BioTextiles Global Market

Forecast to 2023

BioTextiles Global Market estimated to be worth $7,390.4 million by 2023

IQ4I Research & Consultancy published a new report on BioTextiles Global Market
Forecast To 2023 This report analyzes and studies the overall market, major Drivers &
Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific and Rest of the
World

IQ4Is Report Contains 84 market data tables and 57 figures spread through 284 pages
and an exhaustive TOC on BioTextiles Global Market, [(BioTextiles Manufacturing
Technique {Woven Textiles, Non-Woven Textiles, Braided Textiles and Knitted Textiles},
BioTextiles Nature of Material {Non-Bioabsorbable and Bioabsorbable}, BioTextiles
Application (Cardiovascular, Orthopedic, Gynaecology & Urology, General Surgery and
Other Applications.), Region (North America, Europe, Asia-Pacific and Rest of the World)]

Biotextiles are structures composed of fibres that are fabricated by woven, knitted, braided
or non-woven techniques. Biotextiles are designed for use in specific biological
environments where their performance depends on biocompatibility and biostability with cells
and biological fluids. Biotextiles are used in implantable devices such as hernia repair
fabrics, arterial grafts, artificial skin, artificial ligaments and tendons, parts of artificial hearts,
surgical sutures, etc. The biotextiles can be derived from natural fibres or synthetic fibres,
extruded from polymeric or metallic biomaterials and are very versatile products
manufactured from bioabsorbable or non-bioabsorbable materials that can be customized
into unique anatomical shapes and incorporate various drug coatings to hasten healing
process and reduce potential complications. There are ideal options for creating
bioabsorbable and drug eluting implant products in two dimensional or three dimensional
forms in large number of configurations. An ideal biotextiles should posses properties like
biocompatibility (non-toxic and non-carcinogenic), Biostability (chemically inert), Tribological
properties (wear and corrosion resistant), etc.

According to IQ4I analysis, the BioTextiles global market is expected to grow at mid single
digit CAGR to reach $7,390.4 million by 2023. The increasing aging population, increasing
demand for minimally invasive procedures, increasing research and development
investments, growing demand for plastic surgery, miniaturization of implant devices,
advance technologies and reimbursements offered by Center for Medicare and Medicaid
Services (CMS) are the factors driving the biotextiles global market. However, limitations of
biotextiles based products, stringent regulations imposed on biotextiles based products, and
complications due to implant rejection, cytotoxicity, and corrosion of biotextiles implant are
restraining the growth of biotextiles global market.

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BioTextiles Global Market

Forecast to 2023

Biotextiles market by region is classified in to North America, Europe, Asia-Pacific and Rest
of the World. Geographically, North American regions held the largest market share. North
America market is expected to show a strong growth due to the high advanced healthcare
facilities, increasing ageing population, rapid adoption and awareness about the
technological advancements, availability of Medicare and third party insurance facilities,
easy availability of skilled personnel are driving the market growth. Europe region held the
second largest market share. Asia-Pacific biotextiles market is expected to grow at a high
single digit CAGR. Rest of the World biotextiles market is the second fastest growing region
and expected to grow at a high single digit CAGR.

The biotextiles based on manufacturing techniques are classified as Woven Textiles, Non-
Woven Textiles, Braided Textiles and Knitted Textiles. The Braided Textiles are dominating
the market by occupying a largest share and woven textiles are expected to grow at a
highest CAGR. The biotextiles based on materials are classified into Non-bioabsorbable
textiles and Bioabsorbable textiles. The Non-bioabsorbable textiles dominated the market by
occupying largest share and Bioabsorbable textiles are expected to grow at a highest
CAGR.

The biotextiles based on applications are segmented as Cardiovascular, Orthopedic,

Gynaecology & Urology, General Surgery and Other Applications. Among these, General
Surgery applications are dominating the biotextiles market by occupying a largest share and
cardiovascular applications are expected to grow at a highest CAGR.

Rise in demand for cardiovascular and orthopedic products is encouraging implant device
manufacturing companies to invest more in research and development and launch new
products. Miniaturization of implant devices and increasing minimally invasive surgery,
technological advancements in fibres and fabrication methods and increasing use of
bioabsorbable textiles are contributing to the biotextiles market growth. However, stringent
and complex regulatory procedures and high cost of surgical procedures are restraining the
market growth.

Some of the major companies operating in the biotextiles market are ATEX Technologies,
Inc. (U.S.), C.R.Bard, Inc. (U.S.), Confluent Medical Technologies (U.S.), Culzean Textile
Solutions Ltd. (U.K.), Getinge Group (Maquet) (Sweden), J-Pac Medical (U.S.), Medtronic
PLC (Ireland), Poly-Med, Inc. (U.S.), RUA Medical (U.K.), Terumo Corporation (vascutek)
(Japan), U.S. Biodesign (U.S.), W.L. Gore & Associates Inc. (U.S.).

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BioTextiles Global Market

Forecast to 2023

Reasons for buying this report:

Identification and analysis of the BioTextiles market by identifying various segments
by Manufacturing technique, material type, application, and geography.
Revenue forecast of BioTextiles market and strategic analysis of each sub-segment
with respect to segmental growth trends.
Identification of major market trends, Porter's model, and factors driving and
restraining BioTextiles market growth.
Revenue forecast of the BioTextiles market with respect to North America (U.S.,
Canada), Europe (Germany, U.K., France, Others), Asia-Pacific (Japan, China, India,
Others) and Rest of the World (Brazil, Rest of LATM, Middle East & Others) regions.
Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market.
Identification of key technology developments and innovations driving the market.
Analysis of the market share, upcoming technologies and supply chain of the
Biotextiles market by major players.
Profiles of major players in BioTextiles market and analysis of their product offerings,
financial revenue, business strategies and SWOTs.

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BioTextiles Global Market

Forecast to 2023

FIGURE 1

BIOTEXTILES GLOBAL MARKET SEGMENTATION

BioTextiles Global Market

By By Nature of
By Application By Region
Manufacturing Material
Non-
Woven Textiles Cardiovascular NA
Bioabsorbable
Non-Woven U.S.,
Bioabsorbable Orthopedic
Textiles Others
Gynaecology &
Braided Textiles EU
Urology
Germany, U.K.,
Knitted Textiles General Surgery
France, Others
Other
APAC
Applications
Japan, China,
India, Others

RoW

Brazil, Rest of LA,

ME & Others

Source: World Health Organization (WHO), The Society for Biomaterials (SFB), Synthetic Fiber & Yarn
Association, American Association of Textile Chemists & Colorists, International Textile Machinery Association,
American Association for Thoracic Surgery (AATS), European Society for Vascular Surgery (ESVS), American
Academy/Association of Orthopedic Surgeons (AAOS), Industrial Experts and IQ4I Analysis.

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