Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Electronic underwear or smart e-pants is defined as an electronic garment which helps to prevent bedsores. Smart e-pants help to reduce the risk of pressure ulcers in the sacrum (base of spine). This technology improves the care of individuals confined to beds or wheelchairs. Electronic underwear uses electrical stimulations to produce brief contractions in muscles that are compressed for prolonged period of time. These electrical stimulations are repeated every few minutes which in turn helps the patients to prevent bedsores.
The global electronic underwear/smart e-pants market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Smart e-pants market is driven by various factors such as rising health awareness among the patients regarding smart e-pants and rising disposable income of the consumers.
In terms of geography, North America region is expected to dominate the market during the forecast period aided by the U.S. Further, wide use of these clothing technologies in the treatment of bedsores and rapid urbanization are believed to flourish the growth of electronic underwear/smart e-pants market in the region. Moreover, major healthcare companies are projected to enter into the North Americas electronic underwear market which is further likely to boost the growth of electronic underwear/smart e-pants market in the region over the forecast period.
Europe region is anticipated to hold the second largest market in electronic underwear/smart e-pants by the end of 2024. Further, the major countries to witness the augmented demand for electronic underwear/smart e-pants in Europe include Germany, France, U.K. and others countries. Additionally, increased adoption of technological advanced products and a greater demand for smart healthcare devices are envisioned to foster the growth of electronic underwear/smart e-pants market in the Europe region. Asia-Pacific region is also projected to show a tremendous growth over the forecast period i.e. 2017-2024. The growth in this region is credited to the rise of middle class and purchasing power of the population. Furthermore, Japan and China are envisioned to lead the market for electronic underwear in this region owing to rising demand for smart e-pants from old age population.CLICK TO DOWNLOAD SAMPLE REPORT
Our in-depth analysis segmented the global electronic underwear/smart e-pants market in the following segments:
Global electronic underwear/smart e-pants market is further classified on the basis of region as follows:
Factors such as rising adoption of wearable electronics and growing demand for smart e-pants from healthcare sector for the prevention of bedsores or pressure ulcer are believed to be the dynamic factor behind the rapid growth of electronic underwear/smart e-pants market across the globe. Further, rising old age population and increased number of patients affected with pressure ulcer disease are envisioned to bolster the growth of electronic underwear/smart e-pants market by the end of 2024.
Moreover, positive growth in IT industry across the globe which in turn further increase their research & development activities to develop advanced and latest technology products and swelled disposable income of the population across the globe supported by the positive GDP figures in growing nations supporting the penetration of smart consumer electronics which are projected to boost the demand for electronic underwear/smart e-pants.
However, high cost associated with the electronic underwear and lack of awareness regarding electronic underwear/smart e-pants are anticipated to hinder the growth of electronic underwear/smart e-pants market over the forecast period.
The major key players for electronic underwear/smart e-pants market are as follows
Key potential companies that may enter into manufacturing of electronic underwear/smart e-pants are mentioned below:
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