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Medical Smart Textile Market Size Soaring at 7.51% CAGR to Reach 2,105.32 million USD by 2027

The Global Medical Smart Textile Market is forecast to register a CAGR of 7.51% to reach 2,105.32 Million by the year 2027.

The new research from Ameco Research on Global ​​Medical Smart Textile Market Report for 2027 intends to offer the target audience with a fresh outlook on the market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure the quality of research.

The research is backed by extensive and in-depth secondary research which involves reference to various statistical databases, national government documents, relevant patent and regulatory databases, news articles, press releases, company annual reports, webcasts, financial reports, and a number of internal and external proprietary databases. This estimated data is cross-checked with industry experts from various leading companies in the market. After the entire authentication process, these reports are shared with subject matter experts (SMEs) for adding further value and to gain their insightful opinion on the research. With such a robust process of data extraction, verification, and finalization, we firmly endorse the quality of our research. With such extensive and in-depth research and comprehensive coverage of information, it is always a possibility of clients finding their desired information in the report with enclosure of key components and valuable statistics in all regards.

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Global Medical Smart Textile Market: Information by Technology (Wearable Technology, Textile Sensors and others), by Application (Bio-Monitoring, Surgery, Therapy and Wellness and others), by End User (Hospitals and Clinics and others) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027

Market Analysis
Medical smart textile is a new field of research and is the most widely used healthcare sector. Sensors are embedded in the textiles, in constant contact with the human body, and could intercept the physiological modifications within the body. The demand for medical smart textiles is increasing due to the rising burden of diseases, evolving methods of diagnosis, and the widespread use of wearable medical devices. These factors are anticipated to stimulate the growth of the global medical smart textile market. Though, the high cost of smart textiles is anticipated to hinder market growth. The Global Medical Smart Textile Market is forecast to register a CAGR of 7.51% to reach 2,105.32 Million by the year 2027. During the forecast period, the increasing burden of diseases is projected to feed the growth of the global medical smart textile market. As per the Global Burden of Disease Study in the year 2017, from 1990 to 2017, the major causes of premature deaths were neonatal disorders, ischemic heart disease, lower respiratory infections, diarrhoea, chronic obstructive pulmonary disease (COPD), and strokes. These diseases represent more than 1 million deaths worldwide in the year 2017. Moreover, the Global Burden of Disease Study in 2017, stated that there was a change in the mortality rate due to excess drug-resistant tuberculosis from the year 2007 to 2017. The global medical smart textile market has been segmented into technology, application, and end user. The market, on the basis of technology, has been split into wearable technology, textile sensors, and others. Depending on application, the medical smart textile market has been segregated into bio-monitoring, surgery, therapy, and wellness and others. The global medical smart textile market, based on end user, has been split into hospitals and clinics and others. The hospitals and clinics held a share of 67.3% in the year 2018.

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Market Segmentation
Global Medical Smart Textile Market has been by Technology, Application, End-User and Region. Based on technology the market has been segmented into Wearable Technology, Textile Sensors and Others. Based on application the Global Medical Smart Textile Market has been segmented into Bio-Monitoring, Surgery, Therapy and Wellness and Others. Based on End User the market is segmented into Hospitals and Clinics and Others. Geographically, the Global Medical Smart Textile Market has been split into different regions like Americas including North America (US & Canada) and Latin America, Europe including Western Europe (Germany, UK, France, Italy, Spain and Rest of Western Europe) and Eastern Europe, Asia-Pacific including Japan, China, India, Australia, South Korea, Rest of Asia-Pacific and Middle East & Africa.

Regional Analysis
Regionally, the global medical smart textile market has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas probably prevails in the global medical smart textile market. The growth in this region could be attributed to the widespread use of medical devices. Europe held a considerable share in the global medical smart textile market. This may be due to the increase in government expenditure to promote the healthcare sector in the region. Asia-Pacific is anticipated to be the fastest-growing region in the global market. This is due to the widespread demand for advanced medical devices and the growing applications of technology in the early diagnosis of diseases fuelling the growth of the medical smart textile market in the region. The medical smart textile market in the Middle East & Africa is forecast to witness a modest market growth rate from the year 2019 to 2027. The Middle East will lead the market growth in this region. Raise awareness for medical smart textiles are expected to steer market growth during the assessment period.

Major Players
The proposed spectators in the Global Medical Smart Textile Market are huge corporates, SMEs, distributors and wholesalers, Investors and trade experts, Governments, associations and industrial bodies, etc. The major companies functioning in the Global Medical Smart Textile Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Medical Smart Textile Market are Contract research manufacturing organizations, Research & development organizations, Academic institutes and Pharmaceutical companies. 3teks, Schoeller Switzerland, Sensoria Inc., AiQ Smart Clothing, Camira Fabrics, Carre Technologies Inc, Gentherm, Siren, Vista Medical Ltd and Pireta are some of the major players in the global medical smart textile market. Innovation, product development, and acquisition & mergers were some of the key strategies followed by players active in the global medical smart textile market. Gentherm signed a partnership agreement with ThermoAnalytics, Inc., a market-leading thermal modelling software development firm for the promotion of human thermal comfort predictions in February 2019. Pireta developed into a unique process that adds conductive metallic pattern directly into textile clothing without altering fabric feel. These wearable smart garments and e-textile made it possible for physicians to diagnose diseases in its early stages and offer better treatment options. The launch of this device would help the company to boost its revenue in the future in June 2019. Camira Fabric procured Luna Textiles, a US-based company that manufactures fabric for healthcare, hospitality, and other lounge seating purposes. This achievement helped Camira Fabric to increase its revenue in July 2019.

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With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Medical Smart Textile Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Medical Smart Textile Market Research Report 2027

1 Executive Summary

1.1 Market Attractiveness Analysis

1.1.1 Global Medical Smart Textile Market, by Technology

1.1.2 Global Medical Smart Textile Market, by Application

1.1.3 Global Medical Smart Textile Market, By End User

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Assumptions & Limitations

2.3.1 Assumptions

2.3.2 Limitations

2.4 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Data Mining

3.3 Secondary Research

3.4 Primary Research

3.5 Forecasting Techniques

3.6 Research Methodology for Market Size Estimation

3.6.1 Bottom-Up Approach

3.6.2 Top-Down Approach

3.6.3 Data Triangulation

3.6.4 Validation

4 Market Dynamics

4.1 Overview

4.2 Drivers

4.2.1 Growing Demand for Smart Textiles in Healthcare

4.2.2 Rising Burden of Diseases

4.2.3 Increasing Demand for Medical Sensors

4.3 Restraints

4.3.1 High Cost of Medical Smart Textiles

4.4 Opportunities

4.4.1 Technological Advancement in Healthcare Practices

4.5 Challenges

4.5.1 Regulatory Approvals for Medical Smart Textiles

4.6 Technological Trends

4.7 Macroeconomic Indicators

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 Intense Rivalry

5.2 Value Chain Analysis

5.2.1 R&D

5.2.2 Manufacturing

5.2.3 Distribution and Sales

5.2.4 Post-Sales Monitoring

5.3 Investment Opportunities

5.3.1 Market Size, Growth Rate, and Profitability

5.3.2 Investment Risks

5.3.3 Market Outlook

5.3.4 Competitors

5.3.5 Projections

5.4 Pricing Analysis

6 Global Medical Smart Textile Market, by Technology

6.1 Overview

6.2 Wearable Technology

6.3 Textile Sensors

6.4 Others

7 Global Medical Smart Textile Market, by Application

7.1 Overview

7.2 Bio-monitoring

7.3 Surgery

7.4 Therapy and Wellness

7.5 Others

8 Global Medical Smart Textile Market, by End User

8.1 Overview

8.2 Hospitals and Clinics

8.3 Others

9 Global Medical Smart Textile Market, By Region

9.1 Overview

9.2 Americas

9.2.1 North America US Canada

9.2.2 Latin America

9.3 Europe

9.3.1 Western Europe Germany France UK Italy Spain Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia-Pacific

9.4.1 Japan

9.4.2 China

9.4.3 South Korea

9.4.4 India

9.4.5 Australia

9.4.6 Rest of Asia-Pacific

9.5 Middle East & Africa

10 Competitive Landscape

10.1 Overview

10.2 Company Ranking Analysis

10.3 Competitive Benchmarking

10.4 Leading Players in Terms of Number of Developments in the Medical Smart Textile Market

10.5 Key Development Analysis

10.5.1 Partnerships

10.5.2 Acquisitions

10.5.3 Expansions

10.5.4 Product Launches/Developments

11 Company Profiles

11.1 Schoeller Switzerland

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Products/Services Offered

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 Vista Medical Ltd

11.2.1 Company Overview

11.2.2 Financial Overview

11.2.3 Products/Services Offered

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategies

11.3 Sensoria Inc.

11.3.1 Company Overview

11.3.2 Financial Overview

11.3.3 Products/Services Offered

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategies

11.4 Gentherm

11.4.1 Company Overview

11.4.2 Financial Overview

11.4.3 Products/Services Offered

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategies

11.5 Siren

11.5.1 Company Overview

11.5.2 Financial Overview

11.5.3 Products/Services Offered

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategies

11.6 Pireta

11.6.1 Company Overview

11.6.2 Financial Overview

11.6.3 Products/Services Offered

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategies

11.7 AiQ Smart Clothing

11.7.1 Company Overview

11.7.2 Financial Overview

11.7.3 Products/Services Offered

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategies

11.8 Camira Fabrics

11.8.1 Company Overview

11.8.2 Financial Overview

11.8.3 Products/Services Offered

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategies

11.9 Carre Technologies Inc

11.9.1 Company Overview

11.9.2 Financial Overview

11.9.3 Products/Services Offered

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategies

11.1 3teks

11.10.1 Company Overview

11.10.2 Financial Overview

11.10.3 Products/Services Offered

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategies

12 Appendix

12.1 References

12.2 Related Reports

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