Press release
Sensor Patch Market 2018 by Global Leaders: Texas Instruments, Isansys Lifecare, iRhythm Technologies, Kenzen, Abbott Laboratories, Medtronic, DexCom, Feeligreen SA, G-Tech Medical
Market Highlights
The global sensor patch market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The sensor patch market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the sensor patch market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.
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Latest Industry Highlights:
• Medtronic (MDT), a prominent medical device company based in Dublin, Ireland has recently announced that its latest indication for Guardian Sensor 3 got FDA clearance. With addition of the expanded indication the sensor can now be worn on the upper arm, hence providing a greater user experience with enhanced performance and higher accuracy.
• Reportedly, FDA recently approved the commercial marketing of Dexcom’s G6 integrated continuous glucose monitoring (iCGM) system. Primary function of the device is to determine level of body glucose. FDA classified (iCGM) system under less-stringent class II medical device.
Key Players:
The key players in the global sensor patch market include- Frontier Smart Technologies Group Ltd. (UK), Abbott Laboratories (US), Medtronic (Ireland), DexCom (US), Feeligreen SA (France), G-Tech Medical Inc. (US), Texas Instruments (US), Isansys Lifecare Ltd. (UK), iRhythm Technologies (US), Kenzen Inc. (US) and Leaf Healthcare Inc. (US) among others.
Regional Overview
On the basis of region, the global market for sensor patch has been segmented into Europe, North-America, Asia-Pacific and rest of world (RoW). North America, led by the U.S., currently accounts for the highest market share. This is mainly attributed to the presence of established players in the region and easy availability of the latest versions of sensor patch in both the U.S and Canada. Moreover, increased government support in medical science research and development programs is reflecting favourably on the region’s market. Meanwhile, the market in Asia Pacific is also projected to witness a healthy growth over 2023. Improving healthcare system and rising per capita income is creating markets opportunities for various high-end healthcare products including sensor patch.
Segments
For the purpose of this study, Market Research Future has segmented the market of sensor patch into application, end-users and region.
Application-
• Diagnostic
• Monitoring
• Imaging
• Wellness and Fitness
• Medical therapeutics
• Others
End-users-
• Healthcare
• Fitness
• Sports
• Others
Region
• North-America
• Europe
• Asia-Pacific
• RoW
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Intended Audience
• Device manufacturers
• Network Operators
• Distributors
• Suppliers
• Research firms
• Software Developers
• Commercial Banks
• Vendors
• Government Agencies
• Cyber security Vendors
• End-user sectors
• Technology Investors
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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