Increasing Demand for Sensor Patches during 2020-2025

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MarketsandMarkets Presents

Increasing Demand for Sensor Patches during
2020-2025 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", published by
MarketsandMarkets, the market is expected to
grow from USD 1.2 billion in 2020 to USD 6.4
billion by 2025, at a CAGR of 40.5. The growth
of this market is mainly driven by the rising
demand for portable medical devices and wearable
sensors, increasing elderly population, and
growing use of sensor patches to monitor glucose
level. The growing adoption of telehealth and
advancements in wearable solutions and digital
technologies provide major opportunities for the
growth of the sensor patch market. Browse 104
market data Tables and 47 Figures spread
through 178 Pages and in-depth TOC on "Sensor
Patch Market - Global Forecast to 2025"
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Bodywear to witness highest CAGR during
20202025 The market for bodywear is expected to
grow at the highest CAGR during the forecast
period. The significant growth rate of the market
can be attributed to the increasing demand for
bodywear patches to track the medical records of
patients or sportspeople. Bodywear devices such
as chest straps and smart patches are worn on the
chest and arms for monitoring fitness. Moreover,
wearable sensors are very small and can be
integrated into smart patches to help the users
achieve daily fitness goals and monitor health
conditions. Ask PDF Brochure https//www.markets
andmarkets.com/pdfdownloadNew.asp?id50239064 Fit
ness and sports end-user industry expected to
exhibit higher CAGR in sensor patch market from
2020 to 2025 The sensor patch market for fitness
and sports end-user industry is expected to grow
at a higher CAGR from 2020 to 2025. Sensor
patches transform the way athletes train,
perform, and recover from injuries. The
increasing average life expectancy of the
population worldwide would further drive the
growth of the sensor patch market in the fitness
and sports industry. Leading teams from different
sports have started adopting wearable sensor
patches and have shown positive results in
increasing potential, performance, energy
management, and reduction in injuries.
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Increasing per capita healthcare expenditure and
disposable incomes to boost demand for sensor
patches in APAC during forecast period The sensor
patch market in APAC is expected to grow at the
highest CAGR during the forecast period. The
growing need for the implementation and
integration of medical devices and healthcare IT
solutions in Asia to provide cost-effective and
quality clinical care to patients drives the
regional market for sensor patches. As a result,
many global wearable solution companies are
investing in the Asian market to capitalize on
the growing opportunities. In addition, the
COVID-19 outbreak has resulted in an increased
patient pool in the region, especially
in China and India. The growing patient volume,
along with the rising need for accurate and
timely diagnosis and treatment of this disease,
will fuel the growth of the sensor patch market
in APAC. Request Free Sample Pages https//www.m
arketsandmarkets.com/requestsampleNew.asp?id50239
064 Key players in the sensor patch market are
Abbott Laboratories (US), iRhythm Technologies,
Inc. (US), DexCom, Inc. (US), Medtronic PLC
(Ireland), Texas Instruments Inc. (US), Proteus
Digital Health, Inc. (US), Gentag, Inc. (US),
Kenzen, Inc. (US), VitalConnect, Inc. (US), and
Preventice Solutions, Inc. (US).
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