Generally, connected wearable patches are used to monitor and diagnose cardiovascular, respiratory, and diabetes parameters. The global connected wearable patch market is expected to witness a high growth rate over the next few years. The key factor such as the rising prevalence of chronic diseases across the world is anticipated to boost the growth of the connected wearable patches market. According to World Health Organization, in 2019, an estimated 1.5 million deaths were directly caused by diabetes. Another 2.2 million deaths were attributable to high blood glucose in 2012. In addition, the American Heart Association indicates that 116.4 million, or 46% of US adults are estimated to have hypertension.
Moreover, owing to the easier use of the wearable patches, its adoption rate is higher amongst the patient for better compliance. This is likely to propel the growth of the market development. Additionally, the rise in demand for integrated technologies across the globe is mainly due to the growing awareness about the Internet of Things, and technological development is projected to fuel the connected wearable patch market growth in the coming years.
Additionally, the current outbreak of the covid-19 has encouraged health care organizations to focus on monitoring temperatures of infected patients. The traditional thermometers usage for many patients so it makes the risk of infection. Blue Spark Technologies offers the TempTraq. It is a disposable temperature monitor, a single-use patch ideal for temperature monitoring, there is no need to direct contact with the patient. Therefore, increasing adoption of single-use products will create a profitable opportunity for the global connected wearable patch market in the forthcoming period.
Connected Wearable Patches Market Segment Overview
Based on the end user, the Hospitals & Specialty Clinics segment has the highest share of the market. The connected wearable patches help to collect information at regular intervals and transmit the data to connected devices such as smartphones and laptops. The physicians and nurses have access to a real-time, continuous flow of data, allowing trends to be detected that can avert patient deterioration. Furthermore, the growing old age population worldwide is increasing the chronic diseases such as cardiovascular and diabetes. This is another noteworthy factor that contributes more to the market’s growth. As well, the hospital care shift to home care is also likely to expand the market’s growth in the near future.
Connected Wearable Patches Market Regional Overview
Region-wise, North America is expected to dominate the global connected wearable patch market during the forecast period. Some important factors such as the presence of key players, the introduction of new products, and the huge adoption of technically advanced products are boosting the market’s growth in this region. Similarly, Asia Pacific is projected to hold a major share of the market. This is attributed to the growing usage of technically advanced products, rising awareness and appearance of telemedicine as well as increasing inclination towards wearable medical technology in the region.
Connected Wearable Patches Market Competitor overview
· In February 2020, Caretaker Medical, a leader in clinical-grade wireless patient monitoring and maker of the Caretaker® wearable patient monitor that utilizes a simple Finger Cuff to measure Real-time “Beat by Beat” Continuous Blood Pressure, Respiration Rate, and other hemodynamic parameters, has incorporated VivaLNK’s FDA-Cleared ECG Patch to their wireless patient monitoring platform.
Connected Wearable Patches Market, Key Players
· VitalConnect
· Biobeat
· LifeSignals
· iRhythm Technologies, Inc.
· Caretaker, LLC
· Dexcom, Inc.
· Blue Spark Technologies
· MEDTRONIC/ZEPHYR TECHNOLOGY
· Sensium Healthcare
· VANCIVE MEDICAL
· PREVENTICE
· Gentag Inc.
· Ilece IOT
· Chrono Therapeutics
Connected Wearable Patches Market Segmentation
Connected Wearable Patches Market, By Product
- Cardiovascular
- Heart Rate
- Blood Pressure
- Others
- Respiratory
- Oxygen Saturation
- Respiratory rate
- Diabetes
- Others
· Monitoring & Diagnosis
· Health & Fitness
· Others
Connected Wearable Patches Market, By End User
· Hospitals & Specialty Clinics
· Home Care
· Ambulatory Surgical Centers
· Others
Connected Wearable Patches Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Connected Wearable Patches Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Cardiovascular
- 5.2.1.1. Heart Rate
- 5.2.1.2. Blood Pressure
- 5.2.1.3. Others
- 5.2.2. Respiratory
- 5.2.2.1. Oxygen Saturation
- 5.2.2.2. Respiratory rate
- 5.2.3. Diabetes
- 5.2.4. Others
- 5.2.1. Cardiovascular
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Monitoring & Diagnosis
- 5.3.2. Health & Fitness
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Hospitals & Specialty Clinics
- 5.4.2. Home Care
- 5.4.3. Ambulatory Surgical Centers
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Connected Wearable Patches Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Cardiovascular
- 6.2.1.1. Heart Rate
- 6.2.1.2. Blood Pressure
- 6.2.1.3. Others
- 6.2.2. Respiratory
- 6.2.2.1. Oxygen Saturation
- 6.2.2.2. Respiratory rate
- 6.2.3. Diabetes
- 6.2.4. Others
- 6.2.1. Cardiovascular
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Monitoring & Diagnosis
- 6.3.2. Health & Fitness
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Hospitals & Specialty Clinics
- 6.4.2. Home Care
- 6.4.3. Ambulatory Surgical Centers
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Connected Wearable Patches Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Cardiovascular
- 7.2.1.1. Heart Rate
- 7.2.1.2. Blood Pressure
- 7.2.1.3. Others
- 7.2.2. Respiratory
- 7.2.2.1. Oxygen Saturation
- 7.2.2.2. Respiratory rate
- 7.2.3. Diabetes
- 7.2.4. Others
- 7.2.1. Cardiovascular
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Monitoring & Diagnosis
- 7.3.2. Health & Fitness
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Hospitals & Specialty Clinics
- 7.4.2. Home Care
- 7.4.3. Ambulatory Surgical Centers
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Connected Wearable Patches Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Cardiovascular
- 8.2.1.1. Heart Rate
- 8.2.1.2. Blood Pressure
- 8.2.1.3. Others
- 8.2.2. Respiratory
- 8.2.2.1. Oxygen Saturation
- 8.2.2.2. Respiratory rate
- 8.2.3. Diabetes
- 8.2.4. Others
- 8.2.1. Cardiovascular
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Monitoring & Diagnosis
- 8.3.2. Health & Fitness
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Hospitals & Specialty Clinics
- 8.4.2. Home Care
- 8.4.3. Ambulatory Surgical Centers
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Connected Wearable Patches Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Cardiovascular
- 9.2.1.1. Heart Rate
- 9.2.1.2. Blood Pressure
- 9.2.1.3. Others
- 9.2.2. Respiratory
- 9.2.2.1. Oxygen Saturation
- 9.2.2.2. Respiratory rate
- 9.2.3. Diabetes
- 9.2.4. Others
- 9.2.1. Cardiovascular
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Monitoring & Diagnosis
- 9.3.2. Health & Fitness
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Hospitals & Specialty Clinics
- 9.4.2. Home Care
- 9.4.3. Ambulatory Surgical Centers
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Connected Wearable Patches Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Product
- 10.2.1. Cardiovascular
- 10.2.1.1. Heart Rate
- 10.2.1.2. Blood Pressure
- 10.2.1.3. Others
- 10.2.2. Respiratory
- 10.2.2.1. Oxygen Saturation
- 10.2.2.2. Respiratory rate
- 10.2.3. Diabetes
- 10.2.4. Others
- 10.2.1. Cardiovascular
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Monitoring & Diagnosis
- 10.3.2. Health & Fitness
- 10.3.3. Others
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Hospitals & Specialty Clinics
- 10.4.2. Home Care
- 10.4.3. Ambulatory Surgical Centers
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. VitalConnect
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Biobeat
- 11.6. LifeSignals
- 11.7. iRhythm Technologies, Inc.
- 11.8. Caretaker, LLC
- 11.9. Dexcom, Inc.
- 11.10. Blue Spark Technologies
- 11.11. MEDTRONIC/ZEPHYR TECHNOLOGY
- 11.12. Sensium Healthcare
- 11.13. VANCIVE MEDICAL
- 11.14. PREVENTICE
- 11.15. Gentag Inc.
- 11.16. Ilece IOT
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
