According to a new market research report published by sheer analytics and insights, “The Global Wearable Patch Market was valued at $5.8 Billion in 2020. Growing at a high CAGR of more than 12.2% between 2021 and 2031, it is estimated to reach $20.5 Billion by 2031”, it is estimated to reach $745.6 Million by 2031, as per the latest market research report titled Global Wearable Patch Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
The global Wearable Patch Market is getting more popular than ever. The increasing technological advancement when it comes to wearable patches is also a major reason behind the growth of the market. Wearable patches are used for the diagnosis as well as monitoring of various chronic diseases such as atrial fibrillation. This is increasing the demand for wearable patches and some major players in the market are launching technologically advanced devices.
The large share of this segment is attributed to the increasing prevalence of chronic diseases and the increasing demand for wearable patches in developing countries.
In the recent market research reports that were published by Sheer Analytics & Insights, the Global Wearable Patch Market has different segmentation. Geographically, the Global Wearable Patch Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, and Africa.
The key players in the Global Wearable Patch include Key players profiled in the report include Abbott Laboratories, iRhythm Technologies Inc, DexCom Inc, Medtronic PLC, Texas Instruments Inc, Proteus Digital Health Inc, Proteus Digital Health Inc, Gentag Inc, Kenzen Inc, VitalConnect Inc, and Preventice Solutions Inc.
The Wearable Patch Market Have Been Segmented into:
Global Wearable Patch Market, By Product Type
Global Wearable Patch Market, By Wearable Type
Global Wearable Patch Market, By Application
Global Wearable Patch Market, By End User Industry
Wearable Patch Market: By Region