India Medical Textile Market Size & Outlook, 2019-2028
India medical textile market, 2017-2028 (US$M)
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India medical textile market highlights
- The India medical textile market generated a revenue of USD 994.2 million in 2019 and is expected to reach USD 1,795.2 million by 2028.
- The India market is expected to grow at a CAGR of 6.8% 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 994.2 million |
| Market revenue in 2028 | USD 1,795.2 million |
| Growth rate | 6.8% (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, India accounted for 5.6% 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 |
|---|
India 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 41.19% in 2019. Horizon Databook has segmented the India 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 India is expected to be driven by government subsidies for the manufacturers of face masks and personal protective equipment. For instance, the state government of Tamil Nadu (India) announced up to 30% subsidy on investment capital for crucial medical equipment manufacturers.
Various government initiatives, such as integrated textile parks and technology upgradation fund schemes for the production of medical textiles and other technical textiles using new technologies and equipment, are expected to benefit the market growth.
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Target buyers of India 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 India medical textile market , including forecasts for subscribers. This country databook contains high-level insights into India medical textile market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India medical textile market size, by application, 2017-2028 (US$M)
India Medical Textile Market Outlook Share, 2019 & 2028 (US$M)
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