Wearable Wireless Patch Devices Market Size, Share, Impressive Industry Growth, Report 2027

 

The market of Wearable Wireless Patch Devices Market is anticipated to grow at a significant CAGR during forecast period. A wearable wireless patch device is an all-in-one monitor that is utilised to measure heart rate, breathing patterns and other important signs, offering both clinical and consumer healthcare uses.

The market is being propelled forward by technological developments in wireless wearable patches, an increase in the prevalence of chronic diseases, and a rise in consumer awareness of wireless  wearable patches. Wireless wearable patch market expansion is aided by features such as continuous patient monitoring combined with precise data, low interference with body motions, and easier interaction with smartphones. In May 2020, the United States Food and Drug Administration (USFDA) approved Koninklijke Philips N.V.'s Philips Biosensor BX100, a disposable wearable sensor patch that can detect heart rate and respiration rate until a patient is released from an intensive care unit.

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Connected wearables are small, have wireless connectivity, and are typically used to track heart rate via Bluetooth. It also makes use of myoelectric technology and a microprocessor controller. Furthermore, these patches are compatible with the majority of mobile operating systems and may be readily connected via Bluetooth. Data is collected at regular intervals by connected wearable patches and transmitted to connected devices such as cellphones and computers. By remotely monitoring patients' health, they minimise the need for personal consultations with doctors. The  wireless wearable patch market's growth is obstructed by the expensive cost of sensor patches and concern about data privacy and security.

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Market Coverage

·        The market number available for – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered-

o             By Type

o             By Application

·        Competitive Landscape: Koru Lab (Finland), Primo1D (France), Sarvint Technologies Inc (USA), Aztrong Inc. (China) Blue Spark Technologies (USA) and others.

Key questions addressed by the report

·        What is the market growth rate?

·        Which segment and region dominates the market in base year?

·        Which segment and region will project fastest growth in the market?

·        How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

Global Wearable Wireless Patch Devices Market- Segmentation

By Type

•             Hardware

•             Software

•             Services

By Application

•             Education

•             Retail

•             Others

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Wearable Wireless Patch Devices Market– Segment by Region

North America          

·        United States

·        Canada

Europe

·        Germany

·        United Kingdom

·        France

·        Spain

·        Italy

·        Rest of Europe

Asia-Pacific   

·        China

·        Japan

·        India

·        Rest of Asia-Pacific

Rest of the World

·        Middle East & Africa

·        Latin America

Company Profiles

·        Koru Lab (Finland)

·        Primo1D (France)

·        Sarvint Technologies Inc (USA)

·        Aztrong Inc. (China)

·        Blue Spark Technologies (USA)

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