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According to our (Global Info Research) latest study, the global Connected Wearable Patches market size was valued at USD 733 million in 2023 and is forecast to a readjusted size of USD 10150 million by 2030 with a CAGR of 45.6% during review period.
Connected wearable patches include patches, tattoos, or small devices that are affixed to the skin and worn for a limited period of time, ranging from an hour to several weeks. The patches also have an element of wireless connectivity, and have a medical, health, or wellness purpose that can range from monitoring physiological data to delivering medication.
The half of market share in revenue is grasped by the top two manufacturers, Sensium Healthcare and iRhythm, which closes to 50 per cent totally. The United Kingdom manufacturer Sensium Healthcare, which has 27% revenue market share, is the leader in the connected wearable patches industry. The manufacturer following Sensium Healthcare is iRhythm, which has 22% market share globally. North America is the largest consumption place, with a consumption market share nearly 66%. Following North America, Europe is the second largest consumption place with the consumption market share of 14%.
The Global Info Research report includes an overview of the development of the Connected Wearable Patches industry chain, the market status of Monitoring, Detection, and Diagnosis (Clinical Use, Non-Clinical Use), Managing and Treatment (Clinical Use, Non-Clinical Use), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Connected Wearable Patches.
Regionally, the report analyzes the Connected Wearable Patches markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Connected Wearable Patches market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Connected Wearable Patches market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Connected Wearable Patches industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Clinical Use, Non-Clinical Use).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Connected Wearable Patches market.
Regional Analysis: The report involves examining the Connected Wearable Patches market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Connected Wearable Patches market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Connected Wearable Patches:
Company Analysis: Report covers individual Connected Wearable Patches manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Connected Wearable Patches This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Monitoring, Detection, and Diagnosis, Managing and Treatment).
Technology Analysis: Report covers specific technologies relevant to Connected Wearable Patches. It assesses the current state, advancements, and potential future developments in Connected Wearable Patches areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Connected Wearable Patches market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Connected Wearable Patches market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Clinical Use
- Non-Clinical Use
Market segment by Application
- Monitoring, Detection, and Diagnosis
- Managing and Treatment
- Health, Wellness, and Prevention
- Clinical Trials
Major players covered
- IRhythm
- Medtronic/Zephyr Technology
- Sensium Healthcare
- Vancive Medical
- Vital Connect
- Preventice
- Gentag Inc.
- Ilece IOT
- Blue Spark
- Chrono Therapeutics
- Proteus Digital Health
- G-Tech Medical
- STEMP
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Connected Wearable Patches product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Connected Wearable Patches, with price, sales, revenue and global market share of Connected Wearable Patches from 2019 to 2024.
Chapter 3, the Connected Wearable Patches competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Connected Wearable Patches breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Connected Wearable Patches market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Connected Wearable Patches.
Chapter 14 and 15, to describe Connected Wearable Patches sales channel, distributors, customers, research findings and conclusion.