Medical Smart Textile Market anticipated to garner a CAGR of 9.5% during the forecast period 2019 To 2027. Soaring Demand for Monitoring Devices to Encourage Global Medical Smart Textile Market. For this study Medical Smart Textile Market is segmentd by Technology (Smart Fabric Technology, Textile Sensors, Wearable Technology), Application (Surgery, Hygiene, Drug-Release System, Bio-Monitoring), End-User (Hospitals, Clinics, Others), and Region with forecast to 2027.
The players dominating the global medical smart textile market includes Intelligent Clothing Ltd. (UK), Google Inc. (US), Textronics, Inc. (US), International Fashion Machines (US), Sensoria Inc. (US), Interactivewear (Germany), Vista Medical Ltd. (Canada), Schoeller Textiles AG (Switzerland), Gentherm (US), and others.
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Global Medical Smart Textile Market Overview:
The global medical smart textile market is anticipated to garner a CAGR of 9.5% during the forecast period (2018-2027), Market Research Future (MRFR) reveals in a detailed report. Smart textile and fabrics are considered new fields of research, which have wide applications in the healthcare sector. Sensors which have contact with the body and are integrated into textiles can capture physiological signals. Mounting Demand for Medical Sensors to Promote the Growth of Medical Smart Textile Market. Use of Nano Technology to Assist in Medical Smart Textile Market Growth
Market Potential and Pitfalls
The global medical smart textile market has witnessed a tectonic surge over the past few years. Medical engineering has brought revolution in the field of medicine, promoting innovative methods for diagnosis and treatment of diseases. With the soaring demand for monitoring devices and medical sensors, rising burden of diseases, evolving methods of diagnosis, and extensive use of wearable medical devices, the global medical smart textile market is predicted to flourish over the years. The incorporation of smart devices into tracking and monitoring a patient’s progress and enhanced scope for innovation in the healthcare industry are influencing the market growth to a great extent. The evolving market for wearable devices is further anticipated to contribute to its growth in the coming years. Advancing technology, coupled with the increasing popularity of smart things, is aiding for the increasing demand for efficient smart textile products. Moreover, companies are highly focusing on attracting customers by launching innovative products with improved features to stay competitive in the global market. Use of Nanotechnology and high adoption rate of medical smart textile by sports, healthcare, and military sectors are further anticipated to influence the market growth in the coming years
On the contrary, the high cost of smart textile can restrict the growth of the market in the foreseeable future. Moreover, the lack of appropriate regulations and standards to monitor can impair the flourishing market in the days to come.
Medical Smart Textile Market Segmental Analysis:
The global medical smart textile market is segmented on the basis of technology, application, and end user.
By technology, the medical smart textile market is segmented into textile sensors, smart fabric technology, and wearable technology.
By application, the medical smart textile market is segmented into hygiene, surgery, bio-monitoring, and drug-release system.
By end user, the medical smart textile market is segmented into hospitals, clinics, and others.
Regional Analysis:
Geographically, the medical smart textile market spans across Europe, America, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, North America dominates the medical smart textile market due to the high use of medical applications and devices in medical engineering to monitor vital health indicators. Market players are highly engaged in constant technological advancements for ease of monitoring, treatment, and diagnosis, which further encourages its growth in the region.
Europe bags the second spot in the global market due to the surging initiatives by the government to promote the healthcare industry. The soaring adoption of R&D activities in the healthcare sector propels the market growth in the region. Market players involve themselves in collaboration and strategic partnerships with the chemical industry, which is further estimated to trigger the demand from the medical smart textile market.
The Asia Pacific will experience significant growth in the medical smart textile due to the surging number of healthcare organizations in the region. The soaring prevalence of diseases, rising applications of technology in the early diagnosis of disease, and extensive demand for advanced medical devices are influencing the regional market growth. Also, the presence of geriatric population influences the market growth to a great extent.
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
Chapter 6. Global Medical Smart Textile Market, By Technology
6.1 Introduction
6.2 Smart Fabric Technology
6.2 Wearable Technology
6.3 Textile Sensors
6.4 Joining Technology
Chapter 7. Global Medical Smart Textile Market, By Application
7.1 Introduction
7.2 Bio-Monitoring
7.3 Surgery
7.4 Hygiene
7.5 Drug-Release System
7.6 Therapy And Wellness
Chapter 8. Global Medical Smart Textile Market, By End-User
8.1 Introduction
8.2 Hospitals & Clinics
8.3 Academic & Industrial Research
8.4 Others
Chapter 9. Global Medical Smart Textile Market, By Region
9.1 Introduction
9.2 America
9.2.1 North America
9.2.1.1 US
9.2.1.2 Canada
9.2.2 South America
9.3 Europe
9.3.1 Western Europe
9.3.1.1 Germany
9.3.1.2 France
9.3.1.3 Italy
9.3.1.4 Spain
9.3.1.5 UK
9.3.1.6 Rest Of Western Europe
9.3.2 Eastern Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 Republic Of Korea
9.4.6 Rest Of Asia Pacific
9.5 The Middle East & Africa
9.5.1 United Arab Emirates
9.5.2 Saudi Arabia
9.5.3 Oman
9.5.4 Kuwait
9.5.5 Qatar
9.5.6 Rest Of The Middle East & Africa
Chapter 10. Company Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Key Development & Strategies
10.3.1 Key Developments
Chapter 11 Company Profiles
11.1 Google Inc
11.1.1 Company Overview
11.1.2 Type Overview
11.1.3 Financials
11.2.4 Key Developments
11.1.5 SWOT Analysis
11.2 Intelligent Clothing Ltd
11.2.1 Company Overview
11.2.2 Type Overview
11.2.3 Financial Overview
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.3 International Fashion Machines, Inc
11.3.1 Company Overview
11.3.2 Type Overview
11.3.3 Financial Overview
11.3.4 Key Development
11.3.5 SWOT Analysis
11.4 Textronics, Inc
11.4.1 Company Overview
11.4.2 Type/Business Segment Overview
11.4.3 Financial Overview
11.4.4 Key Development
11.4.5 SWOT Analysis
11.5 Sensoria Inc
11.5.1 Company Overview
11.5.2 Type Overview
11.5.3 Financial Overview
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.6 Schoeller Textiles AG
11.6.1 Company Overview
11.6.2 Type Overview
11.6.3 Financial Overview
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.7 Vista Medical Ltd
11.7.1 Overview
11.7.2 Type Overview
11.7.3 Financials
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.8 Innovation In Textiles
11.8.1 Overview
11.8.2 Type Overview
11.8.3 Financials
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.9 DuPont De Nemours And Co.
11.9.1 Overview
11.9.2 Type Overview
11.9.3 Financials
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.10 Gentherm Inc
11.10.1 Overview
11.10.2 Type Overview
11.10.3 Financials
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.11 ACADIA Pharmaceuticals Inc
11.11.1 Overview
11.11.2 Type Overview
11.11.3 Financials
11.11.4 Key Developments
11.11.5 SWOT Analysis
11.12 Others
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