Transforming Healthcare with Advanced Medical Devices

Medical devices encompass a wide range of instruments, machines, appliances, or implants used for medical purposes​​. Nonwovens, fibres and advanced materials play a significant role in medical device applications, including in-vitro diagnostics, orthopaedic devices, diabetes care, wound management, and blood filtration​​. NIRI has developed numerous advanced medical products for leading global organisations, focusing on improving the lives of patients.

The Medical Device Market is Growing

The global medical device market was valued at 518 billion USD in 2023 and is expected to grow to 886 billion USD by 2032, at a CAGR of 6.3%​​. Several key factors contribute to market growth, which are outlined below.

Key Drivers of Market Growth

Growing Prevalence of Chronic Disease

The patient population suffering from chronic illness such as cancer, diabetes, and heart conditions is on the rise, with innovative medical devices required to help manage these conditions [2]. One example is the growing market for blood glucose monitoring to allow diabetes sufferers to monitor and react to changes.

Aging Population

The prevalence of chronic conditions is increasing with the aging population, which requires medical devices to diagnose, treat and monitor various conditions [3].

Rising Number of Surgical Procedures [2]

The increase in surgical procedures carried out result in an increased need for medical systems such as implantable materials for tissue integration and support, filtration for blood transfusions, drug delivery systems, and devices to diagnose and monitor patients.

Global Pandemics

The COVID-19 pandemic substantially increased the demand for medical devices, such as rapid, at-home virus testing using diagnostic test strips.

Increased Demand for In-vitro Diagnostics

Increased healthcare spending on medical devices and the supported adoption of these devices in developing countries is resulting in increased investment by governments and private healthcare providers.

Technological Advancements to Medical Devices

Research and development to produce innovative and technologically advanced devices is increasing with numerous developments across the medical sector including products to diagnose, treat and provide patient care [2,3].

Increasing Healthcare Expenditure

Increased healthcare spending on medical devices, and the supported adoption of these devices in developing countries, is resulting in increased investment by governments and private healthcare providers.

Changing Regulations

Government regulations to provide safe and effective medical devices are regularly being updated which requires product design changes to ensure patient safety.

Dr. Matthew Tipper, NIRI CEO

Transforming the Medical Device Market with NIRI

NIRI is a global leader in developing advanced materials, fibres, fabrics, and products, with significant experience in the medical device sector. With advanced insights into the sector, NIRI has identified key areas for development and improvement:


Improving Product Performance

NIRI enhances medical devices by improving critical properties such as filtration efficiency in blood filters, better control over drug delivery systems, and improved liquid management in microfluidic devices for accurate diagnostics. We also provide innovative solutions for novel medical devices.


Multi-Functional Devices

NIRI develops products with additional functionalities, such as incorporating diagnostic devices into diapers, catheters, and wound dressings, which can rapidly detect abnormalities or infections.


Improvements to Wearable Technology

With the growing trend of integrating technology into medical devices, NIRI designs wearable smart medical devices to monitor and diagnose health conditions outside healthcare settings, allowing for early intervention when patient vital signs change​​.


Reducing Size of Medical Devices

Reducing the weight and size of medical devices enhances portability and efficiency, making diagnostic devices and point-of-care tests easier to use in healthcare and home settings.


Advancing Biomaterials

NIRI improves the compatibility of implantable materials and devices with patients, ensuring excellent performance properties such as durability, pore-size control in tissue scaffolds, and support for tissue development.


Enhanced Diagnostics

NIRI supports the development of in-vitro diagnostic devices to diagnose and monitor various conditions, focusing on ease of use, speed of analysis, and detection performance.


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