Market Research Report
Sensor Patch - Global Market Outlook (2019-2027)
|Published by||Stratistics Market Research Consulting||Product code||956112|
|Published||Content info||197 Pages
Delivery time: 2-3 business days
|Sensor Patch - Global Market Outlook (2019-2027)|
|Published: August 1, 2020||Content info: 197 Pages||
According to Stratistics MRC, the Global Sensor Patch Market is accounted for $0.86 billion in 2019 and is expected to reach $11.62 billion by 2027 growing at a CAGR of 38.5% during the forecast period. Increasing awareness about telehealth, rising per capita income in healthcare and high demand for portable medical devices and wearable sensors are some of the factors propelling the growth of the market. However, high cost related to diagnoses and various health insurance issues is hampering the growth of the market.
Sensor patches are the type of adhesive patches attached to the body and they help to monitor and diagnose the condition of an individual. Sensor patch is passive UHF, single-chip RFID sensor specially designed to measure moisture conditions in various medical care areas such as geriatric care, long-term medical care, and childcare among others.
Based on the application, the diagnostics segment is anticipated to hold considerable market share during the forecast period due to the increasing number of diagnostic tests for COVID-19 for the integration of the data into health information systems and the increasing number of diagnostic procedures performed globally because of increasing incidences of chronic diseases and the rising geriatric population. By geography, North America is expected to grow at a significant market share during the forecast period owing to the presence of prominent players, increasing investment in R&D activities for the development of advanced monitoring devices, high disposable incomes, and growing adoption of new technology among consumers.
Some of the key players profiled in the Sensor Patch Market include Hocoma AG, Texas Instruments Inc., Smartrac N.V., Proteus Digital Health, Inc., iRhythm Technologies, Inc., NanoSonic, Inc., Medtronic PLC, Vpatch Cardio Pty Ltd., Masimo Corporation, Leaf Healthcare, Inc., Kenzen, Inc., Isansys Lifecare Ltd., MC10, Inc., Humavox Ltd, Preventice Solutions, Inc., Hivox Biotek Inc., Gentag, Inc., DexCom, Inc., Abbott Laboratories, and VitalConnect, Inc.
Product Types Covered:
Wearable Types Covered:
End Users Covered:
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.