Market Research Report
United Kingdom Electronic Skin Patches Market Forecast 2021-2025
|United Kingdom Electronic Skin Patches Market Forecast 2021-2025|
Published: January 7, 2021
Content info: 120 Pages
Delivery time: 2-3 business days
The United Kingdom electronic skin patches market is expected to register a CAGR of 18.21%, over the forecast years. Factors, such as the increased prevalence of chronic conditions and lifestyle-associated diseases, the rising geriatric population, and government initiatives, are accredited to the country's market growth. The base year considered for the market study is 2020, and the forecast period is from 2021 to 2025.
The United Kingdom's connected health offers cost-effective solutions for health and social care services. This is mainly due to the surging elderly populace, and the increasing cost of advanced medical treatments. For instance, as per the Office for National Statistics in the United Kingdom, the country's population continues to get older, with 18% aged 65 years, and above. The rising incidence of lifestyle-linked illnesses and chronic conditions increasingly fuel market growth, in terms of therapeutics and continuous monitoring.
On the other hand, the United Kingdom's government continues to introduce numerous initiatives, supporting the adoption of connected health devices. Moreover, these initiatives also help enhance their overall implementation. The National Health Service (NHS) England, has set up the National Information Board (NIB), mainly for encouraging the government's digital health strategy. This would also emphasize its impact on medical staff and the patients. As a result, these factors are anticipated to fuel the United Kingdom electronic skin patches market growth, during the forecast period.
Some of the distinguished companies operating in the market include, DexCom Inc, Abbott Laboratories, Medtronic PLC, Nemaura Medical Inc, etc.