Global Sensor Patch Market
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Product Code:
RP-ID-10059756 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
140 -
Category:
ICT & Telecom -
Publisher:
Pub-ID-12
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global Sensor Patch Market
By Application (Monitoring, Imaging, Diagnostic, Medical therapeutics, Wellness and Fitness), Product (Blood Oxygen Sensor Patch, Temperature Sensor Patch, Blood Pressure/Flow Sensor Patch, Heart Rate Sensor Patch, Blood Glucose Sensor Patch, ECG Sensor Patch), End User (Fitness and Sports, Healthcare), and Regional Market Size, Status and Forecast to 2025
Market Overview:
The Global Sensor Patch Market was valued at USD 31.86 million in 2016 and is projected to reach USD 1028.71 million by 2025, growing at a CAGR of 47.12% from 2017 to 2025.
Sensor Patch enables the continuous measurement and the comprehensive analysis of human psychological stress by quantitative and continuous measurement of skin temperature, skin conductance, and pulsewave in the human physiological range. Sensor patch can be used for applications such as health and wellness monitoring, safety monitoring, home rehabilitation, assessment of treatment efficacy, and early detection of disorders.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing trend of telehealth
1.2 Adoption of biological hazard sensing in defense application
1.3 Increasing market in cosmetic industry
1.4 High preference for wearable in health monitoring application
2. Market Restraints
2.1 Complexity in design
2.2 Health Insurance Portability and Accountability Act (HIPAA) compliances
Market Segmentation:
The Global Sensor Patch Market is segmented on the application, product, end user, and region.
1. Application:
1.1 Monitoring
1.2 Imaging
1.3 Diagnostic
1.4 Medical therapeutics
1.5 Wellness and Fitness
2. By Product:
2.1 Blood Oxygen Sensor Patch
2.2 Temperature Sensor Patch
2.3 Blood Pressure/Flow Sensor Patch
2.4 Heart Rate Sensor Patch
2.5 Blood Glucose Sensor Patch
2.6 ECG Sensor Patch
3. By End User:
3.1 Fitness and Sports
3.2 Healthcare
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Dexcom, Inc.
2. Abbott Laboratories
3. Medtronic PLC
4. Vitalconnect, Inc.
5. Texas Instruments Incorporated
6. iRhythm Technologies,
7. Smartrac N.V.
8. Kenzen Inc.
9. Gentag, Inc.
10. Proteus Digital Health, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Sensor Patch Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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