Wearable Patch Market Massive Revenue, Key Opportunities and Challenges | Medtronic Plc, Hill-Rom Holdings, Inc. (Welch Allyn), iRhythm Technologies

The global Wearable Patch market report by Coherent Market Insights provides a detailed analysis of the area marketplace expanding; competitive landscape; global, regional, and country-level market size; market growth analysis; market share; opportunities analysis; product launches; recent developments; sales analysis; segmentation growth; technological innovations; and value chain optimization. The report offers a comprehensive list of key players, their strategies they adopt to sustain in the market. All of this and more information is covered in XXX pages.

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Wearable patches are used for monitoring and diagnosis of chronic diseases. Increasing prevalence of diseases such as atrial fibrillation has led to increase in demand for wearable patches for early diagnosis. This rising demand has led by major players in the market to launch new and technologically advanced wearable patch. For instance, in July 2018, LifeSignals, a solution provider for health and wellbeing, received the U.S. Food and Drugs Administration (FDA) approval for wireless LP1100 Life Signal Patch, a next generation wearable healthcare monitoring device. LP1100 Life Signal Patch is a clinical-grade, two-lead ECG, and heart rate monitoring patch, which has three-day monitoring capacity.

Furthermore, in November 2018, L’Oreal and La Roche-Posay launched ‘My Skin Track UV’, a wearable skin and sun safety sensor to help women and men to track their personalized exposure to UV, pollution, pollen, and humidity.

However, high cost of sensor monitoring patch is expected to hinder growth market growth in emerging economies such as India, Brazil and China. The average price of ECG sensor patch is around US$ 300 to US$ 4,500. Market players, who can address the cost issue and can offer high quality products in emerging economies are expected to enhance their market share in the particular region.

The Wearable Patch Market Report Addresses:

♦ Market definition

♦ Estimated market size (historic and future)

♦ Information about individual segments

♦ Dominant and fast growing segments

♦ Key regions of the market

♦ Governing bodies and regulations

♦ Drivers, restraints, and opportunities in the market

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The Report Provides:

♦ Market overview

♦ Comprehensive analysis of the market

♦ Recent developments in the market

♦ Market development over the past few years

♦ Emerging segments and regional markets

♦ Segmentations up to the second and/or third level

♦ Historical, current, and estimated market size, in terms of value and volume

♦ Competitive analysis having company overview, products, revenue, and strategies

♦ Strategic recommendations that help companies increase their market presence

Key Players

Major players operating in the global wearable patch market include Medtronic Plc, Hill-Rom Holdings, Inc. (Welch Allyn), iRhythm Technologies, Inc., AliveCor, Inc., Vivalnk, Inc., Cardiac Insight Inc., VitalConnect, LifeSignals, Inc., L’oreal Group, Dexcom, Inc., GENTAG, Inc., Abbott Laboratories, and Koninklijke Philips N.V.

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