Sensor Patch Market

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

Report Code: SE 5489 May, 2020, by marketsandmarkets.com

[178 Pages Report] 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. Growing adoption of telehealth and advancements in wearable solutions and digital technologies provide major opportunities for the growth of the sensor patch market.

Sensor Patch Market

Blood glucose sensor patch to hold largest share of sensor patch market during forecast period

In 2019, the blood glucose sensor patch segment held the largest size of the sensor patch market. Many patients with diabetes are advised to monitor blood glucose on a regular basis. The monitoring of blood glucose is essential as a sudden increase in the level of glucose cause hyperglycemia, while a sudden decrease can cause hypoglycemia, thereby leading to several complications, including cardiac or vascular events (heart attacks or strokes), kidney problems, eye problems, etc. Regular monitoring of glucose levels is essential to keep diabetes under control. The demand for self-testing devices is driving the market.

Largest share of diagnostics in sensor patch market is due to increasing incidences of chronic diseases

The growing number of diagnostic tests for COVID-19 has resulted in the need for integration of this data into health information systems (HIS). The increasing incidences of chronic diseases and the rising geriatric population have resulted in the increasing number of diagnostic procedures performed globally. Sensor patches are now being accepted in the healthcare industry for diagnostics applications as the current and historical data gathered by sensor patches assist clinicians with precise diagnostics. The scope for diagnostics sensor patches in childcare is increasing as infants cannot communicate about their health status.

Sensor Patch Market

Sensor Patch Market in APAC expected to grow significantly 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 is driving 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 market in APAC.

Key Market Players

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). A few of the major strategies adopted by these players to compete in the market are product launches, acquisitions, collaborations, contracts, partnerships, and expansions. 


Other players operating in the sensor patch market are Humavox Ltd. (Israel), Vpatch Cardio Pty Ltd. (Australia), Hocoma AG (Switzerland), Smartrac N.V. (Netherlands), Isansys Lifecare Ltd. (UK), Leaf Healthcare, Inc. (US), Masimo Corporation (US), Hivox Biotek Inc. (Taiwan), NanoSonic, Inc. (US), MC10, Inc. (US), Raiing Medical Company (China), Sensium Healthcare Ltd. (UK), Feeligreen SA (France), Nemaura Medical Inc. (UK), and G-Tech Medical, Inc. (US). These players have adopted strategies such as product launches, acquisitions, collaborations, contracts, partnerships, and expansions.

Scope of the Report:

Report Metric

Details

Market size available for years 2017–2025
Base year 2019
Forecast period 2020–2025
Units Value (USD million/billion), shipment (million units)
Segments covered Product type, wearable type, application, end-user industry, and region
Geographic regions covered North America, APAC, Europe, and RoW
Companies covered 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), Preventice Solutions, Inc. (US), Humavox Ltd. (Israel), Vpatch Cardio Pty Ltd. (Australia), Hocoma AG (Switzerland), Smartrac N.V. (Netherlands), Isansys Lifecare Ltd. (UK), Leaf Healthcare, Inc. (US), Masimo Corporation (US), Hivox Biotek Inc. (Taiwan), NanoSonic, Inc. (US), MC10, Inc. (US), Raiing Medical Company (China), Sensium Healthcare Ltd. (UK), Feeligreen SA (France), Nemaura Medical Inc. (UK), and G-Tech Medical, Inc. (US)

This report categorizes the sensor patch market into the following segments.

Sensor Patch Market By Product Type

  • Temperature Sensor Patch
  • Blood Glucose Sensor Patch
  • Blood Pressure/Flow Sensor Patch
  • Heart Rate Sensor Patch
  • ECG Sensor Patch
  • Blood Oxygen Sensor Patch
  • Others (Position Sensor, Sweat Analyzer, and Pain Reliever)

Sensor Patch Market By Wearable Type

  • Wristwear
  • Footwear
  • Neckwear
  • Bodywear

Sensor Patch Market By Application:

  • Monitoring
  • Diagnostics
  • Medical Therapeutics  

Sensor Patch Market By End-user Industry:

  • Healthcare
  • Fitness & sports  

Sensor Patch Market By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe (Denmark, Russia, Sweden, Greece, Spain, Italy, Finland, and Austria)
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC (Malaysia, Australia, New Zealand, Singapore, Hong Kong, Indonesia, and Taiwan)
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Major Market Developments

  • In January 2020, Medtronic (Ireland) received FDA approval for Micra AV, the world’s smallest pacemaker with atrioventricular (AV) synchrony. This pacemaker is designed for the treatment of patients with AV block, a condition in which the electrical signals between the chambers of the heart (the atria and the ventricle) are impaired.
  • In February 2020, Dexcom (US) and Insulet Corporation (US), an innovative medical devices company, entered into a commercial agreement to Integrate the Dexcom G6 and Future G7 CGM into Insulet’s Omnipod horizon automated insulin delivery system. 
  • In January 2019, Abbott Laboratories (US) acquired Cephea Valve Technologies, Inc. (US), a privately held medical devices company developing a less-invasive heart valve replacement technology for people with mitral valve disease. The acquisition of Cephea strengthened Abbott's position in the structural heart therapies segment.

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming trends in the market?
  • What are the opportunities for existing market players and those who are planning to enter the market?
  • How will the adoption of inorganic strategies, such as contracts and partnerships, impact the growth of the market for sensor patch? Which players are likely to adopt these strategies in the near future to create a position or increase share in this market?
  • What are the current investment trends in the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS


1 INTRODUCTION (Page No. - 18)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 GEOGRAPHIC SCOPE
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 22)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size by bottom-up approach (demand side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size by top-down approach (supply side)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 34)

4 PREMIUM INSIGHTS (Page No. - 38)
    4.1 ATTRACTIVE OPPORTUNITIES IN SENSOR PATCH MARKET
    4.2 MARKET, BY WEARABLE TYPE
    4.3 MARKET, BY PRODUCT TYPE
    4.4 MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
    4.5 MARKET, BY COUNTRY

5 MARKET OVERVIEW (Page No. - 41)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand for portable medical devices and wearable sensors
                    5.2.1.2 Increasing elderly population
                    5.2.1.3 Increasing applications of sensor patches to monitor glucose level
           5.2.2 RESTRAINTS
                    5.2.2.1 Regulatory issues
                    5.2.2.2 Health Insurance Portability and Accountability Act (HIPAA) compliances
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing adoption of telehealth
                    5.2.3.2 Advancements in wearable solutions and digital technologies
           5.2.4 CHALLENGES
                    5.2.4.1 Issues related to data security due to connected medical devices
                    5.2.4.2 Design complexities and thermal considerations
    5.3 IMPACT OF COVID19 ON SENSOR PATCH MARKET
    5.4 VALUE CHAIN ANALYSIS

6 SENSOR PATCH MARKET, BY TECHNOLOGY (Page No. - 50)
    6.1 INTRODUCTION
    6.2 AMPEROMETRIC
           6.2.1 AMPEROMETRIC TECHNIQUE-BASED SENSOR PATCH SOLUTIONS ARE COST-EFFECTIVE AND ARE EASY TO MASS-PRODUCE
    6.3 CONDUCTOMETRIC
           6.3.1 CONDUCTOMETRIC TECHNIQUE-BASED SOLUTIONS ARE SUITABLE FOR MEDICAL DEVICES USED FOR MONITORING BLOOD GLUCOSE
    6.4 POTENTIOMETRIC
           6.4.1 POTENTIOMETRIC-BASED SENSOR PATCHES ARE MAINLY USED FOR MONITORING TOTAL ION CONTENT IN SWEAT

7 SENSOR PATCH MARKET, BY PRODUCT TYPE (Page No. - 51)
    7.1 INTRODUCTION
    7.2 TEMPERATURE SENSOR PATCH
           7.2.1 ADOPTION OF TEMPERATURE SENSOR PATCHES FOR PATIENT MONITORING AND DIAGNOSTICS PROPELS MARKET GROWTH
    7.3 BLOOD GLUCOSE SENSOR PATCH
           7.3.1 NEED FOR SELF-MONITORING OF GLUCOSE LEVELS BY DIABETIC PATIENTS FUELS DEMAND FOR BLOOD GLUCOSE SENSOR PATCHES
    7.4 BLOOD PRESSURE/FLOW SENSOR PATCH
           7.4.1 INCREASING NEED FOR BLOOD PRESSURE MONITORING IN HOSPITALS TO BOOST BLOOD PRESSURE/FLOW MARKET
    7.5 HEART RATE SENSOR PATCH
           7.5.1 GROWING INCIDENCES OF HEART-RELATED DISEASES PROPEL DEMAND FOR HEART RATE SENSOR PATCHES
    7.6 ECG SENSOR PATCH
           7.6.1 INCREASING DEMAND FOR ECG SENSOR PATCHES FOR QUICK DIAGNOSIS OF PATIENTS BOOSTS MARKET GROWTH
    7.7 BLOOD OXYGEN SENSOR PATCH
           7.7.1 BLOOD OXYGEN MARKET FOR ANESTHESIA MONITORING APPLICATION TO WITNESS STEADY GROWTH DURING FORECAST PERIOD
    7.8 OTHERS
           7.8.1 NEED TO MONITOR STRESS AND ANXIETY SYMPTOMS OF PATIENTS TO BOOST MARKET FOR OTHER TYPES OF SENSOR PATCH

8 SENSOR PATCH MARKET, BY WEARABLE TYPE (Page No. - 70)
    8.1 INTRODUCTION
    8.2 WRISTWEAR
           8.2.1 WRISTWEAR HAVE A HIGH DEMAND FOR MEDICAL AND FITNESS PURPOSES
    8.3 FOOTWEAR
           8.3.1 FOOTWEAR WEARABLES ARE BEING USED TO TRACK POSITION FOR FITNESS AND MEDICAL PURPOSES
    8.4 NECKWEAR
           8.4.1 NECKWEAR IS USED TO DIAGNOSE AND TREAT APHASIA
    8.5 BODYWEAR
           8.5.1 BODYWEAR PATCHES CAN BE USED FOR VARIOUS HEALTHCARE AND FITNESS APPLICATIONS

9 SENSOR PATCH MARKET, BY APPLICATION (Page No. - 74)
    9.1 INTRODUCTION
    9.2 MONITORING
           9.2.1 RISING ADOPTION OF PORTABLE PATIENT MONITORING DEVICES TO PROPEL MARKET GROWTH
    9.3 DIAGNOSTICS
           9.3.1 INCREASING DEMAND FOR IMPROVING DIAGNOSIS PROCESSES TO LEAD TO GROWTH OF MARKET
    9.4 MEDICAL THERAPEUTICS
           9.4.1 USE OF SENSOR PATCHES FOR INSULIN DELIVERY IS BOOSTING MARKET FOR THERAPEUTICS APPLICATION

10 SENSOR PATCH MARKET, BY END-USER INDUSTRY (Page No. - 79)
     10.1 INTRODUCTION
     10.2 HEALTHCARE
             10.2.1 HOSPITALS & CLINICS
                        10.2.1.1 Large patient volume due to outbreak of COVID-19 and high demand for medical devices from hospitals propel adoption of sensor patches
             10.2.2 HOME CARE
                        10.2.2.1 Growing geriatric population and rising numbers of patients suffering from diabetes to propel adoption of sensor patches in home care settings
             10.2.3 DIAGNOSTIC LABORATORIES
                        10.2.3.1 Growing volume of clinic data and rising need to modernize imaging workflows to drive the market for diagnostic laboratories
     10.3 FITNESS AND SPORTS
             10.3.1 GROWING AWARENESS REGARDING HEALTH AND FITNESS BOOSTS DEMAND FOR SENSOR PATCHES

11 GEOGRAPHIC ANALYSIS (Page No. - 88)
     11.1 INTRODUCTION
     11.2 NORTH AMERICA
             11.2.1 US
                        11.2.1.1 Growing need to decrease soaring healthcare costs to drive sensor patch market growth in US
             11.2.2 CANADA
                        11.2.2.1 Growing need for cost containment in healthcare propels the market growth
             11.2.3 MEXICO
                        11.2.3.1 Growing focus on telehealth and wearable healthcare supports growth of market in Mexico
     11.3 EUROPE
             11.3.1 UK
                        11.3.1.1 Government initiatives to drive adoption of sensor patches in UK
             11.3.2 GERMANY
                        11.3.2.1 High expenditure for advance health services boosts demand for wearable patches
             11.3.3 FRANCE
                        11.3.3.1 The market in France expected to grow at highest rate in European region
             11.3.4 REST OF EUROPE
     11.4 APAC
             11.4.1 CHINA
                        11.4.1.1 Large patient pool due to COVID-19 epidemic to drive adoption of sensor patches for monitoring and diagnosis
             11.4.2 JAPAN
                        11.4.2.1 Growing need for advanced medical technologies to meet requirements of elderly population boosts the market in Japan
             11.4.3 SOUTH KOREA
                        11.4.3.1 Improving health infrastructure drives the market in South Korea
             11.4.4 INDIA
                        11.4.4.1 Growing investments for advancement of country’s healthcare infrastructure drive market in India
             11.4.5 REST OF APAC
     11.5 ROW
             11.5.1 MIDDLE EAST & AFRICA
                        11.5.1.1 Middle East is expected to hold largest market share in RoW by 2025
             11.5.2 SOUTH AMERICA
                        11.5.2.1 Large volume of patients and rising need for health information exchange across health facilities drive sensor path market in South America

12 COMPETITIVE LANDSCAPE (Page No. - 118)
     12.1 INTRODUCTION
     12.2 MARKET PLAYER RANKING ANALYSIS
     12.3 COMPETITIVE LEADERSHIP MAPPING
             12.3.1 VISIONARY LEADERS
             12.3.2 INNOVATORS
             12.3.3 DYNAMIC DIFFERENTIATORS
             12.3.4 EMERGING COMPANIES
     12.4 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
     12.5 BUSINESS STRATEGY EXCELLENCE (25 COMPANIES)
     12.6 COMPETITIVE SCENARIO
     12.7 COMPETITIVE SITUATIONS & TRENDS
             12.7.1 PRODUCT LAUNCHES
             12.7.2 CONTRACTS/COLLABORATIONS/AGREEMENTS/ JOINT VENTURES/PARTNERSHIPS
             12.7.3 ACQUISITIONS
             12.7.4 EXPANSIONS

13 COMPANY PROFILES (Page No. - 134)
     13.1 KEY PLAYERS
             13.1.1 ABBOTT LABORATORIES
                        13.1.1.1 Business overview
                        13.1.1.2 Products offered
                        13.1.1.3 Recent developments
                        13.1.1.4 SWOT analysis
                        13.1.1.5 MnM view
             13.1.2 IRHYTHM TECHNOLOGIES, INC.
                        13.1.2.1 Business overview
                        13.1.2.2 Products offered
                        13.1.2.3 Recent developments
                        13.1.2.4 SWOT analysis
                        13.1.2.5 MnM view
             13.1.3 DEXCOM, INC.
                        13.1.3.1 Business overview
                        13.1.3.2 Products offered
                        13.1.3.3 Recent developments
                        13.1.3.4 SWOT analysis
                        13.1.3.5 MnM view
             13.1.4 MEDTRONIC PLC
                        13.1.4.1 Business overview
                        13.1.4.2 Products offered
                        13.1.4.3 Recent developments
                        13.1.4.4 SWOT analysis
                        13.1.4.5 MnM view
             13.1.5 TEXAS INSTRUMENTS INCORPORATED
                        13.1.5.1 Business overview
                        13.1.5.2 Products offered
                        13.1.5.3 Recent developments
                        13.1.5.4 SWOT analysis
                        13.1.5.5 MnM view
             13.1.6 PROTEUS DIGITAL HEALTH, INC.
                        13.1.6.1 Business overview
                        13.1.6.2 Products offered
                        13.1.6.3 Recent developments
             13.1.7 GENTAG, INC.
                        13.1.7.1 Business overview
                        13.1.7.2 Products offered
             13.1.8 KENZEN INC.
                        13.1.8.1 Business overview
                        13.1.8.2 Products offered
                        13.1.8.3 Recent developments
             13.1.9 VITALCONNECT, INC.
                        13.1.9.1 Business overview
                        13.1.9.2 Products offered
                        13.1.9.3 Recent developments
             13.1.10 PREVENTICE SOLUTIONS, INC.
                        13.1.10.1 Business overview
                        13.1.10.2 Products offered
                        13.1.10.3 Recent developments
     13.2 RIGHT TO WIN
     13.3 OTHER COMPANIES
             13.3.1 SMARTRAC N.V.
             13.3.2 ISANSYS LIFECARE LTD.
             13.3.3 LEAF HEALTHCARE, INC.
             13.3.4 MC10, INC.
             13.3.5 SENSIUM HEALTHCARE LTD.
             13.3.6 MASIMO CORPORATION
             13.3.7 HOCOMA AG
             13.3.8 NEMAURA MEDICAL INC.
             13.3.9 HIVOX BIOTEK INC.
             13.3.10 NANOSONIC, INC.

14 APPENDIX (Page No. - 171)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

LIST OF TABLES (104 TABLES)

TABLE 1 SENSOR PATCH MARKET, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 2 SENSOR PATCH MARKET, BY PRODUCT TYPE, 2017–2025 (MILLION UNITS)
TABLE 3 TEMPERATURE MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 4 TEMPERATURE MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 5 TEMPERATURE MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 6 TEMPERATURE MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 7 TEMPERATURE MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 8 BLOOD GLUCOSE MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 9 BLOOD GLUCOSE MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 10 BLOOD GLUCOSE MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 11 BLOOD GLUCOSE MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 12 BLOOD GLUCOSE MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 13 BLOOD PRESSURE/FLOW MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 14 BLOOD PRESSURE/FLOW MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 15 BLOOD PRESSURE/FLOW MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 16 BLOOD PRESSURE/FLOW MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 17 BLOOD PRESSURE/FLOW MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 18 HEART RATE SENSOR PATCH MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 19 HEART RATE MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 20 HEART RATE MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 21 HEART RATE MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 22 HEART RATE MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 23 ECG MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 24 ECG MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 25 ECG MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 26 ECG MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 27 ECG MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 28 BLOOD OXYGEN MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 29 BLOOD OXYGEN MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 30 BLOOD OXYGEN MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 31 BLOOD OXYGEN MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 32 BLOOD OXYGEN MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 33 OTHER SENSOR PATCHES MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 34 OTHER SENSOR PATCHES MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 35 OTHER SENSOR PATCHES MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 36 OTHER SENSOR PATCHES MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 37 OTHER SENSOR PATCHES MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 38 MARKET, BY WEARABLE TYPE, 2017–2025 (USD MILLION)
TABLE 39 MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 40 SENSOR PATCH MARKET, BY APPLICATION, 2017–2025 (MILLION UNITS)
TABLE 41 MARKET FOR MONITORING, BY REGION, 2017–2025 (USD MILLION)
TABLE 42 MARKET FOR DIAGNOSTICS, BY REGION, 2017–2025 (USD MILLION)
TABLE 43 MARKET FOR MEDICAL THERAPEUTICS, BY REGION, 2017–2025 (USD MILLION)
TABLE 44 MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 45 MARKET FOR HEALTHCARE END-USER INDUSTRY, BY TYPE, 2017–2025 (USD MILLION)
TABLE 46 MARKET FOR HEALTHCARE, BY REGION, 2017–2025 (USD MILLION)
TABLE 47 MARKET FOR HEALTHCARE END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 48 MARKET FOR HEALTHCARE END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 49 MARKET FOR HEALTHCARE END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 50 MARKET FOR HEALTHCARE END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 51 MARKET FOR FITNESS AND SPORTS END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 52 MARKET FOR FITNESS AND SPORTS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 53 MARKET FOR FITNESS AND SPORTS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 54 MARKET FOR FITNESS AND SPORTS END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 55 MARKET FOR FITNESS & SPORTS END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 56 SENSOR PATCH MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 57 MARKET IN NORTH AMERICA, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 58 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 59 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 60 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 61 MARKET IN US, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 62 MARKET IN US, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 63 MARKET IN CANADA, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 64 MARKET IN CANADA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 65 MARKET IN MEXICO, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 66 MARKET IN MEXICO, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 67 MARKET IN EUROPE, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 68 MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 69 MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 70 MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 71 MARKET IN UK, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 72 MARKET IN UK, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 73 MARKET IN GERMANY, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 74 MARKET IN GERMANY, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 75 MARKET IN FRANCE, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 76 SENSOR PATCHES MARKET IN FRANCE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 77 MARKET IN REST OF EUROPE, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 78 MARKET IN REST OF EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 79 MARKET IN APAC, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 80 MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 81 MARKET IN APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 82 MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 83 MARKET IN CHINA, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 84 MARKET IN CHINA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 85 MARKET IN JAPAN, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 86 MARKET IN JAPAN, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 87 MARKET IN SOUTH KOREA, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 88 MARKET IN SOUTH KOREA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 89 MARKET IN INDIA, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 90 MARKET IN INDIA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 91 MARKET IN REST OF APAC, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 92 MARKET IN REST OF APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 93 MARKET IN ROW, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 94 MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 95 MARKET IN ROW, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 96 SENSOR PATCH MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 97 MARKET IN MIDDLE EAST & AFRICA, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 98 MARKET IN MIDDLE EAST & AFRICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 99 MARKET IN SOUTH AMERICA, BY PRODUCT TYPE, 2017–2025 (USD MILLION)
TABLE 100 MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 101 PRODUCT LAUNCHES (2017–2020)
TABLE 102 CONTRACTS/COLLABORATIONS/AGREEMENTS/JOINT VENTURES/PARTNERSHIPS (2017–2020)
TABLE 103 ACQUISITIONS (2017–2020)
TABLE 104 EXPANSIONS (2017–2020)

LIST OF FIGURES (47 FIGURES)

FIGURE 1 SENSOR PATCH MARKET: SEGMENTATION
FIGURE 2 SENSOR PATCH MARKET: RESEARCH DESIGN
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)— REVENUE GENERATED FROM PRODUCTS IN MARKET
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN MARKET
FIGURE 7 DATA TRIANGULATION
FIGURE 8 ASSUMPTION FOR THE STUDY
FIGURE 9 SENSOR PATCHES MARKET, 2017–2025 (USD MILLION)
FIGURE 10 SENSOR PATCHES MARKET, BY PRODUCT TYPE (2020 VS. 2025)
FIGURE 11 HEALTHCARE TO HOLD LARGER SHARE OF MARKET, BY END-USER INDUSTRY, IN 2020
FIGURE 12 MARKET FOR DIAGNOSTICS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 13 NORTH AMERICA TO HOLD LARGEST SHARE OF MARKET IN 2020
FIGURE 14 RISING DEMAND FOR PORTABLE MEDICAL DEVICES AND WEARABLE SENSORS TO BOOST THE MARKET DURING FORECAST PERIOD
FIGURE 15 MARKET FOR BODY WEAR TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 16 BLOOD GLUCOSE SENSOR PATCH TO HOLD LARGEST SIZE OF MARKET THROUGH TO 2025
FIGURE 17 MONITORING AND US WERE LARGEST SHAREHOLDERS OF MARKET IN NORTH AMERICA IN 2019
FIGURE 18 MARKET IN INDIA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 19 IMPACT OF DRIVERS AND OPPORTUNITIES ON MARKET
FIGURE 20 IMPACT OF CHALLENGES AND RESTRAINTS ON MARKET
FIGURE 21 GLOBAL POPULATION OF 60 YEARS OF AGE AND ABOVE, 2015–2040 (MILLION)
FIGURE 22 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED BY COMPONENT MANUFACTURERS, OEMS & SYSTEM INTEGRATORS, AND TECHNOLOGY PROVIDERS
FIGURE 23 HEART RATE MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 24 BLOOD PRESSURE/FLOW SENSOR PATCHES MARKET TO GROW AT HIGHEST RATE IN APAC DURING FORECAST PERIOD
FIGURE 25 HEART RATE SENSOR PATCHES MARKET EXPECTED TO GROW AT HIGHEST RATE IN ROW DURING FORECAST PERIOD
FIGURE 26 ECG MARKET EXPECTED TO GROW AT HIGHEST RATE IN APAC DURING FORECAST PERIOD
FIGURE 27 MARKET FOR BODYWEAR TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 28 MARKET FOR DIAGNOSTICS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 29 MARKET FOR MEDICAL THERAPEUTICS EXPECTED TO GROW AT HIGHEST RATE IN APAC DURING FORECAST PERIOD
FIGURE 30 MARKET FOR FITNESS & SPORTS TO GROW AT A HIGHER CAGR FROM 2020 TO 2025
FIGURE 31 MARKET FOR FITNESS & SPORTS EXPECTED TO GROW AT HIGHEST RATE IN APAC DURING FORECAST PERIOD
FIGURE 32 GEOGRAPHIC SNAPSHOT: MARKET IN APAC TO WITNESS HIGHEST GROWTH FROM 2020 TO 2025
FIGURE 33 APAC TO LEAD THE MARKET DURING FORECAST PERIOD
FIGURE 34 NORTH AMERICA: SENSOR PATCHES MARKET SNAPSHOT
FIGURE 35 EUROPE: SENSOR PATCHES MARKET SNAPSHOT
FIGURE 36 APAC: MARKET SNAPSHOT
FIGURE 37 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020
FIGURE 38 ABBOTT LABORATORIES LED THE MARKET IN 2019
FIGURE 39 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 40 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
FIGURE 41 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
FIGURE 42 COMPETITIVE EVALUATION FRAMEWORK: SENSOR PATCHES MARKET
FIGURE 43 ABBOTT LABORATORIES: COMPANY SNAPSHOT
FIGURE 44 IRHYTHM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
FIGURE 45 DEXCOM, INC.: COMPANY SNAPSHOT
FIGURE 46 MEDTRONIC PLC: COMPANY SNAPSHOT
FIGURE 47 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the sensor patch market. Exhaustive secondary research has been done to collect information on the market, the peer markets, and the parent market. The next step has been to validate these findings, assumptions, and sizing with industry experts from across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the sensor patch market begins with capturing data on the revenues of key vendors in the market through secondary research. This study involves the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the sensor patch market. Vendor offerings have also been taken into consideration to determine the market segmentation. This entire research methodology includes studying annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.

Primary Research

The sensor patch market’s supply chain comprises several stakeholders, such as suppliers of raw materials, original equipment manufacturers (OEMs), device manufacturers, and system integrators. The supply side is characterized by advancements in sensor patches in diverse applications. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below.

Sensor Patch Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the sensor patch market and its subsegments. The research methodology used to estimate the market sizes includes the following:

  • Key players providing sensor patches to different industries have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides of the sensor patch market.

Study Objectives

  • To define, describe, and forecast the sensor patch market, in terms of value, segmented based on product type, wearable type, application, end-user industry, and region
  • To forecast the market size, in terms of value, for various segments with regard to four main regions: the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the sensor patch market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To provide a detailed overview of the value chain of sensor patches
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, and provide the competitive landscape of the market
  • To analyze competitive developments such as partnerships and joint ventures, mergers and acquisitions, new product developments, expansions, and research and development (R&D) activities in the sensor patch market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Critical Questions:

  • What will be the new verticals in which sensor patch would be used?
  • Who are the key players in the market, and how intense is the competition?
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Sensor Patch Market

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