DUBLIN--(BUSINESS WIRE)--The "Wearable
Patch Market: Global Industry Analysis, Trends, Market Size and
Forecasts up to 2024" report has been added to ResearchAndMarkets.com's
The report predicts the global wearable patch market to grow with a CAGR of 50.9% over the forecast period of 2018-2024. The study on wearable patch market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Features such as continuous monitoring of patients body coupled with precise data, minimal interference with body movements and easy connectivity with the various smart phones are some of the pivotal factor that are driving the growth of this market. In addition rise in number of lifestyle diseases too fuel the market growth.
However, Lengthy process of governmental approvals and delay in new product launch are hiccups to the market growth. Increasing acceptance of wearable patches in emerging countries and increase adoption towards healthy lifestyle to create lucrative opportunities for wearable patches market.
In 2017, North America dominated the wearable patch market. U.S. and Canada are key regions attributing to the growth of these region. Much of the region's growth is associated due to the increase in the number of health conscious individuals. Also, these patches have extensive usage among athletes, working professionals and individual consumers. Furthermore, most of the major manufacturers of wearable smart patch are from these region which increases the chances of product penetration/adoption among the people.
Asia Pacific is expected to grow at the highest CAGR, owing to increasing awareness about wearable patch and rising disposable income.
Key Topics Covered
2. Executive Summary
3. Global Wearable Patch Market Overview
4. Global Wearable Patch Market by Product
5. Global Wearable Patch Market by Technology
6. Global Wearable Patch Market by Application
7. Global Wearable Patch Market by End-User
8. Global Wearable Patch Market by Region 2018-2024
9. Companies Covered
- Abbott Laboratories
- Proteus Digital Health
- Nemaura Medical
- X2 Biosystems
For more information about this report visit https://www.researchandmarkets.com/research/ggqbqq/wearable_patches?w=4