Wearable patch market to grow by USD 5,653.7 million from 2022 to 2027|Increasing demand for cloud-based solutions to be a major trend - Technavio

NEW YORK, Aug. 3, 2023 /PRNewswire/ -- The wearable patch market is set to grow by USD 5,653.7 million from 2022 to 2027, progressing at a CAGR of 12.02% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing prevalence of chronic diseases. The market growth can be attributed to the presence of US FDA-approved manufacturing facilities in emerging markets, particularly in the APAC region. Furthermore, the market also witnesses the approval of manufacturing facilities in other emerging countries such as China, India, Mexico, and Brazil. Also, foreign pharmaceutical companies outsource their drug manufacturing to CMOs in the country, leading to higher adoption of CMOs. Hence, such factors boost the growth of the wearable patch market during the forecast period. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!

The wearable patch market covers the following areas:

• Wearable Patch Market Sizing
• Wearable Patch Market Forecast
• Wearable Patch Market Analysis

The report on the wearable patch market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Wearable Patch Market 2023-2027 - Market Dynamics

Increasing demand for cloud-based solutions is an emerging wearable patch market trend. Technological advancements result in the field of IT have resulted in increased efficiency and speed in various processes, resulting in the healthcare industry embracing these technologies. Furthermore, due to the implementation of cloud computing, healthcare organizations can access data remotely through wearable patches. Hence, such trends fuel the wearable patch market during the forecast period.

Concerns regarding data privacy and security challenge the growth of the wearable patch market. The healthcare industry has witnessed a surge in cyberattacks. This leads to heightened concerns about privacy and data protection. Furthermore, with the digitization of workflows and the adoption of electronic patient records, the healthcare industry has undergone a significant transformation. Hence, such challenges impede the market growth of the wearable patch market during the forecast period.

Wearable Patch Market 2023-2027: Market Segmentation

This wearable patch market report extensively covers market segmentation by application (clinical and non-clinical), technology (regular and connected), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). 

• The market share growth by the clinical segment will be significant during the forecast period. In monitoring patients' health conditions by collecting data at regular intervals and transmitting it to connected devices like smartphones and laptops, wearables play a crucial role. Furthermore, they provide remote health monitoring, reducing the need for physical consultations with doctors. Hence, such factors fuel the growth of the clinical segment of the wearable patch market during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• 2M Engineering Ltd.
• Abbott Laboratories
• Apple Inc.
• Beneli AB
• Biofourmis Inc.
• DarioHealth Corp.
• Dassault Systemes SE
• DuPont de Nemours Inc.
• Eoflow Co. Ltd.
• GENTAG Inc.
• greenTEG AG
• Kenzen Inc.
• LifeSignals Group Inc.
• Nemaura Medical Inc.
• PKvitality S.A.S.
• Prevent Biometrics
• Qualcomm Inc.
• Samsung Electronics Co. Ltd.
• The Surgical Co.
• VitalConnect Inc.

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Company Offerings

• Abbott Laboratories - The company offers wearable patches such as confirm Rx ICM, proclaim XR recharge-free SCS system, and freestyle libre technology.
• 2M Engineering Ltd. - The company offers wearable health patch which measures and record physiological signals like ECG, bioimpedance, accelerometer, and others for research applications.
• Beneli AB - The company offers wearable medical monitoring patches for sensors that are revolutionizing the healthcare sector.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global wearable patch market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global wearable patch market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Clinical - Market size and forecast 2022-2027
• Exhibit 34: Chart on Clinical - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Clinical - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Clinical - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Clinical - Year-over-year growth 2022-2027 (%)

• 6.4 Non-clinical - Market size and forecast 2022-2027
• Exhibit 38: Chart on Non-clinical - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Non-clinical - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Non-clinical - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-clinical - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)
• Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 44: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 46: Chart on Comparison by Technology
• Exhibit 47: Data Table on Comparison by Technology

• 7.3 Regular - Market size and forecast 2022-2027
• Exhibit 48: Chart on Regular - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Regular - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Regular - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Regular - Year-over-year growth 2022-2027 (%)

• 7.4 Connected - Market size and forecast 2022-2027
• Exhibit 52: Chart on Connected - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Connected - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Connected - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Connected - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Technology 
• Exhibit 56: Market opportunity by Technology ($ million)
• Exhibit 57: Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 71: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 79: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027
• Exhibit 83: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 87: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 99: Market opportunity by geography ($ million)
• Exhibit 100: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 101: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 103: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 104: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 105: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 106: Matrix on vendor position and classification

• 12.3 2M Engineering Ltd. 
• Exhibit 107: 2M Engineering Ltd. - Overview
• Exhibit 108: 2M Engineering Ltd. - Product / Service
• Exhibit 109: 2M Engineering Ltd. - Key offerings

• 12.4 Abbott Laboratories 
• Exhibit 110: Abbott Laboratories - Overview
• Exhibit 111: Abbott Laboratories - Business segments
• Exhibit 112: Abbott Laboratories - Key news
• Exhibit 113: Abbott Laboratories - Key offerings
• Exhibit 114: Abbott Laboratories - Segment focus

• 12.5 Beneli AB 
• Exhibit 115: Beneli AB - Overview
• Exhibit 116: Beneli AB - Product / Service
• Exhibit 117: Beneli AB - Key offerings

• 12.6 Biofourmis Inc. 
• Exhibit 118: Biofourmis Inc. - Overview
• Exhibit 119: Biofourmis Inc. - Product / Service
• Exhibit 120: Biofourmis Inc. - Key offerings

• 12.7 DarioHealth Corp. 
• Exhibit 121: DarioHealth Corp. - Overview
• Exhibit 122: DarioHealth Corp. - Product / Service
• Exhibit 123: DarioHealth Corp. - Key news
• Exhibit 124: DarioHealth Corp. - Key offerings

• 12.8 Dassault Systemes SE 
• Exhibit 125: Dassault Systemes SE - Overview
• Exhibit 126: Dassault Systemes SE - Product / Service
• Exhibit 127: Dassault Systemes SE - Key news
• Exhibit 128: Dassault Systemes SE - Key offerings

• 12.9 Eoflow Co. Ltd. 
• Exhibit 129: Eoflow Co. Ltd. - Overview
• Exhibit 130: Eoflow Co. Ltd. - Product / Service
• Exhibit 131: Eoflow Co. Ltd. - Key offerings

• 12.10 GENTAG Inc. 
• Exhibit 132: GENTAG Inc. - Overview
• Exhibit 133: GENTAG Inc. - Product / Service
• Exhibit 134: GENTAG Inc. - Key offerings

• 12.11 Kenzen Inc. 
• Exhibit 135: Kenzen Inc. - Overview
• Exhibit 136: Kenzen Inc. - Product / Service
• Exhibit 137: Kenzen Inc. - Key offerings

• 12.12 LifeSignals Group Inc. 
• Exhibit 138: LifeSignals Group Inc. - Overview
• Exhibit 139: LifeSignals Group Inc. - Product / Service
• Exhibit 140: LifeSignals Group Inc. - Key offerings

• 12.13 Nemaura Medical Inc. 
• Exhibit 141: Nemaura Medical Inc. - Overview
• Exhibit 142: Nemaura Medical Inc. - Product / Service
• Exhibit 143: Nemaura Medical Inc. - Key offerings

• 12.14 Prevent Biometrics 
• Exhibit 144: Prevent Biometrics - Overview
• Exhibit 145: Prevent Biometrics - Product / Service
• Exhibit 146: Prevent Biometrics - Key offerings

• 12.15 Qualcomm Inc. 
• Exhibit 147: Qualcomm Inc. - Overview
• Exhibit 148: Qualcomm Inc. - Business segments
• Exhibit 149: Qualcomm Inc. - Key news
• Exhibit 150: Qualcomm Inc. - Key offerings
• Exhibit 151: Qualcomm Inc. - Segment focus

• 12.16 The Surgical Co. 
• Exhibit 152: The Surgical Co. - Overview
• Exhibit 153: The Surgical Co. - Product / Service
• Exhibit 154: The Surgical Co. - Key offerings

• 12.17 VitalConnect Inc. 
• Exhibit 155: VitalConnect Inc. - Overview
• Exhibit 156: VitalConnect Inc. - Product / Service
• Exhibit 157: VitalConnect Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations 

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