The latest research report by emergen research, named ‘Global Medical Smart Textiles Market - Forecast to 2027’, entails a comprehensive review of the global Medical Smart Textiles market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Medical Smart Textiles industry, particularly the current COVID-19 scenario.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Medical Smart Textiles industry. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry..
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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
Application Outlook (Revenue, USD Million; 2020–2027)
- Therapy and Wellness
End-user Outlook (Revenue, USD Million; 2020–2027)
- Hospitals and Clinics
- Medical Academic and Research Center
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.
Advancements in technology in the healthcare sector has enabled remote monitoring of a wide range of medical conditions; from congestive heart failure and diabetes, to symptoms such as stress and discomfort. Market players are investing substantially in research and development of medical smart textiles to develop smarter, more effective and efficient, and cost-effective smart medical textiles. The high cost of these textiles currently limits high product adoption in the market.
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Key Highlights of Report
Textile-based sensors are an emerging class of wearable devices, with potential for next-generation, amenability, and functionality for the human body, incorporating sensing and control. Miniaturization of electronic components and surge in demand for low-cost textile-based sensors are among some of the major factors driving revenue growth of the technology segment.
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.
Key market players include AiQ Smart Clothing Inc., Schoeller Textiles AG, Carre Technologies Inc., Vista Medical Ltd., Sensoria Inc., Siren, Camira Fabrics, Gentherm, Pireta, and 3TEKS.
Key Questions Answered in the Report:
What is the growth rate of the Medical Smart Textiles market? What is the anticipated market valuation of Medical Smart Textiles industry by 2027?
What are the key growth driving and restraining factors of the Medical Smart Textiles market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Medical Smart Textiles industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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