Sensor Patch Market Size, Share, Industry Analysis, Growth Drivers - Global Forecast to 2025

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Sensor Patch Market Size, Trends, Share - Global
Forecast to 2025 Sensor Patch Market by Product
(Temperature, Blood Glucose, Blood Pressure,
Heart Rate, ECG, Blood Oxygen), Application
(Monitoring, Diagnostics), Wearable Type
(Wristwear, Neckwear, Bodywear), End-user
Industry, and Region - Global Forecast to
2025 https//www.marketsandmarkets.com/Market-Rep
orts/sensor-patch-market-50239064.html
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According to the new research report on
the "Sensor Patch Market by Product (Temperature,
Blood Glucose, Blood Pressure, Heart Rate, ECG,
Blood Oxygen), Application (Monitoring,
Diagnostics), Wearable Type (Wristwear, Neckwear,
Bodywear), End-user Industry, and Region - Global
Forecast to 2025" This market is expected to
reach from USD 1.2 billion in 2020 to USD 6.4
billion by 2025, at a CAGR of 40.5. The key
factors contributing to the growth of the sensor
patch market include the rising demand for
portable medical devices and wearable sensors,
increasing elderly population, and increasing
applications of sensor patches to monitor glucose
level. Browse 104 market data Tables and 47
Figures spread through 178 Pages and in-depth TOC
on "Sensor Patch Market by Product (Temperature,
Blood Glucose, Blood Pressure, Heart Rate, ECG,
Blood Oxygen), Application (Monitoring,
Diagnostics), Wearable Type (Wristwear, Neckwear,
Bodywear), End-user Industry, and Region - Global
Forecast to 2025.
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Healthcare segment to account for the larger
size of the overall sensor patch market in
2020. The healthcare segment is expected to hold
the larger share of the sensor patch market, by
end-user industry, in 2020. Adoption of sensor
patches in clinical healthcare is improving the
communication between doctors and medical staff,
and hospital or medical institution and the
people wearing such patches to track and monitor
their health. Also, the emergence of cognitive
and predictive technologies has led to a rise in
the adoption of sensor patches in the healthcare
industry. Sensor patches provide excellent
response in medical simulations, medical
training, rehabilitation, and surgeries. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id50239064 APAC is expected to
grow at the highest CAGR during the forecast
period APAC is expected to witness highest CAGR
in the sensor patch market during the forecast
period. Being the most populated region in the
world, the market in APAC is mainly driven by the
increasing per capita healthcare expenditure and
disposable incomes. Furthermore, factors such as
urbanization, acceptance of innovative
technologies by end users, rise in the popularity
of wearables, and emergence of in-home healthcare
services are responsible for the growth of the
sensor patch market in this region.
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Opportunity Growing adoption of
telehealth Telehealth is an emerging concept in
the healthcare sector that can change the current
format of care and allow for accessing improved
health outcomes in a cost-effective way.
Telehealth is a provision and distribution of
healthcare remotely using telecommunication
technology. Under telehealth, remote patients can
obtain clinical services more easily, and
hospitals can provide emergency and intensive
care services remotely. With the inclusion of
more health monitoring wearables, the healthcare
industry is moving toward telehealth. These
devices can transmit health-related data from
patients to doctors and vice versa. Sensor
patches monitor, diagnose, and transmit the data
wirelessly using various communication
technologies, such as NFC and Bluetooth. These
advancements help people with limited mobility
and those living in remote areas, subsequently
resulting in reducing the repetitive visits to
hospitals and taking the healthcare industry to a
new dimension. Moreover, the huge amount of data
generated through the process of telehealth will
help in achieving better outcomes from healthcare
and scientific researches. Therefore, sensor
patches, being inexpensive, flexible, and
user-friendly, are expected to add a valuable
contribution to telehealth. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id50239064
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Challenge Issues related to data security due to
connected medical devices The wearable technology
ecosystem is a data-driven concept. In wearable
technology, a huge chunk of data is generated
from wearable-enabled devices, sensors, and
patches. With the growing use of this technology,
the rate of data intrusions is also increasing
rapidly. Wearable technology platforms are newly
developed, and there is a lack of security
standards. Data security and privacy have become
major areas of concern for patients and medical
service providers owing to the increasing global
adoption of sensor patches. The vulnerability of
connected medical devices in terms of personal
information leakages acts as a challenge for the
growth of the sensor patch market. With the
proliferation of IoT-based connected medical
devices in the global healthcare sector, these
medical devices are exposed to the threats of
cyberattacks. The connected nature of medical
devices makes certain medical devices prone to
hacking. Therefore, the manufacturers of such
medical devices are required to adhere to
stringent standards to ensure patient data
privacy and safety. IoT-based sensor patches are
hardware solutions that operate through wireless
technology. The data collected by these devices
is stored on the cloud. Since there is an
increased chance of data hacking, patient data
security becomes a high-focus area, which
requires a significant amount of additional
spending.   Key Market Players The report
profiles the most promising players in the sensor
patch market. The markets competitive landscape
presents an interesting picture of strategies
adopted by many players. Abbott Laboratories
(US), Medtronic PLC (Ireland), DexCom, Inc. (US),
Gentag, Inc. (US),  iRhythm Technologies, Inc.
(US), Preventice Solutions, Inc. (US), Texas
Instruments Inc. (US), and Proteus Digital
Health, Inc. (US) are few dominant players in the
sensor patch market.
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