Medical Smart Textile Market Growth Statistics, Segmentation, Current Trends, Sales Outlook, COVID-19 Impact and Dynamics By 2027

 

Medical Smart Textile Market Highlights

According to the latest reports, the medical smart textile market size is predicted to reach USD 2.10 Billion by the end of the year 2027, by registering a CAGR of 7.51%. The report utilizes available market data to offer a complete understanding of the medical smart textiles market's present scenario and the future state. The medical smart textiles market has been segmented and presented in a detailed manner so that the readers can obtain a precise view of the market. The report also deals with the restraints and drivers likely to impact the market during the forecast period.

Key Drivers

Improved scope for innovation in the healthcare sector along with the incorporation of smart devices into monitoring and tracking patient's progress paves the way for higher demand of smart medical textile globally. Moreover, the burgeoning market for wearable devices can be expected to affect the global medical smart textile market positively.

Segmental Analysis

The worldwide medical smart textile market has been segmented based on application, end-user, and technology.

As per the application, the global medical smart textile market report has been segmented into hygiene, surgery, therapy, drug release systems, wellness, and biomonitoring. Based on end use, the global medical smart textile market has been segmented into clinics, hospitals, and others. According to technology, the global medical smart textile market has been segmented into wearable and joining technology, textile sensors, and smart fabric technology.

Regional Analysis

Based on region, the global medical smart textile market has been segmented into Europe, North America, South America, Africa, Asia Pacific, and the Middle East.

Presently, North America and South America collectively lead the global medical smart textiles market and can be expected to hold the lead over the forecast period. It can be attributed to the high level of technological competency in healthcare. In Americas, most of the market players are involved in constant technological developments in medical equipment for effortless monitoring, treatment, and diagnosis. Additionally, the increasing government aid aimed towards the wellbeing of the patient influences the medical smart textiles market positively.

Europe holds the second position in the global medical smart textile market. Like the Americas, the healthcare sector in Europe is actively focusing on innovation and technological advancements. The healthcare sector in Europe encourages productive research activities and innovation in the medical devices market that promises consistent progress of the medical smart textile market. Besides, the engagement of the market leaders in tactical collaborations and partnerships with the chemical industry plays is partly ushering in the development of novel medical smart textiles in Europe.

Asia-Pacific is viewed as a promising market for the global medical smart textile sector. This is owing to the growing incidence of diseases, wide-ranging need for innovative medical equipment, increasing application of know-how in the initial stages of diagnosis of conditions, and the increasing amount of healthcare centers. Additionally, the rising prevalence of aged population in the region contributes to further market development. India, Japan, and China are the key players in APAC. Asia-Pacific is expected to represent the fastest growing market for medical smart textiles goods during the forecast period.

The Middle East & Africa (MEA) region represents a relatively slimmer share of the global medical smart textile market, owing to the poor economic conditions and the stringent government policies.

Medical Smart Textile Market Players

The global medical smart textile market players include names such as Intelligent Clothing Ltd. (UK), Google Inc. (US), Interactivewear (Germany), Gentherm (US), Schoeller Textiles AG (Switzerland), Textronics, Inc. (US), Vista Medical Ltd. (Canada), International Fashion Machines (US), and Sensoria Inc. (US). among others are some key companies in the global Medical Pendant that are listed by MRFR for market research.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Microbial Products Market Type, Product, Application and Growth Forecast to 2027 | MRFR

  Global Microbial Products Market - Overview Microbial products are produced by microbes such as a bacteria, yeast, or fungus. Medicinal microbiology include production of enzymes, antibiotics, nutrients such as amino acids, vitamins, and organic acids, chemotherapeutic agents, vaccines etc. Some of the applications of microbial products are manufacturing of solvents and reagents such as ethanol, lactic acid, butanol etc. Synthesis of amino acids such as are L-Methionine, L-Lysine, L-Tryptophan, L-Glutamic acid etc. are another use of industrial microbiology for production of microbial products. On the other hand, there are certain hurdles for the growth of this market. The highly fragmented nature of the industry, pressures on profits due to cut throat competition, secrecy surrounding the fermentation process, substandard low quality producers operating from unknown locations are some of the factors that may hinder the growth of the microbial products market in the near future. A...
Read more

mHealth Market Latest Study Focuses On Current, Future Innovations and Top Key Vendors | Forecast 2030

  Market Overview The wave of modernization in the healthcare sector has led to the penetration of the concept of mHealth greatly. Reports that gauge the healthcare IT industry has been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is forecasted to achieve a 36.5% CAGR in the upcoming forecast period. The robust growth pace in the wearable health device sector has increased the expansion of the  mHealth market  globally. Moreover, increased usage of smartphones is also playing a key role in the growth of the market. Also, patients are increasingly involved and aware of their treatments which is expected to further influence the mHealth market in the forecast period. Segmental Analysis The segmental evaluation of the mHealth market is carried out on the basis of therapeutics, applications, and region. On the basis of therapeutics, the mHealth market has been segmented int...
Read more

Cardiac Monitoring and Cardiac Rhythm Management Device Market Growth, Opportunity and Product Developments 2030 |MRFR

  Market Highlights The increasing demand for minimally invasive surgeries drives the growth of this market. Advanced technologies in cardiac monitoring and cardiac rhythm management devices have also led to growth in this market.  However, factors such as stringent regulatory approval procedures, the high cost of cardiac devices, and lack of reimbursement policies in developing countries are hindering the growth of the market. Rising prevalence of cardiovascular diseases and the increasing number of unmet medical needs in undeveloped countries are leading to the growth of the  cardiac monitoring and cardiac rhythm management device ma rket . Technical advancements in drug-eluting, MRI compatible pacemakers, and Holter monitors are some of the factors leading to the growth of this market. The growth of the global cardiac monitoring device market is driven by the high prevalence of cardiovascular disorders worldwide. Regional Analysis The market in the Americas is expected...
Read more