Smart Patches Market Scope
Smart Patches is health-monitoring sensors or device which is stick to the skin surface and can be utilized to measure body temperature more effectively than other wearable technologies such as smartwatches and sports trackers. Smart Patch's main function is to monitor the constant body and sends the data to a smartphone application. Smart Patches have wide applications in the health care, fitness, and cosmetics industries. Smart Patches has wide demand due to smart technology and flexible product. Geographically, North America is the leading region due to more adoption of health consciousness and fitness among the young population. Smart Patches has wide demand and adoption in the market is the few factors for the market to grow at a rapid speed over the forecast period.
The Smart Patches market study is segmented by Type (Re use patch and Disposable patch), by Application (Medical & health care, Cosmetics and Personal care, Sport and fitness and Others) and major geographies with country level break-up.
The market is expected to grow market in the health care and sports industry. It has widely applied medical technology for diagnosis and long-term monitoring of a patient's vital parameters such as pulse.is driving the demand for the market. Several companies are operating in the market to provide customers better offer with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players. Hence this is a factor that is triggering the market growth over the forecast period
BioTelemetry (United States), Eccrine Systems Inc (United States), Epicore Biosystems (United States), iRhythm Technologies (United States), Feeligreen (France), G-Tech (United States), GENTAG, Inc (United States), Medtronic plc (Ireland), AliveCor (United States), Sensium Healthcare Ltd (United Kingdom), HIVOX BIOTEK INC (United Kingdom), Chrono Therapeutics Inc (United Kingdom), VivaLNK (United States) and Gatorade (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Smart Patches market by Type, Application and Region.
On the basis of geography, the market of Smart Patches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 25th January 2021, Hillrom buying cardiac patch maker Bardy Diagnostics for USD 75M. The main feature of Bardy's CAM patch wearable can remotely monitor patients’ cardiac activity or detect arrhythmia within a seven-day period.
On 1st March 2021, Gatorade is launching the first-ever wearable device, the Gx Sweat Patch. The sweat patch will sell for USD 24.99 and will be available online for selling in the market. Sweat profile is based on sweat levels, sodium losses, body weight, and workout type or intensity which provide hydration strategies to maximize performance and avoid cramping or dehydration
- Swansea University develop the first covid-19 ‘smart patch’ vaccine that will measure effectiveness with needless technology
- Lightweight, thin and flexible
- smart patch sensor fits well to the surface of the body
- It has application in Sweat analyzers for collectively measured and analyzed noninvasively using smart patches
- It has wide adoption in the cosmetics industry for the electrotherapy process
- Smart Patches not provide protection against sexually transmitted infections (STIs), including HIV
- Smart Patches must be prescribed by a health care provider
Key Target AudienceOEM (Original Equipment Manufacturer), Smart Patches Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Smart Patches Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.