Medical Smart Textile Market Scope
Medical smart textiles utilize advanced fabrics that incorporate electronics and digital technologies, allowing for the monitoring, diagnosis, and treatment of medical conditions. These textiles have a variety of applications, including wound care, patient monitoring, and drug delivery. By incorporating sensors and wearable technology, medical smart textiles can be used in therapy, treatment, and surgery, as well as for remote patient monitoring. Different types of sensors, such as resistive, capacitive, and piezo-resistive sensors, are commonly used in medical smart textiles. Further, with increasing demand for medical smart textiles with built-in ECG and heart rate monitoring technology, this market is expected to experience significant growth during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Sensoria Inc. (United States), Vista Medical Ltd (Canada), Siren (Ireland), Gentherm (United States), Carre Technologies Inc. (Canada), ThermoSoft International Corporation (United States), 3teks (United States), Pireta (United States), Camira Fabrics (United Kingdom), Schoeller Textile AG (Switzerland), AiQ Smart Clothing (Taiwan) and Confluent Medical Technology (United States) |
CAGR | % |
Medical smart textile market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity. Further, companies are focusing on developing innovative products and solutions to improve quality and enhance product performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Sensoria Inc. (United States), Vista Medical Ltd (Canada), Siren (Ireland), Gentherm (United States), Carre Technologies Inc. (Canada), ThermoSoft International Corporation (United States), 3teks (United States), Pireta (United States), Camira Fabrics (United Kingdom), Schoeller Textile AG (Switzerland), AiQ Smart Clothing (Taiwan) and Confluent Medical Technology (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Smart Textile market by Type , by Application (Biomonitoring, Surgery, Treatment and Therapy and Health and Fitness) and Region with country level break-up.
On the basis of geography, the market of Medical Smart Textile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In November 2022, sensoria launched its first wearable telerehabilitation platform. Sensoria is a US-based medical smart textile manufacturer, with this launch sensoria offers a patient-centric, multi-device mobile and cloud software telerehabilitation system that makes it efficient for physical therapists and clinicians to remotely monitor their patients. This launch helped Sensoria to expand its presence in the medical smart textile market.
Influencing Trend:
Increasing Demand for Censor Technology in Medical Textile
Market Growth Drivers:
Rising Demand for Machine Washable and Chargable Medical Wear, Growing Demand for Built-In ECG and Heart Rate Monitors in Cloth and Increasing Demand for Temperature Sensing Technology in Medical Smart Textile.
Challenges:
Incompatibility between Textiles and Electric Systems
Restraints:
Stringent Government Regulation for Manufacturing Medical Smart Textile
Opportunities:
Increasing Technical Advancement such as Immune-Sensing Sensors in Bandages and Undergarments to Detect Cardiac Arrests
Key Target Audience
Medical Smart Textile Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others