The sensor patch market is expected to be driven by factors such as the benefits of sensor patches for providers and patients. The market is estimated to grow by USD 4.31 bn from 2021 to 2026, according to Technavio. Moreover, the growth momentum of the market is expected to decelerate at a CAGR of 35.19% during the forecast period.
The sensor patch market is fragmented, and the vendors are deploying growth strategies such as adopting M and A strategies to compete in the market. Avery Dennison Corp., Barcode Technologies Ltd., Dexcom Inc., Frontier Smart Technologies Group Ltd., GENTAG Inc., HIVOX BIOTEK Inc., Hocoma AG, iFertracker, iRhythm Technologies Inc., Leaf Healthcare Inc., Masimo Corp., Medtronic Plc, NanoSonic Inc., Preventice Solutions Inc., Sensium Healthcare Ltd., Taizhou Best Electric Equipment Co. Ltd., Texas Instruments Inc., VitalConnect Inc., Vpatch Cardio Pty Ltd., and Isansys Ltd., among others, are some of the key vendors operating in the market.
Benefits of sensor patches for providers and patients are driving the growth of the sensor patch market. Various healthcare insurance companies and healthcare device companies are introducing devices such as sensor patches that help monitor diseases on a regular basis due to the rising costs of healthcare. These patches are easy to use daily. They can be concealed under clothes and do not hamper movements or day-to-day tasks. With advances in technology, many patches feature wireless connectivity in addition to the features of regular sensor patches. Features such as the continuous flow of healthcare data and the accuracy of data and convenience in daily use are popularizing these patches among healthcare providers. In addition, easy connectivity with devices such as smartphones will increase the demand for such patches. This, in turn, will drive the growth of the sensor patch market during the forecast period.
Sensor Patch Market 2022-2026: Segmentation
By application, the sensor patch market has been segmented into diagnostics, monitoring, and medical therapeutics. The diagnostics segment will have significant market share growth during the forecast period. The growth of the segment is driven by the strong demand for high-quality medical technologies, increasing geriatric population, high healthcare expenditure, increasing focus on early diagnosis and prevention, and increasing incidence of chronic diseases and disorders. Sensor patches provide continuous monitoring and feedback, which helps users take timely prevention, diagnosis, treatment, and control.
By geography, the sensor patch market has been segmented into North America, Europe, Asia, and Rest Of World (ROW). North America will account for 45% of the market’s growth during the forecast period. The US and Canada are the key countries for the sensor patches market in North America. Market growth in this region will be slower than the growth of the market in the European and Asian regions. The increasing number of health-conscious individuals in the region will drive the sensor patch market growth in North America during the forecast period.
3.1 Market definitionExhibit 11: Offerings of vendors included in the market definition3.2 Market segment analysisExhibit 12: Market segments3.3 Market size 20213.4 Market outlook: Forecast for 2021-2026Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summaryExhibit 17: Five forces analysis – Comparison between 2021 and 20264.2 Bargaining power of buyersExhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 20264.3 Bargaining power of suppliersExhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 20264.4 Threat of new entrantsExhibit 20: Threat of new entrants – Impact of key factors in 2021 and 20264.5 Threat of substitutesExhibit 21: Threat of substitutes – Impact of key factors in 2021 and 20264.6 Threat of rivalryExhibit 22: Threat of rivalry – Impact of key factors in 2021 and 20264.7 Market conditionExhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segmentsExhibit 24: Chart on Application – Market share 2021-2026 (%)Exhibit 25: Data Table on Application – Market share 2021-2026 (%)5.2 Comparison by ApplicationExhibit 26: Chart on Comparison by ApplicationExhibit 27: Data Table on Comparison by Application5.3 Diagnostics – Market size and forecast 2021-2026Exhibit 28: Chart on Diagnostics – Market size and forecast 2021-2026 ($ million)Exhibit 29: Data Table on Diagnostics – Market size and forecast 2021-2026 ($ million)Exhibit 30: Chart on Diagnostics – Year-over-year growth 2021-2026 (%)Exhibit 31: Data Table on Diagnostics – Year-over-year growth 2021-2026 (%)5.4 Monitoring – Market size and forecast 2021-2026Exhibit 32: Chart on Monitoring – Market size and forecast 2021-2026 ($ million)Exhibit 33: Data Table on Monitoring – Market size and forecast 2021-2026 ($ million)Exhibit 34: Chart on Monitoring – Year-over-year growth 2021-2026 (%)Exhibit 35: Data Table on Monitoring – Year-over-year growth 2021-2026 (%)5.5 Medical Therapeutics – Market size and forecast 2021-2026Exhibit 36: Chart on Medical Therapeutics – Market size and forecast 2021-2026 ($ million)Exhibit 37: Data Table on Medical Therapeutics – Market size and forecast 2021-2026 ($ million)Exhibit 38: Chart on Medical Therapeutics – Year-over-year growth 2021-2026 (%)Exhibit 39: Data Table on Medical Therapeutics – Year-over-year growth 2021-2026 (%)5.6 Market opportunity by ApplicationExhibit 40: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overviewExhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentationExhibit 42: Chart on Market share by geography 2021-2026 (%)Exhibit 43: Data Table on Market share by geography 2021-2026 (%)7.2 Geographic comparisonExhibit 44: Chart on Geographic comparisonExhibit 45: Data Table on Geographic comparison7.3 North America – Market size and forecast 2021-2026Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)7.4 Europe – Market size and forecast 2021-2026Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)7.5 Asia – Market size and forecast 2021-2026Exhibit 54: Chart on Asia – Market size and forecast 2021-2026 ($ million)Exhibit 55: Data Table on Asia – Market size and forecast 2021-2026 ($ million)Exhibit 56: Chart on Asia – Year-over-year growth 2021-2026 (%)Exhibit 57: Data Table on Asia – Year-over-year growth 2021-2026 (%)7.6 Rest of World (ROW) – Market size and forecast 2021-2026Exhibit 58: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)Exhibit 59: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)Exhibit 60: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)Exhibit 61: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)7.7 US – Market size and forecast 2021-2026Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)7.8 UK – Market size and forecast 2021-2026Exhibit 66: Chart on UK – Market size and forecast 2021-2026 ($ million)Exhibit 67: Data Table on UK – Market size and forecast 2021-2026 ($ million)Exhibit 68: Chart on UK – Year-over-year growth 2021-2026 (%)Exhibit 69: Data Table on UK – Year-over-year growth 2021-2026 (%)7.9 France – Market size and forecast 2021-2026Exhibit 70: Chart on France – Market size and forecast 2021-2026 ($ million)Exhibit 71: Data Table on France – Market size and forecast 2021-2026 ($ million)Exhibit 72: Chart on France – Year-over-year growth 2021-2026 (%)Exhibit 73: Data Table on France – Year-over-year growth 2021-2026 (%)7.10 Canada – Market size and forecast 2021-2026Exhibit 74: Chart on Canada – Market size and forecast 2021-2026 ($ million)Exhibit 75: Data Table on Canada – Market size and forecast 2021-2026 ($ million)Exhibit 76: Chart on Canada – Year-over-year growth 2021-2026 (%)Exhibit 77: Data Table on Canada – Year-over-year growth 2021-2026 (%)7.11 China – Market size and forecast 2021-2026Exhibit 78: Chart on China – Market size and forecast 2021-2026 ($ million)Exhibit 79: Data Table on China – Market size and forecast 2021-2026 ($ million)Exhibit 80: Chart on China – Year-over-year growth 2021-2026 (%)Exhibit 81: Data Table on China – Year-over-year growth 2021-2026 (%)7.12 Market opportunity by geographyExhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers8.2 Market challenges8.3 Impact of drivers and challengesExhibit 83: Impact of drivers and challenges in 2021 and 20268.4 Market trends
9 Vendor Landscape
9.1 Overview9.2 Vendor landscapeExhibit 84: Overview on Criticality of inputs and Factors of differentiation9.3 Landscape disruptionExhibit 85: Overview on factors of disruption9.4 Industry risksExhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors coveredExhibit 87: Vendors covered10.2 Market positioning of vendorsExhibit 88: Matrix on vendor position and classification10.3 Avery Dennison Corp.Exhibit 89: Avery Dennison Corp. – OverviewExhibit 90: Avery Dennison Corp. – Business segmentsExhibit 91: Avery Dennison Corp. – Key offeringsExhibit 92: Avery Dennison Corp. – Segment focus10.4 Dexcom Inc.Exhibit 93: Dexcom Inc. – OverviewExhibit 94: Dexcom Inc. – Business segmentsExhibit 95: Dexcom Inc. – Key offeringsExhibit 96: Dexcom Inc. – Segment focus10.5 Frontier Smart Technologies Group Ltd.Exhibit 97: Frontier Smart Technologies Group Ltd. – OverviewExhibit 98: Frontier Smart Technologies Group Ltd. – Product / ServiceExhibit 99: Frontier Smart Technologies Group Ltd. – Key offerings10.6 GENTAG Inc.Exhibit 100: GENTAG Inc. – OverviewExhibit 101: GENTAG Inc. – Product / ServiceExhibit 102: GENTAG Inc. – Key offerings10.7 HIVOX BIOTEK Inc.Exhibit 103: HIVOX BIOTEK Inc. – OverviewExhibit 104: HIVOX BIOTEK Inc. – Product / ServiceExhibit 105: HIVOX BIOTEK Inc. – Key offerings10.8 iRhythm Technologies Inc.Exhibit 106: iRhythm Technologies Inc. – OverviewExhibit 107: iRhythm Technologies Inc. – Product / ServiceExhibit 108: iRhythm Technologies Inc. – Key newsExhibit 109: iRhythm Technologies Inc. – Key offerings10.9 Medtronic PlcExhibit 110: Medtronic Plc – OverviewExhibit 111: Medtronic Plc – Business segmentsExhibit 112: Medtronic Plc – Key offeringsExhibit 113: Medtronic Plc – Segment focus10.10 Preventice Solutions Inc.Exhibit 114: Preventice Solutions Inc. – OverviewExhibit 115: Preventice Solutions Inc. – Product / ServiceExhibit 116: Preventice Solutions Inc. – Key offerings10.11 Texas Instruments Inc.Exhibit 117: Texas Instruments Inc. – OverviewExhibit 118: Texas Instruments Inc. – Business segmentsExhibit 119: Texas Instruments Inc. – Key offeringsExhibit 120: Texas Instruments Inc. – Segment focus10.12 VitalConnect Inc.Exhibit 121: VitalConnect Inc. – OverviewExhibit 122: VitalConnect Inc. – Product / ServiceExhibit 123: VitalConnect Inc. – Key offerings
11 Appendix
11.1 Scope of the report11.2 Inclusions and exclusions checklistExhibit 124: Inclusions checklistExhibit 125: Exclusions checklist11.3 Currency conversion rates for US$Exhibit 126: Currency conversion rates for US$11.4 Research methodologyExhibit 127: Research methodologyExhibit 128: Validation techniques employed for market sizingExhibit 129: Information sources11.5 List of abbreviationsExhibit 130: List of abbreviations
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