Sensor Patch Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Heart Rate Sensor Patch, Blood Pressure Sensor Patch, Blood Glucose Sensor Patch, ECG Sensor Patch, Others), By Application (Diagnostic, Monitoring), By End-User Industry (Sports, Healthcare), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061611370 Pages: 126

The sensor patch market is projected to grow at a CAGR of 43.40% to reach US$534.692 million by 2023, from US$61.487 million in 2017. The sensor patches are wearable digital health devices that are used majorly for healthcare applications such as geriatric care, long-term medical care, and childcare. These devices are used to determine and measure moisture conditions in medical care areas. Apart from medical applications, the sensor patch devices can also be used in the fitness and sports applications. Some of the factors which drive the growth of global sensor patch market include rising healthcare expenditure, growing preference for wearables by consumers in health monitoring application. Furthermore, the technological advancements in sensor networks can also contribute towards the expansion of sensor patch market.  However, various health insurance portability and accountability compliances can inhibit the growth of the market.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the sensor patch value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Major industry players profiled as part of the report are Texas Instruments Incorporated, Proteus Digital Health, Inc., and Smartrac NV among others.  

Sensor Patch Market Scope:

Report Metric Details
 Market size value in 2017  US$61.487 million
 Market size value in 2023  US$534.692 million
 Growth Rate  CAGR of 43.40% from 2017 to 2023
 Base year  2017
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  SMARTRAC NV, Proteus Digital Health, Inc., GENTAG, Inc., NanoSonic, Inc., iRhythm   Technologies, Inc., VitalConnect, Kenzen, Inc., Texas Instruments Incorporated 
 Customization scope  Free report customization with purchase

Segmentation

The sensor patch market has been analyzed through following segments:

By Type

Heart Rate Sensor Patch

Blood Pressure Sensor Patch

Blood Glucose Sensor Patch

ECG Sensor Patch

Others

 

By Application

Diagnostic

Monitoring

 

By End-User Industry

Sports

Healthcare

 

By Geography

North America

USA

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others


Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for sensor patch market?
A1. The global sensor patch market is projected to grow at a CAGR of 43.40% over the forecast period.


Q2. What is the size of global sensor patch market?
A2. Sensor Patch market was valued at US$61.487 million in 2017.


Q3. Who are the major players in the sensor patch market?
A3. Major industry players profiled as part of the sensor patch market report are Texas Instruments Incorporated, Proteus Digital Health, Inc., and Smartrac NV among others.  


Q4. What will be the sensor patch market size by 2023?
A4. The sensor patch market is projected to reach a total market size of US$534.692 million by 2023.


Q5. What factors are anticipated to drive the sensor patch market growth?
A5. Some of the factors which drive the growth of the global sensor patch market include rising healthcare expenditure, growing preference for wearables by consumers in a health monitoring application.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY  
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. SENSOR PATCH MARKET BY TYPE
5.1. VHeart Rate Sensor Patch
5.2. Blood Pressure Sensor Patch
5.3. Blood Glucose Sensor Patch
5.4. ECG Sensor Patch
5.5. Others
6. SENSOR PATCH MARKET BY APPLICATION
6.1. Diagnostic
6.2. Monitoring
7. SENSOR PATCH MARKET BY END-USER INDUSTRY
7.1. Sports
7.2. Healthcare
8. SENSOR PATCH MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentia
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1.  Market Share Analysis
9.2.  Recent Investment and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. SMARTRAC N.V
10.1.1. Company Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Recent Developments
10.2. Proteus Digital Health, Inc.
10.2.1. Company Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Recent Developments
10.3. GENTAG, Inc.
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Recent Developments
10.4.  NanoSonic, Inc.
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Recent Developments
10.5.  iRhythm Technologies, Inc.
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Recent Developments
10.6. VitalConnect
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Recent Developments
10.7. Kenzen, Inc.
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Recent Developments
10.8. Texas Instruments Incorporated
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Recent Developments
LIST OF FIGURES
LIST OF TABLES
 
SMARTRAC NV
Proteus Digital Health, Inc.
GENTAG, Inc.
NanoSonic, Inc.
iRhythm Technologies, Inc.
VitalConnect
Kenzen, Inc.
Texas Instruments Incorporated
 

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