Wearable Patches Market- Global Industry size, share, Size, Opportunity, and Forecast. Segmented By, Technology (Connected v/s Regular), By Application (Monitoring, Drug Delivery, Diagnostics, Others), By End User (Healthcare v/s Fitness & Sports), By Company, By Region, Forecast & Opportunities 2028

Wearable patches market is expected to grow at a significant rate during the forecast period. Wearable patches are electronics devices that are made up of sensors and actuators and are attached using adhesive onto the body.

 Wearable patches are small devices that can be attached to the skin, typically on the chest, arm, or wrist. They contain sensors that can measure a range of health parameters, such as heart rate, blood pressure, blood sugar levels, oxygen saturation, and temperature. The data collected by these sensors is then transmitted to a mobile device or a cloud server for analysis. Advantage of wearable patches is to maintain health and well-being from chronic ailments such as diabetes which is expected to fuel the global wearable patches market growth. These patches have become increasingly popular due to their convenience, ease of use, and ability to provide continuous monitoring of various health parameters. Huge investments in research and technology for enhanced and more efficient wearable patches by major players around the globe is propelling the wearable patches market growth.

Real-time analytics with constant monitoring and generation of data coupled with emerging technologies is aiding the global wearable patches market growth.

Increasing Prevalence of Chronic Diseases­­
The growing prevalence of chronic diseases such as cancer, diabetes, asthma and cardiovascular diseases, etc. is propelling the demand for the wearable patches. The burden of these diseases is leading to the high mortality rates. Due to the availability of limited staff, the waiting time at the hospitals is increasing and thus the patients are unable to get adequate timely treatments in the hospitals and only a limited number of patients can be monitored in the hospitals. Chronic diseases such as diabetes, cardiovascular disease, and respiratory diseases require continuous monitoring of various health parameters. Wearable patches provide a convenient and non-invasive way to monitor these parameters without the need for frequent visits to a healthcare provider. Thereby the physicians & patients are advising to use the wearable patches that provide the remote monitoring of health along with the administration of medicines, thereby bolstering the demand of global wearable patches market in the forecast period. For instance, In 2020, Philips launched its FDA approved Biosensor BX100, a disposable wearable sensor that is designed to track the respiratory rate and heart rate of the patient after getting discharged from the ICU.

Growing Demand for Cloud-Based Solutions
The healthcare industry is adopting technological advancements with the increasing interest in upgrading their IT infrastructure to make the healthcare facilities much efficient and fast. With the increasing interest in patient’s privacy and safety, there is an increased demand for facilities such as cloud computing to fasten the access to electronic medical records, enabling to the better storage of medical data, allowing the remotely access data through these wearable patches. For instance, in 2021, a cloud-based DL model is proposed for wearable IoT continuous glucose monitoring devices that used to predict the glucose levels in the blood for 30 min horizons in 5 min intervals based on the prior 20 samples of the patients, thereby the model is able to predict the patient’s hyperglycemic conditions earlier thereby making the patient aware for the aftereffects.  Moreover, inventing an application to integrate any wearable device to the IoT and the cloud increases the portability and robustness of the devices thereby driving the market growth in the forecast period.

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Increased Demand for Real-Time Health Monitoring
Growing demand of general health and activity tracking after association with telehealth services and transmitting health services such as rapid development of various wearable devices monitoring different parameters, such as pressure/strain, body vital signs (e.g., heartbeat rate, respiration rate, and temperature) and biomarkers that can be found either in body fluids (e.g., saliva, sweat, tears), or in skin odor and breath, etc.  with the heath care provider is propelling the demand for global wearable patches market growth. Wearable patches can also help to improve patient outcomes and reduce healthcare costs. Real-time monitoring of health parameters can alert healthcare providers to potential health problems before they become more serious, allowing for early intervention and prevention. This can help to reduce hospitalizations and other healthcare costs associated with chronic diseases. For instance, Recently, in 2023, Epicore Biosystems launches its new Connected Hydration sweat patch and mobile app designed especially for the industrial athletes working on the frontlines of labor-intensive industries. The company’s first wearable designed to continuously measure sweat fluid and electrolyte losses while monitoring skin temperature and movement, through real-time alarms and vibrations onboard the device. The Connected Hydration specifically alerts wearers when their fluid loss exceeds 2% of body weight to prevent dehydration.

Increased drug delivery through the wearable skin patches
In earlier times, transdermal patches have been used to deliver medication for conditions such as pain, hormone replacement therapy, and nicotine replacement therapy. However, recent advances in technology have enabled the development of transdermal patches that can deliver a wider range of medications, including drugs for diabetes, hypertension, and migraine. Skin-based wearable devices are having huge potential resulting in an enhanced approach to health monitoring and disease diagnosing. With the growing research & development in the skin-based wearable devices advancements such as regulation of strain, temperature, biomarker-analysis wearable devices, with the increased upgradation in the biocompatibility, sensitivity and durability is propelling the market demand. For instance, the detection of cystic fibrosis via the sweat diagnostics with the help of wearable patches, monitoring of biomarkers such as cytokines, management of diabetes, and other body parameters such as sleep, heart rate and respiratory rates through wearable sensors. Furthermore, the use of wearable skin patches for drug delivery has the potential to improve patient outcomes by providing a convenient and non-invasive way to deliver medication such as the wearable patches introduced to treat migraines in people suffering the health condition. Wearable patches such as scopolamine patches and transdermal patches is utilized over the affected part of the body for disease monitoring, and this increased demand for drug delivery is bolstering the wearable patch market growth and is anticipated to keep growing in the forecast period.

Increased demand for personalized medicine
Increased demand for real-time health monitoring in wearable patches is the extending interest in personalized medicine. Wearable patches can provide real-time data on an individual's health status, which can be used to alter treatments and interventions to their specific requirements and can be used to inform personalized treatment plans. For instance, if a patient with diabetes is using a wearable patch to monitor their blood sugar levels, the data collected by the patch can be used to adjust their insulin dosage or recommend dietary changes based on their individual needs. Additionally wearable patches can also help to enhance medication adherence, which is a considerable factor in personalized medicine. For instance, a wearable patch that reminds patients to take their medication at the right time and dosage can aid to ensure that they are receiving the right treatment at the right time. This can help to free up healthcare providers to focus on more complex tasks, such as diagnosis and treatment planning. Moreover, providing patients with real-time data on their health status, wearable patches can help them to better understand their condition and take an active role in managing their health personally  and is therefore a huge factor in promoting the demand for global wearable patches market.

Market Segmentation
Global wearable patches market has been segmented based on technology, application, end user, region, and company. Based on technology, market is further bifurcated into connected and regular technology devices. Based on Application, the market is further segmented into Monitoring, Drug Delivery, Diagnostics and Others. Depending on the End user, the market is fragmented into healthcare and Fitness & Sports.

Market Players
Koninklijke Philips N.V., Sensium Healthcare Ltd, Leaf Healthcare, Inc (Smith & Nephew, Plc.), Dexcom, Inc, Abbott Laboratories., Inc., GENTAG, Inc, LifeSignals, Inc, VitalConnect, Cardiac Insight Inc, VivaLNK, Inc, are some of the top leading players of the global wearable patches market.

Report Scope:

In this report, global wearable patches market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Wearable Patches Market, By Technology:

o   Connected

o   Regular

·         Wearable Patches Market, By Application:

o   Monitoring

o   Drug Delivery

o   Diagnostics

o   Others

·         Wearable Patches Market, By End User:

o   Healthcare

o   Fitness & Sports

·         Wearable Patches Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  United Kingdom

§  Italy

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Middle East and Africa

§  UAE

§  Saudi Arabia

§  South Africa

§  Kuwait

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global wearable patches market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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