Global Wearable Patch Market to grow at a CAGR of 88.27% during the period 2016 - 2020; Finds New Report

Report forecast the global wearable patch market to grow at a CAGR of 88.27%, in terms of shipment, during the period 2016-2020.

Wearable patches can be affixed to the skin and can be worn for a few hours to a couple of weeks. These patches are used for the treatment and delivery of medications such as nicotine. They are also used as anti-aging patches. The connected wearable patches feature wireless connectivity, in addition to the features of regular wearable patches, which help in monitoring the health of an individual and delivering drugs accordingly.

The report covers the present scenario and the growth prospects of the global wearable patch market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of wearable patches.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, wearable patches help people monitor their health conditions to avoid serious health issues. The increase in aging population, rise in number of diseases, and high healthcare costs are major concerns for people. People are becoming increasingly concerned about their health and fitness. The increasing demand for diet programs and mobile health applications is helping the market to grow as it is encouraging more users adopt wearable patches. The increased awareness of wearable patches among consumers is expected to continue to drive the growth of the market during the forecast period.

Further, the report states that the integration of sensors into smartphones, tablets, and consumer-end devices and accessories is a challenge faced by vendors in the market. Mobile health and fitness applications use built-in sensors in smartphones to check heart rate, distance walked, steps taken, and calories burned during a workout. This feature has some limitations as it increases the manufacturing cost of wearable patches, which is a challenge for vendors in the market.

Global Wearable Patch Market 2016 - 2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global wearable patch market: Abbott Laboratories, Gentag, Insluet, Kenzen, Nemaura Medical, and Proteus Digital Health

Other Prominent Vendors in the market are: CeQur, Chrono Therapeutics, Delta Electronics, Dexcom, Feeligreen, FitLinxx, G-tech Medical, Hivox, iRhythm Technologies, iThermonitor, Isansys Lifecare, L'Oréal, Leaf Healthcare, Mcio, Medtronic, MTG, Patchology, Qualcomm, Sensium Healthcare, STEMP, The Ionto Team, Upright, Vital Connect, Valendo, X2 biosystems, Ya-Man, and Zansors

Market driver

• Rise in number of lifestyle diseases
• For a full, detailed list, view our report

Market challenge

• Integration of sensors into computing devices and accessories
• For a full, detailed list, view our report

Market trend

• Increasing adoption of wearable patches in cosmetic industry
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 59 pages and 34 Exhibits “Global Wearable Patch Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Industry overview, Market segmentation by technology, Market segmentation by application, Geographical segmentation, Market attractiveness, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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