Medical Textiles Market set to project a higher CAGR during the forecast period
The global Medical Textiles Market is set to project a higher CAGR during the forecast period. Medical textile market is a booming industry with current trends such as consumers are becoming aware on availability of products in the market that demand more quality and service. On a commercial basis, hospitals and clinical institutions are gaining certifications and accreditations in the emerging economies. The key drivers for the medical textiles industry emphasize on product specification and instant product approval to enlarge market size and presence on a global scale. The biocompatibility of a medical textile pertains to the reactive capacity with blood and human tissue. Presence of high health risks and rise in prevalence of chronic diseases such as high cholesterol and cardiovascular diseases is anticipated to drive the market growth for the forecast period. By raw material the medical textiles market is segmented as knitted, woven and non-woven. Application segment for medic...