Impact of Sensor Patch Market on Top Key Players - PowerPoint PPT Presentation

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Impact of Sensor Patch Market on Top Key Players

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The overall sensor patch market is expected to grow from USD 1.2 billion in 2020 to USD 6.4 billion by 2025, at a CAGR of 40.5%. The sensor patch market is currently dominated by Abbott Laboratories (US), iRhythm Technologies, Inc. (US), DexCom, Inc. (US), Medtronic PLC (Ireland),. – PowerPoint PPT presentation

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Title: Impact of Sensor Patch Market on Top Key Players


1
MarketsandMarkets Presents

Impact of Sensor Patch Market on Top Key Players
Sensor Patch Market by Product (Temperature,
Blood Glucose, Blood Pressure, Heart Rate, ECG,
Blood Oxygen), Application (Monitoring,
Diagnostics), Wearable Type (Wristwear, Neckwear,
Bodywear), End-user Industry, and Region - Global
Forecast to 2025 https//www.marketsandmarkets.co
m/Market-Reports/sensor-patch-market-50239064.html
2
The overall sensor patch market is expected to
grow from USD 1.2 billion in 2020 to USD 6.4
billion by 2025, at a CAGR of 40.5. The growth
of this market is mainly driven by the rising
demand for portable medical devices and wearable
sensors, increasing elderly population, and
growing use of sensor patches to monitor glucose
level. The growing adoption of telehealth and
advancements in wearable solutions and digital
technologies provide major opportunities for the
growth of the sensor patch market. Browse 104
market data Tables and 47 Figures spread
through 178 Pages and in-depth TOC on "Sensor
Patch Market - Global Forecast to 2025"
3
The sensor patch market is currently dominated
by Abbott Laboratories (US), iRhythm
Technologies, Inc. (US), DexCom, Inc. (US),
Medtronic PLC (Ireland), Texas Instruments Inc.
(US), Proteus Digital Health, Inc. (US), Gentag,
Inc. (US), Kenzen, Inc. (US), VitalConnect, Inc.
(US), and Preventice Solutions, Inc. (US).
Several major companies have adoptedboth organic
and inorganic growth strategiessuch asproduct
launches, collaborations, contracts,
acquisitions, partnerships, agreements, and joint
ventures toincrease their revenue.
4
Top 2 players in the sensor patch market Abbott
Laboratories (US) is one of the healthcare
leaders that helps people live more fully at all
stages of life by offering life-changing
technologies with leading businesses and products
in diagnostics, medical devices, nutritionals,
and branded generic medicines worldwide. To
maintain its leadership position in the global
sensor patch market, the company focuses on
acquisitions and new product launches. In July
2017, the company collaborated with Bigfoot
Biomedical Inc. (US), a leading player in
diabetes management. With this collaboration,
both companies will be working together for the
development of the Freestyle Librewearable patch
to diversify its application areas. In September
2017, the company acquired Alere Inc. (US), a
leading point-of-care diagnostics company, to
expand its global presence. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id50239064
5
Top 2 players in the sensor patch market DexCom,
Inc. (US) is a leading medical devices
manufacturing company that develops and markets
continuous glucose monitoring (CGM) products and
tools for adult and pediatric people with
diabetes. The company operates under one single
segment offering G6 sensor and G6 Mobile systems
that include a reusable transmitter, a receiver,
disposable sensors, and mobile applications. To
maintain its competitive position in the market,
the company has adopted inorganic growth
strategiessuch as partnerships and collaboration.
For instance, in June 2019, the company
collaborated with Companion Medical, Inc. (US) to
enable a direct exchange of CGM data from Dexcom
with insulin data from InPen into both companies
software applications. The focus on this strategy
is likely to help the company increase its share
in the sensor patch market. Ask for PDF
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id50239064
6
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