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