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Acquire Market Research has announced a new report titled “Global Connected Wearable Patches Market Growth 2019-2024” to their offerings

According to this study, over the next five years the Connected Wearable Patches Market will register a 59.5% CAGR in terms of revenue, the global market size will reach US$ 1570 million by 2024, from US$ 95 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Connected Wearable Patches business.

Connected wearable patches include patches, tattoos, or small devices that are affixed to the skin and worn for a limited period of time, ranging from an hour to several weeks. The patches also have an element of wireless connectivity, and have a medical, health, or wellness purpose that can range from monitoring physiological data to delivering medication.

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The drive forces make connected wearable patches commercial are a growth in the number of people with chronic diseases, aging populations and rising healthcare costs. Due to the slow recovery of global economy, more and more governments, insurance companies and care providers are taking this kind of product as a substation of traditional way to monitor, diagnose, and treat patients in order to save medical expense.

Although sales of connected wearable patches products bring a lot of opportunities, the study group recommend the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the connected wearable patches field hastily.

This report presents a comprehensive overview, market shares, and growth opportunities of Connected Wearable Patches market by product type, application, key manufacturers and key regions and countries.

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This study considers the Connected Wearable Patches value and volume generated from the sales of the following segments:

Segmentation by product type:

Clinical Use

Non-Clinical Use

Segmentation by application:

Monitoring, Detection & Diagnosis

Managing & Treatment

Health, Wellness & Prevention

Clinical Trials

This report also splits the market by region:

Americas (United States, Canada, Mexico, Brazil)

APAC( China, Japan, Korea, Southeast Asia, India, Australia)

Europe( Germany, France, UK, Italy, Russia, Spain)

Middle East & Africa( Egypt, South Africa, Israel, Turkey, GCC Countries)

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

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The key manufacturers covered in this report:

IRhythm, Medtronic/Zephyr Technology, Sensium Healthcare, Vancive Medical, Vital Connect, Preventice, Gentag Inc., ILece, Blue Spark, Chrono Therapeutics, Proteus Digital Health, G-Tech Medical, STEMP.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Connected Wearable Patches consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Connected Wearable Patches market by identifying its various subsegments.

Focuses on the key global Connected Wearable Patches manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Connected Wearable Patches with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Connected Wearable Patches submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.