Nanofibers for Medical and Cosmetics Market Size Forecast to Reach $4.2 Billion by 2026
Research Reports
Sep 11, 2021
The Nanofibers for Medical and Cosmetics Market size is forecast to reach $4.2 billion by 2026, after growing at a CAGR of 15.7% during 2021-2026. The Nanofibers for Medical and Cosmetics Market is anticipated to rise due demand from end use segments like cosmetic, medical, optical devices, combined with ideal properties like interaction with environment, high liquid absorption capacities, high oxygen, and water vapor permeability. Nanofibers are used as therapeutics, facial masks, skin care, and renewal products, thus the demand of nanofibers can be increases from cosmetic industry in upcoming years. Polycaprolactone is widely used in cosmetic industry because it helps to reduce the risk of infection and incompatibility. Nanofibers are also used as artificial skin mats with their mechanical and thermal strength. Furthermore, nanofibers are used in tissue engineering, compact organs, prostheses, medical devices (like polylactic acid), artificial blood vessels, electrospinning technology which is used in mass production of products and drug delivery, which increasing demand from medical industry of nanofibers.
Impact of COVID-19
The COVID-19 is impacting overall economy across the world. This pandemic is affecting the supply chain and production of products day by day. COVID-19 creates a massive change in global market and increasing panic to manufacturing of products. All over online selling of cosmetics and medicines were held during this pandemic which is hindering the market of nanofiber for medical and cosmetics market.
Nanofibers for Medical and Cosmetics Market Segment Analysis – By Product
Polyurethane is expected to lead the nanofibers for medical and cosmetics industry by product segment in 2020, due to widely used in wound dressings because of its oxygen permeability and good barrier properties. For the rest, polylactic acid nanofiber has excellent mechanical property, tensile strength, durability, which makes very useful for drug delivery and cosmetic surgeries. Polyurethane nanofibres are widely used in tissue engineering of elastic tissues such as tendon, vascular grafts, esophagus prosthesis, and ligament. Furthermore, polycaprolactone also used in medical applications like drug delivery, an adhesion barrier, root canal. Polycaprolactone has been approved by Food and Drug Administration (FDA) to use in human body as surgical suture, is a medical device used to hold body tissue together after surgery. Hence, nanofibers have enormous applications in medical sciences including artificial organs, medical prostheses and wound dressing, which augmenting the demand of polyurethane, polylactic acid, polycaprolactone nanofibers in medical and cosmetics market.
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Nanofibers for Medical and Cosmetics Market Segment Analysis – By Technique
Melt blowing is expected to lead the nanofibers for medical and cosmetics market by technique segment in 2020, because melt blowing technique provides nonofibers as much viscosity as is required for microfiber formation. This process can be applied at high voltage, which helps to process small diameters nanofibers. Melt blowing technique permits the production of nanofibers with diameters in the size range 5–10 ?m. Melt blowing is a conventional fabrication method of micro- and nanofibers where a polymer melt is extruded through small nozzles surrounded by high speed blowing gas.
Nanofibers for Medical and Cosmetics Market Segment Analysis – By Application
Skin care products segment dominated the nanofibers for medical and cosmetics market in 2020 and are growing at a CAGR of 5.2% during the forecast period, due to widely used in sunscreen creams, anti-aging creams, hair products (anti-hairloss and anti-hairgraying) facial masks, and toothpastes. Nanofibers helps to reduce the wrinkling of the skin, improve brightening, provide anti-bacterial, anti-inflammatory, skin healing, and a cleansing effect while slowing down the collagen depletion and elastin breakdown. Nanofibers have been mainly targeted to release compounds for therapy and cleansing. Cosmetic facial masks also contain brightening agents, vitamins, minerals, protein and herbal ingredients. Apart from this, nanofibers have been used in a wide range of medical application like tissue engineering, prosthetics, dental implant, bone replacements, cartilages, heart valves vascular grafts and also electrospinning technology. Hence, these all applications of nanofibers will be propel the demand of nanofibers for medical and cosmetics industry.
Nanofibers for Medical and Cosmetics Market Segment Analysis – By Geography
North America dominated the nanofibers for medical and cosmetics market in 2020 with share of 42%, due to rise in consumer disposable income along with improved living standards. Thus, According Narcissistic Personality Disorder (NPD) in US market, skincare sales increased 5 % to $1.4 billion in the first quarter of 2019. Skincare was the leading category, accounting for about 39 % and hair care about 21% of the global market. Although ecommerce penetration has only increased slightly in recent years, the beauty and personal care online share is predicted to surge to 48% in the United States by 2023. Hence, increasing consumer awareness and demand for natural cosmetic products will be surge the demand of nanofiber for medical and cosmetics market. Moreover, increasing R&D investments by manufacturers in natural ingredient which is paraben-free ingredients and biotechnology have been the key factors responsible for driving the market for cosmetics.
Nanofibers for Medical and Cosmetics Market Drivers
Increasing Demand from Medical Industry
Inorganic nanofibers and carbon nanofibers are increasingly being used in biomedical applications including wound healing, tissue engineering & regeneration, biosensors and drug delivery. Polycaprolactone have been widely employed for various biomedical applications because of its biodegradability, biocompatibility and excellent mechanical properties. Polyurethane is a most widely used product for medical appliance like medical diagnosis and therapy due to its recyclability, which increasing demand of nanofibers in upcoming year. Polylactic acid used for drug delivery systems and controlled drug release, tissue-engineered scaffolds, dressings for wound healing, biosensors and medical implants.
Nanofibers for Medical and Cosmetics Market Challenges
Rising Concerns Towards Environment
Nanofibers have toxic effects on unicellular aquatic organisms and aquatic animals, such as fish and Daphnia, which will be cause of nano pollution. Nano pollution refers to waste that can end up in landfills and contaminate air and soils system. Nanoparticles in our environment may have more harmful effects for environment, human cells and DNA level. Nanofibers cause of nano pollution due to toxicity. With the growth of nanotechnology, there are certain negative impacts on environment in many ways, such as increased toxicological pollution on the environment due to the uncertain shape, size, and chemical compositions of some of the nanotechnology products or nanomaterials. Due to nanotechnology it is extremely difficult to detect the nanoparticles in air for environmental protection, which hampering the market growth of nanofibers for medical and cosmetics market.
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Nanofibers for Medical and Cosmetics Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Nanofibers for Medical and Cosmetics Market. Major players in the Nanofibers for Medical and Cosmetics Market top 10 companies are Toray Industries Inc., Hollingsworth and Vose, eSpin Technologies Inc., Elmarco, and Teijin Limited, Ahlstrom-Munksj, Argonide Corp., Berkshire Hathaway Inc., Catalytic Materials LLC, Clear Bridge NanoMedics, Revolution Fibres, Donaldson, Johns Manville Corp., and among others.
Acquisitions/Technology Launches
In February 2021, Rambam Health Care Campus in Haifa announced that it is formally adopting the Spincare wound care system, which uses electrospinning technology to heal wounds and burns without touching the patient.
In July, 2020, Matregenix Inc., a California-based Medtech company has developed a proprietary highly breathable nanofiber filter membrane media that has a filtration efficiency of over 99% in the battle against COVID 19. This membrane is 100% antimicrobial with the ability to deactivate various strains of viruses.
Key Takeaways
North America dominates the nanofibers for medical and cosmetics market owing to increasing concerns about environment and health with improvement of life style.
Increasing demand for nanofibers as scaffolds to create extracellular matrix for bone replacement, tissue engineering applications in the medical sector is further fueling the demand for nanofibers.
With its moisturizing effect and low viscosity oil in water emulsion, polycaprolactone, polylactic acid, polyurethane and other nanofibers are used in emulsion based wet wipes for baby care and make up removal, which create the demand of nanofibers in cosmetics.
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