Top 10 Wearable Patches Market Companies to Watch Post-COVID

Posted on Jan 13 2022 5:03 AM

"The major companies in the global wearable patches market report include Koninklijke Philips N.V., LifeSignals, GENTAG Inc., VIVALNK, Blue Spark Technologies, VitalConnect, Sensium Healthcare Ltd., Abbott, and others."

Global “Wearable Patches Market“ 2022 research report gives Advancement strategies and plans are talked about just as assembling procedures and cost structures are likewise examined. Wearable Patches Market Report states import/send out utilization, organic market Figures, cost, value, income and gross edges. This report also studies the global Wearable Patches market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. Regionally, this report categorizes the production, apparent consumption, export and import of Wearable Patches in North America, Europe, China, Japan, Southeast Asia and India.

The Global Wearable Patches market 2022 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Wearable Patches Market Share analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. For each manufacturer covered, this report analyses their Wearable Patches manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

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Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Market Segmentation:

By type, the global wearable patches market can be segmented into regular and connected. On the basis of application, the market can be bifurcated into patient monitoring, drug delivery, and others. In terms of distribution channel, the market can be segmented into hospital pharmacy, retail stores, and online stores.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The major companies in the global wearable patches market report include Koninklijke Philips N.V., LifeSignals, GENTAG Inc., VIVALNK, Blue Spark Technologies, VitalConnect, Sensium Healthcare Ltd., Abbott, and others.

Key Insights

  • Technological Advancements in the Wearable Patches
  • Smartphone Penetration Statistics – For Key Countries/ Regions
  • Prevalence of Chronic Diseases – For Key Countries/ Regions
  • COVID-19 Impact on the Global Wearable Patches Market
  • New Product Launches
  • Key Industry Developments – Mergers, Acquisitions, and Partnerships

Regional Analysis:

The global wearable patches market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the market throughout the forecast period. Primary factors responsible for the growth of the market are the increasing demand advanced monitoring and drug delivery tools and strong government support. In Europe, the market is poised to surge owing to the new product launches and the rising cost of healthcare. In May 2020, LifeSignals received European Commission approval for LifeSignals ECG Remote Monitoring Patch. This is likely to augment market growth in Europe. Asia Pacific is projected to witness remarkable growth owing to the increasing government initiatives to surge the adoption of telemedicine and digital health technologies. Improving healthcare infrastructure and increasing start-up investment is anticipated to drive the market in Latin America and the Middle East and Africa. 

Wearable Patches Industry Developments

  • In June 2020, Sensium Healthcare Ltd. partnered with Strategic Healthcare Connections bring SensiumVitals in the U.S.
  • In April 2020, LifeSignals announced the launch of Biosensor Patch 1AX for early diagnosis and monitoring of COVID-19 symptoms.
  • In May 2020, Koninklijke Philips N.V. received FDA approval for Philips Biosensor BX100, a smart patch for the measurement of vital signs for COVID-19 patients.

Market Segmentation:

By Type

  • Regular
  • Connected

By Application

  • Patient Monitoring
  • Drug Delivery
  • Others

By Distribution Channels

  • Hospital Pharmacy
  • Retail Stores
  • Online Stores

By Geography

  • North America (USA, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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