1. Market Research
  2. > Manufacturing
  3. > Electronics Manufacturing Market Trends

Sensor Patch Market by Product, Application, End-User Industry And Geography - Global Forecast to 2023

  • August 2017
  • 145 pages
  • MarketsandMarkets
Report ID: 5068469


Table of Contents

Search Inside

“Sensor patch market is projected to grow at a CAGR of 47.03% between 2017 and 2023”
The sensor patch market has entered the growth phase and is expected to grow further in the coming years. The market is expected to be worth USD 562.1 million by 2023, at a CAGR of 47.03% between 2017 and 2023. The drivers for this market are increasing per capita healthcare expenditure and disposable incomes in OECD countries, consumer preference for wearable in health monitoring application, and comfortability offered by sensor patch. The main restraint for this market is Health Insurance Portability and Accountability Act (HIPAA) compliances.

“Market for ECG sensor patch expected to grow at the highest CAGR during the forecast period”
The ECG sensor patch market is expected to grow at the highest CAGR during the forecast period. One of the major reasons why ECG sensor patch would drive the market is the rising consumer awareness for wearable devices primarily for fitness applications. Flexible, lightweight, and connected sensor patches offer convenience to sports players and athletes. Sports players and athletes can manage to intensify their performance. Individuals can reach their personal fitness goals by tracking heart rate to maintain the right intensity of work out by using sensor patch. Moreover, the healthcare industry is expected to drive the use of ECG sensor patch owing to its wireless connectivity that would drive the convenience to patients during sleep, personal hygiene, or medical care.

“Sensor patch market for monitoring application accounted for the largest share in 2016”
The sensor patches are widely adopted for monitoring purposes in the healthcare, and fitness and sports industry. Healthcare is gaining traction with the use of sensor patch for communication between doctors and medical staff, hospital or medical institution, and the wearer of sensor patch to track and monitor the health of the patients. Also, the value added by sensor patch in sports to help athletes train, perform, and recover from injuries is driving the monitoring application. Moreover, the increasing average life expectancy of the population worldwide, coupled with the aggravated prevalence of heart-related diseases and diabetes, is driving the market for the monitoring application.

“APAC is expected to be the fastest-growing market for sensor patch during the forecast period”
Being the most populated region in the world, the market in APAC is mainly driven by increasing per capita healthcare expenditure and disposable incomes. Furthermore, factors such as urbanization, individuals’ acceptance of innovative technologies, and popularity of wearables and in-home healthcare services are responsible for the growth of the sensor patch market in this region.

Breakdown of profile of primary participants:
• By Company: Tier 1 = 25 %, Tier 2 = 55%, and Tier 3 = 20%
• By Designation: C-level Executives = 30%, Directors = 30%, and Others = 40%
• By Region: North America = 45%, Europe = 17%, APAC = 30%, and RoW = 8%

The major players profiled in this report include:
• Abbott Laboratories (US)
• iRhythm Technologies (US)
• DexCom (US)
• Medtronic (Ireland)
• Texas Instruments (US)
• Proteus Digital Health (US)
• Gentag (US)
• Kenzen (US)
• VitalConnect (US)
• SMARTRAC (Netherlands)

Research Coverage
The study segments in the sensor patch market report are products—includes temperature sensor patch, blood glucose sensor patch, blood pressure/flow sensor patch, heart rate sensor patch, ECG sensor patch, blood oxygen sensor patch, and others—and applications—covering monitoring, diagnostics. The study also covers end-user industries, and geographic forecast of the market size for various segments with regard to four main regions—North America, Europe, APAC, and RoW.

Reasons to buy the report
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the sensor patch market comprehensively and provides the closest approximations of the overall market size and those of the subsegments across different applications and regions.
2. The report gives the detailed analysis of the sensor patch market with the help of business model analysis, competitive leadership mapping, and value chain analysis including key companies in the market and their relations in the ecosystem.
3. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
4. This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions in the sensor patch market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Nano Positioning Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • June 2017
  • by Transparency Market Research

Global Nano Positioning Systems Market: Overview Nanopositioning and the nano measuring machines are being used for the purpose of three-dimensional coordination measurement in a range of (25 mm x 25 mm ...

Body Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

  • $ 5795
  • Industry report
  • September 2017
  • by Transparency Market Research

Global Body Sensor Market: Overview This report on the global body sensor market studies the current as well as future prospects of this developing market. The stakeholders of this report include companies ...

Transparent Ceramics Market by Type, Material, End-User Industry, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“The global transparent ceramics market is projected to grow at a CAGR of 21.3% from 2017 to 2022” The transparent ceramics market was valued at USD 219.2 million in 2016 and is projected to reach ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.