Sensor Patch Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Sensor Patch
Market. Market Insights The global sensor patch
market is expected to grow at a CAGR of 40.9
over the forecast period mainly due to the
rising per capita health expenditure and net
disposable income of the OECD countries.
Moreover, the increasing adoption of fitness
wearables among the consumers to track their
fitness activities is also anticipated to drive
the market growth. However, policies such as the
Health Insurance Portability and Accountability
Act (HIPAA) act as restraints for the market
growth. The information generated by different
device manufacturers and mobile app makers are
protected under HIPAA regulations. Thus, the
business entities need to follow the HIPAA
compliances while they work towards making
innovations.
Sensor Patch Market Product Insights Based on
products, the global sensor patch market is
segmented into blood glucose sensor patch, blood
pressure/flow sensor patch, temperature sensor
patch, heart rate sensor patch, ECG sensor
patch, and blood oxygen sensor patch among
others. The market for blood glucose sensor
patch is expected to occupy the highest market
share attributing to increasing count of
diabetic patients across the world. Diabetic
patients need to check their blood glucose level
on a regular basis so as to keep it under
control. Thus, the increasing demand for
self-testing blood glucose devices is projected
to stimulate market growth over the coming years.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Sensor Patch Market Application
Insights By application, sensor patch market is
segmented into monitoring and diagnostics. The
diagnostic application of the product is
expected to grow significantly due to its
increasing adoption by clinicians in healthcare
sectors. The scope for diagnostic sensor patches
is also expected to rise over the forecast
period. Sensor Patch Market Vertical
Insights On the basis of vertical, the sensor
patch market is divided into Healthcare, and
Fitness Sports. The healthcare sector is
expected to hold the largest share over the
coming years owing to the growing adoption of
the product. Sensor patches makes the
communication between doctors, staff and
patients easier, making it convenient to monitor
the health status of patients. Along with
clinical application there has been an increase
in non-clinical application of the product such
as ambulatory monitoring in home healthcare.
Sensor Patch Market Regional Insights North
America occupied the largest market share in the
global market due to the increasing demand for
monitoring and other advanced medical devices,
particularly by old age population. Moreover,
high RD investment in fitness wearables by
consumers coupled with growing preference for
improved lifestyle is anticipated to contribute
towards the regional growth.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Sensor Patch Market End-Use Landscape
• The end-use landscape entails a list of current
  and prospective consumers prevailing across the
  regions. This section provides company addresses,
  contact details, products, and regional presence
  of companies who are purchasing or are likely to
  purchase sensor patch over the coming years.
  Some leading consumers of this market are
  UnitedHealth Group, Abbott, McKesson, Fitbit and
  Reebok.
• Sensor Patch Market Market Share Competitor
  Analysis
• The global market for this product is expected to
  be significantly large due to the presence of a
  large number of manufacturers. Key players
  operating in the global market include Medtronic,
  Abbott Laboratories, GraphWear, iRhythm
  Technologies Inc., Hocoma AG, and Frontier Smart
  Technologies Group Ltd. among others.
• In October 2016, GraphWear Technologies announced
  its sweat assessment wearable patch, which
  tracks glucose and electrolyte levels by
  analyzing users sweat.
• The report segments the Sensor Patch Market on
  the basis of By Product
• Temperature Sensor Patch
• Blood Glucose Sensor Patch
• Blood Pressure/Flow Sensor Patch
• Heart Rate Sensor Patch
• ECG Sensor Patch
• Blood Oxygen Sensor Patch
• Others

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• By Region
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa

This article contains text from the Sensor
Patch Market Size Analysis Forecasts To 2025
report prepared by Global Market Estimates. For
more information or to buy the report, please
visit https//www.globalmarketestimates.com/senso
r-patch-market/
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