Recent Development of Wearable Patch Market Report - Future Demand

Wearable patches can be attached to the skin or can be worn for few hours to a couple of weeks. These patches are becoming popular and can be used for drug delivery, patient monitoring, and diagnosing purpose. These patches are also been used for the treatment and delivery of medication such as nicotine patch in Nicotine Replacement Therapy (NRT) and anti-aging patches. The connected wearable patches feature wireless connectivity in addition to the features of regular wearable patches that help in monitoring the health of an individual and delivering drugs accordingly.

Increasing demand for innovation in existing wearable patches for monitoring and diagnosis of disease is expected to provide immense growth opportunities for industry players operating in the global market.

Key players in the market are focused on adopting strategies such as mergers and acquisitions, collaborations and partnerships, in order to expand their product portfolio and global presence in the wearable patch market. Increasing research and development and integration of artificial intelligence for product development are expected to drive the market growth over the forecast period.

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