Market Research Report

Medical Smart Textile Market

Medical Smart Textile Market Research Report: Size, Share, Trend Analysis Technology (Wearable Technology, Textile Sensors, Others), Application (Bio-monitoring, Surgery, Therapy and Wellness, Application_Others), End User (End User_Others, Hospitals & Clinics) and By Region (Middle East and Africa, Americas, Asia Pacific, Europe) - Growth Outlook & Industry Forecast To 2027

Vertical: HealthcareBase Year: 2018

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Executive Summary

Medical Smart Textile Market — Snapshot

  • Market Size (2018)

    $1.11B

  • Projected (2027)

    $2.11B

  • CAGR (2016–2027)

    7.0%

  • Key Players

    10+

Medical smart textile clothing is the advanced fusion of technology. It represents the next generation of clothes with value added functionalities such as tracking biometrics, response to environmental changes, and others. Hence various companies are engaged in developing smart textile clothing. Growing geriatric population, the rising incidence of chronic diseases, and increasing disease awareness are driving the growth of the global medical smart textile market. However, stringent regulatory policies are likely to hamper the market growth.

The global medical smart textile market is expected to register a CAGR of 7.51% during the forecast period of 2019 to 2027. In 2018, the market was led by the Americas with a 39.7% share, followed by Europe and Asia-Pacific with shares of 33.4% and 19.5%, respectively.

The global medical smart textile market has been segmented based on technology, application, end user, and region.

Based on technology, the wearable technology segment accounted for the largest market share of 53.7% in 2018, with a market value of USD 596.80 million, and is projected to register a CAGR of 7.94% during the forecast period.

Based on application, the Bio-monitoring segment accounted for the largest market share of 48.5% in 2018, with a market value of USD 538.48 million, and is expected to register a CAGR of 7.02% during the forecast period.

Based on end user, the hospitals & clinics segment accounted for the largest market share of 67.3% in 2018, with a market value of USD 747.55 million, and is expected to register a CAGR of 7.73% during the forecast period.

Key Insight

The Medical Smart Textile Market market is projected to grow at a CAGR of 7.0% from 2016 to 2027.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 4 regions: Middle East and Africa, Americas, Asia Pacific, Europe.
  • Market Segmentation: The market is analyzed across 3 segments: Wearable Technology, Textile Sensors, Others. Forecasts are provided for each segment from 2016 to 2027.
  • Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Medical Smart Textile Market

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