IMARC Group, a leading market research company, has recently released a report titled “Wearable Patch Market Report by Technology (Connected, Regular), End Use (Healthcare, Fitness and Sports), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global wearable patch market share, trends, size, and industry growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global wearable patch market size reached US$ 12.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032.
Request to Get the Sample Report:
https://www.imarcgroup.com/wearable-patch-market/requestsample
What is Wearable Patch?
Wearable patches, also called as electronic skin and smart patches used for drug delivery, disease monitoring, and diagnosis. Some of the commonly utilized patches comprise sweat-analyzing patches and pain-relieving patches. Wearable patches are small, thin, flexible, etc., and are helpful in maintaining the health and well-being of patients suffering from prolonged conditions, including diabetes and cancer. They can be worn or stuck to the skin directly on the affected body part to collect data regularly and transmit data to health information systems (HISs) or even smartphones.
Wearable Patch Market Trends:
The growing prevalence of lifestyle disorders and chronic medical ailments, including diabetes, cardiovascular diseases (CVDs), hyperglycemia, etc., is among the key factors stimulating the wearable patch market.
Moreover, the increasing health consciousness among the masses is acting as another significant growth-inducing factor. Besides this, the widespread adoption of wearable patches, which aid in the early diagnosis of ailments and tracking sports activities through fitness bands and smartwatches is positively influencing the global market.
Furthermore, the inflating technological advancements, such as the development of personalized skin patches that monitor individual exposure to ultraviolet (UV) rays, pollen, humidity, pollution, etc., are also propelling the market growth. Apart from this, the introduction of innovative wearable cosmetic patches by product manufacturers that can be used for melanoma therapies, including radiotherapy and chemotherapy is further fueling the global market.
Additionally, the growing geriatric population and the rising improvements in healthcare infrastructures, especially in developing countries are anticipated to fuel the wearable patch market over the forecasted period.
Wearable Patch Market Report Segmentation:
Breakup by Technology:
· Connected
· Regular
Breakup by End Use:
· Healthcare
· Fitness and Sports
Breakup by Region:
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
Competitive Landscape with Key Players:
The competitive landscape of the wearable patch market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
Abbott Laboratories
· Delta Electronics Inc.
· Gentag Inc.
· Insulet Corp.
· iRhythm Technologies Inc.
· Kenzen Inc.
· MTG UK Co. Ltd.
· Nemaura Medical Inc.
· UpRight Technologies Ltd.
Ask Analyst for Customized Report:
https://www.imarcgroup.com/request?type=report&id=2778&flag=C
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: imarcgroup.com
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
