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Global Wearable Patch Market 2016-2020

Global Wearable Patch Market 2016-2020

About Wearable Patches

Wearable patches can be affixed to the skin and can be worn for a few hours to a couple of weeks. These patches are used for the treatment and delivery of medications such as nicotine. They are also used as anti-aging patches. The connected wearable patches feature wireless connectivity, in addition to the features of regular wearable patches, which help in monitoring the health of an individual and delivering drugs accordingly.

Technavio’s analysts forecast the global wearable patch market to grow at a CAGR of 88.27%, in terms of shipment, during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global wearable patch market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of wearable patches.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott Laboratories
  • Gentag
  • Insluet
  • Kenzen
  • Nemaura Medical
  • Proteus Digital Health
Other prominent vendors
  • CeQur
  • Chrono Therapeutics
  • Delta Electronics
  • Dexcom
  • Feeligreen
  • FitLinxx
  • G-tech Medical
  • Hivox
  • iRhythm Technologies
  • iThermonitor
  • Isansys Lifecare
  • L'Oréal
  • Leaf Healthcare
  • Mcio
  • Medtronic
  • MTG
  • Patchology
  • Qualcomm
  • Sensium Healthcare
  • STEMP
  • The Ionto Team
  • Upright
  • Vital Connect
  • Valendo
  • X2 biosystems
  • Ya-Man
  • Zansors
Market driver
  • Rise in number of lifestyle diseases
  • For a full, detailed list, view our report
Market challenge
  • Integration of sensors into computing devices and accessories
  • For a full, detailed list, view our report
Market trend
  • Increasing adoption of wearable patches in cosmetic industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Wearable Patch Market 2016-2020

Technavio recognizes the following companies as the key players in the global wearable patch market: Abbott Laboratories, Gentag, Insluet, Kenzen, Nemaura Medical, and Proteus Digital Health

Other Prominent Vendors in the market are: CeQur, Chrono Therapeutics, Delta Electronics, Dexcom, Feeligreen, FitLinxx, G-tech Medical, Hivox, iRhythm Technologies, iThermonitor, Isansys Lifecare, L'Oréal, Leaf Healthcare, Mcio, Medtronic, MTG, Patchology, Qualcomm, Sensium Healthcare, STEMP, The Ionto Team, Upright, Vital Connect, Valendo, X2 biosystems, Ya-Man, and Zansors

Commenting on the report, an analyst from Technavio’s team said: “The increasing popularity of wearable patches is encouraging various industries to enter the global wearable patch market. Several cosmetic companies are entering into the market because of its high growth potential. For instance, Feeligreen has developed an anti-aging medical patch. The company is focusing on the development of an anti-aging patch called dermoPatch. It differs from a regular anti-aging patch as it uses the infusion of technology to apply a micro-current across the skin barrier. It increases the ability of the skin to improve the restoration of molecules.”

According to the report, wearable patches help people monitor their health conditions to avoid serious health issues. The increase in aging population, rise in number of diseases, and high healthcare costs are major concerns for people. People are becoming increasingly concerned about their health and fitness. The increasing demand for diet programs and mobile health applications is helping the market to grow as it is encouraging more users adopt wearable patches. The increased awareness of wearable patches among consumers is expected to continue to drive the growth of the market during the forecast period.

Further, the report states that the integration of sensors into smartphones, tablets, and consumer-end devices and accessories is a challenge faced by vendors in the market. Mobile health and fitness applications use built-in sensors in smartphones to check heart rate, distance walked, steps taken, and calories burned during a workout. This feature has some limitations as it increases the manufacturing cost of wearable patches, which is a challenge for vendors in the market.

Companies Mentioned

Abbott Laboratories, Gentag, Insluet, Kenzen, Nemaura Medical, Proteus Digital Health, CeQur, Chrono Therapeutics, Delta Electronics, Dexcom, Feeligreen, FitLinxx, G-tech Medical, Hivox, iRhythm Technologies, iThermonitor, Isansys Lifecare, L'Oréal, Leaf Healthcare, Mcio, Medtronic, MTG, Patchology, Qualcomm, Sensium Healthcare, STEMP, The Ionto Team, Upright, Vital Connect, Valendo, X2 biosystems, Ya-Man, Zansors.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Base year and forecast period
    • Vendor selection criteria
    • Summation errors
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry overview
    • Wearable device market
      • Table Global wearable device market by type 2015 (% share)
      • Table Global wearable device market by application 2015 (% share)
    • Components of wearable patches
      • Table Components of wearable patches
    • Types of wearable patches
      • Table Types of wearable patches
  • Market landscape
    • Market overview
      • Table Overview of global wearable patch market
    • Market size and forecast
      • Table Global wearable patch market 2015-2020 (millions of units)
      • Table Global wearable patch market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global wearable patch market by technology
      • Table Global wearable patch market by technology 2015-2020 (% share)
    • Global regular wearable patch market
      • Table Global regular wearable patch market 2015-2020 (millions of units)
      • Table Global regular wearable patch market by revenue 2015-2020 ($ millions)
    • Global connected wearable patch market
      • Table Global connected wearable patch market by shipment 2015-2020 (millions of units)
      • Table Global connected wearable patch market by revenue 2015-2020 ($ millions)
  • Market segmentation by application
    • Global wearable patch market by application
      • Table Global wearable patch market by application 2015-2020 (% share)
    • Global wearable patch market by clinical applications
      • Table Global wearable patch market by clinical applications 2015-2020 (millions of units)
    • Wearable patch market by non-clinical applications
      • Table Global wearable patch market by non-clinical applications 2015-2020 (millions of units)
  • Geographical segmentation
    • Global wearable patch market by geography
      • Table Global wearable patch market by geography 2015-2020 (% share)
    • Wearable patch market in Americas
      • Table Wearable patch market in Americas 2015-2020 (millions of units)
      • Table Wearable patch market in Americas 2015-2020 ($ millions)
    • Wearable patch market in APAC
      • Table Wearable patch market in APAC 2015-2020 (millions of units)
      • Table Wearable patch market in APAC 2015-2020 ($ millions)
    • Wearable patch market in EMEA
      • Table Wearable patch market in EMEA 2015-2020 (millions of units)
      • Table Wearable patch market in EMEA 2015-2020 ($ millions)
  • Market attractiveness
    • Market attractiveness by application
      • Table Market attractiveness by application
    • Market attractiveness by geography
      • Table Market attractiveness by geography
  • Buying criteria
    • Table Buying criteria for wearable patches
  • Market drivers
    • Rise in number of lifestyle diseases
    • Increase in awareness of healthy lifestyle
    • High healthcare costs
    • Easy connectivity with computing devices
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Limited trust of patients in wearable patches
    • HIPAA compliance
    • Integration of sensors into computing devices and accessories
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing adoption of wearable patches in cosmetic industry
    • Reduction in size of sensors
    • Decline in cost of wearable patches
  • Vendor landscape
    • Competitive scenario
      • Table Leading wearable patches in global wearable patch market
    • Key vendors
      • Table Abbott Laboratories: Business segmentation
      • Table Gentag: Product portfolio
      • Table Proteus Digital Health: Product portfolio
    • Other prominent vendors
      • Table Other prominent vendor
  • Appendix
    • List of abbreviations
  • Explore Technavio

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