The market dynamics, competitive landscape, company profiles, output and manufacturing capacity, annual growth rate, SWOT analysis, and Porter's Five Forces analysis are all evaluated in the research Medical Smart Textiles market study. For the projected period of 2021–2028, the research includes an exact prediction for the key market segments as well as market size and growth estimates. The leading market rivals, as well as their growth plans and company strategies, are also thoroughly examined in the study.
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.
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Competitive Terrain:
The global Medical Smart Textiles industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
AiQ Smart Clothing, Inc., Schoeller Textiles AG, Carre Technologies Inc., Vista Medical Ltd., Sensoria Inc., Siren, Camira Fabrics, Gentherm, Pireta, 3TEKS
The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Overview:
The report bifurcates the Medical Smart Textiles market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
-
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
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- 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)
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Key Objectives of the Report:
- Analysis and estimation of the Medical Smart Textiles market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Medical Smart Textiles market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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