The global antimicrobial medical textiles market size was USD 422.3 million in 2015 and is expected to witness significant growth over the forecast period primarily owing to its superior properties and rising awareness regarding better health care practices. Increasing geriatric population, technological advancements, and regulations promoting the use of antimicrobial textiles will further improve growth prospects over the next few years. The growing awareness regarding hospital related diseases is expected to boost demand for antimicrobial textiles as they possess the inherent ability to restrict the growth of disease-causing micro-organisms.
High demand from wound care market which comprises of products such as non-implantable goods and healthcare & hygiene products can stimulate the market growth of antimicrobial textiles. 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 volume, by application, 2013 - 2024 (Tons)
Significant lifestyle changes in the developing countries of Asia Pacific and Latin America is likely to propel utilization of antimicrobial textiles over the next eight years. These changes have created an awareness about general health and hygiene that can boost the demand for the products in these regions.
Antimicrobial medical textiles demand from implantable goods segment is expected to witness a CAGR of over 7% from 2016 to 2024. North America and Europe dominated the market on account of growing healthcare awareness in these regions. The growing awareness about artificial organs is also likely to impact the growth of these products over the forecast period.
Healthcare & hygiene products are likely to witness a CAGR of over 6% from 2016 to 2024. The growing awareness about hygiene in these countries is driving the demand for healthcare & hygiene products. The demand is expected to increase on account of the growing wound care market in the developing countries.
Metallic salts based antimicrobial medical textiles dominated the market in 2015 on account of superior properties leading to increasing use in the product manufacturing. Silver metallic salts are preferred by manufacturers due to ease of application and their ability to provide a good antimicrobial finish.
The various finishing agents used in the manufacture of 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 cost of operation involved in the application of finishing agent has decreased due to the introduction of liquid and emulsion forms.
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.
Improved medical infrastructure expected to result in high demand for antimicrobial medical textiles in North America and Europe
North America and Europe accounted for more than 50% of the demand for antimicrobial medical textiles in 2015. The demand in these regions is majorly driven by countries such as Germany, U.S, and U.K.
Asia-Pacific is expected to grow at a substantial pace with a CAGR of over 8% on account of increased governmental intervention in improving the healthcare facilities across the region. The growing wound care market in these regions is expected to stimulate demand for these products over the forecast period.
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 their 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.
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