Sensor Patch Market Size, Share, Opportunities, And Trends 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), And By Geography - Forecasts From 2018 To 2023

  • Published : Feb 2023
  • Report Code : KSI061611370
  • Pages : 126

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 that 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, sensor patch devices can also be used in fitness and sports applications.

Some of the factors which drive the growth of the global sensor patch market include rising healthcare expenditure and a growing preference for wearables by consumers in a health monitoring application. Furthermore, technological advancements in sensor networks can also contribute to the expansion of the 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 demand, supply, and sales, in addition to recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions.

Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.

The values obtained are correlated with the primary inputs of the key stakeholders in the sensor patch value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding 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

The sensor patch market has been analyzed through the following segments:

  • 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
  • By Geography
  • North America
  • USA
  • Canada
  • Mexico
  • Others
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others

Frequently Asked Questions (FAQs)

The global sensor patch market is projected to grow at a CAGR of 43.40% over the forecast period.
Sensor Patch Market was valued at US$61.487 million in 2017.
Major industry players profiled as part of the sensor patch market report are Texas Instruments Incorporated, Proteus Digital Health, Inc., and Smartrac NV among others.
The sensor patch market is projected to reach a total market size of US$534.692 million by 2023.
Some of the factors which drive the growth of the global sensor patch market include rising healthcare expenditure and a growing preference for wearables by consumers in a health monitoring application.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY  
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. SENSOR PATCH MARKET BY TYPE
5.1. VHeart Rate Sensor Patch
5.2. Blood Pressure Sensor Patch
5.3. Blood Glucose Sensor Patch
5.4. ECG Sensor Patch
5.5. Others
6. SENSOR PATCH MARKET BY APPLICATION
6.1. Diagnostic
6.2. Monitoring
7. SENSOR PATCH MARKET BY END-USER INDUSTRY
7.1. Sports
7.2. Healthcare
8. SENSOR PATCH MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentia
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1.  Market Share Analysis
9.2.  Recent Investment and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. SMARTRAC N.V
10.1.1. Company Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Recent Developments
10.2. Proteus Digital Health, Inc.
10.2.1. Company Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Recent Developments
10.3. GENTAG, Inc.
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Recent Developments
10.4.  NanoSonic, Inc.
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Recent Developments
10.5.  iRhythm Technologies, Inc.
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Recent Developments
10.6. VitalConnect
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Recent Developments
10.7. Kenzen, Inc.
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Recent Developments
10.8. Texas Instruments Incorporated
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Recent Developments
LIST OF FIGURES
LIST OF TABLES
 

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