Global Sensor Patch Market is valued at USD 1.2 Billion in 2021 and expected to reach USD 9.8 Billion by 2028 with a CAGR of 30.7% over the forecast period.
Global Sensor Patch Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: The increased need for compact healthcare devices and readily worn patch detectors are primary drivers of the sensing patch industry's development. Furthermore, growth in the global aging population is among the primary variables that assist them to identify the percentage of sugar, which is a relatively prevalent concern among the elderly.
Intelligent patches constitute a type of portable sensor that is commonly utilized in the medical field. They are placed on the body of the patient with just an adhesive and have a foam component as well as integrated circuitry to detect physiological signals including the patient's heartbeat. Recent developments indicate that patch performance will continue to increase, along with convenience and downsizing. This involves making these wearable technologies more affordable and long-lasting which will drive market growth.
Sensor patch is particularly meant to assess moisture situations in various medical fields, for example, elderly care, longer journeys therapeutic treatment, and parenting, amongst many others. Sensor patches are widely used for monitoring reasons in many sectors, for example, services to people, healthcare, and gaming. Sensors play an important role in medical services because they may express certain mental states to patients. With advancements in technology, sensor patches are now available that may gather health information to invigorate preliminary treatment, and diagnoses, and also monitor treatment outcomes.
Sensors patches are utilized for continual screening and detection identification of COVID-19 instances that are untreated or pre-symptomatic. Such biosensors provide more complicated parameters including recovery, stress, exercise, and sleep, that are often estimated by combining cardiovascular and accelerometer-derived measurements. Product launches by major players are driving market growth For example LifeSignals confirmed the release of Biosensor Patch 1AX in April 2020 for the earlier detection and tracking of COVID-19 indications. Furthermore, Koninklijke Philips N.V. gained FDA clearance for the Philips Biosensor BX100, an intelligent patch for measuring vital indicators in COVID-19 individuals, in May 2020.
The global sensor patch market is segmented based on the technology, product wearable, application end-use, and region & country level. Based on technology, the global sensor patch market is segmented into conductometric, amperometric, and potentiometric. By product type, the global sensor patch market is segmented into blood glucose sensor patch, temperature sensor patch, blood pressure/flow sensor patch, ECG sensor patch, heart rate sensor patch, blood oxygen sensor patch, others. By wearable, the global sensor patch market is segmented into Footwear, Wristwear, Bodywear, Neckwear. By application, the global sensor patch market is segmented into monitoring, imaging, diagnostics, medical therapeutics, wellness and fitness, others. By end-user, the global sensor patch market is segmented into Fitness and Sports, Healthcare.
The regions covered in the global sensor patch market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Sensor Patch is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global sensor patch market report cover prominent players like
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On June 15, 2022; SweatWorks, a fitness-focused creative firm, is collaborating with hydration tracking business Nix Biosensors to develop the company's initial consumer device. SweatWorks will create the technology and user interface for a Nix sensor patch that detects sweat to deliver real-time hydration measurements.
Abbott Announces Advance Biowearables At Consumer Electronics Show
On January 6, 2022; Abbott has announced the development of Lingoi, a unique range of consumer wearables. Such bio wearables are intended to transform your body's distinct language into meaningful data that will assist you in tracking and measuring your overall well-being and health. The sensor technology is being developed to measure critical bodily signals including such as ketones, glucose, and lactate, and it may one day be utilized to monitor alcohol levels.
Vivalink Launched Multi-Vital Blood Pressure Patch for Distant Patient Monitoring
On May 22nd, 2022; Vivalink, a prominent developer of digital healthcare technologies, has announced the introduction of the world's first multi-vital heart rate patch for distant patient surveillance in corporate R&D. The sophisticated multimodal continuous signal processor patch captures ECG tracing, heart rate, breathing rate, and systolic and diastolic pressures on a unified device using electrically signal-based technology. The device has been approved by the FDA/NMPA for ECG as well as pulse rate, as well as the CE for ECG, heartbeat, and respiration rate.
Increasing Adoption of Internet of Medical Things (IoMT) Devices, Rising Innovation of Sensor Patches, ad Growing Trends of Telehealth Services are Some of the Major Factors Driving the Market Growth
In recent years, several sectors around the globe have embraced the Internet of Things (IoT). Sensors have always been a component of the Internet of Things, and are employed in a variety of applications. Because of developments in wireless innovation, device shrinking, and development in linked medical equipment, the usage of IoT emerging technologies in the healthcare industry, along with numerous other industries, is expanding.
The Internet of Things (IoT) connects the physical and electronic domains in order to increase diagnosis and therapeutic precision and efficiency, in addition to tracking and changing patient behavior and health condition in real-time. Furthermore, since the sensor patches constitute IoT devices, anybody who is without medical care can use them. Other innovations, including artificial intelligence, big data, mobile applications, and 3D manufacturing, are also enabling MedTech firms to grow. Telemedicine is utilized for online discussions in the same manner that sensor patches are utilized to monitor critical signs.
Telehealth is a new suggestion in the medical industry that has the potential to revolutionize the present model of treatment and provide access to better health benefits at a lower cost. Telehealth is the use of telecommunication technologies to provide and distribute healthcare electronically. Distant clients can more readily get clinical treatments through telehealth, and institutions can deliver emergency and critical care facilities virtually. The medical business is going into telehealth as more healthcare surveillance devices are introduced.
Sensor Patches are projected to be more expensive because they are electrical devices designed for personal health advantages. These sensor patches are created with high accuracy and clean room conditions due to their excellent dependability. Because the cost of these infrastructures is relatively expensive, the ultimate item price rises. This is the only impediment to business expansion, however owing to Industry 4.0 and healthcare technology, Sensor Patch prices may decrease in the next years.
Geographically, North America is predicted to lead the worldwide market, and this tendency is anticipated to remain throughout the projected timeline. The increased need for the installation and incorporation of healthcare equipment and medical IT technologies in this area is expected to offer patients with cost-effective and high-quality clinical treatment. As a result, several worldwide wearable technology providers are engaging in the industry in order to capitalize on the expanding potential. Furthermore, the COVID-19 pandemic has led to an enlarged patient pool throughout the area, particularly in India and China. The expanding patient population, as well as the increasing demand for accurate and fast detection and therapy of this condition, will drive market expansion.
The sensor patch is growing steadily in the Asia Pacific area and is expected to have the greatest CAGR over the projected period. The region's increased need for medical IT systems and healthcare equipment to deliver superior medical and cost-effective treatment to patients will drive industry demand. International corporations are expanding in the sector to take advantage of the expanding prospects. The COVID-19 infection has expanded the number of participant populations, particularly in India and China.
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 1.2 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 9.8 Billion
|Tables, Charts & Figures:
|Abbott, VitalConnect, Texas Instruments Incorporated, Smith+Nephew, Inc., Smartrac N.V., Sensium Healthcare Ltd., Proteus Digital Health, Inc., Preventice Solutions, Inc., Nemaura, NanoSonic Inc., Medtronic, MC10, Masimo, KENZEN, Isansys Ltd., iRhythm Technologies, Inc., Hocoma, G-Tech Inc., GENTAG, Inc., and Dexcom, Inc.
|By Technology, By Product Type, By Wearable Type, By Application, By End-User.
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
By Product Type:
By Wearable Type:
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