Global Sensor Patch Market Forecast 2027

1. 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 (SAAS) MARKET – FORECAST AND OPPORTUNITIES GLOBAL SENSOR PATCH MARKET – FORECAST AND OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING

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13. Product Overview

14. 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 END USER PRODUCT TYPE • Hospitals & Clinics • Home Care • Laboratory Diagnostics • Fitness and Sports Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 • Temperature Sensor Patch • Blood Glucose Sensor Patch • Blood Pressure/Flow Sensor Patch • Heart Rate Sensor Patch • Blood Oxygen Sensor Patch • Others Year Range GLOBAL SENSOR PATCH MARKET REGION APPLICATION • Europe • North America • Asia-Pacific • South America • Middle East & Africa • Diagnostic & Imaging • Monitoring • Others 14

15. Research Methodology

16. Research Methodology Data Analysis Market Profiling Developing List of Respondents Formulating Questionnaire Data Collection Data Validation In-depth secondary research was conducted to determine overall market size, segmental market size and top players in the Global Sensor PatchMarket. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Global Sensor Patch Market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Data Collection Desk Research Company Analysis Primary Research • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Factiva • Hoovers 16

17. 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. 17

18. 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. 18

19. 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: Moving Average Time Series Analysis Regression Analysis 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. 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. 19

20. 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-19 and 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, Texas Instruments Inc., Abbott Laboratories Inc., Feeligreen SA, Gentag, Inc., G-Tech Medical, Inc., HivoxBiotek 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 government policies, 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 TechSci Research, a research based global management consulting firm. 20

21. Sample Data - Snapshot Global Sensor Patch Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 By Value: xx% CAGR 2022E-2027F By Value: xx% North America Sensor Patch Market Share, By Product Type, By Value, 2017-2027F United States Sensor Patch Market Share, By Application, By Value, 2017-2027F 21

22. Report Ordering Report Name: GLOBAL SENSOR PATCH MARKET – FORECAST AND OPPORTUNITIES 2017 – 2027 To View Sample OR Purchase Report 22

23. Table of Contents About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global Wearable Medical Devices Market, By Product Type (Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing), By Type (Diagnostic Devices v/s Therapeutic Devices), By Purpose (Heart rate, Physical Activities, Blood oxygen saturation, Blood Pressure, Hearing Aids, Body Temperature, Posture, Others), By Site (Strap/Clip/Bracelet, Handheld, Headband, Shoe Sensors, Others), By Application (General Health & Fitness, Remote Patient Monitoring, Home Healthcare), By Distribution Channel (Non-Store-Based v/s Store-Based), By Business Segment (B2C Vs B2B), By Region, Competition Forecast & Opportunities, 2027. • Global Humidity Sensors Market, By Product (Relative {Capacitive & Resistive} and Absolute {Solid Moisture Sensors & Mirror-Based Dew/frost}), By Type (Digital & Analog), By Application (Automotive, Industrial, Healthcare, Residential, Agriculture and Others), By Region, Competition Forecast & Opportunities, 2027. • Global Pulse Oximeter Market, By Product Type (Fingertip, Handheld and Others), By Sensor Type (Reusable v/s Disposable), By Patient Type (Adult, Pediatric, Neonatal), By End User (Hospitals & Clinics, Homecare, Others), By Region, Competition Forecast & Opportunities, 2027. TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.