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Sensor Patch Market is Growing at a CAGR of 41.2% Through 2027 | Top Key Players – Abbott Laboratories, Dexcom Inc., Irhythm Technologies Inc.

January 11th, 2021 Reports and Data Releases

According to a new report by Reports and Data, the global Sensor Patch market size is expected to reach USD 13.41 Billion from USD 0.85 Billion in 2019, delivering a CAGR of 41.2% through 2027.

The market growth is driven by the growing geriatric population and increasing need for sensor patches among diabetic patients across the globe. Also, an increase in disposable income and consumers’ inclination towards wearable devices for monitoring health are other key factors propelling the sensor patch industry growth.

Prominent Players in the Global Sensor Patch Market:

  • Abbott Laboratories
  • Dexcom, Inc.
  • Irhythm Technologies, Inc.
  • Medtronic PLC
  • Gentag, Inc.
  • Texas Instruments Incorporated
  • Kenzen Inc.
  • Proteus Digital Health, Inc.
  • Preventice Solutions, Inc.
  • Vitalconnect, Inc.

Get Sample Copy of this Report with TOC, Tables and Figures and Outline of Prominent Companies @ https://www.reportsanddata.com/sample-enquiry-form/3218

Diabetes is one of the leading causes of death across the globe. According to the Centre for Disease Control and Prevention, nearly 79,535 individuals die every year due to the disease. The rising prevalence of diabetes is leading to the growing adoption of sensor patches for monitoring blood glucose on a regular basis, which, in turn, is stimulating the blood glucose sensor patch market. As people are becoming more conscious of their health and mindful of their health stats through monitoring and diagnosing, the sensor patch market is anticipated to garner major gains through 2027. However, high product cost, and side-effects like skin rashes and nausea, may limit product adoption.

The ECG sensor patch products are likely to make significant contributions to the sensor patch market revenue share on account of rising consumer awareness regarding wearable devices. Flexible, lightweight, connected sensor patches provide ample convenience to athletes and sports players. These patches are also experiencing high demand from the healthcare sector due to its wireless connectivity and convenience to patients during medical care or sleep.

Wearable sensor patches are gaining major popularity as they save individuals’ health data and regularly display the statistics on a mobile application to help them track or monitor how they are doing, their rest patterns, and physical activities. The monitoring application segment accounted for 42.6% of the sensor patch market in 2019 and is likely to gain major traction through 2027.

Based on wearable type, the bodywear patches are witnessing high demand for healthcare and fitness applications. These wearable sensors are quite small and can be integrated into smart patches to aid the users in achieving daily fitness goals by monitoring their health condition.

In the regional landscape, the Asia Pacific region and is forecast to exhibit the highest growth rate of 42% over the analysis period. The regional industry growth is driven by the implementation of healthcare IT solutions and medical devices to provide cost-effective and quality clinical care to patients in the region.

North America is anticipated to maintain dominance in the industry landscape over the projected timeline on account of the presence of major market players and an increase in the R&D activities for the development of advanced monitoring devices in the region.

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/3218

Sensor Patch Market: Segmentation

For the purpose of this report, Reports and Data has segmented the global Sensor Patch market on the basis of technology, product type, wearable type, application, end-users, and region:

Technology Outlook (Revenue, USD Million; 2017-2027)

  • Conductometric
  • Amperometric
  • Potentiometric

Product Type Outlook (Revenue, USD Million; 2017-2027)

  • Temperature Sensor Patch
  • Blood Glucose Sensor Patch
  • Blood Pressure/Flow Sensor Patch
  • Heart Rate Sensor Patch
  • ECG Sensor Patch
  • Blood Oxygen Sensor Patch
  • Others

Wearable Type Outlook (Revenue, USD Million; 2017-2027)

  • Wristwear
  • Footwear
  • Neckwear
  • Bodywear

Application Outlook (Revenue, USD Million; 2017-2027)

  • Monitoring
  • Diagnostics
  • Medical Therapeutics

End Users Outlook (Revenue, USD Million; 2017-2027)

  • Healthcare
  • Fitness And Sports

Regional Outlook (Revenue, USD Million; 2017-2027)

  • North America
    • U.S
  • Europe
    • U.K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

Click On The Link To Read Key Highlights Of The Report And Look At Projected Trends For Years To Come: https://www.reportsanddata.com/report-detail/sensor-patch-market

Have a Look at Related Reports:

Bone Harvester Market Size, Share & Analysis, By Type (Cancellous Bone Harvesting, Marrow Harvesting), By Application (Public Hospital, Private Hospital, Ambulatory Surgery Centres, Diagnostic Centres) By Region, Forecast To 2027

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Thank you for reading our report. Customization of the report is available according to the requirements of clients. Kindly get in touch with us to know more about the report. 

About Reports and Data                              

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. For more information, visit www.reportsanddata.com.

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