Electronic underwear market is projected to expand at exponential revenue
Posted by Ajay Daniel on October 23rd, 2017
The global electronic underwear market is segmented into demography such as men and unisex. Further men segment is projected to be the fastest growing segment in overall electronic underwear market by the end of 2024. Apart from this, men segment accounted for the largest segment in overall electronic underwear market. Additionally, rising old age population affected with pressure ulcer is predicted to flourish the growth of electronic underwear market in near future.
Global electronic underwear market is expected to register a robust CAGR over the forecast period. Moreover, the global electronic underwear market is projected to expand at exponential revenue during the forecast period i.e. 2017-2024. The electronic underwear market is expected to expand on the back of growing adoption of clothing technologies for the treatment of bedsores.
The online store segment by distribution channel is expected to post a considerable CAGR over the forecast period. The growth of online store segment is attributed to various factors such as easy availability of electronic underwear with different sizes. In terms of regional platform, North America is believed to dominate the market of electronic underwear by the end of 2024 aided by U.S. Further, increasing investment made by major healthcare players in North America region to provide efficient healthcare products is anticipated to elevate the growth of electronic underwear market.
Growing consumer concerns
Increasing incidence of pressure ulcer among the patients coupled with growing awareness regarding bedsores is projected to fuel the demand for electronic underwear. Moreover, rising demand for smart healthcare devices for treatment of diseases is one of the factors augmenting the demand for electronic underwear. These factors are expected to flourish the growth electronic underwear market by the end of 2024.
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Advancement in healthcare technology
Rapid urbanization coupled with increasing healthcare expenditure across the globe and rising research and development activities to develop healthcare products for the treatment of bedsores or pressure ulcer are believed to be the dynamic factor behind the rapid growth of electronic underwear market. Moreover, swelled disposable income of the population across the globe supported by positive GDP figures in growing nations is projected to boost the growth of electronic underwear/smart e-pants market.
On the contrary, high cost associated with electronic underwear/smart e-pants is expected to hinder the growth of electronic underwear/smart e-pants market over the forecast period i.e. 2017-2024.
The report titled “Electronic Underwear Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global electronic underwear/smart e-pants market in terms of market segmentation by demography, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of the key player of the global electronic underwear/smart e-pants market which includes GlideWear. Further, Key potential companies that may enter into manufacturing of electronic underwear/smart e-pants includes Rober limited, EHOB, Hill-Rom, Stryker, Apex, iHealthcare, Proma Reha, Besco, Graham Field, Invacare and ARDO. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global electronic underwear/smart e-pants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About the AuthorAjay Daniel
Joined: August 14th, 2017
Articles Posted: 147
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