Market Overview:
The global monitoring patches market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wearable devices and rising awareness about health and fitness. The wrist/hand wear segment is expected to dominate the global monitoring patches market during the forecast period, owing to its growing popularity among consumers. In terms of application, the health monitoring segment is expected to lead the global monitoring patches market during the forecast period, as it offers a wide range of benefits such as improved patient care and reduced healthcare costs.
Product Definition:
A patch is a software update that fixes or improves an existing computer program. Patches are typically released to address security vulnerabilities, correct errors, or add features to the software.
The importance of monitoring patches depends on the organization's specific needs and security posture. For organizations with high-risk assets that could be compromised by unpatched vulnerabilities, it is essential to deploy patches as soon as possible. For other organizations, deploying patches may not be as critical but should still be considered depending on the specific application and environment.
Wrist/Hand Wear:
Hand wearables are devices that are directly attached to the body and can be used for health monitoring. They may include a patch, band, or wearable device. The wrist/hand wearables market is expected to witness significant growth over the forecast period owing to technological advancements in medical patches and increasing demand for home healthcare services.
Body Wear:
Body wear and it's usage in monitoring patches are used for measuring the body temperature of patients. Monitoring patches are small devices that can be attached to the skin using adhesive material. These patches contain a thermometer which allows real time measurement of body temperature, along with an antenna which enables communication with external devices such as smartphones or tablets through wireless technology.
Advantages associated with monitoring patch include; they provide accurate information regarding core body temperature, heart rate.
Application Insights:
The application segment of the global monitoring patches market is categorized into five segments namely health monitoring, drug delivery, diagnosis, and others. The health monitoring segment dominated the overall market in terms of revenue share in 2017. This can be attributed to an increase in demand for real-time tracking devices that provide continuous data on a patient¢â‚¬â„¢s vitals.
Diagnosis segment is expected to grow at a lucrative rate over the forecast period owing to growing adoption of advanced technology such as IoT and AI for remote patientmonitoring across various applications such as home healthcare management. Furthermore, technological advancements coupled with new product launches are further expected to drive growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable government initiatives and increasing R&D investments by pharmaceutical companies. For instance, in May 2018, Google Inc. announced a collaboration with the University of California to develop new technologies for monitoring patients’ health. The company is working on developing smart contact lenses that can measure glucose levels in tears using its advanced technology and provide real-time data via smartphone app.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising disposable income coupled with growing healthcare spending by governments as well as private players for improving patient care facilities worldwide.
Growth Factors:
- Increasing demand for proactive and real-time patch management from enterprises to mitigate security risks
- Proliferation of Bring Your Own Device (BYOD) and Internet of Things (IoT) trends, which is leading to an increase in the number of devices that need to be patched
- The increasing number of cyber-attacks, which is motivating organizations to invest in patch management solutions for better protection
- The growing popularity of cloud-based patch management solutions as they offer more flexibility and scalability than on-premises solutions
- The increasing awareness among organizations about the benefits of patch management, which is helping to drive the growth of the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Monitoring Patches Market Research Report
By Type
Wrist/Hand Wear, Body Wear
By Application
Health Monitoring, Drug Delivery, Diagnosis
By Companies
BioIntelliSence, iRhythm Technologies, BioTelemetry, Feeligreen, G-Tech, GENTAG, The IONTO Team, Insulet Corporation, Tracxn Technologies, VivaLNK
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Monitoring Patches Market Report Segments:
The global Monitoring Patches market is segmented on the basis of:
Types
Wrist/Hand Wear, Body Wear
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Health Monitoring, Drug Delivery, Diagnosis
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BioIntelliSence
- iRhythm Technologies
- BioTelemetry
- Feeligreen
- G-Tech
- GENTAG
- The IONTO Team
- Insulet Corporation
- Tracxn Technologies
- VivaLNK
Highlights of The Monitoring Patches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wrist/Hand Wear
- Body Wear
- By Application:
- Health Monitoring
- Drug Delivery
- Diagnosis
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Monitoring Patches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Monitoring patches are software updates that help to protect your computer from security vulnerabilities. Microsoft releases new versions of its operating systems and applications, as well as security updates, on a regular basis. When you install these updates, they may include new monitoring patches.
Some of the major companies in the monitoring patches market are BioIntelliSence, iRhythm Technologies, BioTelemetry, Feeligreen, G-Tech, GENTAG, The IONTO Team, Insulet Corporation, Tracxn Technologies, VivaLNK.
The monitoring patches market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Monitoring Patches Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Monitoring Patches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monitoring Patches Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Monitoring Patches Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Monitoring Patches Market Size & Forecast, 2020-2028
4.5.1 Monitoring Patches Market Size and Y-o-Y Growth
4.5.2 Monitoring Patches Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wrist/Hand Wear
5.2.2 Body Wear
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Health Monitoring
6.2.2 Drug Delivery
6.2.3 Diagnosis
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monitoring Patches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Monitoring Patches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wrist/Hand Wear
9.6.2 Body Wear
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Health Monitoring
9.10.2 Drug Delivery
9.10.3 Diagnosis
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wrist/Hand Wear
10.6.2 Body Wear
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Health Monitoring
10.10.2 Drug Delivery
10.10.3 Diagnosis
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wrist/Hand Wear
11.6.2 Body Wear
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Health Monitoring
11.10.2 Drug Delivery
11.10.3 Diagnosis
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wrist/Hand Wear
12.6.2 Body Wear
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Health Monitoring
12.10.2 Drug Delivery
12.10.3 Diagnosis
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wrist/Hand Wear
13.6.2 Body Wear
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Health Monitoring
13.10.2 Drug Delivery
13.10.3 Diagnosis
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Monitoring Patches Market: Competitive Dashboard
14.2 Global Monitoring Patches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BioIntelliSence
14.3.2 iRhythm Technologies
14.3.3 BioTelemetry
14.3.4 Feeligreen
14.3.5 G-Tech
14.3.6 GENTAG
14.3.7 The IONTO Team
14.3.8 Insulet Corporation
14.3.9 Tracxn Technologies
14.3.10 VivaLNK
