Global Medical Smart Textile Market Size Study, by Technology, by Application, by End User, and Regional Forecasts 2022-2032

Description

Global Medical Smart Textile Market was valued at approximately USD 4.27 billion in 2023 and is anticipated to grow with a compound annual growth rate (CAGR) of 8.03% during the forecast period 2024-2032. Medical smart textiles represent a convergence of advanced materials and cutting-edge electronics integrated into fabrics designed to monitor and enhance health outcomes. These innovative textiles have the capacity to track vital signs such as heart rate, body temperature, and glucose levels, with data being transmitted in real-time to healthcare providers. Such capabilities make these textiles invaluable in wearable devices, wound care, and rehabilitation, offering personalized, continuous health management. Furthermore, with embedded sensors and drug delivery systems, these textiles are poised to significantly impact chronic disease management and accelerate healing processes, thus revolutionizing patient care through their seamless and unobtrusive technology.

The Global Medical Smart Textile Market is driven by growing demand for medical smart textiles is driven by several key factors, including the increasing burden of chronic diseases globally and the widespread adoption of medical wearable devices. Advances in diagnostic methods also contribute to the growth of this market. The rising prevalence of chronic conditions such as congestive heart failure and diabetes, along with related symptoms such as discomfort and stress, underscores the need for effective and continuous health management solutions, further bolstering the market for medical smart textiles. However, the high costs associated with these advanced textiles could pose a challenge to market growth.

The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominated the medical smart textile market due to the region's advanced healthcare infrastructure and significant investment in healthcare technology. The region's focus on innovation and the adoption of new technologies in patient care contribute to the strong market presence. Furthermore, the Asia-Pacific region is expected to witness the fastest growth over the forecast period, driven by increasing healthcare expenditures and rising awareness of advanced healthcare solutions.

Major market players included in this report are:

Schoeller Switzerland
Vista Medical Ltd
Sensoria Inc.
Gentherm
Siren
Pireta
AiQ Smart Clothing
Camira Fabrics
Carre Technologies Inc.
3teks.

The detailed segments and sub-segment of the market are explained below:

By Technology:

Wearable Technology
Textile Sensors
Others

By Application:

Bio-Monitoring
Surgery
Therapy and Wellness
Others

By End User:

Hospitals and Clinics
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
ROE

Asia Pacific:

China
India
Japan
Australia
South Korea
RoAPAC

Latin America:

Brazil
Mexico
RoLA

Middle East & Africa:

Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Medical Smart Textile Market Executive Summary

1.1. Global Medical Smart Textile Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Technology
- 1.3.2. By Application
- 1.3.3. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Medical Smart Textile Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Medical Smart Textile Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Prevalence of Chronic Diseases
- 3.1.2. Growing Adoption of Medical Wearable Devices
- 3.1.3. Advances in Diagnostic Methods
3.2. Market Challenges
- 3.2.1. High Costs of Medical Smart Textiles
3.3. Market Opportunities
- 3.3.1. Technological Innovations in Smart Textiles
- 3.3.2. Expanding Applications in Chronic Disease Management

Chapter 4. Global Medical Smart Textile Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Medical Smart Textile Market Size & Forecasts by Technology 2022-2032

5.1. Segment Dashboard
5.2. Global Medical Smart Textile Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Wearable Technology
- 5.2.2. Textile Sensors
- 5.2.3. Others

Chapter 6. Global Medical Smart Textile Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Medical Smart Textile Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Bio-Monitoring
- 6.2.2. Surgery
- 6.2.3. Therapy and Wellness
- 6.2.4. Others

Chapter 7. Global Medical Smart Textile Market Size & Forecasts by End User 2022-2032

7.1. Segment Dashboard
7.2. Global Medical Smart Textile Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Hospitals and Clinics
- 7.2.2. Others

Chapter 8. Global Medical Smart Textile Market Size & Forecasts by Region 2022-2032

8.1. North America Medical Smart Textile Market
- 8.1.1. U.S. Medical Smart Textile Market
  - 8.1.1.1. Technology breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Medical Smart Textile Market
8.2. Europe Medical Smart Textile Market
- 8.2.1. UK Medical Smart Textile Market
- 8.2.2. Germany Medical Smart Textile Market
- 8.2.3. France Medical Smart Textile Market
- 8.2.4. Spain Medical Smart Textile Market
- 8.2.5. Italy Medical Smart Textile Market
- 8.2.6. Rest of Europe Medical Smart Textile Market
8.3. Asia-Pacific Medical Smart Textile Market
- 8.3.1. China Medical Smart Textile Market
- 8.3.2. India Medical Smart Textile Market
- 8.3.3. Japan Medical Smart Textile Market
- 8.3.4. Australia Medical Smart Textile Market
- 8.3.5. South Korea Medical Smart Textile Market
- 8.3.6. Rest of Asia Pacific Medical Smart Textile Market
8.4. Latin America Medical Smart Textile Market
- 8.4.1. Brazil Medical Smart Textile Market
- 8.4.2. Mexico Medical Smart Textile Market
- 8.4.3. Rest of Latin America Medical Smart Textile Market
8.5. Middle East & Africa Medical Smart Textile Market
- 8.5.1. Saudi Arabia Medical Smart Textile Market
- 8.5.2. South Africa Medical Smart Textile Market
- 8.5.3. Rest of Middle East & Africa Medical Smart Textile Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Schoeller Switzerland
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Vista Medical Ltd
- 9.3.3. Sensoria Inc.
- 9.3.4. Gentherm
- 9.3.5. Siren
- 9.3.6. Pireta
- 9.3.7. AiQ Smart Clothing
- 9.3.8. Camira Fabrics
- 9.3.9. Carre Technologies Inc.
- 9.3.10. 3teks.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes