Wearable Patch Market, by Technology (Connected, Regular) by Application (Monitoring, Drug Delivery Diagnostics) by End User (Healthcare, Fitness & Sports), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Wearable patches can be attached to the skin or can be worn for a few hours to a couple of weeks. These patches are becoming popular and can be used for drug delivery, patient monitoring, and diagnosing purpose. These patches are also been used for the treatment and delivery of medication such as nicotine patches in Nicotine Replacement Therapy (NRT) and anti-aging patches. The connected wearable patches feature wireless connectivity in addition to the feature of regular wearable patches that help in monitoring the health of an individual and delivering drugs accordingly. Features such as continuous monitoring of patients' body activity coupled with precise data, minimal interference with body movements, and easy connectivity with the various smartphones are some of the pivotal factors that are expected to drive the growth of the market.
Market Dynamics
Increasing adoption of organic growth strategies, such as product launches by key players in the market to expand their product portfolio, is expected to drive the market growth over the forecast period. For instance, in May 2020, Philips, a health technology manufacturer, announced it had received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its wearable biosensor (Philips Biosensor BX100) to help manage confirmed and suspected COVID-19 patients in the hospital. The next-generation wireless wearable biosensor enhances clinical surveillance in the Philips patient deterioration detection solution to help clinicians detect risk so they can intervene earlier and help improve care for patients in lower acuity care areas.
Key features of the study:
This report provides in-depth analysis of the global wearable patch market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global wearable patch market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study are Medtronic Plc, Hill-Rom Holdings, Inc. (Welch Allyn), iRythm Technologies, Inc., AliveCor, Inc., Vivalnk, Inc., Cardiac Insight Inc., VitalConnect, LifeSignals, Inc., L’oreal Group, Dexcom, Inc., GENTAG, Inc., Abbott Laboratories, Koninklijke Philips N.V. and other prominent players.
Insights from this report will allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global wearable patch market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wearable patch market
Detailed Segmentation:
Global Wearable Patch Market, By Technology:
Connected
Regular
Global Wearable Patch Market, By Application:
Monitoring
Drug Delivery
Diagnostics
Global Wearable Patch Market, By End User:
Healthcare
Fitness & Sports
Global Infection Surveillance Market, By Region:
North America
By Country:
U.S.
Canada
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Country:
GCC
Israel
Rest of Middle East
Africa
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Medtronic Plc*
Company Highlights
Products Portfolio
Key Highlights
Financial Performance
Strategies
Hill-Rom Holdings, Inc. (Welch Allyn)
iRythm Technologies, Inc.
AliveCor, Inc.
Vivalnk, Inc.
Cardiac Insight Inc.
VitalConnect
LifeSignals, Inc.
L’oreal Group
Dexcom, Inc.
GENTAG, Inc.
Abbott Laboratories
Koninklijke Philips N.V.
“*” marked represents similar segmentation in other categories in the respective section.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Technology
Market Snapshot, By Application
Market Snapshot, By End User
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Impact Analysis
Key Highlights
Product Launch
Technological Advancements
PEST Analysis
Regulatory Scenario
Mergers and Acquisitions
4. Global Wearable Patch Market- Impact of Coronavirus (Covid-19) Pandemic
Economic Impact
COVID-19 Epidemiology
Impact on Supply and Demand
5. Global Wearable Patch Market, By Technology, 2017 – 2030, (US$ Million)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segment Trends
Connected
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
Regular
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
6. Global Wearable Patch Market, By Application, 2017 – 2030, (US$ Million)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segment Trends
Monitoring
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
Drug Delivery
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
Diagnostics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
7. Global Wearable Patch Market, By End User, 2017 – 2030, (US$ Million)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segments Trends
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
Fitness & Sports
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
8. Global Wearable Patch Market, By Region, 2017 – 2030, (US$ Million)
Introduction
Market Share Analysis, By Region, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Regions, 2017–2030
Regional Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
GCC
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2017 – 2030, (US$ Million)
North Africa
Central Africa
South Africa
9. Competitive Landscape
Medtronic Plc*
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Hill-Rom Holdings, Inc. (Welch Allyn)
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
iRythm Technologies, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
AliveCor, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Vivalnk, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Cardiac Insight Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
VitalConnect
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
LifeSignals, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
L’oreal Group
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Dexcom, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
GENTAG, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Abbott Laboratories
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Koninklijke Philips N.V.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
10. Section
Research Methodology
About Us
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