In textile industry Biomedical textile is one of the largest part we know. It can be a great opportunity for all Exporters importers & also for all the manufacturers.
So, in this article we will talk about forecastion of biomedical textiles deman in future world.
Here we Don’t know what will happen in the future. But according to the previous history, we can predict about anything. It’s just not only a hypothesis but also a possibility.
Biomedical Textile Market
According to research and markets, in 2017 the biomedical textile market size was 10.99 billion & in 2027 it will be 14.5 billion. The market forecast to grow at CAGR OF 5.7%.
& if we check previous in 2019 biomedical textile production, here nonwoven textiles percentage was 27.4%, woven textiles 36.2% & knitted textiles 18.7%.
The market in 2027 will be like this Nonwoven textiles will be reduced at 27.1% Woven textile will be 35.7%
& knitted textile will be 19.1% that means it will be increased. (source: dataintelo)
In 2019 the end users of biomedical list here:
- Ophthalmology 3.1%
- Neurology 62.5%
- Cardiovascular 18.7%
- General surgery 11.4%
- Others 4.2%
In 2027 as prediction end users of biomedical list here:
- Ophthalmology 3.1%
- Neurology 62.1%
- Cardiovascular 19.3%
- General surgery 11.5%
- Others 4%
From these two graph we can see Neurology rate will decrease & cardiovascular, general surgery product will increase.
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