Global Sensor Patch market research report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and market size research in the Current Sensor Patch Industry.
Sensor Patch market size will grow from USD 55.53 Million in 2017 to USD 560.4 Million by 2023, at an estimated CAGR of 47%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Some of the key factors driving this market are the increasing per capita healthcare expenditure and disposable incomes in OECD countries, consumer preference for wearables in health monitoring application, and comfort ability offered by sensor patch. The market for blood glucose sensor patch accounted for the largest market in 2017.
The large market of blood glucose sensor patch is mainly attributed to increasing number of patients with diabetes across the world. According to World Health Organization, about 422 million people were affected by diabetes in 2014 worldwide.
Many patients with diabetes have been advised to monitor blood glucose on a regular basis. Monitoring glucose level regularly is essential to keep diabetes under control.
The demand for self-testing devices is driving the sensor patch market. The painful pricking procedure used by other glucose monitoring devices can be considerably avoided by implementing sensor patches.
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Sensor Patch Market Globally is witnessing good traction which is evident by the Global Sensor Patch Market report. The report provides the customers a thorough coverage of the Sensor Patch Market performance over the last 5 years, and an accurate estimation of the market performance substantiated by the observed market trends over the years.
Furthermore, the report covers accurate projection of the Sensor Patch Market for the forecast period of 2018 – 2023. Moreover, the report covers other key statistics such as CAGR, market volume, market value in millions
By Market Players:
Abbott Laboratories (US) , iRhythm Technologies, Inc. (US) , Dexcom, Inc. (US) , Medtronic PLC (Ireland) , Texas Instruments Incorporated (US) , Proteus Digital Health, Inc.
(US) , Gentag, Inc. (US) , Kenzen Inc. (US) , Vitalconnect, Inc. (US) , Smartrac N.V.
(Netherlands) , Nanosonic, Inc. (US), Isansys Lifecare Ltd.(UK), Leaf Healthcare, Inc.
(US), , ,
Temperature Sensor Patch , Blood Glucose Sensor Patch , Blood Pressure/Flow Sensor Patch , Heart Rate Sensor Patch , ECG Sensor Patch
Monitoring , Diagnostics, , ,
By End-User Industry
Healthcare , Fitness and Sports, ,
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The global Sensor Patch Market report covers the overview of the market which provides the customer detailed information about the Sensor Patch Market such as the different types of products, the applications of the products and their performance in the market. This can help the customer relate to the market and gain requisite insights into the Sensor Patch Market for better understanding and planning.
The global Sensor Patch Market is segmented into various regions. Each region is individually analyzed and then pitted against one another to conclude as to which region is the leading region in the Sensor Patch Market in terms of value, volume, and market share.
Furthermore, the region which is recording the fastest growth rate is also covered.
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The type with the fastest growth rate for the forecast period and the type holding the highest market share are mentioned in the report along with a detailed analysis of each type in the global Sensor Patch Market report. The report also covers the key companies fighting it out in the Sensor Patch Market across the globe.
With the intense competition present in the Sensor Patch Market, the customer should be well informed of the competition and what is to be faced ahead.
Apart from this, the report also covers the rest of the Sensor Patch Market analysis such as market analysis, downstream customers, consumption, sales, price, and gross margin. Customer looking to buy this report presented by Orbis Research will receive the best collation of data and statistics about the Sensor Patch Market and can gain actionable insights through the well prepared report.
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