. The country is the largest global producer of protective equipment, which is attributed to the presence of 311 thousand mask and protective suit manufacturing facilities as of 2020.
Growing use of extracorporeal life support systems in the country for the treatment of kidneys, heart, and lungs is expected to further propel the growth of the medical textile market in China.
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Target buyers of China medical textile market databook
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Our clientele includes a mix of medical textile market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China medical textile market , including forecasts for subscribers. This country databook contains high-level insights into China medical textile market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China medical textile market size, by application, 2017-2028 (US$M)
China Medical Textile Market Outlook Share, 2019 & 2028 (US$M)
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