Press release
Future of the Sensor Patch Market: Strategic Analysis and Forecast to 2034
Sensor Patch Market
Sensor Patch Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for sensor patch has been increasing rapidly over the past few years. Its growth is set to rise from $4.13 billion in 2024 to $6.01 billion in 2025, boasting a compound annual growth rate (CAGR) of 45.7%. The substantial growth in this sector can be linked to factors such as a rise in chronic illnesses, heightened awareness towards continuous health supervision, increased utilization of remote patient monitoring systems, a growing older population, and an increased emphasis on preemptive healthcare.
Sensor Patch Market Size Forecast: What's the Projected Valuation by 2029?
The market size for sensor patches is anticipated to experience considerable expansion in the following years, projecting to escalate to $26.87 billion in 2029, with a compound annual growth rate (CAGR) of 45.4%. This projected growth within the forecasted period is credited to factors like an increased demand for healthcare solutions at home, a rise in lifestyle-related diseases, a broader adoption of Internet of Medical Things, a heightened necessity for remote and contactless diagnostics, and more acceptance of digital health platforms. Major trends to be seen during this forecast period range from the production of biocompatible materials and non-invasive biomarker detection, to integration with mobile health apps, advancements in self-healing materials and multimodal sensing technologies, and incorporation within telehealth ecosystems.
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What Are the Drivers Transforming the Sensor Patch Market?
The surge in telehealth usage is predicted to spur the expansion of the sensor patch market. Telehealth involves using digital communication tools to provide healthcare services and information from a distance. The growing need for constant remote patient monitoring has fueled the rise of telehealth as it enables early health issue identification and eliminates the necessity for physical visits. Sensor patches amplify telehealth by providing immediate, non-invasive health tracking, making them perfect for remote care and management of chronic diseases. They minimize the frequency of clinic visits by consistently broadcasting crucial information, enhancing healthcare accessibility and patient results. For example, the Australian Digital Health Agency, a government organization based in Australia, reported in May 2024 that from March 2020 to July 2022, more than 95,000 practitioners had taken advantage of telehealth services, and 118.2 million telehealth services were delivered to 18 million patients. Hence, the rising trend of telehealth usage is fueling the sensor patch market's growth.
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What Long-Term Trends Will Define the Future of the Sensor Patch Market?
Leading firms in the sensor patch market are turning their attention to the creation of innovative gadgets such as streamlined, sticky devices designed for optimal comfort and ongoing health monitoring. These are small, convenient-to-wear sensors that securely attach to the skin, facilitating continual and comfortable health tracking. For example, in 2023, VivaLNK Inc., a software development firm based in the US, introduced a wearable electrocardiogram (ECG) patch with a 14-day live stream capability. This patch, a health device, delivers constant monitoring of a patient's heart function for up to two weeks, supplying immediate access to cardiac data feeds. The patch records multiple health indicators, including heart and respiration rates, as well as skin temperature. It also incorporates a powerful onboard memory to ensure data capture is unbroken even in the event of connectivity disruptions. Crafted to be compact, reusable, and water-resistant, this innovative patch effortlessly interfaces with mobile and clinical apps to enable remote patient oversight and sophisticated detection of arrhythmia.
Which Segments in the Sensor Patch Market Offer the Most Profit Potential?
The sensor patch market covered in this report is segmented -
1) By Product Type: Temperature Sensor Patch, Blood Glucose Sensor Patch, Blood Pressure Or Flow Sensor Patch, Heart Rate Sensor Patch, Electrocardiogram(ECG) Sensor Patch, Blood Oxygen Sensor Patch, Other Product Types
2) By Wearable Type: Wristwear, Footwear, Neckwear, Bodywear
3) By Application: Monitoring, Diagnostics, Medical Therapeutics
4) By End-Use: Fitness, Healthcare, Sports, Other End-Uses
Subsegments:
1) By Temperature Sensor Patch: Continuous Temperature Monitoring Patch, Spot-Check Temperature Patch
2) By Blood Glucose Sensor Patch: Continuous Glucose Monitoring (CGM) Patch, Intermittent Glucose Monitoring Patch
3) By Blood Pressure Or Flow Sensor Patch: Continuous Blood Pressure Monitoring Patch, Intermittent Blood Pressure Monitoring Patch, Blood Flow Monitoring Patch
4) By Heart Rate Sensor Patch: Continuous Heart Rate Monitoring Patch, Spot-Check Heart Rate Patch
5) By Electrocardiogram (ECG) Sensor Patch: Single-Lead Electrocardiogram Patch, Multi-Lead Electrocardiogram Patch, Wearable Or Extended Monitoring Electrocardiogram Patch
6) By Blood Oxygen Sensor Patch: Continuous Blood Oxygen Monitoring Patch, Spot-Check Blood Oxygen Patch
7) By Other Product Types: Motion Sensor Patch, Hydration Sensor Patch, Sweat Analysis Sensor Patch, Respiratory Rate Sensor Patch
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Which Firms Dominate the Sensor Patch Market by Market Share and Revenue in 2025?
Major companies operating in the sensor patch market are Abbott Laboratories, Medtronic plc, Texas Instruments Incorporated, Avery Dennison Corp., Dexcom Inc., iRhythm Technologies Inc., Nanosonics Limited, AliveCor Inc, Onera Health B.V., Nemaura Medical Inc, VitalConnect Inc., Rhaeos Inc, Theranica Bio-Electronics Ltd., GENTAG Inc., G-Tech Medical Inc., Isansys Lifecare Limited, Kenzen Inc., Nemaura Medical Inc., SmartCardia SA, VivaLNK Inc.
Which Regions Offer the Highest Growth Potential in the Sensor Patch Market?
North America was the largest region in the sensor patch market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sensor patch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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