Asia Pacific Wearable Patch Market By Technology (Connected Wearable and Regular Wearable), By Application (Non-Clinical and Clinical), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Asia Pacific Wearable Patch Market would witness market growth of 10.8% CAGR during the forecast period (2020-2026). The speedily increasing aging population and growing occurrence of cardiovascular diseases are the primary factors that are expected to drive segment growth in the foreseeable period. Similarly, factors like technological evolution, growing prevalence of chronic diseases, and augmented demand for the Regular Wearable patches are additionally projected to boost market growth in the coming years. The increasing usage of connectivity technologies like Bluetooth, microprocessor controller, and myoelectric technology in turn has resulted in the increasing demand for these devices. Furthermore, growing demand for these technologically advanced products in developed countries as well as increasing awareness are expected to boost the market over the foreseeable period.
The growth of this market is largely driven by the increasing demand for transferable medical devices and wearable sensors, rise in the number of elderly people, and increasing use of sensor patches in order to monitor glucose level. Rising adoption of telehealth as well as advancements in digital technologies and wearable solutions provide many opportunities for the market growth of the sensor patch.
The increasing incidence of lifestyle disease as well as rising number of geriatric populations are the key factors encouraging growth of the global wearable skin patch market over the foreseeable period. Connected Wearable patch is expected to have maximum share in the over-all wearable skin patch market. These wearable patches are not equipped with any sensors or other electronics imbedded in them and are precisely used by cosmetic and anti-smoking companies.
Based on Technology, the market is segmented into Connected Wearable and Regular Wearable. Based on Application, the market is segmented into Non-Clinical and Clinical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DexCom, Inc., Abbott Laboratories, Koninklijke Philips N.V., Smith & Nephew PLC (Leaf Healthcare, Inc.), Qualcomm, Inc., L'Oreal Group, VivaLNK, Inc., Cardiac Insight, Inc., AliveCor, Inc. and LifeSignals Group, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Connected Wearable
- Regular Wearable
- South Korea
- Rest of Asia Pacific
- DexCom, Inc.
- Abbott Laboratories
- Koninklijke Philips N.V.
- Smith & Nephew PLC (Leaf Healthcare, Inc.)
- Qualcomm, Inc.
- L'Oreal Group
- VivaLNK, Inc.
- Cardiac Insight, Inc.
- AliveCor, Inc.
- LifeSignals Group, Inc.
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