Global Sensor Patch Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types, and its applications are increasing across the globe. A Sensor Patch is typically radio frequency identification (RFID) activated that could easily be attached to the human skin for monitoring health conditions. It is also used for diagnosis as it has a different advantage of chronological monitoring of biomarkers in sweat. For the health monitoring purposes, consumers are choosing wearable devices.
Additionally, the established economies offer the healthcare expenditure to develop the sensor which driving the sensor patch market in upcoming years. Sensors patches as per requirement can produce analytics to alert doctors about the signs of life threating diseases such as heart failure, stroke, kidney failure, etc. It proves as an asset for the patients to manage the critical conditions such as Parkinson’s disease, or rheumatoid arthritis.
Sensor Patch Market is categorized based on product type, applications, end users, and geography. The market is categorized based on product types such as Blood Oxygen Temperature, Heart Rate, Blood Pressure/Flow, Blood Glucose, ECG. The ECG sensor patch segment is expected to grow high in upcoming period. Due to an increasing consumers’ awareness regarding wearable devices primarily for fitness applications. Lightweight, Flexible, and connected sensor patches offer conveniences to sports players.
Sensor Patch Market is categorized based on application into Diagnostic, Wellness and Fitness, Monitoring, Imaging, Medical therapeutics, others. This industry is categorized based on end users into Healthcare, and Fitness and Sports. The market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
North America has been at the forefront with regards to Sensor Patch Industry and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Sensor Patch Market include DexCom, Inc. Feeligreen SA, IsansysLifecare Ltd., MTG Co., Ltd., Abbott Laboratories, G-Tech Medical, Inc., HIVOX BIOTEK INC., Hocoma AG, Kenzen, Inc., Gentag, Inc., iRhythm Technologies, Inc., MC 10, Inc., Medtronic plc, Leaf Healthcare, Inc., and Frontier Smart Technologies Group Ltd., among others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Sensor Patch in these regions, from 2012 to 2022 (forecast), covering
• United States
• South Korea
Global Sensor Patch market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Abbott Laboratories (US)
• Irhythm Technologies, Inc. (US)
• Dexcom, Inc. (US)
• Medtronic PLC (US)
• Texas Instruments Incorporated (US)
• Proteus Digital Health Inc. (US)
• Gentag, Inc. (US)
• Kenzen Inc. (US)
• Vitalconnect Inc. (US)
• Smartrac N.V. (Netherlands)
• Nanosonic Inc. (US)
• Isansys Lifecare Ltd.(UK)
• Leaf Healthcare Inc. (US)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Temperature Sensor Patch
• Blood Glucose Sensor Patch
• Blood Pressure/Flow Sensor Patch
• Heart Rate Sensor Patch
• ECG Sensor Patch
• Blood Oxygen Sensor Patch
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Fitness and Sports
Research Support Specialist, USA