Global wearable skin patch market is registering a healthy CAGR in the forecast period of 2020-2026. Wearable skin patches are patches that have been attached to the skin for a certain period of time and are used in therapy and medication. They are used both in the delivery of drugs, patient monitoring and in athletics.
Skin patches are unique as they stick to one location without any motion interference and assist to record accurate information. These patches are connected with most mobile operating systems and can also be readily connected via Bluetooth, making them an alternative to other health surveillance devices such as fitness bands and watches.
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Key Market Competitors:
Few of the major market competitors currently working in the global wearable skin patch market are CeQur SA, Chrono Therapeutics Inc., Dexcom, Inc., Nemaura, Abbott, Medtronic, GENTAG, Inc., Insulet Corporation, Kenzen, Inc., G-TECH Services, Inc., HIVOX BIOTEK INC., iRhythm Technologies, Inc., Raiing Medical Company, Isansys Ltd., Sensium Healthcare Ltd, Leaf Healthcare, Inc., Rare Beauty Brands, Qualcomm Technologies, Inc., Indiegogo, Inc., Feeligreen, VitalConnect, UPRIGHT, among others.
Segmentation: Global Wearable Skin Patch Market
- By Technology (Regular Wearable, Connected Wearable)
- By Application (Clinical applications, Non-Clinical Applications)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis:
Global wearable skin patch market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wearable skin patch market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
- Affordable price of the product drives the market growth
- Surging preference for wearable patches in the cosmetic industry is flourishing the market growth
- increasing preference for healthy lifestyle is driving the growth of the market
- Easy connectivity with smartphones and computing devices are helping to grow this market
Market Restraints
- trust issues of patients regarding wearable patches hinders the market growth
- Integration of sensors in computing devices and various accessories hampers the market growth
Reasons to Purchase this Report
- Current and future of global wearable skin patch market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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