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 2023 To 2028

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, sensor patch devices can also be used in fitness and sports applications. Some of the factors which drive the growth of the global sensor patch market include rising healthcare expenditure and a growing preference for wearables by consumers in a health monitoring application. Furthermore, technological advancements in sensor networks can also contribute to the expansion of the 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 demand, supply, and sales, in addition to 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 a faster and more 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.  

Segmentation

The sensor patch market has been analyzed through the 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