Antimicrobial Medical Textiles Market Size Report By Finishing Agent (Quaternary Ammonium, Metallic Salts), By Application (Healthcare & Hygiene Products), By Region, And Segment Forecasts, 2016 - 2024Report

Antimicrobial Medical Textiles Market Size Report By Finishing Agent (Quaternary Ammonium, Metallic Salts), By Application (Healthcare & Hygiene Products), By Region, And Segment Forecasts, 2016 - 2024

  • Published Date: Sep, 2016
  • Base Year for Estimate: 2015
  • Report ID: GVR-1-68038-064-4
  • Format: Electronic (PDF)
  • Historical Data: 2013-2015
  • Number of Pages: 130

Industry Insights

The global antimicrobial medical textiles market size was estimated at USD 422.3 million in 2015 and is expected to register a CAGR of 7.4% over the forecast period. Increasing geriatric population, technological advancements, and regulations promoting the use of antimicrobial textiles are expected to drive market growth.

High demand from the wound care market, which comprises of products such as non-implantable goods and healthcare & hygiene products can stimulate the market growth. The increasing number of hospitals and government initiatives aimed at creating awareness about first-aid kits are expected to augment the demand for these products over the forecast period.

U.S. antimicrobial medical textiles market

The healthcare industry in the U.S. is anticipated to rapid growth over the forecast period, which is expected to have a positive impact on the product demand in the country. In addition, increasing aging population and hospital infections coupled with rising medical tourism are anticipated to boost the demand for antimicrobial medical textiles over the forecast period.

The rising awareness regarding hospital related diseases and better healthcare practices is expected to boost demand for antimicrobial textiles as they possess the inherent ability to restrict the growth of disease-causing micro-organisms. Furthermore, rising standards of living, coupled with increasing disposable income and health consciousness, are expected to boost demand for antimicrobial medical textiles globally.

Significant lifestyle changes in the developing countries of the Asia Pacific and Latin America is likely to propel the utilization of antimicrobial textiles over the forecast period. These changes have resulted in boosting the awareness regarding general health and hygiene, which is anticipated to boost the demand for the products in these regions.

The increasing penetration of antimicrobial textiles in the global textile market is attributed to the rising number of durable and safe antimicrobial finishes. The availability of customization according to the requirements in various industries coupled with growing application in the medical and apparel industries is expected to complement market growth.

Finishing Agent Insights

The various finishing agents used for manufacturing antimicrobial textiles include quaternary ammonium salts, triclosan, metallic salts and other naturally derived finishing agents. The finishing agents were majorly available in the solid and liquid form in the past. However, recently, due to functional difficulties in the application of solid finishing agents, antimicrobial textile manufacturers use finishing agents in emulsion or liquid form.

The antimicrobial properties of the quaternary ammonium compound aid in increasing its application scope by performing numerous actions such as damage to bacterial cells, denaturation of protein, and inhibition of cell multiplication; thereby augmenting the product demand over the forecast period. However, a fast decline in the concentration of antimicrobial agent on washing due to easy dislocation of ionic interactions is likely to hinder demand for quaternary ammonium-based products.

Metallic salts based products dominated the market in 2015, accounting for over 55% of the global revenue, on account of superior properties leading to increasing use in the product manufacturing. Silver metallic salts are preferred by manufacturers due to the ease of application and their ability to provide an excellent antimicrobial finish.

Triclosan has been identified as a harmful chemical on account of which the demand is expected to decrease over the forecast period. The application of triclosan has been banned in Europe. The growing awareness regarding environment-friendly finishing agents is expected to have a positive impact on the demand for naturally derived finishing agents over the forecast period.

Application Insights

The implantable goods used as antimicrobial medical textiles include sutures, vascular grafts, artificial ligaments, soft-tissue implants, orthopedic implants, and artificial joints. The demand for antimicrobial medical textiles in implantable goods segment is expected to witness growth at a CAGR of over 7.5%, from 2016 to 2024 in terms of revenue on account of the increasing demand artificial organs.

Healthcare & hygiene products are estimated to reach USD 334.5 million by 2024 on account of the rising awareness about hygiene in the emerging economies of the Asia Pacific and Latin America regions. Furthermore, the product demand is expected to witness significant growth on account of the growing wound care market in the developing countries over the forecast period.

Global antimicrobial medical textiles market

Non-implantable goods including wound dressings, bandages, plasters, pressure garments, orthopedic belts, prosthetic socks, absorbents, protective eye pads, and adhesive tapes are intended for external use on the body. They are majorly used as absorbent, protective and covering for diseased or injured part. An increasing number of fatalities and injuries has resulted in augmenting the product demand in non-implantable goods.

The other products manufactured from antimicrobial medical textiles include extracorporeal devices such as artificial kidney, artificial liver & heart, and lungs. These devices are mounted devices that perform support functions of vital organs such as heart, liver, and kidneys. Rapid technological advancements in the healthcare sector are likely to have a positive impact on the product demand in various applications.

Regional Insights

Improved medical infrastructure expected to result in high demand for antimicrobial medical textiles market in North America and Europe. North America and Europe together accounted for over 73.6% of the global market for antimicrobial medical textiles in 2015. The demand in these regions is majorly driven by countries such as Germany, U.S, and U.K.

The increasing usage of implantable goods in North America on account of the shortcomings in existing drug therapies, treatment, and management of orthopedic, cardiovascular, ophthalmic, neurological, and various other chronic disorders is expected to propel medical textiles market. In addition, ongoing advancements in biotechnology will lead to the commercialization of new and improved products, thereby augmenting market growth in the region.

Asia-Pacific is expected to witness growth at a substantial pace with a CAGR of over 8.9% from 2016 to 2024, in terms of revenue, on account of increased governmental intervention in improving the healthcare facilities across the region. The growing wound care market in the regions is expected to stimulate demand for these products over the forecast period.

The antimicrobial medical textiles market in Taiwan is estimated to witness significant growth owing to the increasing presence of major antimicrobial chemical manufacturers such as DuPont and TOYOBO, which are engaged in setting up manufacturing facilities in Taiwan. The presence of major yarn and fiber manufacturers in Taiwan is expected to boost the market growth.

Antimicrobial Medical Textiles Market Share Insights

Key players in the global antimicrobial medical textiles market include Trevira GmbH, Microban International, the Dow Chemical Company, Biocote Ltd., Herculite, Annovotek LLC, Purthread Technologies, Sciessent Technologies, Quick-med Technologies Inc., Sinamen Zeomic Co. Ltd., Surgicotfab textile Pvt Ltd., Sono-Tek Corporation, Meditex Technology Ltd., Vestagen Technical Textiles Inc., Baltex, Foss Manufacturing LLC, Noble Biomaterials and Biothreads LLC.

The major industry participants in this market are engaged in expanding its global market reach. The companies have been investing increasingly on expansion into developing economies and taking the advantages of the reduced trade barriers. The usage of silver technology in antimicrobial medical textiles is prominent. The manufacturers are entering into distribution agreements with healthcare chains to boost the sales of their products.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2013 - 2014

Forecast period

2016 - 2024

Market representation

Volume in tons, revenue in USD million and CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Germany, UK, China, India, Japan, South Korea, Taiwan, Brazil

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

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