Press release
Smart Patches Market Segments and Overview: 2021, SWOT Analysis, Future Growth, Regional Volume and Forecast to 2031 | BioIntelliSence, Inc., iRhythm Technologies, Inc
A Latest intelligence report published by TMR Research with title "Global Smart Patches - Procurement Market Outlook to 2031. A detailed study accumulated to offer Latest insights about acute features of the Smart Patches - Procurement market. This report provides a detailed overview of key factors in the Global Smart Patches - Procurement Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.Major Players in This Report Include:
BioIntelliSence, Inc., iRhythm Technologies, Inc., BioTelemetry, Inc., Feeligreen, G-Tech Inc., GENTAG, Inc., The IONTO Team, Insulet Corporation, Tracxn Technologies, VivaLNK, Inc.
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Smart patches are non-intrusive devices that can be stuck on the body and can be utilized to monitor, diagnose, and deliver drug to a person. Smart patches work by continuously scanning the body and sending data to a smartphone application.
These patches are utilized for clinical and non-clinical applications. Current trends show increasingly versatile functionalities, improved comfort, and miniaturization of smart patches. This also includes aspects of sustainability and long-term use.
Smart Patches: Market Drivers
Increase in incidence of chronic and lifestyle diseases such as blood pressure, obesity, cardiac disorders, and diabetes is projected to boost the growth of the global smart patches market. According to the International Diabetes Federation (IDF), nearly 463 million adults (20 to 79 years) were living with diabetes in 2019, and the number is projected to reach 700 million by 2045.
Major companies offer products on an online platform. Consumers are more inclined toward the use of online platforms due to large number of options available, more promotional activities, better discounted pricing, and availability of information about product features, specifications, and comparison with other products. Sales of smart patches are increasing at the global level, as online channels offer active promotion through more effective content, customer engagement, feedback, guidance, and online apps for monitoring. The trend is likely to continue over the next few years, which, in turn, projected to drive the global smart patches market.
Smart Patches Market - Segmentation
Global smart patches market includes information divided into three segments: product, wearable, application, end user, and region. Changing industry trends and other crucial market dynamics associated with these segments of the global smart patches market have been discussed in detail.
Product
• Transdermal Transmission Patch
• Monitoring Patch
• Electric Stimulation Patch
• Wearable
• Wrist/Hand Wear
• Body Wear
Application
• Health Monitoring
• Drug Delivery
• Diagnosis
End User
• Home Care Settings
• Hospitals
• Clinics
Report Highlights:
• Comprehensive overview of parent market & substitute market
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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