Recent report published by research nester titled “Electronic Underwear Market: Global Demand Analysis & Opportunity Outlook 2024”delivers detailed overview of the electronic underwear 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.
The electronic underwear market has been segmented by demography into male and unisex; by distribution channel in online store and offline store. Apart from that, the boxer segment held the dominant share in overall electronic market and is further expected to retain its positive stance over the forecast period. The overall medical advantages of electronic underwear are anticipated to benefit the expansion of electronic underwear market by notable revenue over the forecast period.
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In terms of geography, North America is expected to dominate the overall smart e-pants market owing to the wide use of these clothing technologies in the treatment of bedsores. Further, major healthcare companies are projected to enter into the North America’s electronic underwear market which is expected to boost the growth of the market in the region. The second largest electronic underwear market is anticipated to be attained by Europe owing to the demand for smart healthcare devices and increased adoption of technological advanced products. Additionally, rise in middle class population combined with the purchasing power of consumers is anticipated to drive the Asia-Pacific Electronic Underwear Market with tremendous growth over the forecast period.
The global market of electronic underwear/ smart e-pants is expected to reach significant market valuation by the end of 2024 by witnessing a robust compound annual growth rate over the period 2017-2024. Factors such as rising disposable income and growing health awareness among the patients are anticipated to drive the growth of the electronic underwear market during the forecast period.
Healthcare Sector Reflects Significant Opportunities
The growth in IT industry and research & development activities is estimated to drive the demand for electronic underwear. Further, the rising adoption of wearable devices and growing demand from healthcare sector reflects significant opportunities for electronic underwear market over the forecast period.
However, lack of awareness and high cost related to smart e-pants might inhibit the growth of electronic underwear in the near future.
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This report also provides the existing competitive scenario of some of the key players of the electronic underwear market which includes company profiling of GlideWear, 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 electronic underwearmarket 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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