Medical Smart Textiles Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2027

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.

As per industry analysts, the Medical Smart Textile industry is currently reeling from the pandemic’s gripping effects, and remarkable changes have been observed in the market dynamics and demand trends over recent months. The financial strains being suffered by each business organization in this industry have significantly slowed down their progress. Additionally, the report assesses the pandemic’s overall impact on the global market growth and involves a future COVID-19 impact assessment to help readers make prudent business decisions.

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Competitive Landscape:

The research report offers key insights into the leading market players’ strengths and weaknesses, assessed using Porter’s Five Forces and SWOT analyses. The report includes Medical Smart Textile market segmentation based on product type, application spectrum, and key regions. The investigative study estimates the market size, market share, and revenue generation over the forecast timeframe. The key players profiled in the report include:

AiQ Smart Clothing Inc., Schoeller Textiles AG, Carre Technologies Inc., Vista Medical Ltd., Sensoria Inc., Siren, Camira Fabrics, Gentherm, Pireta, and 3TEKS.

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.

Market Segmentation:

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)
o Textile Sensors
o Wearable Technology
o Others
• Application Outlook (Revenue, USD Million; 2020–2027)
o Surgery
o Bio-monitoring
o Therapy and Wellness
o Others
• End-user Outlook (Revenue, USD Million; 2020–2027)
o Hospitals and Clinics
o Medical Academic and Research Center
o Others

Major Geographies Encompassed in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The study strives to carefully gauge the present and future market growth prospects, untapped avenues, demand and consumption patterns, and the crucial factors poised to impact each market region’s revenue potential. Therefore, the report scrutinizes the numerous growth trends & prospects and the significant challenges and threats that the market players might face in the upcoming years.

Target Audience of the Global Medical Smart Textile Market report:

• Global Medical Smart Textile market providers, traders, distributors, and suppliers
• Research organizations, End-use industries, consulting organizations, and various alliances related to this business sphere.
• Independent regulatory authorities, government bodies, and policymakers.

Table of Content

Chapter 1. Methodology & Sources
1.1. 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. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Medical Smart Textile Market Segmentation & Impact Analysis
4.1. Medical Smart Textile Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising burden of diseases
4.2.2.2. Increasing demand for medical sensors
4.2.2.3. Advancement in technology
4.2.3. Market restraints analysis
4.2.3.1. High cost of medical textiles
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

READ MORE…!

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