Sensor Patch Market 2018 Global Prominent Key Players: Feeligreen SA, Isansys Lifecare, iRhythm Technologies, Leaf Healthcare, Abbott Laboratories, Medtronic, DexCom, Texas Instruments

Market Research Future published a research report on “Global Sensor Patch Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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.

The global sensor patch market is expected to reach approximately USD 600 million by the end of 2023 with 45% CAGR during forecast period 2017-2023.

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Latest Industry Highlights:

• Medtronic, 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.

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

Regional Analysis:

Regionally, North America accounted for the largest market share from countries such U.S. and Canada among others. The reason is attributed to various technologically advanced medical devices, increasing demand for monitoring devices by the growing population, increasing investments in research & development and also increasing capabilities of R&D are broadening the application areas of sensor patch. However, Asia-Pacific is expected to grow over the forecast period, 2017-2023. The reason is attributed to growing demand for high-end technology solutions, urbanization and increasing acceptance of innovative technologies.

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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

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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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