Published Year: 2023
Wearable Patches Market - A Global and Regional Analysis: Focus on Usage Type, Application, End User
The global wearable patches market was valued at $10,462.4 million in 2022 and is expected to...
Market Research Report
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Table of Contents
1.1 Market Outlook
1.1.1 Product Definition
1.1.2 Inclusion and Exclusion Criteria
1.1.3 Key Findings
1.1.4 Market Scenario
1.1.4.1 Realistic Growth Scenario
1.1.4.2 Optimistic Growth Scenario
1.1.4.3 Pessimistic Growth Scenario
1.2 Industry Outlook
1.2.1 Key Trends
1.2.1.1 Seamless Connectivity among Devices
1.2.1.2 Use of Wearable Patches to Improve Patient Healthcare Outcomes with Machine Learning Algorithms
1.2.1.3 Increase in Adoption of Wearable Patches for Homecare Settings
1.2.2 Technology Landscape
1.2.3 Product Benchmarking
1.2.4 Wearable Patch Material
1.2.5 Patent Analysis
1.2.5.1 Patent Publication Growth Trend
1.2.5.2 Patent Analysis (by Country/Cluster)
1.3 Impact of COVID-19
1.3.1 Rise in the Adoption of Wearable Patches
1.3.2 Data Collection and Saving of Medical Records
1.3.3 Impact on Market Size
1.3.3.1 Pre-COVID-19 Phase
1.3.3.2 During COVID-19 Phase
1.3.3.3 Post-COVID-19 Phase
2.1 Asia-Pacific
2.1.1 Key Finding and Opportunity Assessment
2.1.2 Regulatory Framework
2.1.3 Reimbursement Scenario
2.1.4 Market Dynamics
2.1.4.1 Impact Analysis
2.1.4.2 Business Drivers
2.1.4.3 Business Restraints
2.1.5 Market Sizing and Forecast
2.1.5.1 Asia-Pacific Wearable Patches Market (by Application)
2.1.5.2 Asia-Pacific Wearable Patches Market (by Usage Type)
2.1.5.3 Asia-Pacific Wearable Patches Market (by End User)
2.1.5.4 Asia-Pacific Wearable Patches Market (by Country)
2.1.5.4.1 Japan
2.1.5.4.1.1 Market Dynamics
2.1.5.4.1.1.1 Business Drivers
2.1.5.4.1.1.2 Business Restraints
2.1.5.4.1.2 Key Companies
2.1.5.4.1.3 Raw Material Supplying Companies
2.1.5.4.1.4 Pricing Trend
2.1.5.4.1.5 Units Sold
2.1.5.4.1.6 Market Sizing and Forecast
2.1.5.4.1.6.1 Japan Wearable Patches Market (by Application)
2.1.5.4.1.6.2 Japan Wearable Patches Market (by End User)
2.1.5.4.1.6.3 Japan Wearable Patches Market (by Usage Type)
2.1.5.4.2 China
2.1.5.4.2.1 Market Dynamics
2.1.5.4.2.1.1 Business Drivers
2.1.5.4.2.1.2 Business Restraints
2.1.5.4.2.2 Key Companies
2.1.5.4.2.3 Raw Material Supplying Companies
2.1.5.4.2.4 Pricing Trend
2.1.5.4.2.5 Recent Developments
2.1.5.4.2.6 Units Sold
2.1.5.4.2.7 Market Sizing and Forecast
2.1.5.4.2.7.1 China Wearable Patches Market (by Application)
2.1.5.4.2.7.2 China Wearable Patches Market (by End User)
2.1.5.4.2.7.3 China Wearable Patches Market (by Usage Type)
2.1.5.4.3 India
2.1.5.4.3.1 Market Dynamics
2.1.5.4.3.1.1 Business Drivers
2.1.5.4.3.1.2 Business Restraints
2.1.5.4.3.2 Key Companies
2.1.5.4.3.3 Raw Material Supplying Companies
2.1.5.4.3.4 Pricing Trend
2.1.5.4.3.5 Units Sold
2.1.5.4.3.6 Market Sizing and Forecast
2.1.5.4.3.6.1 India Wearable Patches Market (by Application)
2.1.5.4.3.6.2 India Wearable Patches Market (by End User)
2.1.5.4.3.6.3 India Wearable Patches Market (by Usage Type)
2.1.5.4.4 South Korea
2.1.5.4.4.1 Market Dynamics
2.1.5.4.4.1.1 Business Drivers
2.1.5.4.4.1.2 Business Restraints
2.1.5.4.4.2 Key Companies
2.1.5.4.4.3 Raw Material Supplying Companies
2.1.5.4.4.4 Pricing Trend
2.1.5.4.4.5 Recent Developments
2.1.5.4.4.6 Units Sold
2.1.5.4.4.7 Market Sizing and Forecast
2.1.5.4.4.7.1 South Korea Wearable Patches Market (by Application)
2.1.5.4.4.7.2 South Korea Wearable Patches Market (by End User)
2.1.5.4.4.7.3 South Korea Wearable Patches Market (by Usage Type)
2.1.5.4.5 Australia and New Zealand
2.1.5.4.5.1 Market Dynamics
2.1.5.4.5.1.1 Business Drivers
2.1.5.4.5.1.2 Business Restraints
2.1.5.4.5.2 Key Companies
2.1.5.4.5.3 Raw Material Supplying Companies
2.1.5.4.5.4 Pricing Trend
2.1.5.4.5.5 Recent Developments
2.1.5.4.5.6 Units Sold
2.1.5.4.5.7 Market Sizing and Forecast
2.1.5.4.5.7.1 Australia and New Zealand Wearable Patches Market (by Application)
2.1.5.4.5.7.2 Australia and New Zealand Wearable Patches Market (by End User)
2.1.5.4.5.7.3 Australia and New Zealand Wearable Patches Market (by Usage Type)
2.1.5.4.6 Rest-of-Asia-Pacific
2.1.5.4.6.1 Market Dynamics
2.1.5.4.6.1.1 Business Drivers
2.1.5.4.6.1.2 Business Restraints
2.1.5.4.6.2 Key Companies
2.1.5.4.6.3 Raw Material Supplying Companies
2.1.5.4.6.4 Pricing Trend
2.1.5.4.6.5 Recent Developments
2.1.5.4.6.6 Units Sold
2.1.5.4.6.7 Market Sizing and Forecast
2.1.5.4.6.7.1 Rest-of-Asia-Pacific Wearable Patches Market (by Application)
2.1.5.4.6.7.2 Rest-of-Asia-Pacific Wearable Patches Market (by End User)
2.1.5.4.6.7.3 Rest-of-Asia-Pacific Wearable Patches Market (by Usage Type)
3.1 Competitive Landscape
3.1.1 Regulatory and Legal Activities
3.1.2 New Offerings
3.1.3 Partnerships, Collaborations, and Business Expansions
3.1.4 Mergers and Acquisitions
3.1.5 Funding Activities
3.2 Company Profile
3.2.1 Established Companies
3.2.1.1 OMRON Corporation
3.2.1.1.1 Company Overview
3.2.1.1.2 Role of OMRON Corporation in the Wearable Patches Market
3.2.1.1.3 Financials
3.2.1.1.4 Recent Developments
3.2.1.1.5 Analyst Perspective
Table 1: Key Challenges and Possible Solutions for Stakeholders in the Wearable Patches Market
Table 2: Wearable Patches Market, Quarterly Key Developments Analysis, January 2018-August 2023
Table 3: Key Questions Answered in the Report
Table 4: Wearable Patches Market, Different Parameters in Growth Scenarios
Table 5: Some of the Companies of Wearable Patches Market, Product Benchmarking
Table 6: Wearable Patches Raw Materials and Major Suppliers
Table 7: Asia-Pacific Wearable Patches Market, Regulatory Framework
Table 8: Asia-Pacific Wearable Patches Market, Impact Analysis
Table 9: Wearable Patches Raw Material Suppliers in Japan
Table 10: Pricing of Some Wearable Patches Based on Usage Type
Table 11: Wearable Patches Raw Material Suppliers in China
Table 12: Pricing of Some Wearable Patches Based on Usage Type
Table 13: Wearable Patches Raw Material Suppliers in India
Table 14: Pricing of Some Wearable Patches Based on Usage Type
Table 15: Wearable Patches Raw Material Suppliers in South Korea
Table 16: Pricing of Some Wearable Patches Based on Usage Type
Table 17: Companies in Australia and New Zealand and their Product Descriptions
Table 18: Wearable Patches Raw Material Suppliers in Australia and New Zealand
Table 19: Pricing of Some Wearable Patches Based on Usage Type
Table 20: Wearable Patches Raw Material Suppliers in Rest-of-Asia-Pacific
Table 21: Pricing of Some Wearable Patches Based on Usage Type
Figure 1: Asia-Pacific Wearable Patches Market, Realistic Growth Scenario, $Million, 2020-2031
Figure 2: Asia-Pacific Wearable Patches Market (by Application), Share (%), 2022 and 2031
Figure 3: Asia-Pacific Wearable Patches Market (by Usage Type), Share (%), 2022 and 2031
Figure 4: Wearable Patches Market (by Region), $Million, 2022 and 2031
Figure 5: Asia-Pacific Wearable Patches Market: Research Methodology
Figure 6: Primary Research Sources
Figure 7: Secondary Research
Figure 8: Data Triangulation
Figure 9: Wearable Patches Market, Research Process
Figure 10: Assumptions and Limitations
Figure 11: Wearable Patches Market, Realistic Growth Scenario, $Million, 2020-2031
Figure 12: Wearable Patches Market, Optimistic Growth Scenario, $Million, 2020-2031
Figure 13: Wearable Patches Market, Pessimistic Growth Scenario, $Million, 2020-2031
Figure 14: Wearable Patches Market, Patent Publication Growth Trend, January 2017-July 2022
Figure 15: Wearable Patches Market, Patent Filing Trend (by Country/Cluster), January 2017-July 2022
Figure 16: Wearable Patches Market, Pre-COVID-19 Phase, $Million, 2020-2031
Figure 17: Wearable Patches Market Share (by Region), 2021 and 2031
Figure 18: Asia-Pacific Wearable Patches Market Incremental Opportunity (by Country), $Million, 2021-2031
Figure 19: Asia-Pacific Wearable Patches Market, $Million, 2020-2031
Figure 20: Asia-Pacific Wearable Patches Market (by Application), $Million, 2020-2031
Figure 21: Asia-Pacific Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 22: Asia-Pacific Wearable Patches Market (by End User), $Million, 2020-2031
Figure 23: Asia-Pacific Wearable Patches Market (by Country), Share (%), 2021 and 2031
Figure 24: Japan Wearable Patches Market (by Usage Type), Units Sold (Thousand), 2020-2031
Figure 25: Japan Wearable Patches Market, $Million, 2020-2031
Figure 26: Japan Wearable Patches Market (by Application), $Million, 2020-2031
Figure 27: Japan Wearable Patches Market (by End User), $Million, 2020-2031
Figure 28: Japan Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 29: China Wearable Patches Market (by Usage Type), Units Sold (Thousand), 2020-2031
Figure 30: China Wearable Patches Market, $Million, 2020-2031
Figure 31: China Wearable Patches Market (by Application), $Million, 2020-2031
Figure 32: China Wearable Patches Market (by End User), $Million, 2020-2031
Figure 33: China Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 34: India Wearable Patches Market (by Usage Type), Units Sold (Thousand), 2020-2031
Figure 35: India Wearable Patches Market, $Million, 2020-2031
Figure 36: India Wearable Patches Market (by Application), $Million, 2020-2031
Figure 37: India Wearable Patches Market (by End User), $Million, 2020-2031
Figure 38: India Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 39: South Korea Wearable Patches Market (by Usage Type), Units Sold (Thousand), 2020-2031
Figure 40: South Korea Wearable Patches Market, $Million, 2020-2031
Figure 41: South Korea Wearable Patches Market (by Application), $Million, 2020-2031
Figure 42: South Korea Wearable Patches Market (by End User), $Million, 2020-2031
Figure 43: South Korea Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 44: Australia and New Zealand Wearable Patches Market (by Usage Type), Units Sold (Thousand), 2020-2031
Figure 45: Australia and New Zealand Wearable Patches Market, $Million, 2020-2031
Figure 46: Australia and New Zealand Wearable Patches Market (by Application), $Million, 2020-2031
Figure 47: Australia and New Zealand Wearable Patches Market (by End User), $Million, 2020-2031
Figure 48: Australia and New Zealand Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 49: Rest-of-Asia-Pacific Wearable Patches Market (by Usage Type), Units Sold (Thousand), 2020-2031
Figure 50: Rest-of-Asia-Pacific Wearable Patches Market, $Million, 2020-2031
Figure 51: Rest-of-Asia-Pacific Wearable Patches Market (by Application), $Million, 2020-2031
Figure 52: Rest-of-Asia-Pacific Wearable Patches Market (by End User), $Million, 2020-2031
Figure 53: Rest-of-Asia-Pacific Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 54: Share of Key Developments and Strategies, January 2018-August 2023
Figure 55: Regulatory and Legal Activities (by Company), Share (%), January 2018-August 2023
Figure 56: New Offerings (by Company), Share (%), January 2018-August 2023
Figure 57: Partnerships, Collaborations, and Business Expansions (by Company), Share (%), January 2018-August 2023
Figure 58: Mergers and Acquisitions (by Company), Share (%), January 2018-August 2023
Figure 59: Funding Activities (by Company), Share (%), January 2018-August 2023
Figure 60: OMRON Corporation: Overall Product Portfolio
Figure 61: OMRON Corporation: Overall Financials, $Million, 2020-2022
Figure 62: OMRON Corporation: Net Revenue (by Business Segment), $Million, 2022
Figure 63: OMRON Corporation: Net Revenue (by Region), $Million, 2020-2022
Figure 64: OMRON Corporation: R&D Expenditure, $Million, 2020-2022
Asia-Pacific Wearable Patches Market Report Coverage
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Asia-Pacific Wearable Patches Market |
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|
Base Year |
2022 |
Market Size in 2023 |
$2,268.6 Million |
|
Forecast Period |
2023-2031 |
Value Projection and Estimation by 2031 |
$5,300.6 Million |
|
CAGR During Forecast Period |
11.19% |
|
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How can this report add value to an organization?
Product/Innovation Strategy: The APAC wearable patches market has been extensively segmented on the basis of various categories, such as usage type, application, end user, and region. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Growth/Marketing Strategy: Regulatory activities and partnerships accounted for the maximum number of key developments in the APAC Wearable Patches Market.
Competitive Strategy: The APAC wearable patches market has both established as well as emerging companies offering wearable patches across a range of usage types. Key players in the APAC wearable patches market that are analyzed and profiled in the study involve established players that offer various kinds of wearable patches.
Introduction to Asia-Pacific (APAC) Wearable Patches Market
The Asia-Pacific wearable patches market was valued at $2,268.6 million in 2023 and is expected to reach $5,300.6 million by 2031, growing at a CAGR of 11.19% between 2023 and 2031. In the APAC market, the growth of the wearable patches market is propelled by several key factors. These include the need for continuous monitoring of body vitals without hindering movement, the rising incidence of chronic diseases such as diabetes and strokes, technological advancements, and the increasing elderly population.
Market Introduction
The wearable patches market in Asia-Pacific (APAC) is expanding rapidly, owing to a variety of drivers. With the rising frequency of chronic diseases including diabetes, strokes, and cardiovascular ailments, there is a greater need for innovative healthcare solutions that allow for continuous monitoring of vital signs and enhance patient outcomes. Wearable patches provide a non-invasive and convenient way to monitor physiological indicators such as heart rate, blood glucose levels, and skin temperature while continuing with regular activities.
Furthermore, the APAC area is experiencing tremendous technological breakthroughs in wearable technology, such as downsizing, greater sensor accuracy, and wireless connectivity, which improve the functioning and usability of wearable patches. These technology advancements are accelerating acceptance across a wide range of applications, including healthcare, fitness tracking, and remote patient monitoring.
Furthermore, the region's aging population creates a substantial market opportunity for wearable patches, as older persons seek ways to manage chronic health concerns and maintain independence. Furthermore, government measures supporting digital healthcare solutions and incorporating wearable technology into healthcare systems are driving market expansion in APAC.
Overall, the APAC wearable patches market is expected to grow significantly, driven by a confluence of factors such as increased chronic disease prevalence, technology innovation, and favorable regulatory frameworks. This creates huge opportunity for enterprises to capitalize on the region's growing demand for wearable healthcare solutions.
Market Segmentation:
Segmentation 1: by Usage Type
• Blood Glucose Patch
• Heart Rate and ECG Patch
• Temperature Patch
• TENS/EMS Patch
• Others
Segmentation 2: by Application
• Monitoring and Diagnostics
• Therapeutics
Segmentation 3: by End User
• Homecare
• Ambulatory Surgical Center
Segmentation 4: by Country
• Japan
• India
• China
• South Korea
• Australia and New Zealand
• Rest-of-Asia-Pacific
Asia-Pacific Wearable Patches Market
Focus on Usage Type, Application, End User, and Country - Analysis and Forecast, 2023-2031
Some Faq's
Frequently Asked Questions
Wearable technology is experiencing rapid growth, with the global market projected to expand at a compound annual growth rate (CAGR) of over 10.19% from 2023 to 2031. Factors driving this growth include increasing adoption of smartwatches, fitness trackers, and healthcare wearables, alongside technological advancements and rising health consciousness.
The global wearable patches market was valued at $10,462.4 million in 2022 and is expected to reach $26,892.7 million by 2031, growing at a CAGR of 10.19% between 2023 and 2031.
Medical technology companies offering wearable devices, as well as startups looking to enter the medical wearable technology market, should buy this report.
The following are the USPs of this report:
• Impact of COVID-19
• Patent analysis
• Product benchmarking
• Pricing trends, key companies, raw material manufacturers, recent developments, and units of wearable patches (by usage type) sold for each country
• Company profiles of emerging players
• The report provides a comprehensive list of raw material suppliers for APAC wearable patches
• It also features a detailed analysis of the market (in terms of units sold and market size)
• Further, it provides an extensive reimbursement landscape for such devices across different countries.
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