Global Smart Patch Market Size, Share, Growth, Trend & Forecast 2027

Summary

Report Description

Global smart patch market is poised to grow at a significant rate by 2027 owing to increasing expenditure on healthcare and rising prevalence of chronic and other lifestyle associated dieses such as diabetes, cardiac disorders, obesity, cancer, blood pressure, etc. Moreover, technological advancement in medical field and rising awareness towards health and fitness is accelerating the demand for smart patches. The growing geriatric population is also contributing to the rising demand for smart patches as it helps to track and monitor a patient’s health through connected smartphone devices.

Smart patches are non-invasive health-monitoring sensors which can stick to the skin surface and can be utilized to measure humidity, temperature, etc. more effectively than other wearable technologies such as smart watches and sports trackers.

The global smart patch market is segmented based on type, technology, application, and region. Based on technology, the market is segmented into connected and regular smart patches. Among them, the regular smart patches segment is anticipated to dominate the market during the forecast period owing to their widespread use for clinical application.

Based on end user, the global smart patch market is categorized into clinical and non-clinical segment. The clinical segment accounted for the largest market share in 2021 and is expected to register the fastest growth by 2027 owing to increasing adoption of smart patches to monitor health and heartbeat of a patient.

The major players operating in the global smart patch market are Abbott Laboratories, Isansys Lifecare Ltd., MC10, Inc., Insulet Corporation, BioTelemetry, Inc., iRhythm Technologies, DexCom, Inc., Kenzen, Gentag, Medtronic plc, AliveCor, Inc., Sensium Healthcare Ltd., HIVOX BIOTEK INC, Chrono Therapeutics Inc and Proteus Digital Health, among others. Leading companies are investing on latest technologies to bring into new and improved products to enhance their product portfolio.

Objective of the Study:

To analyze and estimate the market size of global smart patch market from 2017 to 2020.
To estimate and forecast the market size of global smart patch market from 2021 to 2027 and growth rate until 2027.
To classify and forecast global smart patch market based on type, technology, application, company and regional distribution.
To identify dominant region or segment in the global smart patch market.
To identify drivers and challenges for global smart patch market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global smart patch market.
To conduct pricing analysis for global Smart Patch market.
To identify and analyze the profile of leading players operating in global smart patch market.
To identify key sustainable strategies adopted by market players in global smart patch market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of smart patch manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the smart patch manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed hospitals using Smart Patch, ASCs and presence of all major players across the globe.

TechSci Research calculated the market size of global smart patch market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSc Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Smart patch’ manufacturers/ suppliers/ distributors
Hospital centers including clinics & ASCs
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to smart patch

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as smart patch manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute	Details
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Type · Technology · Application
Regional Scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country Scope	United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt
Key Companies Profiled	Abbott Laboratories, Isansys Lifecare Ltd., MC10, Inc., Insulet Corporation, BioTelemetry, Inc., iRhythm Technologies, DexCom, Inc., Kenzen, Gentag, Medtronic plc, AliveCor, Inc., Sensium Healthcare Ltd., HIVOX BIOTEK INC, Chrono Therapeutics Inc and Proteus Digital Health.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global smart patch market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Smart Patch Market, By Type:

Transdermal Transmission
Monitoring
Electronic Stimulation

Global Smart Patch Market, By Technology:

Connected
Regular

Global Smart Patch Market, By Application:

Clinical
Non-Clinical

Global Smart Patch Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Italy
Spain

Asia-Pacific

China
Japan
India
South Korea
Australia

Middle East & Africa

South Africa
Saudi Arabia
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global smart patch market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Smart Patch Market

4. Executive Summary

5. Voice of Customer

6. Global Smart Patch Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Transdermal Transmission, Monitoring, Electronic Stimulation)

6.2.2. By Technology (Connected, Regular)

6.2.3. By Application (Clinical, Non-Clinical)

6.2.4. By Company (2021)

6.2.5. By Region

6.3. Market Attractiveness Index

7. Asia-Pacific Smart Patch Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Technology

7.2.3. By Application

7.2.4. By Country

7.3. Competition Outlook

7.4. Asia-Pacific: Country Analysis

7.4.1. China Smart Patch Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Type

7.4.1.2.2. By Technology

7.4.1.2.3. By Application

7.4.2. India Smart Patch Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Type

7.4.2.2.2. By Technology

7.4.2.2.3. By Application

7.4.3. Japan Smart Patch Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Type

7.4.3.2.2. By Technology

7.4.3.2.3. By Application

7.4.4. South Korea Smart Patch Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Type

7.4.4.2.2. By Technology

7.4.4.2.3. By Application

7.4.5. Australia Smart Patch Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Type

7.4.5.2.2. By Technology

7.4.5.2.3. By Application

8. Europe Smart Patch Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Technology

8.2.3. By Application

8.2.4. By Country

8.3. Competition Outlook

8.4. Europe: Country Analysis

8.4.1. France Smart Patch Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Type

8.4.1.2.2. By Technology

8.4.1.2.3. By Application

8.4.2. Germany Smart Patch Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Type

8.4.2.2.2. By Technology

8.4.2.2.3. By Application

8.4.3. United Kingdom Smart Patch Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Type

8.4.3.2.2. By Technology

8.4.3.2.3. By Application

8.4.4. Italy Smart Patch Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Type

8.4.4.2.2. By Technology

8.4.4.2.3. By Application

8.4.5. Spain Smart Patch Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Type

8.4.5.2.2. By Technology

8.4.5.2.3. By Application

9. North America Smart Patch Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Technology

9.2.3. By Application

9.2.4. By Country

9.3. Competition Outlook

9.4. North America: Country Analysis

9.4.1. United States Smart Patch Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Type

9.4.1.2.2. By Technology

9.4.1.2.3. By Application

9.4.2. Mexico Smart Patch Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Type

9.4.2.2.2. By Technology

9.4.2.2.3. By Application

9.4.3. Canada Smart Patch Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Type

9.4.3.2.2. By Technology

9.4.3.2.3. By Application

10. South America Smart Patch Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Technology

10.2.3. By Application

10.2.4. By Country

10.3. Competition Outlook

10.4. South America: Country Analysis

10.4.1. Brazil Smart Patch Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Type

10.4.1.2.2. By Technology

10.4.1.2.3. By Application

10.4.2. Argentina Smart Patch Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Type

10.4.2.2.2. By Technology

10.4.2.2.3. By Application

10.4.3. Colombia Smart Patch Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Type

10.4.3.2.2. By Technology

10.4.3.2.3. By Application

11. Middle East and Africa Smart Patch Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Technology

11.2.3. By Application

11.2.4. By Country

11.3. Competition Outlook

11.4. MEA: Country Analysis

11.4.1. South Africa Smart Patch Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Type

11.4.1.2.2. By Technology

11.4.1.2.3. By Application

11.4.2. Saudi Arabia Smart Patch Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Type

11.4.2.2.2. By Technology

11.4.2.2.3. By Application

11.4.3. UAE Smart Patch Market Outlook

11.4.3.1. Market Size & Forecast

11.4.3.1.1. By Value

11.4.3.2. Market Share & Forecast

11.4.3.2.1. By Type

11.4.3.2.2. By Technology

11.4.3.2.3. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook

14.2. Players Profiled (Leading Companies)

14.2.1. Abbott Laboratories

14.2.2. Isansys Lifecare Ltd.

14.2.3. MC10, Inc.

14.2.4. Insulet Corporation

14.2.5. BioTelemetry, Inc.

14.2.6. iRhythm Technologies

14.2.7. DexCom, Inc.

14.2.8. Kenzen

14.2.9. Gentag

14.2.10. Medtronic plc

14.2.11. AliveCor, Inc.

14.2.12. Sensium Healthcare Ltd.

14.2.13. HIVOX BIOTEK INC

14.2.14. Chrono Therapeutics Inc

14.2.15. Proteus Digital Health

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the primary drivers of the global smart patch market?

Growing demand for non-invasive health-monitoring devices and increasing healthcare expenditure are driving the demand of the global smart patch market in the forecast period.

Who are the leading operating market players in the global smart patch market?

Abbott Laboratories, Isansys Lifecare Ltd., MC10, Inc., Insulet Corporation, BioTelemetry, Inc., iRhythm Technologies, DexCom, Inc., Kenzen, Gentag, Medtronic plc, AliveCor, Inc., Sensium Healthcare Ltd., HIVOX BIOTEK INC, Chrono Therapeutics Inc, and Proteus Digital Health are the major market players operating in the global smart patch market.

Which region is expected to lead the global smart patch market in the forecast period?

The North American region is dominating the market and is expected to maintain its dominance throughout the forecast period due to well-developed healthcare infrastructure and the growing adoption rate of advanced technologies.

Which technology is expected to lead the global smart patch market in the forecast period?

Based on the technology, the market is divided into connected and regular smart patches. The regular smart patches segment is expected to account for a significant market share in the forecast period due to their usage in clinical applications.

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Global Smart Patch Market By Type (Transdermal Transmission, Monitoring, Electronic Stimulation), By Technology (Connected, Regular), By Application (Clinical, Non-Clinical), By Region, Forecast & Opportunities, 2027

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