Pune, India -- (SBWIRE) -- 02/24/2018 -- The Wearable Skin Patch Market accounted to USD 931.93 million in 2016 growing at a CAGR of 90.32% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Wearable Skin Patch Market By Technology (Regular Wearable, Connected Wearable), By Application (Clinical applications, Non-Clinical Applications), By Geography – Industry Trends and Forecast to 2024
Market Definition:
Wearable skin patches are the patches fixed to skin for some time period and it is used in the treatment and medications. They are used in drug-delivery, patient monitoring as well as in sports. Skin patches are supreme as they are stick to one place, without any interference in the movement and help to record precise data.
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Competitive Analysis:
The wearable skin patch market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wearable skin patch market for global, Europe, North America, Asia Pacific and South America.
Major market drivers and restraints:
- Minimal interference with body movement
- Delivers precise data
- Easy connectivity with computing devices
- Rise in number of lifestyle diseases
- Rise in awareness of healthy lifestyle
- Emerging markets as increase in acceptance of wearable patches
- Restricted trust of patients in wearable patches
- Integration of sensors into computing devices and accessories
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Market Segmentation:
The Global Wearable Skin Patch Market is segmented by technology into regular wearable and connected wearable.
On the basis of application the market is segmented into clinical applications and non-clinical applications
On the basis of geography:-
North America & South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Top Competitors:
- Abbott,
- Medtronic,
- GENTAG, Inc.,
- Insulet Corporation,
- Kenzen, Inc.,
- Nemaura,
- Gloria,
- CeQur SA,
- Chrono Therapeutics Inc.,
- Dexcom, Inc.,
- G-Tech Inc.,
- HIVOX BIOTEK INC.,
- iRhythm Technologies, Inc.,
- Raiing Medical, Inc.,
- Isansys Lifecare,
- Sensium Healthcare Ltd.,
- Leaf Healthcare, Inc.,
- Iontera, Inc.,
- Qualcomm Technologies, Inc.,
- Indiegogo, Inc.,
- Laboratory Martí Tor,
- UPRIGHT,
- L'OREAL GROUP,
- VitalConnect,
- Feeligreen,
- X2 BIOSYSTEMS INC.,
- ZANSORS and YA-MAN LTD.
- among others.
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