by Product (Temperature Patch, Blood Glucose Patch, Blood Pressure Patch, Heart Rate Patch & ECG Patch, Skin Care Patch, and Others) and End Use (Healthcare and Fitness and Sports): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global wearable patch industry generated $12.23 billion in 2019, and is expected to reach $27.82 billion by 2027, witnessing a CAGR of 9.6% from 2020 to 2027.
Prime Determinants of Growth
Technological advancements, surge in consumer awareness, and increase in prevalence of chronic diseases drive the growth of the global wearable patch market. However, expensive nature of sensor patch and concerns regarding data privacy and security hinder the market growth. On the other hand, increase in adoption of telehealth and demand for the connected wearable patches present new opportunities in the coming years.
(1)
BANGALORE, India, March 16, 2021 /PRNewswire/ The
Wearable Patch Market is Segmented by Product (Temperature Patch, Blood Glucose Patch, Blood Pressure Patch, Heart Rate Patch & ECG Patch, Skin Care Patch, and Others) and End Use (Healthcare and Fss and Sports). This report covers Global Opportunity Analysis and Industry Forecast from 20itne20 to 2027. This report is published on
Valuates Reports in the
Medical Devices & Equipment Category.
The global Wearable Patch Market size was valued at USD 12,239.7 Million in 2019 and is projected to reach USD 27,820.5 Million by 2027, registering a CAGR of 9.6% from 2020 to 2027.
Major factors driving the growth of the wearable patch market size are:
Valuates Reports
Share this article
BANGALORE, India, March 16, 2021 /PRNewswire/ The
Wearable Patch Market is Segmented by Product (Temperature Patch, Blood Glucose Patch, Blood Pressure Patch, Heart Rate Patch & ECG Patch, Skin Care Patch, and Others) and End Use (Healthcare and Fss and Sports). This report covers Global Opportunity Analysis and Industry Forecast from 20itne20 to 2027. This report is published on
Major factors driving the growth of the wearable patch market size are:
Rise in technological advancements in wearable patches, continuous monitoring of patients, precise data, minimal interference with physical movements, and easier connectivity with smartphones propels the wearable patch market.