Sensor patches are a type of sticking piece attached to the body, and they help to monitor and diagnose the condition of the patient. Some kinds of patch sensors connected to electronic devices, such as smartphones and tablets, monitor the patient’s health. It operates using small electric currents by adhering to the skin. Moreover, to measure glucose in an individual’s blood patch, sensors can perform on a small area over a single hair follicle. The shape of a sensor patch commonly designed into standard Band-Aid piece.
The global sensor patch market expected to increase market value by USD 8.2 billion, fueling CAGR in the forecast period from 2020-2027. The market demand for sensor patches is rising due to increasing disposable income, and the adoption of smart healthcare equipment. Emerging wearable applications in the healthcare sector are propelling the market share for the global sensor patch market.
Digital medical solutions such as tele diagnosis and remote patient monitoring ensure close contact with patients and bring about much-needed decentralized management (patients do not need to visit the hospital anytime). The need for a doctor to perform individual detection and treatment every time, to continuous monitoring through wearable and other connected medical devices, can improve the accuracy of diagnosis and provide preventive medical care.
Moreover, digital healthcare has brought lower-cost solutions to traditional healthcare while still maintaining a high level of medical services. A sensor patch is a wearable product attached to the skin. Its electronic components involve the integration of various automatic functions, such as sensors, actuators, processors, and communication components, so that that sensor patches can be interconnected and intelligent.
Sensor patches can integrate on adhesive patches in the form of rigid electronic devices. The flexibility provided by flexible electronic devices can give apparent advantages for achieving the goal of the senseless application.
Furthermore, scientific researchers’ continuous innovation has made the secrets of human health deeper by using various auxiliary sensor devices and monitoring equipment to understand health status. Sensor patch provides flexible electronic technology to develop more flexible smart wearable medical devices to achieve intelligent prevention and control of chronic diseases and continuous monitoring of daily health.
The increasing elderly population and geriatric population are rising the need for continuous monitoring of their health conditions. Therefore, sensor patches are flexible, cost-effective, and easy to use. It can easily monitor the patient’s status by collecting data from the patient’s body and monitoring health through smart gadgets.
The emerging rise in sports and fitness players and leading teams use sensor patches and practice for the game according to the health conditions. It helps in increasing their performance, improves their results, and increases their morale and stamina as well.
Based on the product type, the global sensor patch market segment into Temperature, Blood Glucose, Blood Pressure, Heart Rate, ECG, & Blood Oxygen. The blood glucose segment estimated to dominate the maximum share of the global sensor patch market. The glucose sensor based on enzymes; it will be affected by changes in the pH of the sweat. The pH and temperature sensors monitor these two parameters in real-time and adjust the glucose sensor’s measured values to improve the reliability of glucose measurement further. Moreover, the blood glucose sensor patch is a transparent plastic sheet, the size of a playing card. It is attached to the skin to monitor blood glucose levels and release drugs through the skin to lower blood glucose levels when necessary.
Based on application, the global sensor patch market classified into Monitoring, Diagnostics, Medical Therapeutics. The diagnostics segment dominated the largest market share in the global sensor patch market. With the growing pandemic situation, the diagnostic test is increasing, and thus, diagnostic sensor market demand is rising as it helps in diagnosis data of the patient. The sensor only needs to be attached to the skin like a band-aid. It can collect various health information in real-time by monitoring human physiological signals and movement characteristics and bringing expectations for multiple applications.
Based on the wearable type, the global sensor patch market segmented into Wristwear, Footwear, Neckwear, Bodywear. Bodywear sensor patch segment dominating the largest market share in the global sensor patch market. It is mainly due to the increasing demand for bodywear sensor patches, which helps in tracking and recording the person’s medical records. Moreover, wearable pieces are mostly used by sportsperson to achieve fitness goals by monitoring health conditions.
Based on end-user, the global sensor patch market bifurcated into Healthcare, Fitness & sports. The fitness & sports segment is capturing the maximums share in the worldwide sensor patch market. The sports team uses wearable sensor patches as they show positive results in increased performance and results, increasing the potential and reducing injuries. Moreover, to increase life expectancy is driving the market growth of the global sensor patch market.
Based on geography, the global sensor patch market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world’s fastest-growing global sensor patch market, accounting for the largest share. It is mainly due to the increasing disposable income, emerging healthcare infrastructure, and growing quality clinical care to the patient driving the sensor patch market in the Asia Pacific.
Companies such as Abbott Laboratories, iRhythm Technologies, Inc, DexCom, Inc., Medtronic PLC, Texas Instruments Inc., Proteus Digital Health, Inc., Gentag, Inc., Kenzen, Inc., VitalConnect, Inc., and Preventice Solutions, Inc, Humavox Ltd., Vpatch Cardio Pty Ltd., Hocoma AG, Smartrac N.V., Isansys Lifecare Ltd., Leaf Healthcare, Inc., Masimo Corporation, Hivox Biotek Inc., NanoSonic, Inc., MC10, Inc., Raiing Medical Company, Sensium Healthcare Ltd., Feeligreen SA, Nemaura Medical Inc., G-Tech Medical Inc, and others are key players in the global sensor patch market.
By Product Type
By Wearable Type
By End-User Industry