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Global Sensor Patch Market to reach USD xx billion by the end of 2030

Global Sensor Patch Market Size study & Forecast, by Product Type (Temperature Sensor Patch, Blood Glucose Sensor Patch, Blood Pressure/Flow Sensor Patch, Heart Rate Sensor Patch, ECG Sensor Patch, Blood Oxygen Sensor Patch, Others), by Wearable Type (Wristwear, Footwear, Neckwear, Bodywear), by Application (Monitoring, Diagnostics, Medical Therapeutics), by End User (Healthcare, Fitness and Sports) and Regional Analysis, 2023-2030

Product Code: ENGE-70734633
Publish Date: 20-10-2023
Page: 200

Global Sensor Patch Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. A sensor patch, also known as a wearable sensor or smart patch, is a small electronic device that is worn on the body to monitor various physiological or environmental parameters. These patches are typically designed to be non-invasive and comfortable to wear, making them suitable for continuous monitoring in various applications. The Sensor Patch market is expanding because of factors such as the rising demand for wearable sensors and the increase in demand for portable medical devices Sensor patches contain sensors that can measure and collect data on a range of parameters such as heart rate, body temperature, blood pressure, electrocardiography, glucose levels, respiratory rate, motion, and more. Its importance has progressively increased during the forecast period 2023-2030.

The seamless integration of wearable sensors within the sensor patch allows for real-time data collection, accurate health tracking, and remote patient monitoring. According to Statista, Wearable medical sensors and gadgets were delivered in 85 million units in 2021, with shipments expected to increase up to 160 million by 2024. During this time, the compounded annual growth rate for wearable medical sensor and equipment shipments was 19%. Furthermore, in 2022, The global number of connected mobile devices has risen to over 1.1 billion, up from 929 million the previous year. Another important factor that drives the Sensor Patch market is the increasing demand for portable medical devices. Sensor patches allow for continuous monitoring of vital signs, physiological parameters, and other health-related data. It can also help to track heart rate, body temperature, blood pressure, oxygen saturation, respiratory rate, and more. Continuous monitoring is especially valuable for patients with chronic conditions or those requiring close observation. In addition, as per Statista, in 2021, The global medical device market was valued at USD 536 billion. The market was expected to exceed up to USD 773 billion with a CAGR of 6.16% by 2027. Moreover, the evolution of various diagnostic technologies and the growing adoption of telehealth are anticipated to create lucrative growth opportunities for the market over the forecast period. However, data security due to connected medical devices and design complexities stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Sensor Patch Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increased R&D in the field of wearables, in terms of new and improved technologies, and the rising demand for improved lifestyles. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising installation and integration of medical devices and healthcare IT systems in the region.

Major market player included in this report are:
Proteus Digital Health, Inc
Texas Instruments Inc
VitalConnect, Inc
Gentag, Inc
Medtronic PLC
iRhythm Technologies, Inc
Preventice Solutions, Inc
DexCom, Inc
Kenzen, Inc
Abbott Laboratories
Recent Developments in the Market:
Ø In May 2022, Vivalink has recently unveiled its cutting-edge multi-vital blood pressure patch, designed specifically for remote patient monitoring in commercial research and development settings. This state-of-the-art wearable device utilizes advanced multimodal continuous signal processing, allowing for the simultaneous capture of crucial health metrics, including ECG trace, heart rate, breathing rate, and both systolic and diastolic blood pressure. Leveraging electrical signal-based technology, this innovative patch represents a significant breakthrough in healthcare monitoring, providing a comprehensive and streamlined solution for continuous health assessment and data collection on a single, user-friendly device. The device has been cleared by the FDA/NMPA for ECG and heart rate, as well as the CE for ECG, heart rate, and respiration rate. The blood pressure component is built in and ready for exploration and development. The reusable and rechargeable wearable patch, weighing only 7.5 grammes and the size of a small bandage, requires no additional components such as a wristband or wires to capture blood pressure.
Global Sensor Patch Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type , Wearable Type, Application, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type
Temperature Sensor Patch
Blood Glucose Sensor Patch
Blood Pressure/Flow Sensor Patch
Heart Rate Sensor Patch
ECG Sensor Patch
Blood Oxygen Sensor Patch

By Wearable Type

By Application
Medical Therapeutics

By End User
Fitness and Sports

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Sensor Patch Market, by Region, 2020-2030 (USD Billion)
1.2.2. Sensor Patch Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Sensor Patch Market, by Wearable Type, 2020-2030 (USD Billion)
1.2.4. Sensor Patch Market, by Application, 2020-2030 (USD Billion)
1.2.5. Sensor Patch Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Sensor Patch Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Sensor Patch Market Dynamics
3.1. Sensor Patch Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising demand for wearable sensors Increase in demand for portable medical devices
3.1.2. Market Challenges Data security due to connected medical devices Design complexities
3.1.3. Market Opportunities Evolution of various diagnostic technologies Growing adoption of telehealth
Chapter 4. Global Sensor Patch Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Sensor Patch Market, by Product Type
5.1. Market Snapshot
5.2. Global Sensor Patch Market by Product Type, Performance – Potential Analysis
5.3. Global Sensor Patch Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Sensor Patch Market, Sub Segment Analysis
5.4.1. Temperature Sensor Patch
5.4.2. Blood Glucose Sensor Patch
5.4.3. Blood Pressure/Flow Sensor Patch
5.4.4. Heart Rate Sensor Patch
5.4.5. ECG Sensor Patch
5.4.6. Blood Oxygen Sensor Patch
5.4.7. Others
Chapter 6. Global Sensor Patch Market, by Wearable Type
6.1. Market Snapshot
6.2. Global Sensor Patch Market by Wearable Type, Performance – Potential Analysis
6.3. Global Sensor Patch Market Estimates & Forecasts by Wearable Type 2020-2030 (USD Billion)
6.4. Sensor Patch Market, Sub Segment Analysis
6.4.1. Wristwear
6.4.2. Footwear
6.4.3. Neckwear
6.4.4. Bodywear
Chapter 7. Global Sensor Patch Market, by Application
7.1. Market Snapshot
7.2. Global Sensor Patch Market by Application, Performance – Potential Analysis
7.3. Global Sensor Patch Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Sensor Patch Market, Sub Segment Analysis
7.4.1. Monitoring
7.4.2. Diagnostics
7.4.3. Medical Therapeutics
Chapter 8. Global Sensor Patch Market, by End User
8.1. Market Snapshot
8.2. Global Sensor Patch Market by End User, Performance – Potential Analysis
8.3. Global Sensor Patch Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
8.4. Sensor Patch Market, Sub Segment Analysis
8.4.1. Healthcare
8.4.2. Fitness and Sports
Chapter 9. Global Sensor Patch Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Sensor Patch Market, Regional Market Snapshot
9.4. North America Sensor Patch Market
9.4.1. U.S. Sensor Patch Market Product Type breakdown estimates & forecasts, 2020-2030 Wearable Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Sensor Patch Market
9.5. Europe Sensor Patch Market Snapshot
9.5.1. U.K. Sensor Patch Market
9.5.2. Germany Sensor Patch Market
9.5.3. France Sensor Patch Market
9.5.4. Spain Sensor Patch Market
9.5.5. Italy Sensor Patch Market
9.5.6. Rest of Europe Sensor Patch Market
9.6. Asia-Pacific Sensor Patch Market Snapshot
9.6.1. China Sensor Patch Market
9.6.2. India Sensor Patch Market
9.6.3. Japan Sensor Patch Market
9.6.4. Australia Sensor Patch Market
9.6.5. South Korea Sensor Patch Market
9.6.6. Rest of Asia Pacific Sensor Patch Market
9.7. Latin America Sensor Patch Market Snapshot
9.7.1. Brazil Sensor Patch Market
9.7.2. Mexico Sensor Patch Market
9.8. Middle East & Africa Sensor Patch Market
9.8.1. Saudi Arabia Sensor Patch Market
9.8.2. South Africa Sensor Patch Market
9.8.3. Rest of Middle East & Africa Sensor Patch Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Proteus Digital Health, Inc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Texas Instruments Inc
10.3.3. VitalConnect, Inc
10.3.4. Gentag, Inc
10.3.5. Medtronic PLC
10.3.6. iRhythm Technologies, Inc
10.3.7. Preventice Solutions, Inc
10.3.8. DexCom, Inc
10.3.9. Kenzen, Inc
10.3.10. Abbott Laboratories
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
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