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Smart Textile Market Share

ID: MRFR//4031-HCR | 140 Pages | Author: Priya Nagrale| February 2025

Smart Textile Market Share Analysis

The escalating burden of diseases represents a persistent challenge on a global scale. As highlighted by the Global Burden of Disease Study in 2017, the period spanning 1990 to 2017 witnessed a surge in the prevalence of various ailments, with neonatal disorders, ischemic heart disease, lower respiratory infections, diarrhea, chronic obstructive pulmonary disease (COPD), and stroke emerging as leading causes of early deaths. Collectively, these diseases accounted for over 1 million deaths worldwide in 2017. Moreover, the same study noted a shift in the mortality rate attributable to excess drug-resistant tuberculosis from 2007 to 2017. During this period, there was a notable increase in emerging disorders and diseases linked to antibiotic use or resistance, encompassing excess drug-resistant tuberculosis, Clostridium difficile diarrhea, and cellulitis.

In 2017, the Global Burden of Disease Study further identified high smoking and high blood pressure as the primary global risk factors contributing to early disability and death across all age groups. Against this backdrop, the rapid advancements and research in sensor technology have paved the way for innovative products in the wellness and healthcare industry. A notable example is the introduction of Neurofabric by Siren, a health technology company based in San Francisco. Neurofabric is a Diabetic Sock and Foot Monitoring System that incorporates microsensors directly embedded into the fabric.

Consequently, the increasing global burden of diseases underscores the significance of smart textiles, capable of detecting early warning signs indicative of various health conditions. These textiles hold immense potential for deployment in professional medical care settings as well as for monitoring the personal health of individuals. By leveraging sensor technology, smart textiles offer a proactive approach to healthcare, enabling early detection and intervention, thereby contributing to improved health outcomes for individuals worldwide.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 26.20% (2023-2032)
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