Sensor Patch Market: Summary
The Global Sensor Patch Market is projected to reach a value of over USD 10.6 billion by 2027 at a CAGR of around 39.3%.
Sensor patch is a small electronic device which is activated by RFID. This chip is placed on human skin with order to detect, monitor the physiological changes occurred in human body. Rising healthcare developments, increasing adoption of wearables in healthcare, and technological developments in sensor patch technology will drive the sensor patch market during growth period. The global players are investing in sensor patch technology to create brand identity and diversify their business in healthcare, fitness, and sports industries.
Sensor Patch Market: Drivers & Restraint
- Increasing Wearables in Healthcare Monitoring
Wearables devices such as smart watches, fitness trackers, wearable blood pressure monitors, and wearable ECG monitors will expected to increase the wearable devices market in healthcare industry. According to Accenture, wearable holds 33% of consumer electronics in the US for the year 2018. The upward trends in wearable sensing technology will changes the decisions of insurers, health providers, and companies to take advantage. Hence, with the rise of wearable devices in healthcare, sensor patch is expected to drive the market during forecast period.
- Lack of Technology Awareness
Sensor patch is one of the innovative product made by humans for monitoring and diagnose the human body in different physical environment. Due to less service provision and less marketing of sensor patch, many of the customers are did not aware about the sensor patch advantages and their applications. Moreover, the sensor patch technology is available only for the high-end smartphones and high-end wearable devices which normal customers cannot afford. Hence they did not get full advantages and hence it will hinder the growth of the market during forecast period.
Sensor Patch Market: Key Segments
- Segmentation based on type: Blood-Oxygen Sensor Patch, Temperature Sensor Patch, Blood-Glucose Sensor Patch, ECG Sensor Patch, Heart Rate Sensor Patch, Blood Pressure Sensor Patch, and Others
- Segmentation based on application: Diagnostic, Imaging, Fitness & Wellness, Monitoring, Medical Therapeutics, and Others
- Segmentation based on Wearing Type: Bodywear, Neckwear, Wristwear, and Footwear
- Segmentation based on end use industry: Healthcare, Fitness, and Sports
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
Sensor Patch Market: Report Scope
The report on the sensor patch market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million)
Type, application, wearing type, end Us Industry, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- Texas Instruments Incorporated (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Dexcom, Inc.
- iRhythm Technologies, Inc.
- Proteus Digital Health, Inc.
- Kenzen, Inc.
- Preventice Solutions, Inc.
- GENTAG, Inc.
- Isansys Ltd.
- Leaf Healthcare, Inc.
- MTG Co.,Ltd
- NanoSonic Inc.
- Other Key Companies
Sensor Patch Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Sensor Patch Market, by Type
- Blood-Oxygen Sensor Patch
- Temperature Sensor Patch
- Blood-Glucose Sensor Patch
- ECG Sensor Patch
- Heart Rate Sensor Patch
- Blood Pressure Sensor Patch
Sensor Patch Market, by Application
- Fitness & Wellness
- Medical Therapeutics
Sensor Patch Market, by Wearing Type
Sensor Patch Market, by End Use Industry
Sensor Patch Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Sensor Patch Market Providers
- Sensor Patch Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Sensor Patch Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Sensor Patch MARKET STUDY