According to Technavio, the medical textiles market and is poised to grow by USD 2.99 billion during 2020–2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The demand for nonwoven medical textiles will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand for non-woven medical textiles has been instrumental in driving the growth of the market. For more information on the report titled Global Medical Textiles Market 2020–2024, visit www.technavio.com.