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Wearable Patch Market 2022|Fitness and sports wearable patches are expected to represent considerable market growth

According to a new report published by Allied Market Research, titled, “wearable patch marketby product and end use:  opportunity analysis and industry forecast, 2020–2027,” the global wearable patch market was valued at $12.2 billion in 2019, and is projected to reach $27.8 billion by 2027, registering a CAGR of 9.6% from 2020 to 2027.

Download PDF Sample Report: https://www.alliedmarketresearch.com/request-sample/10723

Key Findings Of The Study

  • On the basis of product, the blood glucose patch segment was the highest contributor to the market in 2019.
  • Based on end use, the fitness and sports segment is anticipated to register fastest CAGR during the forecast period
  • Region wise, North America accounted for the largest revenue share in 2019; while Asia-Pacific is anticipated to grow at the highest CAGR during the review period.

Key Market Segments

  • By Product
    • Temperature Patch
    • Blood Glucose Patch
    • Blood Pressure Patch
    • Heart Rate Patch & ECG Patch
    • Skin Care Patch
    • Others
  • By End Use
    • Healthcare
    • Fitness & Sports

Key Market Players

  • Abbott Laboratories
  • iRhythm Technologies, Inc.
  • Johnson & Johnson Services, Inc.
  • Koninklijke Philips N.V.
  • L’Oreal Group
  • LifeSignals, Inc.
  • Medtronic plc (Zephyr Technology Corporation)
  • Qualcomm Technologies, Inc.
  • VitalConnect , Inc.
  • VivaLNK

Region wise, the wearable patch market analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America market was dominant, in terms of revenue among other regions in 2019, owing to rise in prevalence of target diseases, presence of advanced healthcare infrastructure, as well as presence of major market participants such as Abbott Laboratories, iRhythm Technologies, Inc., Johnson & Johnson Services, Inc., LifeSignals, Inc., Qualcomm Technologies, Inc., and VitalConnect, Inc. For instance, as per data published by the American Heart Association (AHA), in February 2019, cardiovascular disease (CVD) remains the leading cause of death in the U.S. There are about 2.7 million Americans living with atrial fibrillation and around 800,000 individuals encounter stroke, every year. This is expected to propel demand for wearable patches in the coming years.

Region wise, the wearable patch market analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America market was dominant, in terms of revenue among other regions in 2019, owing to rise in prevalence of target diseases, presence of advanced healthcare infrastructure, as well as presence of major market participants such as Abbott Laboratories, iRhythm Technologies, Inc., Johnson & Johnson Services, Inc., LifeSignals, Inc., Qualcomm Technologies, Inc., and VitalConnect, Inc. For instance, as per data published by the American Heart Association (AHA), in February 2019, cardiovascular disease (CVD) remains the leading cause of death in the U.S. There are about 2.7 million Americans living with atrial fibrillation and around 800,000 individuals encounter stroke, every year. This is expected to propel demand for wearable patches in the coming years.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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