Market Overview

$500+ Million Sensor Patch Market to Grow at a CAGR of 43.4% - Forecasts from 2018 to 2023 - ResearchAndMarkets.com

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The "Sensor
Patch Market - Forecasts from 2018 to 2023"
report has been
added to ResearchAndMarkets.com's offering.

The sensor patch market is projected to grow at a CAGR of 43.40% to
reach US$534.692 million by 2023, from US$61.487 million in 2017.

The sensor patches are wearable digital health devices which are used
majorly for healthcare applications such as geriatric care, long-term
medical care and childcare. These devices are used to determine and
measure moisture conditions in medical care areas.

Apart from medical applications, the sensor patch devices can also be
used in fitness and sports applications. Some of the factors which drive
the growth of global sensor patch market include rising healthcare
expenditure, growing preference for wearables by consumers in health
monitoring application.

Furthermore, the technological advancements in sensor networks can also
contribute towards the expansion of sensor patch market. However,
various health insurance portability and accountability compliances can
inhibit the growth of the market.

This research study examines the current market trends related to the
demand, supply, and sales, in addition to the recent developments. Major
drivers, restraints, and opportunities have been covered to provide an
exhaustive picture of the market.

Major industry players profiled as part of the report are Texas
Instruments Incorporated, Proteus Digital Health, Inc., and Smartrac NV
among others.

Segmentation:

By Type

  • Heart Rate Sensor Patch
  • Blood Pressure Sensor Patch
  • Blood Glucose Sensor Patch
  • ECG Sensor Patch
  • Others

By Application

  • Diagnostic
  • Monitoring

By End-User Industry

  • Sports
  • Healthcare

Companies Mentioned

  • SMARTRAC NV
  • Proteus Digital Health, Inc.
  • GENTAG, Inc.
  • NanoSonic, Inc.
  • iRhythm Technologies, Inc.
  • VitalConnect
  • Kenzen, Inc.
  • Texas Instruments Incorporated

For more information about this report visit https://www.researchandmarkets.com/research/k4q4xs/500_million?w=4

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