Global Medical Textile Market Size & Outlook, 2019-2028
Global medical textile market, 2017-2028 (US$M)
Related Markets
Global medical textile market highlights
- The global medical textile market generated a revenue of USD 17,698.8 million in 2019 and is expected to reach USD 26,210.8 million by 2028.
- The market is expected to grow at a CAGR (2020 - 2028) of 4.5% by 2028.
- In terms of segment, implantable goods accounted for a revenue of USD 6,210.3 million in 2019.
- Healthcare & Hygiene Products is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2019.
- Country-wise, Spain is expected to register the highest CAGR from 2020 to 2028.
Global data book summary
| Market revenue in 2019 | USD 17,698.8 million |
| Market revenue in 2028 | USD 26,210.8 million |
| Growth rate | 4.5% (CAGR from 2019 to 2028) |
| Largest segment | Implantable goods |
| Fastest growing segment | Healthcare & Hygiene Products |
| Historical data covered | 2017 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable Goods, Non-implantable Goods, Healthcare & Hygiene Products |
Other key industry trends
- In terms of revenue, the North America accounted for 28.8% of the global medical textile market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, Spain is the fastest growing regional market and is projected to reach USD 422.3 million by 2028.
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Medical Textile Market Scope
Medical Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 35.09% in 2019. Horizon Databook has segmented the Global 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.
- Global Medical Textile Application Outlook (Revenue, USD Million, 2017-2028)
- Implantable Goods
- Non-implantable Goods
- Healthcare & Hygiene Products
- Others
- Global Medical Textile Fabric Outlook (Revenue, USD Million, 2017-2028)
- Woven
- Knitted
- Non-Woven
- Others
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Target buyers of Global 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical textile market , including forecasts for subscribers. This global databook contains high-level insights into Global medical textile market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Global medical textile market size, by regions, 2017-2028 (US$M)
Top 10 countries: Medical textile market size, 2019 (US$M)
Global medical textile market share, by application, 2019 & 2028 (%, US$M)
Medical textile market: Opportunity assessment by country
Global medical textile market, by region, 2019 (US$M)
| Application | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,609.1 | 4,838.9 | 5,088.8 | 7,028.9 | 7,755.8 | 5,840.9 | 5,525.1 | 5,714.4 | 5,929.6 | 6,164.1 | 6,433.3 | 6,741.6 | 3.2% |
| Europe | 5,005.8 | 5,224.9 | 5,457.8 | 7,501.4 | 8,634.7 | 6,993.1 | 6,475.1 | 6,713.3 | 6,978.8 | 7,265.4 | 7,573.6 | 7,906.9 | 4.2% |
| Asia Pacific | 4,719.5 | 4,968.5 | 5,232.8 | 7,552.7 | 8,929.5 | 7,417.3 | 6,962.1 | 7,271.5 | 7,625.4 | 8,024.4 | 8,462.9 | 8,951.3 | 6.2% |
| Latin America | 1,003.5 | 1,037.2 | 1,072.4 | 1,434.2 | 1,697.4 | 1,251.9 | 1,137.1 | 1,169.4 | 1,206.0 | 1,245.3 | 1,287.7 | 1,333.4 | 2.5% |
| MEA | 759.6 | 801.9 | 847.1 | 1,180.5 | 1,346.4 | 1,052.1 | 966.2 | 1,011.8 | 1,068.9 | 1,131.8 | 1,201.0 | 1,277.7 | 4.7% |
| Overall | 16,097.5 | 16,871.5 | 17,698.8 | 24,697.7 | 28,363.9 | 22,555.3 | 21,065.7 | 21,880.5 | 22,808.7 | 23,831.0 | 24,958.5 | 26,210.8 | 4.5% |
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