Medical Smart Textile Market Size, Share, Regional Trends, Industry Leading Players, and Forecast Period of 2022-2030
According to the latest reports, the Medical
Smart Textile Market Size is predicted to reach
USD 3.1 Billion by the end of the year 2030, by registering a CAGR of 6.40% during
the forecast period 2022-2030.
The medical smart
textile market is expected to expand in the coming years as a result of factors
such as rising demand for medical sensors and monitoring devices in healthcare,
advancements in diagnostic methods, and increased medical smart textile
research and development. The increasing burden of diseases, extensive use of
medical wearable devices, and developed methods of diagnosis are the major
factors driving the global medical smart textile products market. Another major
factor driving the global medical smart textile market is the increasing
prevalence of chronic diseases such as congestive heart failure and diabetes,
as well as associated symptoms such as pain and stress.
The major factor
driving the global medical smart textile market growth is the growing advances
in the technological field of the electronic sector to minimize the size of
components such as controls, sensors, and batteries in order to provide a
simple amalgamation of electronics with textile. Another major driving factor
boosting demand for the medical smart textile market is the growing trend for
sophisticated gadgets that include various additional features such as reacting
and sensing to environmental sources such as thermal, magnetic, mechanical,
chemical, and electrical.
The global pandemic
has had an impact on a variety of industries, and it is expected to have a
long-term impact on the medical smart textile industry's development over the
forecast period. However, the rising number of cases of covid 19 around the
world has boosted demand for medical smart textiles, which have a sensor that
detects physiological changes in the human body.
The high cost of
medical smart textiles, on the other hand, is likely to stymie the global
medical smart textile market's expansion.
Major Key
Players:
Global medical
smart textile market players are— 3teks (Turkey), Camira Fabrics
(UK), Pireta (England), Gentherm (US), Vista Medical Ltd (Canada), Schoeller
Switzerland (Switzerland), Sensoria Inc. (US), Siren (California), AiQ Smart
Clothing (China), and Carre Technologies Inc. (Canada).
Segment Analysis
The market, based on
technology, has been segregated into wearable technology, textile sensors, and
others.
Based on the
application, the market is segmented into bio-monitoring surgery, therapy,
surgery, and wellness, and others.
Based on the
propulsion types, the market is segmented into hospitals and clinics, and
others.
Regional Analysis
According to the research, on the
basis of regions, the global medical smart textile market has been segmented
into the Americas, Europe, Asia Pacific, and the Middle East & Africa.
Because of the extensive use of
medical devices in this area, the Americas currently hold the largest share of
the global medical smart textile market. Furthermore, the applications used in
medical engineering to track vital health indicators are driving up demand for
smart textile in this area. Due to increased government spending to support the
healthcare sector in this area, Europe holds the second-largest share of the
global medical smart textile market.
The Asia Pacific region is
expected to be the fastest-growing region in the global medical smart textile
market, owing to its high demand for high-tech medical devices and rising
demand for the use of technology in the early detection of diseases, which is
fueling the market's growth.
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