(EMAILWIRE.COM, October 15, 2021 ) Geriatric individuals are more prone to orthopedic, cardiovascular, spinal, and ophthalmic conditions due to age-related physiological changes. Since surgical interventions are considered to be an effective treatment option in the majority of these conditions, growth in the geriatric population has resulted in the higher demand for surgical procedures. This, in turn, is increasing the market for biomedical textiles. In addition, the increase in healthcare expenditure by governments is also contributing to the growth of the biomedical textiles market. The biomedical textiles market is projected to reach USD 14.50 billion by 2022, at a CAGR of 5.7% between 2017 and 2022.

Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231997196

The global biomedical textiles market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The market growth in this region can be attributed to the increased healthcare awareness among the people, including the aging population.

Based on fiber type, the non-biodegradable fiber segment of the biomedical textiles market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased demand for bandages and surgical sutures. The biodegradable fiber segment also has a good CAGR owing to the need for implantable and surgical sutures.

Request Sample of Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=231997196

Based on fabric type, the non-woven fabric segment of the biomedical textiles market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased use of biomedical textiles in different types of bandages.

Based on application, the non-implantable segment of the biomedical textiles market is projected to grow at the highest CAGR between 2017 and 2022. The non-implantable materials are used for the prevention of infection and healing of wounds. The other applications segment has the second largest CAGR owing to the growth of implantable and extracorporeal applications.

The development of smart biomedical textiles coupled with the growing demand from emerging markets are the major growth opportunities for the market. The market players can achieve targets by developing their product depth in emerging economies, such as China, India, Brazil, and Mexico.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.