The global medical smart textile market is expected to reach value of USD 2,177.6 Million in 2027, according to a latest analysis by Emergen Research. Rise in incidence of chronic diseases, advancements in diagnosis methods, and growing adoption of wearable medical devices is driving growth of the medical smart textiles market currently. Medical smart textiles have sensors integrated into them, and these fabrics are to produce gowns that can be worn by patients or persons with illness or disease. The sensors capture any physiological changes in the body and alerts are shared with healthcare professionals and staff.
Medical smart textiles can be deployed inside active wear, t-shirts, and pants as a layer to monitor blood pressure, heart rate, and can also sense temperature changes in patients with dementia. It eliminates the need for patients without any real critical need to visit the doctor’s office for physical check-ups. Some of the major applications of medical smart textiles are patient gowns and vests, caps and gloves, and also everyday apparel.
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The report provides detailed insights into Medical Smart Textiles market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Medical Smart Textiles market size over the forecast period, 2020–2028. The report includes profiles of major Medical Smart Textiles players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Medical Smart Textiles market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.
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Global Medical Smart Textiles market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Medical Smart Textiles market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Medical Smart Textiles market.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Medical Smart Textiles market share contribution of these countries. In addition, Medical Smart Textiles market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Medical Smart Textiles Market include are:
AiQ Smart Clothing Inc.,
Schoeller Textiles AG,
Carre Technologies Inc.,
Vista Medical Ltd.,
Sensoria Inc.,
Siren,
Camira Fabrics,
Gentherm,
Pireta, and
3TEKS.
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Technology Outlook (Revenue, USD Million; 2020–2027)
- Textile Sensors
- Wearable Technology
- Others
- Application Outlook (Revenue, USD Million; 2020–2027)
- Surgery
- Bio-monitoring
- Therapy and Wellness
- Others
- End-user Outlook (Revenue, USD Million; 2020–2027)
- Hospitals and Clinics
- Medical Academic and Research Center
- Others
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In terms of Medical Smart Textiles market share and revenue contribution to the global Medical Smart Textiles market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Medical Smart Textiles market share.
The market intelligence report on the Medical Smart Textiles Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Region wise performance of the Medical Smart Textiles industry
North America Medical Smart Textiles market revenue growth was relatively higher than that of other regional markets in 2020. North America Medical Smart Textiles market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Asia Pacific Medical Smart Textiles market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Medical Smart Textiles market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Medical Smart Textiles market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
Europe Medical Smart Textiles market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Medical Smart Textiles industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Medical Smart Textiles market across different regions?
- Who are the major driving forces expected to decide the fate of the Medical Smart Textiles industry worldwide?
- Who are the prominent market players making a mark in the Medical Smart Textiles market with their winning strategies?
- Which Medical Smart Textiles industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Medical Smart Textiles market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Medical Smart Textiles Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Medical Smart Textiles Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Medical Smart Textiles Market Segmentation & Impact Analysis
4.1. Medical Smart Textiles Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Medical Smart Textiles Market indicators analysis
4.2.2. Medical Smart Textiles Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Medical Smart Textiles Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Medical Smart Textiles products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Medical Smart Textiles Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.2. Europe
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2. Distributors
10.5.2.1. North America
10.5.2.2. Europe
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
10.5.3. Others
Continued….
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