The market of Wearable Patch is anticipated to grow at a significant CAGR during forecast period. Advanced medical bandages worn on the body for illness monitoring, drug delivery, diagnosis, and patient well-being are referred to as wearable patches. Sensors, actuators, energy storage and communication systems are among the electronic components found in the patches. They capture data at regular intervals and send it to smartphones or health information systems (HIS).
Sweat analyzing patches, pain-relieving patches, nicotine and alcohol detection patches, and sensor patches for monitoring temperature, heart rate, blood glucose, blood pressure, and oxygen levels are among the most regularly used wearable patches. They’re small and flexible, allowing for continuous or semi-constant monitoring of physiological parameters as well as a variety of sophisticated ECG tests without attaching the patient to a wired hub.
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One of the important reasons driving the market’s growth is the rising prevalence of lifestyle diseases and chronic medical disorders such as diabetes, cardiovascular diseases (CVDs), and hyperglycemia. Furthermore, increased health awareness among the general public is boosting market growth. Wearable patches are used to track sporting activities via fitness bands, smartwatches, and HIS, as well as for early identification of illnesses.
Other growth-inducing variables include technical improvements such as the development of customised skin patches that monitor an individual’s exposure to ultraviolet (UV) radiation, pollution, pollen, and humidity. Manufacturers are also working on novel wearable cosmetic patches that can be used in conjunction with melanoma treatments such as chemotherapy and radiotherapy. Other reasons, such as an ageing population, rising healthcare costs, and considerable advances in healthcare infrastructure, particularly in developing nations, are expected to propel the market expansion.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Technology
- By Application
Competitive Landscape:
AliveCor Inc, VivaLNK Inc, Cardiac Insight Inc, VitalConnect, LifeSignals Inc and others.
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Wearable Patch Market- Segmentation
By Technology
- Regular Wearable
- Connected Wearables
By Application
- Clinical
- Non-Clinical
Global Wearable Patch Market – By Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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