A US$ 1 Billion Opportunity for Technical Textiles in Healthcare, Highlights IKS Report
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A US$ 1 Billion Opportunity for Technical Textiles in Healthcare, Highlights IKS Report

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2 Pages
English

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A US$ 1 Billion Opportunity for Technical Textiles in Healthcare, Highlights IKS Report PR Newswire NEW DELHI, May 31, 2012 NEW DELHI, May 31, 2012 /PRNewswire/ -- IndiaMART Knowledge Services (IKS) launches industry report on 'Apparel & Fashion Industry' for SMEs Highlights current trends in the sector & brings forth SMEs view on the present market scenario & growth foreseen Analyses role of internet in building growth opportunities for SMEs in the sector The healthcare sector currently stands at $40 billion and is estimated to reach a size of $142 billion by 2020. Technical textiles is expected to benefit immensely from this growth. This is because the technical textiles usage by the healthcare sector is expected to rise to $ 1 billion by 2016-17 from $409 million. These details are highlighted in the latest report on "Apparel and Fashion Accessories Industry" launched by IndiaMART Knowledge Services (IKS), an in-house research unit at IndiaMART.com, exclusively for small and medium enterprises (SMEs). The comprehensive report collates significant information on the apparel and textile industry available in reports and studies by different organisations. The IKS report also includes an exclusive analysis of apparel sector data on IndiaMART.com marketplace and draws attention to the growing online business activity among SMEs in the sector. Apart from this, it focuses on the current market trends and business sentiments amongst SMEs in the apparel sector.

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A US$ 1 Billion Opportunity for Technical
Textiles in Healthcare, Highlights IKS Report
PR Newswire
NEW DELHI, May 31, 2012
NEW DELHI
,
May 31, 2012
/PRNewswire/ --
IndiaMART Knowledge Services (IKS) launches industry report on 'Apparel &
Fashion Industry' for SMEs
Highlights current trends in the sector & brings forth SMEs view on the present
market scenario & growth foreseen
Analyses role of internet in building growth opportunities for SMEs in the sector
The healthcare sector currently stands at
$40 billion
and is estimated to reach
a size of
$142 billion
by 2020. Technical textiles is expected to benefit
immensely from this growth. This is because the technical textiles usage by the
healthcare sector is expected to rise to
$ 1 billion
by 2016-17 from
$409 million
.
These details are highlighted in the latest report on
"Apparel and Fashion
Accessories Industry"
launched by
IndiaMART Knowledge Services (IKS)
,
an in-house research unit at IndiaMART.com, exclusively for small and medium
enterprises (SMEs).
The comprehensive report collates significant information on the apparel and
textile industry available in reports and studies by different organisations.
The IKS report also includes an exclusive analysis of apparel sector data on
IndiaMART.com marketplace and draws attention to the growing online
business activity among SMEs in the sector. Apart from this, it focuses on the
current market trends and business sentiments amongst SMEs in the apparel
sector. The IKS report is intended to help SMEs identify areas of growth for
business and tap them to their advantage.
On the report launch,
Mr. Dinesh Agarwal, Founder & CEO,
IndiaMART.com
said, "We have been closely working with SMEs for many
years now. What compelled us to go ahead and create such a comprehensive
industry report was the need for updated sectoral information and insights
which could be useful to the SMEs. While working on the report, we were able
to identify growth areas for SMEs, one of which is the technical textile segment.
It has immense growth opportunities to offer to them as this industry is likely to
grow to
$31.4 billion
. With such in-depth analysis, we hope SMEs in this sector
find this report as a ready reckoner for their businesses. This will be followed by
other such sector-specific reports."
Key highlights of the report include:
- Apparel SMEs in metros more active on internet than in tier-II & III cities
- Online business activity among SMEs in the sector surged by 38.7% this year
as compared to last year
- High majority have an optimistic outlook with respect to sales in the near
future, suggests IKS survey of SMEs in the apparel sector
- Export market is expected to touch
$43 billion
while domestic market will
reach to
$57 billion
by 2015
-
India
has the potential to increase its share of textile and apparel in world
trade to 8% from current level of 4.5%
The Indian Apparel & Fashion Accessories sector is one of the most important
industries in the economy owing to the status it has earned of being the largest
exchange earner and one of the biggest employment generating sectors.
The report worked its way inside the industry and also captured SMEs'
viewpoint on major issues, market growth, lack of proper credit facilities,
exports
et al.
To read the full report, click here:
http://www.indiamart.com/knowledgeservices/sme-research.html
About IndiaMART.com
IndiaMART.com
India's
largest online B2B marketplace for Small & Medium Size
Businesses, connecting global buyers with suppliers. The company offers a
platform & tools to over 1 million suppliers to generate business leads from
over 5 million buyers, who use the platform to find reliable & competitive
suppliers. The company has over 3500employees located across 75+ offices in
the country. Its existing investors include Intel Capital and Bennett, Coleman &
Co. Ltd.
Products & Services
IndiaMART.com offers products that enable small & medium size businesses
generate business leads (online catalogs/store-fronts), establish their credibility
(third party verified trust profile) and use business information (finance, news,
trade shows, tenders) for their business promotion.
For more information, please visit: http://www.indiamart.com/corporate/press-
section.html
Media Contacts
Pawandeep Kaur
Manager - Corporate Communications
T: +(91)-(120)-30908654
F: +(91)0120-3911010
E: corpcomm@indiamart.com