The mounting demands for portable medical devices and wearable sensors as well as rising number of elderly population are the significant factors for the growth of the sensor patch market across the globe. The sensor patches are broadly incorporated for observing purposes across different enterprises, which includes wellness and games as well as human services is creating lucrative opportunities for the sensor patch market in the forecast period.
MARKET DYNAMICS
The growing application of sensor patches to monitor glucose level is driving the growth of the sensor patch market. However, the Health Insurance Portability and Accountability Act (HIPAA) compliances may restrain the growth of the sensor patch market. Furthermore, the rising advancements in wearable solutions and digital technologies, is anticipated to create market opportunities for the sensor patch market during the forecast period.
MARKET SCOPE
The "Global Sensor patch Market Analysis to 2028" is a specialized and in-depth study of the sensor patch market with a special focus on the global market trend analysis. The report aims to provide an overview of sensor patch market with detailed market segmentation by technology, product type, wearable type, application, end user, and geography. The global sensor patch market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sensor patch market players and offers key trends and opportunities in the sensor patch market.
MARKET SEGMENTATION
The global sensor patch market is segmented on the basis of technology, product type, wearable type, application, and end user. On the basis of technology, the market is segmented as Amperometric, Conductometric, and Potentiometric. Based on product type the market is segmented into Temperature Sensor Patch, Blood Glucose Sensor Patch, Blood Pressure/Flow Sensor Patch, Heart Rate Sensor Patch, ECG Sensor PAtch, and Others. On the basis of wearable type the market is fragmented into Bodywear, Neckwear, Wristwear, and Footwear. Based on application the market is fragmented into Medical Therapeutic, Monitoring, and Diagnostics. Similarly, on the basis of end user, the market is segmented as Healthcare, Fitness and Sports, Diagnostic Laboratories, and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global sensor patch market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sensor patch market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting sensor patch market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the sensor patch market in these regions.
MARKET PLAYERS
The reports cover key developments in the sensor patch market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from sensor patch market are anticipated to lucrative growth opportunities in the future with the rising demand for sensor patch market. Below mentioned is the list of few companies engaged in the sensor patch market.
The report also includes the profiles of key sensor patch market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott Laboratories
- DexCom, Inc.
- Gentag, Inc.
- iRhythm Technologies, Inc.
- Kenzen, Inc.
- Medtronic plc
- Preventice Solutions, Inc.
- Proteus Digital Health, Inc.
- Texas Instruments Incorporated
- Vital Connect, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.