Wearable Skin Patch Market 2018 Expected to Grow at CAGR 90.32% According To Forecast of 2024
The Wearable Skin Patch Market accounted to USD 931.93 million in 2016 growing at a CAGR of 90.32% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Wearable Skin Patch Market By Technology (Regular Wearable, Connected Wearable), By Application (Clinical applications, Non-Clinical Applications), By Geography – Industry Trends and Forecast to 2024
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• GENTAG, Inc.,
• Insulet Corporation,
• Kenzen, Inc.,
• CeQur SA,
• Chrono Therapeutics Inc.,
• Dexcom, Inc.,
• G-Tech Inc.,
• HIVOX BIOTEK INC.,
• iRhythm Technologies, Inc.,
• Raiing Medical, Inc.,
• Isansys Lifecare,
• Sensium Healthcare Ltd.,
• Leaf Healthcare, Inc.,
• Iontera, Inc.,
• Qualcomm Technologies, Inc.,
• Indiegogo, Inc.,
• Laboratory Martí Tor,
• L’OREAL GROUP,
• X2 BIOSYSTEMS INC.,
• ZANSORS and YA-MAN LTD.
• among others.
The wearable skin patch market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wearable skin patch market for global, Europe, North America, Asia Pacific and South America.
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Major market drivers and restraints:
• Minimal interference with body movement
• Delivers precise data
• Easy connectivity with computing devices
• Rise in number of lifestyle diseases
• Rise in awareness of healthy lifestyle
• Emerging markets as increase in acceptance of wearable patches
• Restricted trust of patients in wearable patches
• Integration of sensors into computing devices and accessories
The Global Wearable Skin Patch Market is segmented by technology into regular wearable and connected wearable.
On the basis of application the market is segmented into clinical applications and non-clinical applications
On the basis of geography:-
North America & South America, Europe, Asia-Pacific and Middle East & Africa.
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