Wearable Patches Market Size, Trend & Forecast to 2032

Market Research Report

A quick peek into the report

1.1   Global Market Outlook
1.1.1   Product Definition
1.1.2   Inclusion and Exclusion Criteria
1.1.3   Key Findings
1.1.4   Global 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)
1.2.6   Product Under Development
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
1.4   Business Dynamics
1.4.1   Impact Analysis
1.4.2   Business Drivers
1.4.2.1   Continuous Monitoring and Minimum Interference with Body Movement for Measurement of Vital Signs of Patients
1.4.2.2   Increasing Prevalence of Chronic Disorders (Diabetes, Strokes, etc.)
1.4.2.3   Rising Technological Advancement (Increased Connectivity with Cellphones and Precise Data)
1.4.2.4   Growing Geriatric Population
1.4.3   Business Restraints
1.4.3.1   High Cost and Lack of Adequate Reimbursement Limiting the Adoption of Wearable Patches
1.4.3.2   Concerns Regarding Data Privacy and Security of the Data Collected from Wearable Patches
1.4.4   Business Opportunities
1.4.4.1   Having an End-to-End Platform for Services
1.4.4.2   AI Algorithms for Wearable Patches for Better Clinical Outcome

2.1   Opportunity Assessment
2.2   Growth-Share Matrix
2.3   Monitoring and Diagnostics
2.4   Therapeutics

3.1   Opportunity Assessment
3.2   Growth-Share Matrix
3.3   Temperature Patch
3.4   Blood Glucose Patch
3.5   Heart Rate and ECG Patch
3.6   TENS and EMS Patch
3.7   Others

4.1   Opportunity Assessment
4.2   Growth-Share Matrix
4.3   Homecare
4.4   Hospital and Ambulatory Surgical Center

5.1   North America
5.1.1   Key Finding and Opportunity Assessment
5.1.2   Regulatory Framework
5.1.3   Market Dynamics
5.1.3.1   Impact Analysis
5.1.3.2   Business Drivers
5.1.3.3   Business Restraints
5.1.4   Market Sizing and Forecast
5.1.4.1   North America Wearable Patches Market (by Application)
5.1.4.2   North America Wearable Patches Market (by End User)
5.1.4.3   North America Wearable Patches Market (by Usage Type)
5.1.4.4   North America Wearable Patches Market (by Country)
5.1.4.4.1   U.S.
5.1.4.4.1.1   Market Dynamics
5.1.4.4.1.2   Sizing and Forecast
5.1.4.4.1.2.1   U.S. Wearable Patches Market (by Application)
5.1.4.4.1.2.2   U.S. Wearable Patches Market (by End User)
5.1.4.4.2   Canada
5.1.4.4.2.1   Market Dynamics
5.1.4.4.2.2   Sizing and Forecast
5.1.4.4.2.2.1   Canada Wearable Patches Market (by Application)
5.1.4.4.2.2.2   Canada Wearable Patches Market (by End User)
5.2   Europe
5.2.1   Key Finding and Opportunity Assessment
5.2.2   Regulatory Framework
5.2.3   Market Dynamics
5.2.3.1   Impact Analysis
5.2.3.2   Market Drivers
5.2.3.3   Market Restraints
5.2.4   Market Sizing and Forecast
5.2.4.1   Europe Wearable Patches Market (by Application)
5.2.4.2   Europe Wearable Patches Market (by Usage Type)
5.2.4.3   Europe Wearable Patches Market (by End User)
5.2.4.4   Europe Wearable Patches Market (by Country)
5.2.4.4.1   Germany
5.2.4.4.1.1   Market Dynamics
5.2.4.4.1.2   Market Sizing and Forecast
5.2.4.4.1.2.1   Germany Wearable Patches Market (by Application)
5.2.4.4.1.2.2   Germany Wearable Patches Market (by End User)
5.2.4.4.2   France
5.2.4.4.2.1   Market Dynamics
5.2.4.4.2.2   Market Sizing and Forecast
5.2.4.4.2.2.1   France Wearable Patches Market (by Application)
5.2.4.4.2.2.2   France Wearable Patches Market (by End User)
5.2.4.4.3   U.K.
5.2.4.4.3.1   Market Dynamics
5.2.4.4.3.2   Market Sizing and Forecast
5.2.4.4.3.2.1   U.K. Wearable Patches Market (by Application)
5.2.4.4.3.2.2   U.K. Wearable Patches Market (by End User)
5.2.4.4.4   Italy
5.2.4.4.4.1   Market Dynamics
5.2.4.4.4.2   Market Sizing and Forecast
5.2.4.4.4.2.1   Italy Wearable Patches Market (by Application)
5.2.4.4.4.2.2   Italy Wearable Patches Market (by End User)
5.2.4.4.5   Spain
5.2.4.4.5.1   Market Dynamics
5.2.4.4.5.2   Market Sizing and Forecast
5.2.4.4.5.2.1   Spain Wearable Patches Market (by Application)
5.2.4.4.5.2.2   Spain Wearable Patches Market (by End User)
5.2.4.4.6   Rest-of-Europe
5.2.4.4.6.1   Market Dynamics
5.2.4.4.6.2   Market Sizing and Forecast
5.2.4.4.6.2.1   Rest-of-Europe Wearable Patches Market (by Application)
5.2.4.4.6.2.2   Rest-of-Europe Wearable Patches Market (by End User)
5.3   Asia-Pacific
5.3.1   Key Finding and Opportunity Assessment
5.3.2   Regulatory Framework
5.3.3   Market Dynamics
5.3.3.1   Impact Analysis
5.3.3.2   Business Drivers
5.3.3.3   Business Restraints
5.3.4   Market Sizing and Forecast
5.3.4.1   Asia-Pacific Wearable Patches Market (by Application)
5.3.4.2   Asia-Pacific Wearable Patches Market (by Usage Type)
5.3.4.3   Asia-Pacific Wearable Patches Market (by End User)
5.3.4.4   Asia-Pacific Wearable Patches Market (by Country)
5.3.4.4.1   Japan
5.3.4.4.1.1   Market Dynamics
5.3.4.4.1.2   Market Sizing and Forecast
5.3.4.4.1.2.1   Japan Wearable Patches Market (by Application)
5.3.4.4.1.2.2   Japan Wearable Patches Market (by End User)
5.3.4.4.2   China
5.3.4.4.2.1   Market Dynamics
5.3.4.4.2.2   Market Sizing and Forecast
5.3.4.4.2.2.1   China Wearable Patches Market (by Application)
5.3.4.4.2.2.2   China Wearable Patches Market (by End User)
5.3.4.4.3   India
5.3.4.4.3.1   Market Dynamics
5.3.4.4.3.2   Market Sizing and Forecast
5.3.4.4.3.2.1   India Wearable Patches Market (by Application)
5.3.4.4.3.2.2   India Wearable Patches Market (by End User)
5.3.4.4.4   South Korea
5.3.4.4.4.1   Market Dynamics
5.3.4.4.4.2   Market Sizing and Forecast
5.3.4.4.4.2.1   South Korea Wearable Patches Market (by Application)
5.3.4.4.4.2.2   South Korea Wearable Patches Market (by End User)
5.3.4.4.5   Australia and New Zealand
5.3.4.4.5.1   Market Dynamics
5.3.4.4.5.2   Market Sizing and Forecast
5.3.4.4.5.2.1   Australia and New Zealand Wearable Patches Market (by Application)
5.3.4.4.5.2.2   Australia and New Zealand Wearable Patches Market (by End User)
5.3.4.4.6   Rest-of-Asia-Pacific
5.3.4.4.6.1   Market Dynamics
5.3.4.4.6.2   Market Sizing and Forecast
5.3.4.4.6.2.1   Rest-of-Asia-Pacific Wearable Patches Market (by Application)
5.3.4.4.6.2.2   Rest-of-Asia-Pacific Wearable Patches Market (by End User)
5.4   Latin America
5.4.1   Key Finding and Opportunity Assessment
5.4.2   Regulatory Framework
5.4.3   Market Dynamics
5.4.3.1   Impact Analysis
5.4.3.2   Business Drivers
5.4.3.3   Business Restraints
5.4.4   Market Sizing and Forecast
5.4.4.1   Latin America Wearable Patches Market (by Application)
5.4.4.2   Latin America Wearable Patches Market (by End User)
5.4.4.3   Latin America Wearable Patches Market (by Usage Type)
5.4.4.4   Latin America Wearable Patches Market (by Country)
5.4.4.4.1   Brazil
5.4.4.4.1.1   Market Dynamics
5.4.4.4.1.2   Sizing and Forecast
5.4.4.4.1.2.1   Brazil Wearable Patches Market (by Application)
5.4.4.4.1.2.2   Brazil Wearable Patches Market (by End User)
5.4.4.4.2   Mexico
5.4.4.4.2.1   Market Dynamics
5.4.4.4.2.2   Sizing and Forecast
5.4.4.4.2.2.1   Mexico Wearable Patches Market (by Application)
5.4.4.4.2.2.2   Mexico Wearable Patches Market (by End User)
5.4.4.4.3   Rest-of-Latin America
5.4.4.4.3.1   Market Dynamics
5.4.4.4.3.2   Sizing and Forecast
5.4.4.4.3.2.1   Rest-of-Latin America Wearable Patches Market (by Application)
5.4.4.4.3.2.2   Rest-of-Latin America Wearable Patches Market (by End User)
5.5   Middle East and Africa
5.5.1   Key Finding and Opportunity Assessment
5.5.2   Regulatory Framework
5.5.3   Market Dynamics
5.5.3.1   Impact Analysis
5.5.3.2   Business Drivers
5.5.3.3   Business Restraints
5.5.4   Market Sizing and Forecast
5.5.4.1   Middle East and Africa Wearable Patches Market (by Application)
5.5.4.2   Middle East and Africa Wearable Patches Market (by End User)
5.5.4.3   Middle East and Africa Wearable Patches Market (by Usage Type)
5.5.4.4   Middle East and Africa Wearable Patches Market (by Country)
5.5.4.4.1   U.A.E.
5.5.4.4.1.1   Market Dynamics
5.5.4.4.1.2   Sizing and Forecast Analysis
5.5.4.4.1.2.1   U.A.E. Wearable Patches Market (by Application)
5.5.4.4.1.2.2   U.A.E. Wearable Patches Market (by End User)
5.5.4.4.2   South Africa
5.5.4.4.2.1   Market Dynamics
5.5.4.4.2.2   Sizing and Forecast Analysis
5.5.4.4.2.2.1   South Africa Wearable Patches Market (by Application)
5.5.4.4.2.2.2   South Africa Wearable Patches Market (by End User)
5.5.4.4.3   Rest-of-Middle East and Africa
5.5.4.4.3.1   Market Dynamics
5.5.4.4.3.2   Sizing and Forecast Analysis
5.5.4.4.3.2.1   Rest-of-Middle East and Africa Wearable Patches Market (by Application)
5.5.4.4.3.2.2   Rest-of-Middle East and Africa Wearable Patches Market (by End User)

6.1   Competitive Landscape
6.1.1   Regulatory and Legal Activities
6.1.2   New Offerings
6.1.3   Partnerships, Collaborations, and Business Expansions
6.1.4   Mergers and Acquisitions
6.1.5   Funding Activities
6.2   Company Profile
6.2.1   Established Companies
6.2.1.1   Abbott Laboratories
6.2.1.1.1   Company Overview
6.2.1.1.2   Role of Abbott Laboratories in the Global Wearable Patches Market
6.2.1.1.3   Financials
6.2.1.1.4   Recent Developments
6.2.1.1.5   Analyst Perspective
6.2.1.2   Bittium Corporation
6.2.1.2.1   Company Overview
6.2.1.2.2   Role of Bittium Corporation in the Global Wearable Patches Market
6.2.1.2.3   Financials
6.2.1.2.4   Recent Developments
6.2.1.2.5   Analyst Perspective
6.2.1.3   Boston Scientific Corporation
6.2.1.3.1   Company Overview
6.2.1.3.2   Role of Boston Scientific Corporation in the Global Wearable Patches Market
6.2.1.3.3   Financials
6.2.1.3.4   Recent Developments
6.2.1.3.5   Analyst Perspective
6.2.1.4   iRhythm Technologies, Inc.
6.2.1.4.1   Company Overview
6.2.1.4.2   Role of iRhythm Technologies, Inc. in the Global Wearable Patches Market
6.2.1.4.3   Financials
6.2.1.4.4   Recent Developments
6.2.1.4.5   Analyst Perspective
6.2.1.5   Koninklijke Philips N.V.
6.2.1.5.1   Company Overview
6.2.1.5.2   Role of Koninklijke Philips N.V. in the Global Wearable Patches Market
6.2.1.5.3   Product Portfolio
6.2.1.5.4   Financials
6.2.1.5.5   Recent Developments
6.2.1.5.6   Analyst Perspective
6.2.1.6   Masimo Corporation
6.2.1.6.1   Company Overview
6.2.1.6.2   Role of Masimo Corporation in the Global Wearable Patches Market
6.2.1.6.3   Financials
6.2.1.6.4   Recent Developments
6.2.1.6.5   Analyst Perspective
6.2.1.7   Medtronic plc
6.2.1.7.1   Company Overview
6.2.1.7.2   Role of Medtronic plc in the Global Wearable Patches Market
6.2.1.7.3   Financials
6.2.1.7.4   Recent Developments
6.2.1.7.5   Analyst Perspective
6.2.1.8   OMRON Corporation
6.2.1.8.1   Company Overview
6.2.1.8.2   Role of OMRON Corporation in the Global Wearable Patches Market
6.2.1.8.3   Financials
6.2.1.8.4   Recent Developments
6.2.1.8.5   Analyst Perspective
6.2.1.9   Senseonics Holdings, Inc.
6.2.1.9.1   Company Overview
6.2.1.9.2   Role of Senseonics Holdings, Inc. in the Global Wearable Patches Market
6.2.1.9.3   Financials
6.2.1.9.4   Recent Developments
6.2.1.9.5   Analyst Perspective
6.2.2   Emerging Companies
6.2.2.1   Alio, Inc.
6.2.2.1.1   Company Overview
6.2.2.1.2   Role of Alio, Inc. in the Global Wearable Patches Market
6.2.2.1.3   Product Portfolio
6.2.2.1.4   Recent Developments
6.2.2.1.5   Analyst Perspective
6.2.2.2   AliveCor Inc.
6.2.2.2.1   Company Overview
6.2.2.2.2   Role of AliveCor Inc. in the Global Wearable Patches Market
6.2.2.2.3   Recent Developments
6.2.2.2.4   Analyst Perspective
6.2.2.3   BioIntellisense, Inc.
6.2.2.3.1   Company Overview
6.2.2.3.2   Role of BioIntelliSense, Inc. in the Global Wearable Patches Market
6.2.2.3.3   Recent Developments
6.2.2.3.4   Analyst Perspective
6.2.2.4   Samay
6.2.2.4.1   Company Overview
6.2.2.4.2   Role of Samay in the Global Wearable Patches Market
6.2.2.4.3   Product Portfolio
6.2.2.4.4   Recent Developments
6.2.2.4.5   Analyst Perspective
6.2.2.5 Theranica Bio-Electronics Ltd.
6.2.2.5.1   Company Overview
6.2.2.5.2   Role of Theranica Bio-Electronics Ltd. in the Global Wearable Patches Market
6.2.2.5.3   Recent Developments
6.2.2.5.4   Analyst Perspective
6.2.2.6   VitalConnect Inc.
6.2.2.6.1   Company Overview
6.2.2.6.2   Role of VitalConnect Inc. in the Global Wearable Patches Market
6.2.2.6.3   Recent Developments
6.2.2.6.4   Analyst Perspective
6.2.2.7   VivaLNK Inc.
6.2.2.7.1   Company Overview
6.2.2.7.2   Role of VivaLNK Inc. in the Global Wearable Patches Market
6.2.2.7.3   Recent Developments
6.2.2.7.4   Analyst Perspective

Table 1:   Key Challenges and Possible Solutions for Stakeholders in the Global Wearable Patches Market
Table 2:   Global Wearable Patches Market, Quarterly Key Developments Analysis, January 2018-July 2022
Table 3:   Key Questions Answered in the Report
Table 4:   Global Wearable Patches Market, Different Parameters in Growth Scenarios
Table 5:   Global Wearable Patches Market, Product Benchmarking
Table 6:   Wearable Patches Raw Materials and Major Suppliers
Table 7:   Global Wearable Patches Market, Pipeline Products
Table 8:   Some Major Companies for Monitoring and Diagnostics
Table 9:   Some Major Companies for Therapeutics
Table 10:   Some Major Companies for Temperature Patch
Table 11:   Some Major Companies for Blood Glucose Patch
Table 12:   Some Major Companies for Heart Rate and ECG Patch
Table 13:   Some Major Companies for TENS and EMS Patch
Table 14:   Some Major Companies for Others
Table 15:   North America Wearable Patches Market, Regulatory Framework
Table 16:   North America Wearable Patches Market, Impact Analysis
Table 17:   Europe Wearable Patches Market, Regulatory Framework
Table 18:   Europe Wearable Patches Market, Impact Analysis
Table 19:   Asia-Pacific Wearable Patches Market, Regulatory Framework
Table 20:   Asia-Pacific Wearable Patches Market, Impact Analysis
Table 21:   Latin America Wearable Patches Market, Regulatory Framework
Table 22:   Latin America Wearable Patches Market, Impact Analysis
Table 23:   Middle East and Africa Wearable Patches Market, Regulatory Framework
Table 24:   Middle East and Africa Wearable Patches Market, Impact Analysis

Figure 1:   Global Wearable Patches Market (by Application), Share (%), 2021 and 2031
Figure 2:   Global Wearable Patches Market (by Region), $Million, 2021 and 2031
Figure 3:   Global Wearable Patches Market Segmentation
Figure 4:   Global Wearable Patches Market: Research Methodology
Figure 5:   Primary Research Sources
Figure 6:   Secondary Research
Figure 7:   Data Triangulation
Figure 8:   Global Wearable Patches Market, Research Process
Figure 9:   Assumptions and Limitations
Figure 10:   Global Wearable Patches Market, Realistic Growth Scenario, $Million, 2020-2031
Figure 11:   Global Wearable Patches Market, Optimistic Growth Scenario, $Million, 2020-2031
Figure 12:   Global Wearable Patches Market, Pessimistic Growth Scenario, $Million, 2020-2031
Figure 13:   Global Wearable Patches Market, Patent Publication Growth Trend, January 2017-July 2022
Figure 14:   Global Wearable Patches Market, Patent Filing Trend (by Country/Cluster), January 2017-July 2022
Figure 15:   Global Wearable Patches Market, Pre-COVID-19 Phase, $Million, 2020-2031
Figure 16:   Global Wearable Patches Market: Impact Analysis
Figure 17:   Global Wearable Patches Market (by Application)
Figure 18:   Global Wearable Patches Market Incremental Opportunity (by Application), $Million, 2021-2031
Figure 19:   Global Wearable Patches Market, Growth-Share Matrix (by Application), 2021-2031
Figure 20:   Global Wearable Patches Market (Monitoring and Diagnostics), $Million, 2020-2031
Figure 21:   Global Wearable Patches Market (Therapeutics), $Million, 2020-2031
Figure 22:   Global Wearable Patches Market (by Usage Type)
Figure 23:   Global Wearable Patches Market Incremental Opportunity (by Usage Type), $Million, 2021-2031
Figure 24:   Global Wearable Patches Market, Growth-Share Matrix (by Usage Type), 2021-2031
Figure 25:   Global Wearable Patches Market (Temperature Patch), $Million, 2020-2031
Figure 26:   Global Wearable Patches Market (Blood Glucose Patch), $Million, 2020-2031
Figure 27:   Global Wearable Patches Market (Heart Rate and ECG Patch), $Million, 2020-2031
Figure 28:   Global Wearable Patches Market (TENS and EMS Patch), $Million, 2020-2031
Figure 29:   Global Wearable Patches Market (Others), $Million, 2020-2031
Figure 30:   Global Wearable Patches Market (by End User)
Figure 31:   Global Wearable Patches Market Incremental Opportunity (by End User), $Million, 2021-2031
Figure 32:   Global Wearable Patches Market, Growth-Share Matrix (by End User), 2021-2031
Figure 33:   Global Wearable Patches Market (Homecare), $Million, 2020-2031
Figure 34:   Global Wearable Patches Market (Hospital and Ambulatory Surgical Center), $Million, 2020-2031
Figure 35:   Global Wearable Patches Market Share (by Region), 2021-2031
Figure 36:   North America Wearable Patches Market Incremental Opportunity (by Country), $Million, 2021-2031
Figure 37:   North America Wearable Patches Market, $Million, 2020-2031
Figure 38:   North America Wearable Patches Market (by Application), $Million, 2020-2031
Figure 39:   North America Wearable Patches Market (by End User), $Million, 2021-2031
Figure 40:   North America Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 41:   North America Wearable Patches Market (by Country), Share (%), 2021 and 2031
Figure 42:   U.S. Wearable Patches Market, $Million, 2020-2031
Figure 43:   U.S. Wearable Patches Market (by Application), $Million, 2020-2031
Figure 44:   U.S. Wearable Patches Market (by End User), $Million, 2020-2031
Figure 45:   Canada Wearable Patches Market, $Million, 2020-2031
Figure 46:   Canada Wearable Patches Market (by Application), $Million, 2020-2031
Figure 47:   Canada Wearable Patches Market (by End User), $Million, 2020-2031
Figure 48:   Europe Wearable Patches Market Incremental Opportunity (by Country), $Million, 2021-2031
Figure 49:   Europe Wearable Patches Market, $Million, 2020-2031
Figure 50:   Europe Wearable Patches Market (by Application), $Million, 2020-2031
Figure 51:   Europe Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 52:   Europe Wearable Patches Market (by End User), $Million, 2020-2031
Figure 53:   Europe Wearable Patches Market (by Country), Share (%), 2021 and 2031
Figure 54:   Germany Wearable Patches Market, $Million, 2020-2031
Figure 55:   Germany Wearable Patches Market (by Application), $Million, 2020-2031
Figure 56:   Germany Wearable Patches Market (by End User), $Million, 2020-2031
Figure 57:   France Wearable Patches Market, $Million, 2020-2031
Figure 58:   France Wearable Patches Market (by Application), $Million, 2020-2031
Figure 59:   France Wearable Patches Market (by End User), $Million, 2020-2031
Figure 60:   U.K. Wearable Patches Market, $Million, 2020-2031
Figure 61:   U.K. Wearable Patches Market (by Application), $Million, 2020-2031
Figure 62:   U.K. Wearable Patches Market (by End User), $Million, 2020-2031
Figure 63:   Italy Wearable Patches Market, $Million, 2020-2031
Figure 64:   Italy Wearable Patches Market (by Application), $Million, 2020-2031
Figure 65:   Italy Wearable Patches Market (by End User), $Million, 2020-2031
Figure 66:   Spain Wearable Patches Market, $Million, 2020-2031
Figure 67:   Spain Wearable Patches Market (by Application), $Million, 2020-2031
Figure 68:   Spain Wearable Patches Market (by End User), $Million, 2020-2031
Figure 69:   Rest-of-Europe Wearable Patches Market, $Million, 2020-2031
Figure 70:   Rest-of-Europe Wearable Patches Market (by Application), $Million, 2020-2031
Figure 71:   Rest-of-Europe Wearable Patches Market (by End User), $Million, 2020-2031
Figure 72:   Asia-Pacific Wearable Patches Market Incremental Opportunity (by Country), $Million, 2021-2031
Figure 73:   Asia-Pacific Wearable Patches Market, $Million, 2020-2031
Figure 74:   Asia-Pacific Wearable Patches Market (by Application), $Million, 2020-2031
Figure 75:   Asia-Pacific Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 76:   Asia-Pacific Wearable Patches Market (by End User), $Million, 2020-2031
Figure 77:   Asia-Pacific Wearable Patches Market (by Country), Share (%), 2021 and 2031
Figure 78:   Japan Wearable Patches Market, $Million, 2020-2031
Figure 79:   Japan Wearable Patches Market (by Application), $Million, 2020-2031
Figure 80:   Japan Wearable Patches Market (by End User), $Million, 2020-2031
Figure 81:   China Wearable Patches Market, $Million, 2020-2031
Figure 82:   China Wearable Patches Market (by Application), $Million, 2020-2031
Figure 83:   China Wearable Patches Market (by End User), $Million, 2020-2031
Figure 84:   India Wearable Patches Market, $Million, 2020-2031
Figure 85:   India Wearable Patches Market (by Application), $Million, 2020-2031
Figure 86:   India Wearable Patches Market (by End User), $Million, 2020-2031
Figure 87:   South Korea Wearable Patches Market, $Million, 2020-2031
Figure 88:   South Korea Wearable Patches Market (by Application), $Million, 2020-2031
Figure 89:   South Korea Wearable Patches Market (by End User), $Million, 2020-2031
Figure 90:   Australia and New Zealand Wearable Patches Market, $Million, 2020-2031
Figure 91:   Australia and New Zealand Wearable Patches Market (by Application), $Million, 2021-2031
Figure 92:   Australia and New Zealand Wearable Patches Market (by End User), $Million, 2020-2031
Figure 93:   Rest-of-Asia-Pacific Wearable Patches Market, $Million, 2020-2031
Figure 94:   Rest-of-Asia-Pacific Wearable Patches Market (by Application), $Million, 2021-2031
Figure 95:   Rest-of-Asia-Pacific Wearable Patches Market (by End User), $Million, 2021-2031
Figure 96:   Latin America Wearable Patches Market Incremental Opportunity (by Country), $Million, 2021-2031
Figure 97:   Latin America Wearable Patches Market, $Million, 2020-2031
Figure 98:   Latin America Wearable Patches Market (by Application), $Million, 2020-2031
Figure 99:   Latin America Wearable Patches Market (by End User), $Million, 2020-2031
Figure 100:   Latin America Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 101:   Latin America Wearable Patches Market (by Country), Share (%), 2021 and 2031
Figure 102:   Brazil Wearable Patches Market, $Million, 2020-2031
Figure 103:   Brazil Wearable Patches Market (by Application), $Million, 2020-2031
Figure 104:   Brazil Wearable Patches Market (by End User), $Million, 2020-2031
Figure 105:   Mexico Wearable Patches Market, $Million, 2020-2031
Figure 106:   Mexico Wearable Patches Market (by Application), $Million, 2020-2031
Figure 107:   Mexico Wearable Patches Market (by End User), $Million, 2020-2031
Figure 108:   Rest-of-Latin America Wearable Patches Market, $Million, 2020-2031
Figure 109:   Rest-of-Latin America Wearable Patches Market (by Application), $Million, 2020-2031
Figure 110:   Rest-of-Latin America Wearable Patches Market (by End User), $Million, 2020-2031
Figure 111:   Middle East and Africa Wearable Patches Market Incremental Opportunity (by Country), $Million, 2021-2031
Figure 112:   Middle East and Africa Wearable Patches Market, $Million, 2020-2031
Figure 113:   Middle East and Africa Wearable Patches Market (by Application), $Million, 2020-2031
Figure 114:   Middle East and Africa Wearable Patches Market (by End User), $Million, 2020-2031
Figure 115:   Middle East and Africa Wearable Patches Market (by Usage Type), $Million, 2020-2031
Figure 116:   Middle East and Africa Wearable Patches Market Share (by Country), Share (%), 2021 and 2031
Figure 117:   U.A.E. Wearable Patches Market, $Million, 2020-2031
Figure 118:   U.A.E. Wearable Patches Market (by Application), $Million, 2020-2031
Figure 119:   U.A.E. Wearable Patches Market (by End User), $Million, 2020-2031
Figure 120:   South Africa Wearable Patches Market, $Million, 2020-2031
Figure 121:   South Africa Wearable Patches Market (by Application), $Million, 2020-2031
Figure 122:   South Africa Wearable Patches Market (by End User), $Million, 2020-2031
Figure 123:   Rest-of-Middle East and Africa Wearable Patches Market, $Million, 2020-2031
Figure 124:   Rest-of-Middle East and Africa Wearable Patches Market (by Application), $Million, 2020-2031
Figure 125:   Rest-of-Middle East and Africa Wearable Patches Market (by End User), $Million, 2020-2031
Figure 126:   Share of Key Developments and Strategies, January 2018-June 2022
Figure 127:   Regulatory and Legal Activities (by Company), Share (%), January 2018-June 2022
Figure 128:   New Offerings (by Company), Share (%), January 2018-June 2022
Figure 129:   Partnerships, Collaborations, and Business Expansions (by Company), Share (%), January 2018-June 2022
Figure 130:   Mergers and Acquisitions (by Company), Share (%), January 2018-June 2022
Figure 131:   Funding Activities (by Company), Share (%), January 2018-June 2022
Figure 132:   Abbott Laboratories: Overall Product Portfolio
Figure 133:   Abbott Laboratories: Overall Financials, $Million, 2019-2021
Figure 134:   Abbott Laboratories: Net Revenue (by Business Segment), $Million, 2019-2021
Figure 135:   Abbott Laboratories: Net Revenue (by Region), $Million, 2019-2021
Figure 136:   Abbott Laboratories: R&D Expenditure, $Million, 2019-2021
Figure 137:   Bittium Corporation: Overall Product Portfolio
Figure 138:   Bittium Corporation: Overall Financials, $Million, 2019-2021
Figure 139:   Bittium Corporation: Net Revenue (by Business Segment), $Million, 2020 and 2021
Figure 140:   Bittium Corporation: Net Revenue (by Region), $Million, 2019-2021
Figure 141:   Bittium Corporation: R&D Expenditure, $Million, 2019-2021
Figure 142:   Boston Scientific Corporation: Overall Product Portfolio
Figure 143:   Boston Scientific Corporation: Overall Financials, $Million, 2019-2021
Figure 144:   Boston Scientific Corporation: Net Revenue (by Business Segment), $Million, 2019-2021
Figure 145:   Boston Scientific Corporation: R&D Expenditure, $Million, 2019-2021
Figure 146:   iRhythm Technologies, Inc.: Overall Product Portfolio
Figure 147:   iRhythm Technologies, Inc.: Overall Financials, $Million, 2019-2021
Figure 148:   iRhythm Technologies, Inc.: R&D Expenditure, $Million, 2019-2021
Figure 149:   Koninklijke Philips N.V.: Overall Product Portfolio
Figure 150:   Koninklijke Philips N.V.: Overall Financials, $Million, 2019-2021
Figure 151:   Koninklijke Philips N.V.: Net Revenue (by Business Segment), $Million, 2019-2021
Figure 152:   Koninklijke Philips N.V.: Net Revenue (by Region), $Million, 2019-2021
Figure 153:   Koninklijke Philips N.V.: R&D Expenditure, $Million, 2019-2021
Figure 154:   Masimo Corporation: Product Offerings
Figure 155:   Masimo Corporation: Overall Financials, $Million, 2019-2021
Figure 156:   Masimo Corporation: Net Revenue (by Region), $Million, 2019-2021
Figure 157:   Masimo Corporation: R&D Expenditure, $Million, 2019-2021
Figure 158:   Medtronic plc: Overall Product Portfolio
Figure 159:   Medtronic plc: Overall Financials, $Million, 2020-2022
Figure 160:   Medtronic plc: Net Revenue (by Business Segment), $Million, 2020-2022
Figure 161:   Medtronic plc: Net Revenue (by Region), $Million, 2020-2022
Figure 162:   Medtronic plc: R&D Expenditure, $Million, 2020-2022
Figure 163:   OMRON Corporation: Overall Product Portfolio
Figure 164:   OMRON Corporation: Overall Financials, $Million, 2019-2021
Figure 165:   OMRON Corporation: Net Revenue (by Business Segment), $Million, 2021
Figure 166:   OMRON Corporation: Net Revenue (by Region), $Million, 2019-2021
Figure 167:   OMRON Corporation: R&D Expenditure, $Million, 2019-2021
Figure 168:   Senseonics Holdings, Inc.: Product Offerings
Figure 169:   Senseonics Holdings, Inc.: Overall Financials, $Million, 2019-2021
Figure 170:   Senseonics Holdings, Inc.: Net Revenue (by Region), $Million, 2019-2021
Figure 171:   Senseonics Holdings, Inc.: R&D Expenditure, $Million, 2019-2021
Figure 172:   Alio, Inc.: Overall Product Portfolio
Figure 173:   AliveCor Inc.: Overall Product Portfolio
Figure 174:   BioIntelliSense, Inc.: Overall Product Portfolio
Figure 175:   Samay: Overall Product Portfolio
Figure 176:   Theranica Bio-Electronics Ltd.: Overall Product Portfolio
Figure 177:   VitalConnect Inc.: Overall Product Portfolio
Figure 178:   VivaLNK Inc.: Overall Product Portfolio

Market Report Coverage

Wearable Patches Market
Base Year	2021	Market Size in 2021	$8,650.0 Million
Forecast Period	2022-2031	Value Projection and Estimation by 2031	$26,892.7 Million
CAGR During Forecast Period	11.06%	Number of Tables	24
Number of Pages	226	Number of Figures	178

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some of the prominent names in this market are:

•   Abbott Laboratories
•   Bittium Corporation
•   Boston Scientific Corporation
•   iRhythm Technologies, Inc.
•   Koninklijke Philips N.V.
•   Masimo Corporation
•   Medtronic plc
•   OMRON Corporation
•   Senseonics Holdings, Inc.
•   Alio, Inc.
•   AliveCor Inc.
•   BioIntellisense, Inc.
•   Samay
•   Theranica Bio-Electronics Ltd.
•   VitalConnect Inc.
•   VivaLNK Inc.

Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

How can this report add value to an organization?

Usage Type: The usage type segment helps the reader understand the different usage type of wearable patches available in the market. Moreover, the study provides the reader with a detailed understanding of products that fall under the main segments such as blood glucose patch, heart rate and ECG patch, temperature patch, TENS and EMS patch, and others.

Growth/Marketing Strategy: The wearable patches market has witnessed major development by key players operating in the market, such as product launches, business expansions, partnerships, collaborations, merger and acquisitions, funding activities, and regulatory and legal approvals. The favored strategy for the companies has been business expansions, partnerships, and collaborations to strengthen their position in the market. For instance, in September 2022, Senseonics announced a collaboration with the University Hospitals Accountable Care Organization (UHACO) in Cleveland, Ohio.

Competitive Strategy: The key players in the wearable patches market analyzed and profiled in the study involve established and emerging players that offer different products for wearable patches. Moreover, a detailed competitive benchmarking of the players operating in the wearable patches market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Moreover, comprehensive competitive strategies such as partnerships, agreements, collaborations, mergers, and acquisitions will help the reader understand the untapped revenue pockets in the market.

Industry and Technology Overview

Global Wearable Patches Market Industry Overview

The global wearable patches market was valued at $8,650.0 million in 2021 and is projected to reach $26,892.7 million by the end of 2031. Furthermore, the market is anticipated to grow at a CAGR of 11.06% during the forecast period 2022-2031. The market is driven by factors such as the continuous monitoring and minimum interference with body movement for measurement of vital signs of patients, increasing prevalence of chronic disorders (diabetes, strokes, etc.), rising technological advancement (increased connectivity with cell phones and precise data), and growing geriatric population.

Market Lifecycle Stage

The wearable patches market is in the developed phase. Having an end-to-end platform for services and AI algorithms for wearable patches for better clinical outcome are some of the major opportunities in the global wearable patches market.

Figure: Global Wearable Patches Market, Market Size and Forecast, 2020, 2021, and 2031

Impact of COVID-19

The COVID-19 pandemic impacted practically all sectors and social functions worldwide, including the wearable patches market. However, the wearable patches market sustained this impact as the demand for continuous monitoring with reduced contact increased during the pandemic.

During this period of fast expansion, the industry has learned to be adaptable and versatile. The necessity to harness and use digital infrastructure for remote monitoring has been brought into stark relief by the COVID-19 outbreak. There is a need for further effective disease monitoring and detection of individual and public health, which might be facilitated by wearable sensors, as current viral testing and vaccines are less patient compliant. The application of this methodology toward predicting the probability of COVID-19 is still required, even though its value has been used to associate physiological measures with activities of daily existence and human performance. Users of wearable technology could receive alerts when changes in their parameters match those linked to COVID-19 when combined with predictive platforms.

Market Segmentation:

Segmentation 1: by Application
• Monitoring and Diagnostics
• Therapeutics

The wearable patches market (by application) is expected to be dominated by the monitoring and diagnostics segment.

Segmentation 2: by Usage Type
•   Temperature Patch
•   Blood Glucose Patch
•   Heart Rate and ECG Patch
•   TENS and EMS Patch
•   Others

The wearable patches market (by usage type) is expected to be dominated by the blood glucose patch segment.

Segmentation 3: by End User
• Hospital and Ambulatory Surgical Center
• Homecare

The wearable patches market (by end user) is dominated by the homecare segment.

Segmentation 4: by Region
• North America - U.S. and Canada
• Europe - Germany, France, U.K., Italy, Spain, and Rest-of-Europe
• Asia-Pacific - Japan, China, India, Australia and New Zealand, South Korea, and Rest-of-Asia-Pacific
• Latin America - Brazil, Mexico, and Rest-of-Latin America
• Middle East and Africa - U.A.E., South Africa, and Rest-of-Middle East and Africa

North America held the largest share of the wearable patches market in 2021, and the trend is anticipated to continue during the forecast period 2022-2031.

Recent Developments in the Global Wearable Patches Market

•   In September 2022, Senseonics announced a collaboration with the University Hospitals Accountable Care Organization (UHACO) in Cleveland, Ohio.
•   In June 2022, Abbott announced that it is developing a new biowearable, "Glucose-Ketone Monitoring System" that will continuously monitor glucose and ketone levels in one sensor.
•   In June 2022, Blue Spark Technologies Joined Medidata’s Sensor Cloud Network , which aims to overcome barriers limiting the full adoption of medical sensors––including data integration and standardization.
•   In May 2022, BioIntelliSense introduced the BioButton Rechargeable Wearable Device for Continuous Medical Grade Monitoring of 20+ Vital Signs and Biometrics, a new product from BioIntelliSense.
•   In April 2022, Blue Spark received a $40M funding for remote monitoring wearables.
•   In April 2022, Carevive Systems and Blue Spark Technologies partnered to conduct Real-Time Remote Patient Monitoring Pilot.
•   In April 2022, Insulet launched New Omnipod 5 System Data for Type 1 and Type 2 Diabetes.

Demand – Drivers and Limitations

Following are the drivers for the global wearable patches market:

•   Continuous Monitoring and Minimum Interference with Body Movement for Measurement of Vital Signs of Patients
•   Increasing Prevalence of Chronic Disorders (Diabetes, Strokes, etc.)
•   Rising Technological Advancement (Increased Connectivity with Cellphones and Precise Data)
•   Growing Geriatric Population

The market is expected to face some limitations as well due to the following challenges:

• High Cost and Lack of Adequate Reimbursement Limiting the Adoption of Wearable Patches
• Concerns Regarding Data Privacy and Security of the Data Collected from Wearable Patches

Analyst’s Thoughts

To emphasize the potential of the wearable patches market, Swati Sood, Principal Analyst – BIS Research, states, “With the increase in continuous monitoring and minimum interference with body movement for measurement of vital signs of patients and chronic disease, the demand for wearable patches has increased worldwide. The global wearable patches market is expected to witness significant growth due to factors such as rise in the geriatric population, and rising technological advancement.”

Wearable Patches Market - A Global and Regional Analysis

Focus on Usage Type, Application, End User, and Region - Analysis and Forecast, 2022-2031

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Some Faq's

Frequently Asked Questions

According to BIS Research, the global wearable patches market consists of wearable patches that are used for diagnostic, monitoring, and therapeutic purposes. These patches are used for various purposes, such as heart rate monitoring, blood glucose monitoring, and SpO2 levels, among others.

The wearable patches market has witnessed major developments by key players operating in the market, such as business expansions, partnerships, collaborations, regulatory and legal activities, funding activities, product launches, and acquisitions and mergers. According to BIS Research analysis, most of the companies preferred business expansions, partnerships, and collaborations as a strategy to further increase their growth in the wearable patches market. Companies such as Abbott Laboratories, Alivecor Inc. Bittium Corporation, and OMRON Corporation have majorly adopted business expansions, partnerships, and collaborations as their preferred strategy.

A new entrant can focus on developing wearable patches for different usage and that is patient-friendly.

The following can be considered some of the USPs of the report:

· Impact of COVID-19 on the wearable patches market, including the detailed analysis of pre-COVID and COVID scenarios along with the future impact of the COVID-19 pandemic on the market.

· Extensive product benchmarking of the top players (including established and emerging players) to offer a holistic view of the wearable patches market product landscape

· Product Mapping Analysis

· Patent Analysis and legal framework

· Wearable Patch Material

· Market share analysis based on product portfolios, recent developments, and regional spread of the key players

· Technology landscape

The companies developing, manufacturing, and commercializing different wearable patches should buy this report.

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Table of Contents

Market Report Coverage

How can this report add value to an organization?

Industry and Technology Overview

Table
of Contents

Wearable Patches Market - A Global and Regional Analysis

Frequently Asked Questions

Wearable Patches Market - A Global and Regional Analysis

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A quick peek into the report

Table of Contents

1 Markets

2 Global Wearable Patches Market (by Application)

3 Global Wearable Patches Market (by Usage Type)

4 Global Wearable Patches Market (by End User)

5 Region

6 Market-Competitive Benchmarking and Company Profiles

List of Tables

List of Figures

Market Report Coverage

How can this report add value to an organization?

Industry and Technology Overview

Table of Contents

Wearable Patches Market - A Global and Regional Analysis

Frequently Asked Questions

Q: What are wearable patches?

Q: What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

Q: For a new company looking to enter the global wearable patches market, which areas could it focus upon to stay ahead of the competition?

Q: What is the USP of this report?

Q: Who should buy this report?

Table
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