Wearable Patch Market Size, Share & Trends Analysis Report By Technology (Regular Wearable, Connected Wearable), By Application (Clinical, Non-clinical), By Region, And Segment Forecasts, 2020 - 2027

Published: Nov, 2020 | Pages: 140 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

"Wearable Patch Market Growth & Trends

The global wearable patch market size is expected to reach USD 12.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2020 to 2027. Wearable Patch is attached to the skin and can be worn for a couple of hours to weeks. In recent years these patches have become more popular and are most widely used for drug delivery or patient monitoring, and sports. They are also used to deliver medication such as nicotine and to treat various chronic diseases. Various companies are investing in this technology to gain a competitive advantage.

The connected wearable patch segment accounted for the highest market share in 2019. It has wireless connectivity features that help in monitoring the health of patients and delivering drugs accordingly. The factors responsible for the growth of the segment are growing concern among people related to their health and the increasing aging population with chronic diseases. Also, technological developments to boost the connected wearable patch with more data accuracy and features are anticipated to bring new advanced opportunities for the market in the coming future.

Based on the application, the clinical segment shares the highest market during the estimated period. It helps to gather information on a regular basis and then transforms data to connected devices such as laptops and smartphones so that the physicians have access to a real-time, continuous flow of data, which can avert patient worsening.

North America held the highest revenue share of 35.5% in 2019 due to its rising aging population, technological improvement in electronic skin, and increasing investment in R&D. In addition, increasing collaborations between hospitals, academic institutions, and widespread R&D activities at the industrial and academic level and increase in the scope of biomedical applications, have fueled the market growth. Moreover, the presence of major players in the region contributed to market growth.

Wearable Patch Market Report Highlights

• The connected wearable segment dominated the market in 2019 and accounted for a revenue share of around 76.3% owing to increasing demand for electronic skin in developing countries

• The clinical segment is anticipated to register the fastest growth rate of 6.4% over the forecast period

• The clinical segment accounted for the highest revenue share of 50.5% in 2019 and is anticipated to maintain its dominance due to increasing investment in R&D of the medical device

• North America dominated the market and accounted for a revenue share of 35.5% in 2019. This can be attributed to the rapid increase in the development of smart patches to meet the growing demand for efficient healthcare in the country"

 "Table of Contents

Chapter 1. Methodology and Scope
                 1.1. Market Segmentation & Scope
                      1.1.1. Technology
                      1.1.2. Application
                      1.1.3. Regional scope
                      1.1.4. Estimates and forecast timeline
                 1.2. Research Methodology
                 1.3. Information Procurement
                      1.3.1. Purchased database
                      1.3.2. GVR’s internal database
                      1.3.3. Secondary sources
                      1.3.4. Primary research
                 1.4. Information or Data Analysis
                      1.4.1. Data analysis models
                 1.5. Market Formulation & Validation
                 1.6. Model Details
                      1.6.1. Commodity flow analysis (Model 1)
                          1.6.1.1. Approach 1: Commodity flow approach
                      1.6.2. Volume price analysis (Model 2)
                          1.6.2.1. Approach 2: Volume price analysis
                 1.7. List of Secondary Sources
                 1.8. List of Primary Sources
                 1.9. Objectives
                      1.9.1. Objective 1: Understanding the market dynamics
                      1.9.2. Objective 2: Understanding the market estimates and forecasts
                      1.9.3. Objective 3: Understanding the attributes such as strategy framework, competitor categorization
                      1.9.4. Objective 4: Understanding the key service scopes to conclude on the market size
Chapter 2. Executive Summary
                 2.1. Market Outlook
                 2.2. Segment Outlook
                 2.3. Competitive Insights
Chapter 3. Wearable Patch Market Variables, Trends & Scope
                 3.1. Market Lineage outlook
                      3.1.1. Parent market outlook
                      3.1.2. Related/ancillary market outlook
                 3.2. Penetration & Growth Prospect Mapping
                 3.3. Product Pipeline Analysis, by Service
                 3.4. Market Dynamics
                      3.4.1. Market Driver Analysis
                          3.4.1.1. Increasing prevalence of chronic diseases
                          3.4.1.2. Increasing technological advancements in wearable patch
                          3.4.1.3. Rising awareness among consumers regarding wearable patch
                      3.4.2. Market Restraint Analysis
                          3.4.2.1. High cost of sensor patch
                      3.4.3. Industry Challenges
                          3.4.3.1. Managing the relationships
                 3.5. Wearable Patch: Market Analysis Tools
                      3.5.1. Industry Analysis - Porter’s
                          3.5.1.1. Supplier Power
                          3.5.1.2. Buyer Power
                          3.5.1.3. Substitution Threat
                          3.5.1.4. Threat from new entrant
                          3.5.1.5. Competitive rivalry
                      3.5.2. PESTEL Analysis
                          3.5.2.1. Political Landscape
                          3.5.2.2. Environmental Landscape
                          3.5.2.3. Social Landscape
                          3.5.2.4. Technology Landscape
                          3.5.2.5. Legal Landscape
                      3.5.3. Major Deals & Strategic Alliances Analysis
Chapter 4. Wearable Patch Market: Segment Analysis, By Technology, 2016 - 2027 (USD Million)
                 4.1. Definitions & Scope
                 4.2. Technology market share analysis, 2019 & 2027
                 4.3. Segment Dashboard
                 4.4. Global Wearable Patch Market, by technology, 2016 to 2027
                 4.5. Market Size & Forecasts and Trend Analyses, 2016 to 2027 for the following: 
                      4.5.1. Regular Wearable
                      4.5.2. Connected Wearable
Chapter 5. Wearable Patch Market: Segment Analysis, By Application, 2016 - 2027 (USD Million)
                 5.1. Definitions & Scope
                 5.2. Application market share analysis, 2019 & 2027
                 5.3. Segment Dashboard
                 5.4. Global Wearable Patch Market, By Application, 2016 to 2027
                 5.5. Market Size & Forecasts and Trend Analyses, 2016 to 2027 for the following: 
                      5.5.1. Clinical
                      5.5.2. Non-clinical
Chapter 6. Wearable Patch Market: Regional Market Analysis, 2016 - 2027 (USD Million)
                 6.1. Definitions & Scope
                 6.2. Regional Market Share Analysis, 2019 & 2027
                 6.3. Regional Market Dashboard
                 6.4. Regional Market Snapshot
                 6.5. Regional Market Share, 2018
                 6.6. Market Size, & Forecasts, and Trend Analysis, 2016 to 2027
                 6.7. North America
                      6.7.1. Market estimates and forecast, By country, 2016 - 2027 (USD Million)
                      6.7.2. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                      6.7.3. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.7.4. U.S.
                          6.7.4.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.7.4.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.7.5. Canada
                          6.7.5.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.7.5.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                 6.8. Europe
                      6.8.1. Market estimates and forecast, By country, 2016 - 2027 (USD Million)
                      6.8.2. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                      6.8.3. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.8.4. Germany
                          6.8.4.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.8.4.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.8.5. U.K.
                          6.8.5.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.8.5.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.8.6. France
                          6.8.6.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.8.6.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.8.7. Italy
                          6.8.7.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.8.7.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.8.8. Spain
                          6.8.8.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.8.8.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                 6.9. Asia Pacific
                      6.9.1. Market estimates and forecast, By country, 2016 - 2027 (USD Million)
                      6.9.2. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                      6.9.3. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.9.4. China
                          6.9.4.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.9.4.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.9.5. Japan
                          6.9.5.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.9.5.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million) 
                      6.9.6. India
                          6.9.6.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.9.6.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                 6.10. Latin America
                      6.10.1. Market estimates and forecast, By country, 2016 - 2027 (USD Million)
                      6.10.2. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                      6.10.3. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.10.4. Brazil
                          6.10.4.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.10.4.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.10.5. Mexico
                          6.10.5.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.10.5.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.10.6. Argentina
                          6.10.6.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.10.6.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                 6.11. Middle East and Africa
                      6.11.1. Market estimates and forecast, By country, 2016 - 2027 (USD Million)
                      6.11.2. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                      6.11.3. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.11.4. South Africa
                          6.11.4.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.11.4.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.11.5. Saudi Arabia
                          6.11.5.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.11.5.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
                      6.11.6. UAE
                          6.11.6.1. Market estimates and forecast, By Technology, 2016 - 2027 (USD Million)
                          6.11.6.2. Market estimates and forecast, By Application, 2016 - 2027 (USD Million)
Chapter 7. Wearable Patch Market - Competitive Analysis
                 7.1. Key companies profiled
                      7.1.1. Medtronic Plc
                          7.1.1.1. Company Overview
                          7.1.1.2. Financial Performance
                          7.1.1.3. Product Benchmarking
                          7.1.1.4. Strategic Initiatives
                      7.1.2. EnvisionTEC
                          7.1.2.1. Company Overview
                          7.1.2.2. Financial Performance
                          7.1.2.3. Product Benchmarking
                          7.1.2.4. Strategic Initiatives
                      7.1.3. Hill-Rom Holdings, Inc. (Welch Allyn)
                          7.1.3.1. Company Overview
                          7.1.3.2. Financial Performance
                          7.1.3.3. Product Benchmarking
                          7.1.3.4. Strategic Initiatives
                      7.1.4. iRhythm Technologies, Inc
                          7.1.4.1. Company Overview
                          7.1.4.2. Financial Performance
                          7.1.4.3. Product Benchmarking
                          7.1.4.4. Strategic Initiatives
                      7.1.5. AliveCor, Inc.
                          7.1.5.1. Company Overview
                          7.1.5.2. Financial Performance
                          7.1.5.3. Product Benchmarking
                          7.1.5.4. Strategic Initiatives
                      7.1.6. VivaLNK, Inc.
                          7.1.6.1. Company Overview
                          7.1.6.2. Financial Performance
                          7.1.6.3. Product Benchmarking
                          7.1.6.4. Strategic Initiatives
                      7.1.7. Cardiac Insight Inc.
                          7.1.7.1. Company Overview
                          7.1.7.2. Financial Performance
                          7.1.7.3. Product Benchmarking
                          7.1.7.4. Strategic Initiatives
                      7.1.8. VitalConnect
                          7.1.8.1. Company Overview
                          7.1.8.2. Financial Performance
                          7.1.8.3. Product Benchmarking
                          7.1.8.4. Strategic Initiatives
                      7.1.9. LifeSignals, Inc.
                          7.1.9.1. Company Overview
                          7.1.9.2. Financial Performance
                          7.1.9.3. Product Benchmarking
                          7.1.9.4. Strategic Initiatives
                      7.1.10. L’Oreal Group
                          7.1.10.1. Company Overview
                          7.1.10.2. Financial Performance
                          7.1.10.3. Product Benchmarking
                          7.1.10.4. Strategic Initiatives
                      7.1.11. Dexcom, Inc.
                          7.1.11.1. Company Overview
                          7.1.11.2. Financial Performance
                          7.1.11.3. Product Benchmarking
                          7.1.11.4. Strategic Initiatives
                      7.1.12. GENTAG, Inc.
                          7.1.12.1. Company Overview
                          7.1.12.2. Financial Performance
                          7.1.12.3. Product Benchmarking
                          7.1.12.4. Strategic Initiatives
                      7.1.13. Abbott Laboratories
                          7.1.13.1. Company Overview
                          7.1.13.2. Financial Performance
                          7.1.13.3. Product Benchmarking
                          7.1.13.4. Strategic Initiatives
                      7.1.14. Koninklijke Philips N.V.
                          7.1.14.1. Company Overview
                          7.1.14.2. Financial Performance
                          7.1.14.3. Product Benchmarking
                          7.1.14.4. Strategic Initiatives
                      7.1.15. Sensium Healthcare Ltd.
                          7.1.15.1. Company Overview
                          7.1.15.2. Financial Performance
                          7.1.15.3. Product Benchmarking
                          7.1.15.4. Strategic Initiatives
                      7.1.16. Leaf Healthcare, Inc.
                          7.1.16.1. Company Overview
                          7.1.16.2. Financial Performance
                          7.1.16.3. Product Benchmarking
                          7.1.16.4. Strategic Initiatives
                      7.1.17. Qualcomm Technologies, Inc.
                          7.1.17.1. Company Overview
                          7.1.17.2. Financial Performance
                          7.1.17.3. Product Benchmarking
                          7.1.17.4. Strategic Initiatives
"

"List of Tables

Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 Global Wearable Patches Market, By Region 2016 - 2027 (USD Million)
Table 4 Global Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 5 Global Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 6 North America Wearable Patches Market, By Country, 2016 - 2027 (USD Million)
Table 7 North America Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 8 North America Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 9 U.S. Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 10 U.S. Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 11 Canada Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 12 Canada Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 13 Europe Wearable Patches Market, By Country, 2016 - 2027 (USD Million)
Table 14 Europe Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 15 Europe Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 16 U.K. Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 17 U.K. Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 18 Germany Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 19 Germany Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 20 France Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 21 France Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 22 Italy Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 23 Italy Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 24 Spain Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 25 Spain Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 26 Asia Pacific Wearable Patches Market, By Country, 2016 - 2027 (USD Million)
Table 27 Asia Pacific Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 28 Asia Pacific Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 29 China Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 30 China Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 31 Japan Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 32 Japan Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 33 India Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 34 India Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 35 Latin America Wearable Patches Market, By Country, 2016 - 2027 (USD Million)
Table 36 Latin America Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 37 Latin America Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 38 Brazil Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 39 Brazil Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 40 Mexico Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 41 Mexico Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 42 Argentina Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 43 Argentina Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 44 Middle East and Africa Wearable Patches Market, By Country, 2016 - 2027 (USD Million)
Table 45 Middle East and Africa Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 46 Middle East and Africa Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 47 South Africa Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 48 South Africa Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 49 Saudi Arabia Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 50 Saudi Arabia Wearable Patches Market, By Application, 2016 - 2027 (USD Million)
Table 51 UAE Wearable Patches Market, By Technology, 2016 - 2027 (USD Million)
Table 52 UAE Wearable Patches Market, By Application, 2016 - 2027 (USD Million)"	"
List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Wearable Patches Market: Market snapshot
Fig. 9 Wearable Patches Market: Market segmentation
Fig. 10 Wearable Patches Market: Strategy framework
Fig. 11 Parent market outlook
Fig. 12 Related/ancillary market outlook
Fig. 13 Wearable Patches Market: Driver impact
Fig. 14 Wearable Patches Market: Restraint impact
Fig. 15 Wearable Patches Market: Porter’s five forces analysis
Fig. 16 Wearable Patches Market: PESTEL analysis
Fig. 17 Wearable Patches Market: Segment dashboard
Fig. 18 Wearable Patches Market: Technology Movement Analysis
Fig. 19 Regular Wearable estimates and forecast, 2016 - 2027 (USD Million)
Fig. 20 Connected Wearable estimates and forecast, 2016 - 2027 (USD Million)
Fig. 21 Wearable Patches Market: Application Movement Analysis
Fig. 22 Clinical estimates and forecast, 2016 - 2027 (USD Million)
Fig. 23 Non-clinical estimates and forecast, 2016 - 2027 (USD Million)
Fig. 24 Global Wearable Patches Market: Regional Outlook and key takeaways
Fig. 25 Global market share, By region
Fig. 26 North America market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 27 U.S. market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 28 Canada market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 29 Europe market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 30 U.K. market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 31 Germany market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 32 France market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 33 Italy market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 34 Spain market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 35 Asia Pacific market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 36 China market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 37 Japan market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 38 India market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 39 Latin America market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 40 Brazil market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 41 Mexico market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 42 Argentina market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 43 Middle East and Africa market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 44 South Africa market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 45 Saudi Arabia market estimates and forecast, 2016 - 2027 (USD Million)
Fig. 46 UAE market estimates and forecast, 2016 - 2027 (USD Million)"