Braiding Machine Market Size

Braiding Machine Market size was valued at USD 551.28 million in 2024 and is set to cross USD 722.28 million by the end of 2037, registering more than 2.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of braiding machine is estimated at USD 560.54 million. Braided medical sutures and implanted devices are in higher demand due to the healthcare industry's emphasis on cutting-edge medical devices and surgical procedures, which is propelling the market expansion. Research indicates that the growing requirement for catheters and other braided tubes used in surgeries will cause global healthcare spending to expand at a pace of 5.4% during the projected period.

In addition to these, the increasing demand for durable, high strength products across various industries is driving the demand for braided materials. Braiding machines enable the efficient production of these products leading the braiding machine market growth.