Connected wearable patches include patches, tattoos, or small devices that are affixed to the skin and worn for a limited period of time, ranging from an hour to several weeks. The patches also have an element of wireless connectivity, and have a medical, health, or wellness purpose that can range from monitoring physiological data to delivering medication.
The drive forces make connected wearable patches commercial are a growth in the number of people with chronic diseases, aging populations and rising healthcare costs. Due to the slow recovery of global economy, more and more governments, insurance companies and care providers are taking this kind of product as a substation of traditional way to monitor, diagnose, and treat patients in order to save medical expense.
Although sales of connected wearable patches products bring a lot of opportunities, the study group recommend the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the connected wearable patches field hastily.
The global Connected Wearable Patches market is valued at 95 million US$ in 2017 and will reach 3810 million US$ by the end of 2025, growing at a CAGR of 58.5% during 2018-2025.
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The major manufacturers covered in this report
IRhythm
Medtronic/Zephyr Technology
Sensium Healthcare
Vancive Medical
Vital Connect
Preventice
Gentag Inc.
ILece
Blue Spark
Chrono Therapeutics
Proteus Digital Health
G-Tech Medical
STEMP
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
North America
Europe
China
Japan
Southeast Asia
India
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