We have produced a new premium report Wearable Patch Market. The report covers the analysis of global as well as regional markets of Wearable Patch. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Wearable Patch Market by product (temperature patch, blood glucose patch, blood pressure patch, heart rate patch, ecg patch and blood oxygen patch), technology (connected and regular), application (clinical and non-clinical) and end-user (healthcare and fitness and sports) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Wearable Patch Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Wearable Patch Market are Abbott Laboratories, Insluet, Gentag, Proteus Digital Health, Nemaura Medical, OmniPod, HIVOX, X2 Biosystems and Kenzen.
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North America to dominate the global wearable smart patch market through 2018-2024
U.S and Canada are key regions attributing to the growth of North America region. Much of the region’s growth is due to the increase in the number of health conscious individuals. Also, these patches have extensive usage among athletes, working professionals and individual consumers. Furthermore, most of the major manufacturers of wearable smart patch are from these region which increases the chances of product penetration/adoption among the people.
Asia Pacific is expected to grow at the highest CAGR, owing to increasing awareness about wearable patch and rising disposable income.
Advance Feature like continuous monitoring of patients body and minimal interference with body movements to drive market growth.
Features such as continuous monitoring of patients body coupled with precise data, minimal interference with body movements and easy connectivity with the various smart phones are some of the pivotal factor that are driving the growth of the market. In addition rise in number of lifestyle diseases too fuel the market growth.
Increasing acceptance of wearable patches to create growth opportunities in near future
Wearable patches is relatively new technology. People living in developed region are more aware about the wearable smart patch. Increasing acceptance of wearable patches in emerging countries and increase adoption towards healthy lifestyle to create lucrative opportunities for wearable patches market. Besides this new technological innovations in wearable smart patches with new add-on features too could create a demand for wearable smart patches.
MC10’s BioStamp nPoint Biometric Recording System gets FDA Approval
BioStampRC device is a wearable smart patch that is stuck to the patient’s body. It can then continuously record parameters such as the heart rate, step count and movements during sleep. It is primarily used for patient monitoring, however it is also used for clinical studies that keeps a close eye on patient vitals. These devices comes with a smartphone for the patient that has a matching app to guide users on how to apply the sensor, do specific routines, and anything else related to their particular study or health situation.
Major Key Players mentioned in this Premium Report
The report provides profiles of the companies in the global wearable patch market such as, Abbott Laboratories, Insluet, Gentag, Proteus Digital Health, Nemaura Medical, OmniPod, HIVOX, X2 Biosystems and Kenzen.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global wearable patch market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of wearable patch market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the wearable patch market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the wearable patch market to understand the present and future trends in this market and formulate their strategies accordingly.