Smart Patch Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2027 | TechSci Research

Global smart patch market is poised to grow at a significant rate by 2027 owing to increasing expenditure on healthcare and rising prevalence of chronic and other lifestyle associated dieses such as diabetes, cardiac disorders, obesity, cancer, blood pressure, etc. Moreover, technological advancement in medical field and rising awareness towards health and fitness is accelerating the demand for smart patches. The growing geriatric population is also contributing to the rising demand for smart patches as it helps to track and monitor a patient’s health through connected smartphone devices.

Smart patches are non-invasive health-monitoring sensors which can stick to the skin surface and can be utilized to measure humidity, temperature, etc. more effectively than other wearable technologies such as smart watches and sports trackers.

The global smart patch market is segmented based on type, technology, application, and region. Based on technology, the market is segmented into connected and regular smart patches. Among them, the regular smart patches segment is anticipated to dominate the market during the forecast period owing to their widespread use for clinical application.

Based on end user, the global smart patch market is categorized into clinical and non-clinical segment. The clinical segment accounted for the largest market share in 2021 and is expected to register the fastest growth by 2027 owing to increasing adoption of smart patches to monitor health and heartbeat of a patient.

The major players operating in the global smart patch market are Abbott Laboratories, Isansys Lifecare Ltd., MC10, Inc., Insulet Corporation, BioTelemetry, Inc., iRhythm Technologies, DexCom, Inc., Kenzen, Gentag, Medtronic plc, AliveCor, Inc., Sensium Healthcare Ltd., HIVOX BIOTEK INC, Chrono Therapeutics Inc and Proteus Digital Health, among others. Leading companies are investing on latest technologies to bring into new and improved products to enhance their product portfolio.

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Objective of the Study:

  • To analyze and estimate the market size of global smart patch market from 2017 to 2020.
  • To estimate and forecast the market size of global smart patch market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast global smart patch market based on type, technology, application, company and regional distribution.
  • To identify dominant region or segment in the global smart patch market.
  • To identify drivers and challenges for global smart patch market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global smart patch market.
  • To conduct pricing analysis for global Smart Patch market.
  • To identify and analyze the profile of leading players operating in global smart patch market.
  • To identify key sustainable strategies adopted by market players in global smart patch market. 


TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of smart patch manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the smart patch manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed hospitals using Smart Patch, ASCs and presence of all major players across the globe.

TechSci Research calculated the market size of global smart patch market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSc Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research. 

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Key Target Audience:

  • Smart patch’ manufacturers/ suppliers/ distributors
  • Hospital centers including clinics & ASCs
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to smart patch

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as smart patch manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Technology

·         Application

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt

Key Companies Profiled

Abbott Laboratories, Isansys Lifecare Ltd., MC10, Inc., Insulet Corporation, BioTelemetry, Inc., iRhythm Technologies, DexCom, Inc., Kenzen, Gentag, Medtronic plc, AliveCor, Inc., Sensium Healthcare Ltd., HIVOX BIOTEK INC, Chrono Therapeutics Inc and Proteus Digital Health.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global smart patch market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Smart Patch Market, By Type:
    • Transdermal Transmission
    • Monitoring
    • Electronic Stimulation
  • Global Smart Patch Market, By Technology:
    • Connected
    • Regular
  • Global Smart Patch Market, By Application:
    • Clinical
    • Non-Clinical
  • Global Smart Patch Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global smart patch market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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