Sensor Patch Market Expects A Cool $562.1M By 2023

According to the MarketsandMarkets research report "Sensor Patch Market by Product, Application, End-User Industry, and Geography - Global Forecast to 2023", the sensor patch market is expected to be worth $562.1 Million by 2023, at a CAGR of 47.03% between 2017 and 2023. The growth of this market is mainly driven by increasing per capita healthcare expenditure and disposable incomes in OECD countries, consumer preference for wearable in health monitoring application, and comfortability offered by sensor patch.

  • Market for blood glucose sensor patch held the largest size in 2016
  • Market for diagnostics application is expected to grow at the highest rate during the forecast period
  • The North America accounted for the largest share of the hearable devices market in 2016

 

Abbott Laboratories (US), iRhythm Technologies (US), DexCom (US), Medtronic (Ireland), and Texas Instruments (US) are the major players included in the report with ranking analysis. The report also covers various start-ups and innovators involved in this market. MC 10 (US), NanoSonic (US), Isansys Lifecare (UK), Leaf Healthcare (US), and Kenzen (US) are a few innovators in the market that offer disruptive products. Also, X2 Biosystems (US), Raiing Medical Company (China), Sensium Healthcare (UK), Feeligreen (France), Nemaura Medical  (UK), and G-Tech Medical (US) are a few emerging companies in the market.

 

If you need more details, browse 64 market data tables and 40 figures spread through 143 Pages and the in-depth TOC. Early buyers will receive 10% customization on the report.

Suggested Articles

An accelerometer measures the rate of change of an object’s velocity to monitor its movement.

From cell phones to industrial manufacturing, knowing when an object (or a person!) is nearby is a basic sensing requirement.

Compact and rugged sensors from Balluff monitor temperature of fluids and compressed air.