Sensor Patch Market worth $6.4 Billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, May 18, 2020 /PRNewswire/ -- According to the new research report on the "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", published by MarketsandMarkets™, the 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.

Ask for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50239064

Bodywear to witness highest CAGR during 2020–2025

The market for bodywear is expected to grow at the highest CAGR during the forecast period. The significant growth rate of the market can be attributed to the increasing demand for bodywear patches to track the medical records of patients or sportspeople. Bodywear devices such as chest straps and smart patches are worn on the chest and arms for monitoring fitness. Moreover, wearable sensors are very small and can be integrated into smart patches to help the users achieve daily fitness goals and monitor health conditions.

Fitness and sports end-user industry expected to exhibit higher CAGR in sensor patch market from 2020 to 2025

The sensor patch market for fitness and sports end-user industry is expected to grow at a higher CAGR from 2020 to 2025. Sensor patches transform the way athletes train, perform, and recover from injuries. The increasing average life expectancy of the population worldwide would further drive the growth of the sensor patch market in the fitness and sports industry. Leading teams from different sports have started adopting wearable sensor patches and have shown positive results in increasing potential, performance, energy management, and reduction in injuries.

Browse in-depth TOC on "Sensor Patch Market"

104 – Tables
47 – Figures
178 – Pages

Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=50239064

Increasing per capita healthcare expenditure and disposable incomes to boost demand for sensor patches in APAC during forecast period

The sensor patch market in APAC is expected to grow at the highest CAGR during the forecast period. The growing need for the implementation and integration of medical devices and healthcare IT solutions in Asia to provide cost-effective and quality clinical care to patients drives the regional market for sensor patches. As a result, many global wearable solution companies are investing in the Asian market to capitalize on the growing opportunities. In addition, the COVID-19 outbreak has resulted in an increased patient pool in the region, especially in China and India. The growing patient volume, along with the rising need for accurate and timely diagnosis and treatment of this disease, will fuel the growth of the sensor patch market in APAC.

Key players in the sensor patch market are 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).

Related Reports:

Medical Sensors Market by Sensors Type (Pressure, Temperature, Blood Oxygen, Blood Glucose, Ingestible), Application (Monitoring, Diagnostic Imaging, Medical Implants), Product (Invasive, Non-Invasive), and Geography - Global Forecast to 2025

Biosensors Market by Type (Sensor patch and embedded device), Product (Wearable and nonwearable), Technology (Electrochemical and optical), Application (POC, Home Diagnostics, Research Lab, Food & Beverages), and Geography - Global Forecast to 2024

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]  
Visit Our Web Site: https://www.marketsandmarkets.com  
Research Insight : https://www.marketsandmarkets.com/ResearchInsight/sensor-patch-market.asp 
Content Source : https://www.marketsandmarkets.com/PressReleases/sensor-patch.asp

SOURCE MarketsandMarkets