Category: General
Country: India
The healthcare industry has witnessed exponential advancements over the years. The healthcare sector is unpredictable. One cannot project how the demand for a specific product rises when a certain epidemic or pandemic emerges.
The advent of the novel corona virus pandemic has led to an increased demand for a variety of medical devices and products such as oximeters, oxygen concentrators, face masks, Personal Protective Equipment (PPE) kits, and others. The medical textile industry is experiencing a rise in the demand for PPE kits. These kits are made from medical textiles and hence, the medical textiles market will experience a positive growth trajectory.
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Medical textiles are fibrous fabrics made for safely treating wounds and medical conditions. Two main types of fibers are used in developing medical textiles: specialty fibers and commodity fibers. These textile types are different from normal textiles. The properties of medical textiles make them a perfect fit for various uses across the medical industry. Some of the major properties of medical textiles are:
Medical textiles are used across medical or healthcare applications to minimize the risks from exposure to hazardous substances and prevent the risk of cross-infections. The healthcare and hygiene category forms the crux of the growth of the medical textiles market. The products included in the healthcare and hygiene category are PPE kits, bedding, mattress covers, surgical gown, wipes, surgical masks, and others.
The pre-pandemic era saw the use of medical textiles in a plethora of applications for pressure garments, bandages, and others. While the post-pandemic era maintained a consistent demand for such applications, the exponential rise in the use of PPE kits and surgical masks led to the creation of a new demand trajectory within the medical textiles market. The unprecedented demand for PPE kits and surgical masks will shape the growth of the medical textiles market in the coming years.
Before COVID-19 wreaked havoc across the globe, the demand for medical textiles was already high but there was never a moment when the demand was such that it outsmarted and burdened the supply chain mechanisms. With the emergence of the pandemic, PPE kits and surgical masks became prominent weapons for the frontline workers such as doctors, nurses, ambulance drivers, and other healthcare staff. The demand for medical textiles increased exponentially due to the overwhelming demand for PPE kits and surgical masks. This factor will prove to be a game-changer for the medical textiles market.
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India Contributing Tremendously to the Medical Textiles Market
From facing a great shortage of PPE kits and masks to becoming the second-largest manufacturer of PPE kits, India has come a long way. More than 450000 units are produced daily by over 1000 manufacturers in India. With the ease in restrictions on regulations and quick approvals, India has managed to scale PPE production to a great extent. Now, it is not just self-reliant in PPE kit production but is also one of the largest producers of PPE kits in terms of volume. The rise in the production of PPE kits and surgical masks is directly proportional to the growth of the medical textiles market.
With an uptick in the demand for PPE kits, the production costs have gone considerably down, which eventually leads to an increase in sales. All these aspects will influence the growth of the medical textiles market to a substantial extent.
As the COVID-19 pandemic continues to rage across the globe, the demand for PPE kits and surgical masks will remain constant. Thus, these factors will continue to add extra stars of growth to the medical textiles market.
Courtesy:
https://techbullion.com/how-is-india-emerging-as-a-growth-hotspot-for-the-medical-textiles-market/
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