Wearable Patch Market Size, Share, Demand & Opportunities Forecast 2020-2025

 According to the new report by IMARC Group, titled “Wearable Patch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global wearable patch market grew at a CAGR of around 18% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during the next five years.

Request for a free sample copy of this report @ https://www.imarcgroup.com/wearable-patch-market/requestsample 

A wearable patch is a smart medical bandage used for disease monitoring, drug delivery, and several medical procedures. It primarily comprises of various electronic components, such as actuators, sensors, and energy storage and communication systems. These components collect data at consistent intervals and transfer it to the connected health information systems (HIS) or smartphones. Few commonly used wearable patches are pain-relieving, nicotine and alcohol detection, and sensor patches that monitor heart rate, blood pressure, temperature, and oxygen levels. These devices are compact, flexible, and perform continuous monitoring of various complex electrocardiogram measurements and physiological parameters without requiring tethering of wires to patients.

Growth Drivers:

The growing geriatric population and increasing prevalence of chronic and lifestyle diseases, such as diabetes, cardiovascular diseases (CVDs), etc., are augmenting the demand for wearable patches. Moreover, the growing health concerns among the population, coupled with elevating healthcare expenditures, also foster the wearable patch market growth. Additionally, the introduction of personalized skin patches that monitor individual’s exposure to pollution, ultraviolet (UV) rays, pollen, and humidity, further bolsters the product demand. Besides this, the emergence of innovative wearable cosmetic patches utilized for melanoma therapies will continue to drive the global wearable patch market growth in the coming years.

Wearable Patch Market 2020-2025 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the wearable patch market has been studied in the report with the detailed profiles of the key players operating in the market. 

Some of these key players include:

• Abbott Laboratories

• Delta Electronics Inc.

• Gentag Inc.

• Insulet Corp.

• iRhythm Technologies Inc.

• Kenzen Inc.

• MTG UK Co. Ltd.

• Nemaura Medical Inc.

• UpRight Technologies Ltd.

The report has segmented the global wearable patch market on the basis of technology, end use and region.

Breakup by Technology:

• Connected

• Regular

Breakup by End Use:

• Healthcare

• Fitness and Sports

Breakup by Region:

• North America

• United States

• Canada

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa


Do you have any query or specific requirement? Ask to our industry expert @ https://www.imarcgroup.com/request?type=report&id=2778&flag=F

Key highlights of the report:

• Market Performance (2014-2019) 

• Market Outlook (2020- 2025)

• The Impact of COVID-19 on the Global Market

• Market Drivers and Success Factors

• Value Chain

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Report:

https://www.imarcgroup.com/pet-wearable-market 

https://www.imarcgroup.com/smart-building-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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