Global Sensor Patch Market 2027

Published: October 2020 Published: December 2020 Published: December 2021 Published: February 2021 Published: April 2021 2015 – 2025 2017 – 2027 2017 – 2027 GLOBAL SOFTWARE AS A SERVICE GLOBAL SENSOR PATCH MARKET – (SAAS) MARKET –FORECAST AND FORECAST ANDOPPORTUNITIES www.techsciresearch.com OPPORTUNITIES wwwwww..ttechechscisciresearch.research.cocomm www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com 1 MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING

Table of Contents S. No. Contents 1. Sensor Patch: Product Overview 2. Research Methodology 3. Executive Summary 4. Impact of COVID-19 on Global Sensor Patch Market 5. Voice of Customer 5.1. Brand Awareness 5.2. Factors Affecting Purchase Decision 5.3. Customer Satisfaction 5.4. Preference for Sensor Patch, By Type 6. Global Sensor Patch Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Product Type (Temperature Sensor Patch, Blood Glucose Sensor Patch, Blood Pressure/Flow Sensor Patch, Heart Rate Sensor Patch, Blood Oxygen Sensor Patch and Others) 6.2.2. By Application (Diagnostic & Imaging, Monitoring, Others) 6.2.3. By End User (Hospitals & Clinics, Home Care, Laboratory Diagnostic, Fitness and Sports) 6.2.4. By Region 6.2.5. By Company (2021) 6.3. Market Map (By Product Type, By Application, By End User and By Region) 7. North America Sensor Patch Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value © TechSci Research 22

Table of Contents S. No. Contents 7.2. Market Share & Forecast 7.2.1. By Product Type 7.2.2. By Application 7.2.3. By End User 7.2.4. By Country 7.3. North America: Country Analysis 7.3.1. United States Sensor Patch Market Outlook 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Product Type 7.3.1.2.2. By Application 7.3.1.2.3. By End User 7.3.2. Canada Sensor Patch Market Outlook 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Product Type 7.3.2.2.2. By Application 7.3.2.2.3. By End User © TechSci Research 33

Table of Contents S. No. Contents 7.3.3. Mexico Sensor Patch Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Product Type 7.3.3.2.2. By Application 7.3.3.2.3. By End User 8. Europe Sensor Patch Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Product Type 8.2.2. By Application 8.2.3. By End User 8.2.4. By Country 8.3. Europe: Country Analysis 8.3.1. Germany Sensor Patch Market Outlook 8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Product Type 8.3.1.2.2. By Application 8.3.1.2.3. By End User © TechSci Research 44

Table of Contents S. No. Contents Page No. 8.3.2. France Sensor Patch Market Outlook 8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Product Type 8.3.2.2.2. By Application 8.3.2.2.3. By End User 8.3.3. United Kingdom Sensor Patch Market Outlook 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Product Type 8.3.3.2.2. By Application 8.3.3.2.3. By End User 8.3.4. Italy Sensor Patch Market Outlook 8.3.4.1. Market Size & Forecast 8.3.4.1.1. By Value 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Product Type 8.3.4.2.2. By Application 8.3.4.2.3. By End User © TechSci Research 55

Table of Contents S. No. Contents 8.3.5. Spain Sensor Patch Market Outlook 8.3.5.1. Market Size & Forecast 8.3.5.1.1. By Value 8.3.5.2. Market Share & Forecast 8.3.5.2.1. By Product Type 8.3.5.2.2. By Application 8.3.5.2.3. By End User 9. Asia-Pacific Sensor Patch Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Product Type 9.2.2. By Application 9.2.3. By End User 9.2.5. By Country 9.3. Asia-Pacific: Country Analysis 9.3.1. China Sensor Patch Market Outlook 9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value © TechSci Research 66

Table of Contents S. No. Contents 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Product Type 9.3.1.2.2. By Application 9.3.1.2.3. By End User 9.3.2. Japan Sensor Patch Market Outlook 9.3.2.1. Market Size & Forecast 9.3.2.1.1. By Value 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Product Type 9.3.2.2.2. By Application 9.3.2.2.3. By End User 9.3.3. India Sensor Patch Market Outlook 9.3.3.1. Market Size & Forecast 9.3.3.1.1. By Value 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Product Type 9.3.3.2.2. By Application 9.3.3.2.3. By End User 9.3.4. South Korea Sensor Patch Market Outlook 9.3.4.1. Market Size & Forecast 9.3.4.1.1. By Value 9.3.4.2. Market Share & Forecast © TechSci Research 77

Table of Contents S. No. Contents 9.3.4.2.1. By Product Type 9.3.4.2.2. By Application 9.3.4.2.3. By End User 9.3.5. Australia Sensor Patch Market Outlook 9.3.5.1. Market Size & Forecast 9.3.5.1.1. By Value 9.3.5.2. Market Share & Forecast 9.3.5.2.1. By Product Type 9.3.5.2.2. By Application 9.3.5.2.3. By End User 10. South America Sensor Patch Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Product Type 10.2.2. By Application 10.2.3. By End User 10.2.5. By Country 10.3. South America: Country Analysis 10.3.1. Brazil Sensor Patch Market Outlook © TechSci Research 88

Table of Contents S. No. Contents 10.3.1.1. Market Share & Forecast 10.3.1.1.1. By Type 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Product Type 10.3.1.2.2. By Application 10.3.1.2.3. By End User 10.3.2. Argentina Sensor Patch Market Outlook 10.3.2.1. Market Size & Forecast 10.3.2.1.1. By Value 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Product Type 10.3.2.2.2. By Application 10.3.2.2.3. By End User 10.3.3. Colombia Sensor Patch Market Outlook 10.3.3.1. Market Size & Forecast 10.3.3.1.1. By Value 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Product Type 10.3.3.2.2. By Application 10.3.3.2.3. By End User © TechSci Research 99

Table of Contents S. No. Contents Page No. 11. Middle East and Africa Sensor Patch Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 11.2. Market Share & Forecast 11.2.1. By Product Type 11.2.2. By Application 11.2.3. By End User 11.2.5. By Country 11.3. Middle East & Africa: Country Analysis 11.3.1. Saudi Arabia Sensor Patch Market Outlook 11.3.1.1. Market Size & Forecast 11.3.1.1.1. By Value 11.3.1.2. Market Share & Forecast 11.3.1.2.1. By Product Type 11.3.1.2.2. By Application 11.3.1.2.3. By End User 11.3.2. UAE Sensor Patch Market Outlook 11.3.2.1. Market Size & Forecast 11.3.2.1.1. By Value 11.3.2.2. Market Share & Forecast © TechSci Research 1010

Table of Contents S. No. Contents 11.3.2.2.1. By Product Type 11.3.2.2.2. By Application 11.3.2.2.3. By End User 11.3.3. South Africa Sensor Patch Market Outlook 11.3.3.1. Market Size & Forecast 11.3.3.1.1. By Value 11.3.3.2. Market Share & Forecast 11.3.3.2.1. By Product Type 11.3.3.2.2. By Application 11.3.3.2.3. By End User 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends and Developments 14. Company Profiles 14.1. iRhythm Technologies Inc. 14.2. DexCom Inc. 14.3. g.tec Medical Engineering GmbH 14.4. Medtronic Plc 14.5. Texas Instruments Inc. © TechSci Research 1111

Table of Contents S. No. Contents 14.6. Abbott Laboratories Inc. 14.7. Feeligreen SA 14.8. Gentag, Inc. 14.9. G-Tech Medical, Inc. 14.10. Hivox Biotek Inc. 15. Strategic Recommendations 16. About Us & Disclaimer © TechSci Research 1212

Product Overview

Product Overview Scope of Report: Sensor Patch A sensor patch is a wearable patch that monitors and diagnoses physiological parameters that can be tracked and analyzed remotely. Sensor patches are attached to the human body to monitor a range of vital signs and provide specific treatments when required. A sensor patch is applied to a patient's skin with an adhesive and features a foam part and embedded electronics to monitor the patient's physiological signs, such as pulse. Market Segmentation PRODUCT TYPE END USER • Temperature Sensor Patch • Hospitals & Clinics Year Range GLOBAL SENSOR PATCH MARKET • Blood Glucose Sensor Patch • Home Care • Blood Pressure/Flow Sensor • Laboratory Diagnostics Patch • Fitness and Sports Review Period • Heart Rate Sensor Patch 2017 – 2020 • Blood Oxygen Sensor Patch Base Year • Others REGION 2021 APPLICATION • Europe Estimated Year • North America 2022 • Diagnostic & Imaging • Asia-Pacific • Monitoring • South America Forecast Period • Others • Middle East & Africa 2023 – 2027 © TechSci Research 1414

Research Methodology

Research Methodology Market Formulating Developing List of Data Data Data Profiling Questionnaire Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine overall market interviews, TechSci specialists was industry experts and and secondary tools and internal size, segmental market size formulated a detailed developed. industry players for research was proprietary database to and top players in the discussion guide. data collection and validated through obtain qualitative and GlobalSensor Patch verification. rigorous quantitative insights about Market. triangulation. Global Sensor Patch Market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business Leaders ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution ✓ Questionnaire Design Aspects/Dynamics ✓ In-depth Interviews ✓ Government Policies ✓ Conclusion Primary Research Secondary Research Paid Sources ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body © TechSci Research 1616

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global sensor patch market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing elderly population, growing number of patients with diabetes, increase in chronic illness, high adoption of telehealth etc. and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global sensor patch market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the global sensor patch market to obtain the overall market size during 2017-2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the historical market size data. © TechSci Research 1717

Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by product type, by application, by end user, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on the response from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by product type, by application, by end user, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading sensor patch players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the global sensor patch market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. © TechSci Research 1818

Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the Global Sensor Patch Market, TechSci Research used various forecast techniques such as: o Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Partial List of Companies iRhythm Technologies Inc., DexCom Inc., g.tec medical engineering GmbH, Medtronic PLC Interviewed Texas Instruments Inc., Abbott Laboratories Inc., Feeligreen SA, Gentag, Inc., G-Tech Medical, Inc., and Hivox Biotek Inc. among others Partial List of Secondary Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Sources Websites, TechSci Research Proprietary Database & Knowledge Repository, etc. Note: (a) Sum of some shares may not be 100% due to round off till two decimal places. (b) The market data for 2021 is actual only for 9 months (till Sep 2021), for rest 3 months (Oct 2021- Dec 2021), the data is estimated. © TechSci Research 1919

Industry Brief Growing demand for monitoring physiological parameters of patients to drive global sensor patch market until 2027 According to TechSci Research report, “Sensor Patch Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017- 2027”, Global sensor patch market was valued at over USD950 million in 2021 and is forecast to grow at a CAGR of 11.83% to reach USD1817.62 million by 2027. Sensor patches are attached to the human body for monitoring a range of vital signs and provide specific treatments when required. The outbreak of COVID-19and the increasing prevalence of chronic diseases are driving the growth of the sensor patch market. The increasing chronic illness among individuals has propelled the global sensor patch market as these sensors are used for monitoring patients’ vital parameters. For instance, with accelerating urbanization, people are adopting a more sedentary lifestyle. This is pushing obesity rates and cases of diseases such as diabetes upward. These illnesses require regular monitoring or regular check-up. Hence, sensor patches are used for the regular monitoring of chronic diseases. The sensor patches are portable and easy to use, and some of them even do not require medical supervision. This has helped people use or monitor their vitals themselves as it takes time and effort to visit medical facilities for regular check-ups. The portability of the patches helps individuals to carry their kit wherever they require, increasing the ease of use of the product. Global Sensor Patch market is segmented on the basis of product type, application, end user, and regional distribution. On the basis of product type, the market is segmented into temperature sensor patch, blood glucose sensor patch, blood pressure/flow sensor patch, heart rate sensor patch, blood oxygen sensor patch and others. The blood glucose sensor patch segment is expected to register the fastest growth in the global sensor patch market on account of the growing prevalence of diabetes worldwide. According to the International Diabetes Federation, as of 2019, around 463 million adults (20-79 years) were living with diabetes, and this number is expected to increase to 700 million by 2045. This, in turn, would increase the demand for blood glucose sensor patches, glucometers, etc. Leading players operating in Global Sensor Patch market include iRhythm Technologies Inc., DexCom Inc., g.tec medical engineering GmbH, Medtronic PLC,TexasInstrumentsInc., AbbottLaboratoriesInc., Feeligreen SA,Gentag,Inc., G-TechMedical, Inc., Hivox Biotek Inc. “The North America region is the largest in the global sensor patch market with a share of 36.02% in 2021, owing to the region's large and growing geriatric population, which is susceptible to different kinds of diseases, especially countries like the USA and Canada. Additionally, supportive governmentpolicies, R&D and healthcare schemes launched by them across the three countries in the region are expected to support market growth. Furthermore, increasing healthcare expenditure coupled with growing health awareness among the population across different countries in the region is further expected to drive the market growth in the region through 2027.” said Mr. Karan Chechi, Research Director with TechSciResearch,aresearchbasedglobalmanagementconsultingfirm. © TechSci Research 2020

Sample Data -Snapshot Global Sensor Patch Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 CAGR 2022E-2027F By Value: xx% By Value: xx% 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Million) North America Sensor Patch Market Share, By Product Type, By Value, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Blood Glucose Sensor Patch 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% Blood Pressure/Flow Sensor Patch 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Heart Rate Sensor Patch 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% Temperature Sensor Patch 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Blood Oxygen Sensor Patch 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% Others 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% United States Sensor Patch Market Share, By Application, By Value, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Monitoring 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Diagnostic & Imaging 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Others 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% © TechSci Research 2121

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