Rapid Growth in Medical Textiles Market: Projected 4.5% CAGR Through 2033
The Medical Textiles Market is projected to grow from USD 34.4 billion in 2023 to approximately USD 53.4 billion by 2033, achieving a Compound Annual Growth Rate (CAGR) of 4.5% from 2024 to 2033. This growth is driven by several factors, including the increasing aging population, rising prevalence of chronic diseases, and the growing need for surgical procedures. Additionally, advancements in healthcare technologies and increased awareness about infection control are significant contributors to the market expansion. Technological innovations, such as the development of antimicrobial and biodegradable medical textiles, are enhancing product offerings and applications. For instance, non-woven textiles, known for…
- Date: May 22, 2024
- Author: Robert Shaw
- Category: PharmiWeb