The global wearable patches market is expected to witness an upsurge in many specialized start-ups. These start-ups are expected to leverage niche technologies to differentiate their offerings from other players in the market.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Wearable Patches Market – A Global and Regional Analysis.
According to this study, the global wearable patches market was valued at $8.65 billion in 2021 and is projected to reach $26.89 billion by 2031.
The following factors are responsible for the increase in demand for wearable patches:
The detailed study is a compilation of 24 market data tables and 178 figures spread through 226 pages.
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Analyst’s Take on the Market Projection
According to Swati Sood, Principal Analyst – BIS Research, “With the increase in continuous monitoring and minimum interference with body movement for measurement of vital signs of patients and chronic disease, the demand for wearable patches has increased worldwide. The global wearable patches market is expected to witness significant growth due to factors such as a rise in the geriatric population, and rising technological advancement.”
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Major Existing Industry Leaders in the Wearable Patches Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are
Recent Developments in the Global Wearable Patches Market
North America and European Regions to Lead the Wearable Patches Market
Regions such as North America and Europe have technologically advanced healthcare systems and beneficial reimbursement policies; allocating considerable budgets to the healthcare system and awareness among people is more related to healthcare technologies, due to which these regions hold the maximum share in the global wearable patches market.
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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