PUBLISHER: IMARC | PRODUCT CODE: 1378814
PUBLISHER: IMARC | PRODUCT CODE: 1378814
Wearable Patch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global wearable patch market size reached US$ 11.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.3 Billion by 2028, exhibiting a growth rate (CAGR) of 9.0% during 2022-2028.
Wearable patch refers to smart medical bandages worn on the body for disease monitoring, drug delivery, diagnosis and wellbeing of a patient. The patches consist of various electronic components, such as sensors, actuators and energy storage and communication systems. They collect data at regular intervals and transmit it to the connected smartphones or health information systems (HIS). Some of the commonly used wearable patches include sweat analyzing patches, pain-relieving patches, nicotine and alcohol detection patches and sensor patches for monitoring temperature, heart rate, blood glucose, blood pressure and oxygen levels. They are compact and flexible in nature and facilitate continuous or semi-continuous monitoring of physiological parameters and various complex electrocardiogram measurements without tethering the patient to the wired hub.
Global Wearable Patch Market Trends and Drivers:
The increasing prevalence of lifestyle diseases and chronic medical ailments, such as diabetes, cardiovascular diseases (CVDs) and hyperglycemia, represents one of the key factors driving the growth of the market. Furthermore, rising health consciousness among the masses is also strengthening the market growth. Wearable patches aid in the early diagnosis of ailments and are also used for tracking sports activities through fitness bands, smartwatches and HIS.
Various technological advancements, such as the development of personalized skin patches that monitor the individual's exposure to ultraviolet (UV) rays, pollution, pollen and humidity, are acting as other growth-inducing factors. Product manufacturers are also developing innovative wearable cosmetic patches that can be used for melanoma therapies, including chemotherapy and radiotherapy. Other factors, including rising geriatric population and increasing healthcare expenditures and significant improvements in the healthcare infrastructure, especially in developing countries, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global wearable patch market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on technology and end use.
Breakup by Technology:
Connected
Regular
Breakup by End Use:
Healthcare
Fitness and Sports
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The global wearable patch market is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the major players in the market are:
Abbott Laboratories
Delta Electronics Inc.
Gentag Inc.
Insulet Corp.
iRhythm Technologies Inc.
Kenzen Inc.
MTG UK Co. Ltd.
Nemaura Medical Inc.
UpRight Technologies Ltd.
Key Questions Answered in This Report
- 1. What was the size of the global wearable patch market in 2022?
- 2. What is the expected growth rate of the global wearable patch market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global wearable patch market?
- 4. What are the key factors driving the global wearable patch market?
- 5. What is the breakup of the global wearable patch market based on the technology?
- 6. What are the key regions in the global wearable patch market?
- 7. Who are the key players/companies in the global wearable patch market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Wearable Patch Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Technology
- 6.1 Connected
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Regular
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by End Use
- 7.1 Healthcare
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Fitness and Sports
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Abbott Laboratories
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Delta Electronics Inc.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Gentag Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Insulet Corp.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 iRhythm Technologies Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Kenzen Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 MTG UK Co. Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 Nemaura Medical Inc.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 UpRight Technologies Ltd.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.1 Abbott Laboratories
List of Figures
- Figure 1: Global: Wearable Patch Market: Major Drivers and Challenges
- Figure 2: Global: Wearable Patch Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Wearable Patch Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Wearable Patch Market: Breakup by Technology (in %), 2022
- Figure 5: Global: Wearable Patch Market: Breakup by End Use (in %), 2022
- Figure 6: Global: Wearable Patch Market: Breakup by Region (in %), 2022
- Figure 7: Global: Wearable Patch (Connected) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Wearable Patch (Connected) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Wearable Patch (Regular) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Wearable Patch (Regular) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Wearable Patch (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Wearable Patch (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Wearable Patch (Fitness and Sports) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Wearable Patch (Fitness and Sports) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: North America: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: North America: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: United States: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: United States: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Canada: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Canada: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Asia Pacific: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Asia Pacific: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: China: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: China: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Japan: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Japan: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: India: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: India: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: South Korea: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: South Korea: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Australia: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Australia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Indonesia: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Indonesia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Others: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Europe: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Europe: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Germany: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Germany: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: France: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: France: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: United Kingdom: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: United Kingdom: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Italy: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Italy: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Spain: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Spain: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Russia: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Russia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Latin America: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Latin America: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Brazil: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Brazil: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Mexico: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Mexico: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Middle East and Africa: Wearable Patch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Middle East and Africa: Wearable Patch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Global: Wearable Patch Industry: SWOT Analysis
- Figure 64: Global: Wearable Patch Industry: Value Chain Analysis
- Figure 65: Global: Wearable Patch Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Wearable Patch Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Wearable Patch Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 3: Global: Wearable Patch Market Forecast: Breakup by End Use (in Million US$), 2023-2028
- Table 4: Global: Wearable Patch Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Wearable Patch Market: Competitive Structure
- Table 6: Global: Wearable Patch Market: Key Players
