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.
The latest research report is dubbed as the first document encompassing the latest information about the Medical Smart Textiles market that has been gravely affected by the COVID-19 pandemic. The global health crisis poses significant threats to the future growth of the Medical Smart Textiles industry. The report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic. The report thus expounds on the rapidly changing market scenario in this COVID-19 era, which aims to help businesses involved in this sector overcome the pandemic’s gripping effects and formulate new growth strategies to boost the COVID-19 preparedness.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities,
Some Key Highlights
- Hospital and clinic segment accounted for higher revenue in 2019, as use of medical smart textiles during surgery and for remote monitoring of patients in hospitals is relatively high.
- North America accounted for a larger revenue share in the global medical smart textiles market in 2019. High revenue growth of the market in the region can be attributed to extensive use of advanced medical technologies and rapid adoption of Internet of Things (IoT) in the healthcare sector in countries in the region.
Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key Players operating in the Healthcare Business Intelligence industry are:
AiQ Smart Clothing Inc., Schoeller Textiles AG, Carre Technologies Inc., Vista Medical Ltd., Sensoria Inc., Siren, Camira Fabrics, Gentherm, Pireta, and 3TEKS.
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For the purpose of this report, Emergen Research has segmented the global medical smart textiles market based on technology, application, end-use, and region:
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
A closer look at the aspects including but not limited to market segmentation by the end-user, end-use, geography, type, and application forms an integral part of the research report. In addition, in-depth analysis of critical factors such as spending capability, gross margin, business environment and profit for the forecast period 2021 – 2028 holds critical information and is based on curated facts and logical arguments. Importantly, validation of statistics recent acquisitions and mergers, collaborations and product launches serve as testimonials for stakeholders, field marketing personnel, product manufacturers and business evangelists on how a product will be positioned in the real world in years to come.
Major Regions Covered in the Medical Smart Textiles Market Report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Reasons to Buy This Report:
- The report presents a thorough examination of the Medical Smart Textiles market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
- The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
- The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
- The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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