Medical Smart Textiles Market is Expected to Grow by USD 2,177.6 Million during 2020-2027, Progressing at a CAGR of 25.6% during the Forecast Period

Medical Smart Textile Market

According to a recent report by Emergen Research, the global market for medical smart textiles is anticipated to reach a value of USD 2,177.6 million in 2027. The market for medical smart textiles is currently expanding due to factors such as the rising prevalence of chronic diseases, improvements in diagnosis techniques, and rising consumer adoption of wearable medical equipment. Sensors are built into medical smart textiles, which are used to create gowns that patients or people with illnesses or diseases can wear. Any physiological changes in the body are recorded by the sensors, and staff members and healthcare professionals are alerted as a result.

The materials used in smart textiles have technologies built into them that boost the wearer’s utility. There are several applications for smart textiles in healthcare, including monitoring one’s health, protecting oneself from harm, and leading a healthy lifestyle. The sensors built into textiles that come into contact with body parts can record physiological data, sense their surroundings, and respond accordingly. These textiles are sensitive to external stimuli such as thermal, magnetic, chemical, mechanical, electrical, or other forces and respond accordingly.

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Key Highlights of Report

A new category of wearable technology called textile-based sensors has the potential to be next-generation, suitable, and functional for the human body, combining sensing and control. One of the main drivers propelling the technology segment’s revenue growth is the miniaturisation of electronic components and the spike in demand for inexpensive textile-based sensors.

Due to the widespread usage of medical smart textiles for remote patient monitoring and use during surgery in hospitals, the hospital and clinic market saw higher revenue in 2019.

In terms of revenue, North America led the world market for medical smart textiles in 2019. The substantial usage of cutting-edge medical technology and the quick uptake of the Internet of Things (IoT) in the region’s nations’ healthcare systems can be credited to the market’s high revenue growth.

AiQ Smart Clothing Inc., Schoeller Textiles AG, Carre Technologies Inc., Vista Medical Ltd., Sensoria Inc., Siren, Camira Fabrics, Gentherm, Pireta, and 3TEKS are some of the leading industry participants.

Market Scope

A specialised and in-depth study with a particular focus on the worldwide medical device industry trend analysis is titled “Global Medical Smart Textile Market Analysis to 2027.” The report’s goal is to give readers a comprehensive picture of the medical smart textile market, including a breakdown of the industry by technology, application, end user, and geography. Throughout the projected period, the market for medical smart textiles is anticipated to expand rapidly. The report provides important statistics on the market position of the main medical smart textile industry companies and discusses significant trends and opportunities in the market.

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
  • 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

Regional Outlook (Revenue, USD Million; 2020–2027)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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