A Wearable Patch Market, by Technology (Connected and Regular), by Application (Monitoring, Drug Delivery, and Diagnostics), by End User (Healthcare and Fitness & Sports), and by Region (North America, Latin America, Europe

Wearable Patch Market, by Technology (Connected and Regular), by Application (Monitoring, Drug Delivery, and Diagnostics), by End User (Healthcare and Fitness & Sports), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Wearable patches can be attached to the skin or can be worn for 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 patch in Nicotine Replacement Therapy (NRT) and anti-aging patches. The connected wearable patches feature wireless connectivity in addition to the features 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 growth of the market.
Market Dynamics
Increasing adoption of inorganic growth strategies such as acquisitions and collaborations by key players operating in the market are expected to propel the market growth over the forecast period. For instance, in June 2018, LifeSignals, Inc. entered into a collaboration with INQCEL, a California-based physical and virtual innovation lab and Dreamtech, a contract manufacturing organization, to receive support for development and manufacturing of new biosensor wearable based on the Lifesignal Processor (LSP). Under this collaboration, Dreamtech provides LSP-centric design and contract manufacturing services, and INQCEL provides services and application-based support tools to develop clinical and consumer grade wearable patch.
Key features of the study:
This report provides in-depth analysis of the global wearable patch market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 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 overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
Key companies covered as a part of this study include Medtronic Plc, Hill-Rom Holdings, Inc. (Welch Allyn), iRhythm Technologies, Inc., AliveCor, Inc., Vivalnk, Inc., Cardiac Insight Inc., VitalConnect, LifeSignals, Inc., L’oreal Group, Dexcom, Inc., GENTAG, Inc., Abbott Laboratories, and Koninklijke Philips N.V.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology 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 Wearable Patch Market, By Region:
North America
By Technology:
Connected
Regular
By Application:
Monitoring
Drug Delivery
Diagnostics
By End User:
Healthcare
Fitness & Sports
By Country:
U.S.
Canada
Latin America
By Technology:
Connected
Regular
By Application:
Monitoring
Drug Delivery
Diagnostics
By End User:
Healthcare
Fitness & Sports
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Technology:
Connected
Regular
By Application:
Monitoring
Drug Delivery
Diagnostics
By End User:
Healthcare
Fitness & Sports
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Technology:
Connected
Regular
By Application:
Monitoring
Drug Delivery
Diagnostics
By End User:
Healthcare
Fitness & Sports
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Technology:
Connected
Regular
By Application:
Monitoring
Drug Delivery
Diagnostics
By End User:
Healthcare
Fitness & Sports
By Country:
GCC
Israel
Rest of Middle East
Africa
By Technology:
Connected
Regular
By Application:
Monitoring
Drug Delivery
Diagnostics
By End User:
Healthcare
Fitness & Sports
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Medtronic Plc *
Company Overview
Material Portfolio
Financial Performance
Key Highlights
Market Strategies
Hill-Rom Holdings, Inc. (Welch Allyn)
iRhythm 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.