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Nanofibers for Medical and Cosmetics Market - Forecast(2023 - 2028)
Nanofibers for Medical and Cosmetics Market Overview
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.
Report Coverage
The
report: “Nanofibers for Medical and
Cosmetics Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth
analysis of the following segments of the Nanofibers for Medical and Cosmetics Industry.
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.
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.
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 $1.4 billion in the first quarter of
2019. Skincare was the leading category, accounting for about 39 % and
hair care about 21% of the global market. Although ecommerce penetration has
only increased slightly in recent years, the beauty and personal care online
share is predicted to surge to 48% in the United States by
2023. Hence, increasing consumer awareness and demand for natural cosmetic
products will be surge the demand of nanofiber for medical and cosmetics
market. Moreover, increasing R&D investments by manufacturers in
natural ingredient which is paraben-free ingredients and biotechnology have
been the key factors responsible for driving the market for cosmetics.
Figure: North America Nanofibers
for Medical and Cosmetics Market Revenue,
2021-2026 (US$ Billion)
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.
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.
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