Global Wearable Materials Market Growing at A CAGR of 15.3% 2019-2026
The global wearable materials market was valued at USD 1.5 billion in 2018 and is expected to reach USD 3.2 billion in 2026 , growing at a CAGR of 15.3% during the forecast period. Wearable materials are bio-compatible materials which are used in the wound dressing and skin patches, drug delivery devices, medical implants, and medical smart electronic devices. Wearable materials are available in many forms such as silicones, polyurethanes, fluoroe lastomers, polyaniline etc. These wearable materials have characteristics such as flexibility, durability, strength, chemical resistance, UV resistance, and sweat resistance. The growth of this market is primarily driven by increasing disposable incomes, growing technological innovation in healthcare and consumer goods industry, growing popularity and availability of low-cost wearable devices. Also, increasing initiative from the suppliers and manufacturers such as the development of skin-sensitive would contribute to the ...