Market Overview:
The global wearable wireless patch device market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wearable devices across different applications, such as education, retail, and others. Additionally, the growing awareness about fitness and health is also propelling the growth of this market.
Product Definition:
A wearable wireless patch device is a small, battery-operated patch that attaches to the skin and sends data wirelessly to another device, such as a smartphone or computer. The wearable wireless patch device can be used to track various health metrics such as heart rate, blood pressure, and oxygen levels. It can also be used to track physical activity and sleep patterns. The importance of wearable wireless patch devices is that they provide a convenient way for people to monitor their health without having to go through the hassle of visiting a doctor or using a traditional medical device.
Hardware:
Hardware is the part of a system that can be directly observed, felt or tested. It's primary function is to create and capture human-machine interface.
Software:
Software is the set of instructions which controls and monitors the functioning of a device. In wearable wireless patch device, software is used to monitor vital signs such as temperature, blood oxygen level etc.
2) What are the different types of Software used in Wearable Wireless Patch Device Market? There are two types of software used in wearable wireless patch devices namely; On-Device Software (ODS) and cloud-based software.
Application Insights:
The others segment includes healthcare, sports and fitness, automotive, and security applications. The wearable patch device market is expected to witness significant growth in the security application owing to the increasing use of these devices for monitoring patients¢â‚¬â„¢ vital signs remotely. Furthermore, growing concerns regarding patient safety are anticipated to drive demand over the forecast period.
The education segment held a leading share in 2017 owing to rising usage of these devices for remote monitoring by school authorities or teachers for improving classroom management and enhancing educational experience. Moreover, schools are adopting innovative technologies such as VR & AR that provide more realistic experiences which is further driving adoption across educational institutions globally. This trend is expected to continue over the forecast period with growing investments by technology companies such as Google in providing high-quality wearables at an affordable price range thereby fueling market growth during the study period.
Regional Analysis:
North America dominated the global wearable wireless patch device market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing cases of chronic disorders, high disposable income, and rising adoption of new technologies in healthcare sector. Moreover, presence of key players such as Covid-19 (Alcatel-Lucent), Google LLC; Apple Inc.; and Microsoft Corporation is also contributing towards growth in North America region.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period owing to factors such as improving healthcare infrastructure & facilities along with growing awareness about various treatment options available for various diseases among people living in this region which ultimately leads them opt for wearable medical devices like wireless patch devices that help doctors monitor patient’s vital signs at any given time & anywhere easily & efficiently thus boosting demand for these devices among hospitals.
Growth Factors:
- Increasing demand for wearable wireless patch devices from the healthcare sector as they help in continuous monitoring of patients' health conditions.
- Growing popularity of fitness and sports activities, which is driving the demand for wearable wireless patch devices that track physical activity and performance.
- Proliferation of smart devices and increasing adoption of IoT technology, which is aiding the growth of the wearable wireless patch device market.
- Rising awareness about the benefits offered by wearable wireless patch devices among consumers, especially in developed countries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Wireless Patch Device Market Research Report
By Type
Hardware, Software, Services
By Application
Education, Retail, Others
By Companies
Blue Spark Technologies, Directa Plus, Dexcom, Seiko Epson, Flex, Koru Lab, Primo1D, Directa Plus
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Wireless Patch Device Market Report Segments:
The global Wearable Wireless Patch Device market is segmented on the basis of:
Types
Hardware, Software, Services
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
Education, Retail, Others
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:
- Blue Spark Technologies
- Directa Plus
- Dexcom
- Seiko Epson
- Flex
- Koru Lab
- Primo1D
- Directa Plus
Highlights of The Wearable Wireless Patch Device 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:
- Hardware
- Software
- Services
- By Application:
- Education
- Retail
- Others
- 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 Wearable Wireless Patch Device 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A wearable wireless patch device is a small, inconspicuous device that can be worn on the skin to wirelessly transmit data between devices. Wearable wireless patch devices are often used in medical settings to send real-time health information between patients and caregivers.
Some of the key players operating in the wearable wireless patch device market are Blue Spark Technologies, Directa Plus, Dexcom, Seiko Epson, Flex, Koru Lab, Primo1D, Directa Plus.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Wireless Patch Device 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 Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Market Size & Forecast, 2018-2028
4.5.1 Wearable Wireless Patch Device Market Size and Y-o-Y Growth
4.5.2 Wearable Wireless Patch Device Market Absolute $ Opportunity
Chapter 5 Global Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Market Size Forecast by Applications
6.2.1 Education
6.2.2 Retail
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Wireless Patch Device 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 Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Analysis and Forecast
9.1 Introduction
9.2 North America Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
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 Wearable Wireless Patch Device Market Size Forecast by Applications
9.10.1 Education
9.10.2 Retail
9.10.3 Others
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 Wearable Wireless Patch Device Analysis and Forecast
10.1 Introduction
10.2 Europe Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
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 Wearable Wireless Patch Device Market Size Forecast by Applications
10.10.1 Education
10.10.2 Retail
10.10.3 Others
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 Wearable Wireless Patch Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
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 Wearable Wireless Patch Device Market Size Forecast by Applications
11.10.1 Education
11.10.2 Retail
11.10.3 Others
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 Wearable Wireless Patch Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Wearable Wireless Patch Device 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 Wearable Wireless Patch Device Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
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 Wearable Wireless Patch Device Market Size Forecast by Applications
12.10.1 Education
12.10.2 Retail
12.10.3 Others
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) Wearable Wireless Patch Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wearable Wireless Patch Device 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) Wearable Wireless Patch Device Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
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) Wearable Wireless Patch Device Market Size Forecast by Applications
13.10.1 Education
13.10.2 Retail
13.10.3 Others
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 Wearable Wireless Patch Device Market: Competitive Dashboard
14.2 Global Wearable Wireless Patch Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blue Spark Technologies
14.3.2 Directa Plus
14.3.3 Dexcom
14.3.4 Seiko Epson
14.3.5 Flex
14.3.6 Koru Lab
14.3.7 Primo1D
14.3.8 Directa Plus
