by Adaptive clothing is specifically designed for people with limited mobility or impairment. Such clothing features adjustable parts, easy closures, elastic waistbands, Velcro closures instead of buttons etc to help people gain independence in dressing. The growing geriatric population, rising incidence of disabilities due to diseases and accidents have increased the need for adaptive clothing across the world.
The global Adaptive Clothing Market is estimated to be valued at US$ 22.92 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising awareness regarding the benefits of adaptive clothing has been a key trend driving the growth of this market. Adaptive clothing provides comfort and independence to people with disabilities. It allows easy dressing and helps avoid embarrassment. Additionally, adaptive clothing is also available in diverse designs and fabrics like others mainstream clothes thus promoting confidence and well-being among users. Various awareness campaigns by governments and non-profit organizations have highlighted how adaptive clothing can positively impact the quality of life of people. This has fuelled the demand for such life-improving clothing solutions across all age groups.
SWOT Analysis
Strength: Adaptive clothing offers functional benefits like ease of dressing and undressing for people with disabilities. It provides greater independence.
Weakness: Higher costs of adaptive clothing compared to regular clothing limits their affordability for some customers. Limited product variety and availability in some regions.
Opportunity: Growing elderly population and rising cases of disability present a large addressable market. Increased promotion can help more people know about these clothing benefits.
Threats: Stiff competition from regular clothing brands capturing market share. Economic slowdowns may impact discretionary spending on such clothing.
Key Takeaways
The Global Adaptive Clothing Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Adaptive Clothing Market is estimated to be valued at US$ 22.92 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.
Regional analysis shows that North America dominates currently due to high disability rates and demand. However, Asia Pacific is expected to offer lucrative growth opportunities owing to growing health awareness and increased spending capacity in the region.
Key players operating in the adaptive clothing market are DSM Nutritional Products, Lycored, Lycored SARL, FutureCeuticals, Vidya Herbs, Allied Biotech Corporation, Avestia Pharma, Xi’an Green Source Co., Ltd., Beijing Gingko Group (BGG), Shaanxi Jiahe Phytochem Co., Ltd. Stiff competition exists between these players to offer innovative products and expand into new markets. Players focus on customization, breathability, and design enhancements to suit different disabilities and lifestyles.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
