A transparent research method has been accomplished with the right tools and techniques to make this Wearable Skin Patch Market research report world-class. Two of the most widely used techniques namely SWOT analysis and Porter’s Five Forces Analysis have been used while generating this report. Competitive analysis conducted in this report puts light on the moves of the key players in the Healthcare industry such as new product launches, expansions, agreements, joint ventures, partnerships & recent acquisitions. Wearable Skin Patch Market research report adoption plays an essential role for the business growth as it supports with the better decision making, enhancing revenue generation, prioritizing market goals and results in profitable business.
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Market Analysis: Global wearable skin patch market is registering a healthy CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to the rise in number of lifestyle diseases and awareness of healthy lifestyle and rising number of elderly population.
Key Market Competitors: Few of the major market competitors currently working in the global wearable skin patch market are CeQur SA, Chrono Therapeutics Inc., Dexcom, Inc., Nemaura, Abbott, Medtronic, GENTAG, Inc., Insulet Corporation, Kenzen, Inc., G-TECH Services, Inc., HIVOX BIOTEK INC., iRhythm Technologies, Inc., Raiing Medical Company, Isansys Ltd., Sensium Healthcare Ltd, Leaf Healthcare, Inc., Rare Beauty Brands, Qualcomm Technologies, Inc., Indiegogo, Inc., Feeligreen, VitalConnect, UPRIGHT, among others.
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- Shifting Industry dynamics
- In-depth Wearable Skin Patch Market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies for key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
Market Definition: Global Wearable Skin Patch Market
Wearable skin patches are patches that have been attached to the skin for a certain period of time and are used in therapy and medication. They are used both in the delivery of drugs, patient monitoring and in athletics. Skin patches are unique as they stick to one location without any motion interference and assist to record accurate information. These patches are connected with most mobile operating systems and can also be readily connected via Bluetooth, making them an alternative to other health surveillance devices such as fitness bands and watches.
Segmentation: Global Wearable Skin Patch Market
Wearable Skin Patch Market : By Technology
- Regular Wearable
- Connected Wearable
Wearable Skin Patch Market : By Application
- Clinical applications
- Non-Clinical Applications
Wearable Skin Patch Market : By Geography
- North America
- South America
- Middle East and Africa
Key Developments in the Market: Wearable Skin Patch Market
- In January 2019, L’Oréal had launched its prototype of My Skin Track pH which measures the ph level of the skin which helps to determine the ph level of skin whether it is balanced or not. It uses the microfluidic technology by using quantity of sweat from skin pores through a network of micro-channels which provides a precise pH reading in 15 minutes. This launch had expand the product portfolio of the company and positioned it as a market leader
- In October 2018, VivaLNK has partnered with Reckitt Benckiser for distribution and supply of wearable continuous temperature monitor worldwide. The Nurofen FeverSmart and Enfasmart FeverSense are manufactured for parents who wish to track temperature changes in their child for immediate action after detection of a fever. The launch will product market and expand their customer base globally
Wearable Skin Patch Market Drivers
- Affordable price of the product drives the market growth
- Surging preference for wearable patches in the cosmetic industry is flourishing the market growth
- increasing preference for healthy lifestyle is driving the growth of the market
- Easy connectivity with smartphones and computing devices are helping to grow this market
Wearable Skin Patch Market Restraints
- trust issues of patients regarding wearable patches hinders the market growth
- Integration of sensors in computing devices and various accessories hampers the market growth
Features mentioned in the report
- Changing market dynamics of the industry
- To get a comprehensive overview of the Wearable Skin Patch Market.
- Historical, current and projected market size in terms of volume and value
- In-depth market segmentation
- Competitive landscape of Wearable Skin Patch Market
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