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

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.