The market of Wearable Wireless Patch Devices Market is anticipated to grow at significant CAGR during forecast period. A wearable wireless patch device is an all-in-one monitor that is utilised to measure heart rate, breathing patterns and other important signs, offering both clinical and consumer healthcare uses.
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The market is being propelled forward by technological developments in wireless wearable patches, an increase in the prevalence of chronic diseases, and a rise in consumer awareness of wireless wearable patches. Wireless wearable patch market expansion is aided by features such as continuous patient monitoring combined with precise data, low interference with body motions, and easier interaction with smartphones. In May 2020, the United States Food and Drug Administration (USFDA) approved Koninklijke Philips N.V.’s Philips Biosensor BX100, a disposable wearable sensor patch that can detect heart rate and respiration rate until a patient is released from an intensive care unit.
Connected wearables are small, have wireless connectivity, and are typically used to track heart rate via Bluetooth. It also makes use of myoelectric technology and a microprocessor controller. Furthermore, these patches are compatible with the majority of mobile operating systems and may be readily connected via Bluetooth. Data is collected at regular intervals by connected wearable patches and transmitted to connected devices such as cellphones and computers. By remotely monitoring patients’ health, they minimise the need for personal consultations with doctors. The wireless wearable patch market’s growth is obstructed by the expensive cost of sensor patches and concern about data privacy and security.
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Market Coverage
- Segment Covered-
o By Type
o By Application
Competitive Landscape:
Koru Lab (Finland), Primo1D (France), Sarvint Technologies Inc (USA), Aztrong Inc. (China)
Blue Spark Technologies (USA) and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wearable Wireless Patch Devices Market- Segmentation
By Type
- Hardware
- Software
- Services
By Application
- Education
- Retail
- Others
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