Sensor Patch Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Increasing consumer inclination towards wearable devices for diagnosis, growing drift of IoT, and rapid development in automation industry are some factors driving the growth of the market.
Sensor Patch market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Sensor Patch market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Sensor Patch, is a small device in resemblance to a chip which is activated by the radio frequency identification (RFID) which is adhered to the human skin in order to detect the physiological changes occurring in the human body. It is extensively used in childcare, geriatric care, and long haul therapeutic care. It is used for a diagnostic purpose which is mostly preferred by the consumers to diagnose their health conditions. Medical patches and sensors are becoming more and more popular among athletes as they comfortably adheres users skin do not interfere with the individuals movement and therefore can record more accurate data. The device consists of multiple sensors enabling analysis and monitoring of various physiological conditions such as heart rate, respiration, activity and sleep patterns etc. along with tracking alterations in patient response to medication. The global market for sensors patches is expected to witness higher growth rates over the forecast period attributed to increasing trend towards remote patient monitoring.
Increasing per capita healthcare expenditure, and ease of use of ECG sensor patch due to its wireless connectivity that would drive the convenience to patient during sleep, personal hygiene, or medical care. Diagnostics application of sensor patch is now being accepted is the big scope in the healthcare industry as the current and historical data gathered by sensor patches assist clinicians with precise diagnostics. There is increasing scope for diagnostics sensor patches in childcare as infants (a baby) cannot communicate about their health status also. Moreover, increasing average life expectancy of the population worldwide, coupled with the aggravated prevalence of heart-related diseases and diabetes is driving the market for the monitoring application. According to Center for Disease Control and Prevention, in U.S. around 30.3 million people have diabetes (9.4% of the U.S. population) in 2017. This in terms increases the demand for sensor patch market. However, increased health insurance portability and accountability compliances can hinder the growth of the market. Additionally, advancement of different analytic innovations is relied upon to help the development of the sensor patch market provides lucrative opportunity to the growth of the market.
Key Players of Sensor Patch Market are like Abbott Laboratories, DexCom, Inc. Feeligreen SA, Frontier Smart Technologies Group Ltd., Gentag, Inc., G-Tech Medical, Inc., HIVOX BIOTEK INC., Hocoma AG, iRhythm Technologies, Inc., Isansys Lifecare Ltd., Kenzen, Inc., Leaf Healthcare, Inc., MC 10, Inc., Medtronic plc, and MTG Co., Ltd., and others.
Global Sensor Patch Market Segmentation
Product Type
• Temperature Sensor Patch
• Blood Glucose Sensor Patch
• Blood Pressure/Flow Sensor Patch
• Heart Rate Sensor Patch
• ECG Sensor Patch
• Blood Oxygen Sensor Patch
• Others
By Applications
• Monitoring
• Diagnostics
By End-Users
• Healthcare
• Fitness and Sports
• Others
Regional & Country Level
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Germany
o Italy
• Asia Pacific
o China
o Japan
o India
o Southeast Asia
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o GCC
o Africa
o Rest of Middle East and Africa
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