A wearable patch is known as an electronic skin or smart patch. They are used to monitor diseases, diagnosis, and drug delivery, and help in maintaining the health of elderly patients suffering from any chronic disease, such as diabetes.
MARKET DYNAMICS
Wearable Patch market is expected to grow significantly in the coming years, owing to the factors such as growing R&D investment for the development of wearable patches, increasing incidence of chronic diseases such as atrial fibrillation and diabetes, which are causing stroke incidents at a higher rate. High cost of sensor patch might hamper the market growth in the review period.
MARKET SCOPE
The "Wearable Patch Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of wearable patch market with detailed market segmentation by technology, application and region. The wearable patch market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in wearable patch market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The wearable patch market is segmented on the basis of technology, application. Based on technology the market is classified into connected wearable patch, regular wearable patch. Depending on application, the market is classified into monitoring, drug delivery, diagnostics.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Wearable 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 & Central America. The Wearable 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 Wearable Patch market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the Wearable Patch market in these regions.
MARKET PLAYERS
The report covers key developments in the wearable 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 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 wearable patch market are anticipated to have lucrative growth opportunities in the future with the rising demand for wearable patch market in the global market. Below mentioned is the list of few companies engaged in the wearable patch market.
The report also includes the profiles of key players in wearable patch market 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.
-VivaLNK
-Cardiac Insight Inc.
-VitalConnect
-LifeSignals
-Dexcom, Inc.
-GENTAG, Inc.
-Koninklijke Philips N.V.
-Sensium Healthcare Ltd.
-Smith+Nephew, Inc.
-Abbott
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.