Table of Contents
The nascent market for connected wearable patches holds great promise, with the potential to improve the health of patients and contribute to lower healthcare costs. It is, however, still very much in the early stages of development and commercial availability. Connected wearable patches face a variety of challenges that must be overcome in the next several years in order for the market to thrive.
Due to rising healthcare costs, the growth in the number of people with chronic diseases, and aging populations, governments, insurance companies, and care providers are searching for more cost-efficient ways to monitor, diagnose, and treat patients. While not a complete solution, connected wearable patches could help improve outcomes and are likely to be part of a broader remote monitoring ecosystem in the future. Early evidence indicates that connected wearable patches can help identify issues with patients before they increase in severity, and may decrease the time patients spend in hospitals. In the long term, connected wearable patches and the information they collect hold the promise of being able to impact populations and treatment in general. Tractica forecasts that unit shipments of connected wearable patches will reach 12.3 million annually by 2020.
This Tractica report examines the market trends, drivers and barriers, applications and use cases, technology issues, and key industry players for connected wearable patches within the clinical and non-clinical environments. It presents forecasts for unit shipments, revenues, ASPs, and segments/use cases during the period from 2014 through 2020. The report focuses on three main use cases for connected wearable patches: medical monitoring, detection, and diagnosis; medication management and treatment; and health, wellness, and prevention.
Get Industry Insights. Simply.
Talk to Ahmad
+1 718 618 4302
The global healthcare IT market is expected to grow at a CAGR of 15.9% from 2016 to 2021 and reach USD 280.25 billion. Growing need to manage regulatory compliance through healthcare IT solutions, government ...
The ultrasound market is expected to reach USD 6.86 billion by 2021 at a CAGR of 5.2% during 2016-2021. North America and Europe held the largest share of the market in 2016; however, the Asia-Pacific ...
EU5 Computed Tomography (CT) Systems Market Outlook to 2022 Summary GlobalData’s new report, "EU5 Computed Tomography (CT) Systems Market Outlook to 2022", provides key market data on the EU5 Computed ...