Wearable Patch Market by Technology, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR43181
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The wearable patch market has the potential to grow by USD 5.48 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.42%.

This wearable patch market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing prevalence of chronic diseases is notably driving the wearable patch market growth, although factors such as concerns regarding data privacy and security may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the wearable patch industry get your FREE report sample now.

This report provides extensive insights on segmentation by technology (regular and connected), application (clinical and non-clinical), and geography (North America, Europe, APAC, MEA, and South America). The wearable patch market report also offers information on several market vendors, including Abbott Laboratories, DarioHealth Corp., GENTAG Inc., Insulet Corp., Kenzen Inc., Koninklijke Philips NV, MTG Co. Ltd., Nemaura Medical Inc., Otsuka Holdings Co. Ltd., and Prevent Biometrics among others.

What will the Wearable Patch Market Size be in 2021?

Wearable-Patch-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Wearable Patch Market

 Get Your FREE Sample Now!

Wearable Patch Market: Key Drivers and Trends

  • The growing prevalence of chronic diseases and generally incurable conditions, such as cancer, cardiovascular conditions, diabetes, and asthma, is driving the demand for wearable patches.
  • Consumers and physicians have started using wearable devices that allow remote monitoring of health and the administration of medicines.
  • With the aim of making healthcare services accessible to people in remote areas, healthcare providers are increasingly using wearable patches to remotely monitor the health of patients.
  • Moreover, with the growing population of people aged 60 years and above, the need for wearable patches by this segment of the population is increasing in remote locations.
  • Wearable devices are beneficial for hospitals and patients, and with the increasing prevalence of chronic diseases, the use of mobile healthcare devices across the world will increase.
  • The benefits of wearable patches for providers and patients is one of the significant factors fueling the market growth.
  • In addition to monitoring diseases or abnormal changes in a body, these patches help in maintaining the physical health of users by tracking their daily activities and providing recommendations.
  • These patches are easy to use daily and can be concealed under clothes; they do not hamper movement or day-to-day tasks.
  • Moreover, these wearable patches are wireless and have great connectivity. They can be easily connected to devices through Bluetooth and are compatible with most mobile OS.
  • Hence, wearable patches have become a preferred alternative to physicians and are gaining popularity like fitness bands and smartwatches.

This wearable patch market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Wearable Patch Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • DarioHealth Corp.
  • GENTAG Inc.
  • Insulet Corp.
  • Kenzen Inc.
  • Koninklijke Philips NV
  • MTG Co. Ltd.
  • Nemaura Medical Inc.
  • Otsuka Holdings Co. Ltd.
  • Prevent Biometrics

 

The wearable patch market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the wearable patch market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Wearable Patch Market?

Wearable-Patch-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

46% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for wearable patches in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The rising number of health-conscious individuals will facilitate the wearable patch market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Technology Segments in the Wearable Patch Market?

Wearable-Patch-Market-Market-Share-by-Technology-2020-2025

To gain further insights on the market contribution of various segments Request for a FREE sample

The wearable patch market share growth by the regular segment will be significant during the forecast period. Regular wearable patches are typically adhesive-backed medical device that is directly applied to the skin of the user and data is collected at intervals when required. Regular patches are used in a wide range of products intended typically for single use and, in some cases, long-term wear. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the wearable patch market size.

 

Event-Tickets-Market-Report

Request for a FREE sample

What are the Key Factors Covered in this Wearable Patch Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive wearable patch market growth during the next five years
  • Precise estimation of the wearable patch market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wearable patch industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wearable patch market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Wearable Patch Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 12%

Market growth 2021-2025

$ 5.48 billion

Market structure

Fragmented

YoY growth (%)

11.35

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 46%

Key consumer countries

US, Germany, Canada, UK, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Laboratories, DarioHealth Corp., GENTAG Inc., Insulet Corp., Kenzen Inc., Koninklijke Philips NV, MTG Co. Ltd., Nemaura Medical Inc., Otsuka Holdings Co. Ltd., and Prevent Biometrics

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The wearable patch market growth will increase by $5964.91 million during 2019-2024.
The wearable patch market is expected to grow at a CAGR of 22.06% during 2019-2024.
Technavio has segmented the wearable patch market by technology (Regular and Connected) and geographic (North America, Europe, APAC, and South America).
Abbott Laboratories, Delta Electronics Inc., Gentag Inc., Insulet Corp., Kenzen Inc., MTG UK Co. Ltd., Nemaura Medical Inc., Prevent Biometrics, Proteus Digital Health Inc., UpRight Technologies Ltd. are a few of the key vendors in the wearable patch market.
North America will register the highest growth rate of 46.94% among the other regions. Therefore, the wearable patch market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the wearable patch market growth are:
  • Growing prevalence of chronic diseases
  • Increasing demand for cloud-based solutions
The wearable patch market vendors should focus on grabbing business opportunities from the regular segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase

Technavio's SUBSCRIPTION platform

Register for a free trial today and gain instant access to 17,000+ market research reports.

START YOUR FREE TRIAL

Enquire Before Buying
  1. Home
  2. Communication Services
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>