Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Wearable Patch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global wearable patch market size reached US$ 10.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2027, exhibiting a growth rate (CAGR) of 9.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Wearable patch refers to smart medical bandages worn on the body for disease monitoring, drug delivery, diagnosis and wellbeing of a patient. The patches consist of various electronic components, such as sensors, actuators and energy storage and communication systems. They collect data at regular intervals and transmit it to the connected smartphones or health information systems (HIS). Some of the commonly used wearable patches include sweat analyzing patches, pain-relieving patches, nicotine and alcohol detection patches and sensor patches for monitoring temperature, heart rate, blood glucose, blood pressure and oxygen levels. They are compact and flexible in nature and facilitate continuous or semi-continuous monitoring of physiological parameters and various complex electrocardiogram measurements without tethering the patient to the wired hub.

Global Wearable Patch Market Trends and Drivers:

The increasing prevalence of lifestyle diseases and chronic medical ailments, such as diabetes, cardiovascular diseases (CVDs) and hyperglycemia, represents one of the key factors driving the growth of the market. Furthermore, rising health consciousness among the masses is also strengthening the market growth. Wearable patches aid in the early diagnosis of ailments and are also used for tracking sports activities through fitness bands, smartwatches and HIS.

Various technological advancements, such as the development of personalized skin patches that monitor the individual’s exposure to ultraviolet (UV) rays, pollution, pollen and humidity, are acting as other growth-inducing factors. Product manufacturers are also developing innovative wearable cosmetic patches that can be used for melanoma therapies, including chemotherapy and radiotherapy. Other factors, including rising geriatric population and increasing healthcare expenditures and significant improvements in the healthcare infrastructure, especially in developing countries, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wearable patch market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology and end use.

Breakup by Technology:

  • Connected
  • Regular
     

Breakup by End Use:

  • Healthcare
  • Fitness and Sports
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The global wearable patch market is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the major players in the market are:

  • Abbott Laboratories
  • Delta Electronics Inc.
  • Gentag Inc.
  • Insulet Corp.
  • iRhythm Technologies Inc.
  • Kenzen Inc.
  • MTG UK Co. Ltd.
  • Nemaura Medical Inc.
  • UpRight Technologies Ltd.
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Delta Electronics Inc., Gentag Inc., Insulet Corp., iRhythm Technologies Inc., Kenzen Inc., MTG UK Co. Ltd., Nemaura Medical Inc. and UpRight Technologies Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global wearable patch market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global wearable patch market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global wearable patch market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Wearable Patch Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Technology
    6.1    Connected
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Regular
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by End Use
    7.1    Healthcare
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fitness and Sports
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
          8.5.1 Market Trends
          8.5.2 Market Breakup by Country
          8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Abbott Laboratories
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Delta Electronics Inc.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Gentag Inc.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
        13.3.4    Insulet Corp.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
        13.3.5    iRhythm Technologies Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    Kenzen Inc.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
        13.3.7    MTG UK Co. Ltd.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
           13.3.7.3 Financials
        13.3.8    Nemaura Medical Inc.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
        13.3.9    UpRight Technologies Ltd.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 

List of Figures

Figure 1: Global: Wearable Patch Market: Major Drivers and Challenges
Figure 2: Global: Wearable Patch Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Wearable Patch Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Wearable Patch Market: Breakup by Technology (in %), 2021
Figure 5: Global: Wearable Patch Market: Breakup by End Use (in %), 2021
Figure 6: Global: Wearable Patch Market: Breakup by Region (in %), 2021
Figure 7: Global: Wearable Patch (Connected) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Wearable Patch (Connected) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Wearable Patch (Regular) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Wearable Patch (Regular) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Wearable Patch (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Wearable Patch (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Wearable Patch (Fitness and Sports) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Wearable Patch (Fitness and Sports) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: North America: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: North America: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: United States: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: United States: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Canada: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Canada: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Asia Pacific: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Asia Pacific: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: China: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: China: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Japan: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Japan: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: South Korea: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: South Korea: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Australia: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Australia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Indonesia: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Indonesia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Others: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Europe: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Europe: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Germany: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Germany: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: France: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: France: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United Kingdom: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United Kingdom: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Italy: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Italy: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Spain: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Spain: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Russia: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Russia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Latin America: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Latin America: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Brazil: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Brazil: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Mexico: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Mexico: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Middle East and Africa: Wearable Patch Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Middle East and Africa: Wearable Patch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Global: Wearable Patch Industry: SWOT Analysis
Figure 64: Global: Wearable Patch Industry: Value Chain Analysis
Figure 65: Global: Wearable Patch Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Wearable Patch Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Wearable Patch Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Wearable Patch Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 4: Global: Wearable Patch Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Wearable Patch Market: Competitive Structure
Table 6: Global: Wearable Patch Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links