Connected Wearable Patches Market Prophesied to Grow at a Faster Pace by 2026
Global Connected Wearable Patches Market was valued US$ 1.3Bn in 2017 and is anticipated to reach US$ 37.39Bn by 2026 at a CAGR of about 37.39% during a forecast.
Global Connected Wearable Patches is segmented by Product Type, by Application and by region. Based on Product Type, Connected Wearable Patches is divided into Clinical Use & Non-Clinical Use. By Application are classified in Monitoring, Detection and Diagnosis, Managing and Treatment, Health, Wellness and Prevention & Clinical Trials. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Driving factors for the connected wearable patches is increasing concern among people related to their health, patients can monitor their own health from home or on the go, educating themselves and making own decisions on issues that affect their bodies, access to in-depth information when monitoring a chronic disease or making a diagnosis and lower the healthcare costs will make more demand in connected wearable patches.
Limited functionality and low level of comfort can hamper the growth of Connected Wearable Patches.
In terms of Product Type, Clinical Use segment share highest market during the forecast period. In clinical it helps to gather information at regular intervals and transmit the data to connected devices such as smartphones and laptops, physicians and nurses have access to a real-time, continuous flow of data, allowing trends to be detected, which can prevent patient deterioration. Technological advancement to enhance the connected wearable patches with more features and data accuracy is expected to bring new growth opportunities for the market in the coming future.
Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Increasing demand for technologically advanced medical devices and monitoring devices that can be used in homes for the growing aging population, rise in demand for improved lifestyle and rising health concern and pollution in Asia Pacific will have more opportunities in these region.
iRhythm, Sensium Healthcare, Vancive Medical, Medtronic/Zephyr Technology, G-Tech Medical, Gentag Inc., Preventice Inc., Proteus Digital Health, DexCom, Abbott Laboratories, Bloomlife, Chrono Therapeutics, Dexcom, Eccrine Clinical Use, Feeligreen, Gentag, Isansys Lifecare, Kenzen, Leaf Healthcare, MC10, Medtronic, Nemaura Medical, Philips Healthcare, Preventice Technologies, Proteus Digital, Qualcomm Life, TempTraq (Blue Spark Technologies), Theranica Bio-Electronics, Vancive Medical Technologies, VitalConnect.
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scope of the Global Connected Wearable Patches Market:
Global Connected Wearable Patches: By Product Type
Global Connected Wearable Patches: By Application
Monitoring, Detection and Diagnosis
Managing and Treatment
Wellness and Prevention
Global Connected Wearable Patches: By region
Middle East & Africa
Key Player analysed in Global Connected Wearable Patches Market:
Proteus Digital Health
TempTraq (Blue Spark Technologies)
Vancive Medical Technologies