Los Angeles, CA -- (SBWIRE) -- 04/15/2019 -- Connected wearable patches include patches, tattoos, or small devices that are affixed to the skin and worn for a limited period of time, ranging from an hour to several weeks. The patches also have an element of wireless connectivity, and have a medical, health, or wellness purpose that can range from monitoring physiological data to delivering medication.
The drive forces make connected wearable patches commercial are a growth in the number of people with chronic diseases, aging populations and rising healthcare costs. Due to the slow recovery of global economy, more and more governments, insurance companies and care providers are taking this kind of product as a substation of traditional way to monitor, diagnose, and treat patients in order to save medical expense.
Although sales of connected wearable patches products bring a lot of opportunities, the study group recommend the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the connected wearable patches field hastily.
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The global Connected Wearable Patches market was 95 million US$ in 2018 and is expected to 3810 million US$ by the end of 2025, growing at a CAGR of 58.5% between 2019 and 2025.
This report studies the Connected Wearable Patches market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Connected Wearable Patches in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
IRhythm
Medtronic/Zephyr Technology
Sensium Healthcare
Vancive Medical
Vital Connect
Preventice
Gentag Inc.
ILece
Blue Spark
Chrono Therapeutics
Proteus Digital Health
G-Tech Medical
STEMP
By the product type, the market is primarily split into
Clinical Use
Non-Clinical Use
By the end users/application, this report covers the following segments
Monitoring, Detection & Diagnosis
Managing & Treatment
Health, Wellness & Prevention
Clinical Trials
We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
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