Global Biomedical Textiles Market: Key Highlights
Global Biomedical Textiles Market: Key Market Dynamics
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Global Biomedical Textiles Market: Regional Overview
North America accounted for the largest market share in 2018 due to the higher healthcare spending and technological innovation. Rising prevalence of cardiovascular diseases is a key driver of the global biomedical textiles market. According to the American Heart Association, the cardiovascular disease accounted for 840,678 deaths in the US in 2016, approximately 1 of every 3 deaths.
Asia-Pacific emerged as the fastest growing region for this market on the backdrop of high prevalence of diseases, rising geriatric population, and availability of low cost labor and raw materials. According to World Economic Forum, the total healthcare spending of the ASEAN nations was an estimated USD 420 billion in 2017 and is expected to increase by 70% over the next two decades.
Global Biomedical Textiles Market: Key Players Overview
Secant Group, LLC is engaged in engineering of biomaterials to facilitate the repair, recovery, and regeneration of the human body. In January 2018, Nanowear and the Secant Group announced that they have entered in worldwide supply-chain partnership agreement for scaled manufacturing and production of its medical-grade cloth-based nanosensor technology. Under the agreement, Nanowear and The Secant Group will have the collective obligation for marketing the technology and associated products.
Confluent Medical Technologies manufactures and distributes medical devices. The company offers balloon catheters, guidewires, biomedical textiles, access kits, and delivery systems.
In February 2018, the company completed the acquisition of Corpus Medical, which specializes in the design and development of technically complex catheter technologies, with particular expertise in the fields of electrophysiology, structural heart, neurovascular, cardiovascular, peripheral vascular and ENT.
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