The biomedical textiles market size was valued at USD 13.0 billion in 2021. It is expected to reach a value of USD 19.5 billion by 2028, growing at a CAGR of 6.1% from 2022 to 2028. The global market provides a detailed overview of the Biomedical Textiles Market, which can be segmented by fiber type, fabric type, and application. The market has been segmented by fiber type into Biodegradable and Non-biodegradable. The Biodegradable segment is likely to be the largest and fastest-growing segment in various fiber types. The biomedical textiles market has been segmented by fabric type into Non-Woven, Woven, and Others. The Non-Woven segment is expected to gain the maximum revenue share over 2022-2028. Based on application, the biomedical textiles are segmented into Non-Implantable, Surgical Sutures, and Others. According to precision business insights, the Non-Implantable segment is predicted to register the fastest growth rate during the forecast period.
In January 2022, Confluent Medical Technologies, a renowned name in providing biomedical textile services, announced that TPG Capital would majorly invest in the company.