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Wearable Patch Market Report by Technology, End Use, and Region 2024-2032

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    Report

  • 146 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5901686
The global wearable patch market size reached US$ 12.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 25.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.2% during 2023-2032.

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:

The publisher provides an analysis of the key trends in each segment of the global wearable patch market report, along with forecasts at the global, regional and country levels from 2024-2032. 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.

Key Questions Answered in This Report

1. What was the size of the global wearable patch market in 2023?
2. What is the expected growth rate of the global wearable patch market during 2024-2032?
3. What has been the impact of COVID-19 on the global wearable patch market?
4. What are the key factors driving the global wearable patch market?
5. What is the breakup of the global wearable patch market based on the technology?
6. What are the key regions in the global wearable patch market?
7. Who are the key players/companies in the global wearable patch market?

Table of Contents

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$), 2018-2023
Figure 3: Global: Wearable Patch Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Wearable Patch Market: Breakup by Technology (in %), 2023
Figure 5: Global: Wearable Patch Market: Breakup by End Use (in %), 2023
Figure 6: Global: Wearable Patch Market: Breakup by Region (in %), 2023
Figure 7: Global: Wearable Patch (Connected) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Wearable Patch (Connected) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Wearable Patch (Regular) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Wearable Patch (Regular) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Wearable Patch (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Wearable Patch (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Wearable Patch (Fitness and Sports) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Wearable Patch (Fitness and Sports) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: North America: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: North America: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: United States: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: United States: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Canada: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Canada: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Asia Pacific: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Asia Pacific: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: China: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: China: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Japan: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Japan: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: India: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: India: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: South Korea: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: South Korea: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Australia: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Australia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Indonesia: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Indonesia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Others: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Europe: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Europe: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Germany: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Germany: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: France: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: France: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: United Kingdom: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: United Kingdom: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Italy: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Italy: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Spain: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Spain: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Russia: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Russia: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Latin America: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Latin America: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Brazil: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Brazil: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Mexico: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Mexico: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Middle East and Africa: Wearable Patch Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Middle East and Africa: Wearable Patch Market Forecast: Sales Value (in Million US$), 2024-2032
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, 2023 and 2032
Table 2: Global: Wearable Patch Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Wearable Patch Market Forecast: Breakup by End Use (in Million US$), 2024-2032
Table 4: Global: Wearable Patch Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Wearable Patch Market: Competitive Structure
Table 6: Global: Wearable Patch Market: Key Players

Companies Mentioned

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

Methodology

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Table Information