WiseGuyReports.Com Publish a New Market Research Report On –“Medical Smart Textile – Industry Trends, Sales, Supply, Demand, Analysis & Forecast To 2027”.
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.
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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.
Listed Key Players Included Are:
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.
The growth rate forecast for the Medical Smart Textile market is reflective of optimistic development in the coming years. While the global economic scenario will have an effect on the global economy, the data collected in recent years indicate a positive trend in this regard. The report on the global Medical Smart Textile market offers a brief overview of the overall market with definitions of products and services. The research also looks at production and management technologies. The market research conducted an in-depth analysis of certain recent and important developments. This study also covers the manufacturer's data for the 2020-2027 analysis period.
Business patterns based on the possible effect on the future of the Medical Smart Textile market have been analyzed as part of market research. The effect of risks, constraints, and opportunities on the global Medical Smart Textile market has been analyzed. Demand and supply dynamics are also analyzed using effective economic methodologies. In addition, the effect of government policies and regulations on the market has also been analyzed in this study.
The study includes segment data documenting the different market sizes of the main components, both in terms of volume and value. A regional study of various industries was also performed to research the output of regional markets. This section includes the regions of Latin America, Europe, Asia Pacific, South and Central America, Latin America, the Middle East, and Africa. The major market segments have been demarcated based on product types and applications.
Comprehensive research methodologies have been used to analyze the global Medical Smart Textile market. Using both primary and secondary sources, the study provides a statistical analysis of the sector. Porter's Five Force Model and SWOT analysis reports included in the study make it easier for readers to make decisions on the Medical Smart Textile market. The analysis offers a business forecast to take a global view of the rising demand and supply of the product or service.
Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Medical Smart Textile Market, by Technology
7 Global Medical Smart Textile Market, by Application
8 Global Medical Smart Textile Market, by End User
9 Global Medical Smart Textile Market, By Region
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Source: EIN Presswire