Sensor Patch Held the Largest Market in the Healthcare Industry during 2017-2023

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Sensor Patch Held the Largest Market in the
Healthcare Industry during 2017-2023 Sensor
Patch Market by Product (Temperature, Blood
Glucose, Blood Pressure/Flow, Heart Rate, ECG,
Blood Oxygen), Application (Monitoring,
Diagnostics), End-User Industry (Healthcare, and
Fitness and Sports), and Geography - Global
Forecast to 2023 https//www.marketsandmarkets.c
om/Market-Reports/sensor-patch-market-50239064.htm
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According to the new research report "Sensor
Patch Market by Product (Temperature, Blood
Glucose, Blood Pressure/Flow, Heart Rate, ECG,
Blood Oxygen), Application (Monitoring,
Diagnostics), End-User Industry (Healthcare, and
Fitness and Sports), and Geography - Global
Forecast to 2023", the sensor patch market is
expected to be worth USD 562.1 Million by 2023,
at a CAGR of 47.03 between 2017 and 2023.
The growth of this market is mainly driven by
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. Browse 64 Market Data Tables and 40
Figures spread through 142 Pages and in-depth TOC
on "Sensor Patch Market - Global Forecast to 2023"
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Market for blood glucose sensor patch held the
largest size in 2016 The large market of blood
glucose sensor patch is mainly attributed to the
increasing number of patients with diabetes
across the world. According to World Health
Organization, about 422 million people were
affected by diabetes in 2014 worldwide. Many
patients with diabetes have been advised to
monitor blood glucose on a regular basis.
Monitoring glucose level regularly is essential
to keep diabetes under control. The demand for
self-testing devices is driving the sensor patch
market. The painful pricking procedure used by
other glucose monitoring devices can be
considerably avoided by implementing sensor
patches. Ask PDF Brochure https//www.marketsand
markets.com/pdfdownloadNew.asp?id50239064 Market
for diagnostics application is expected to grow
at the highest rate during the forecast
period Diagnostics application of sensor patch is
now being accepted in the healthcare industry as
the current and historical data gathered by
sensor patches assist clinicians with precise
diagnostics. There is increasing scope for
diagnostics sensor patches in childcare as
infants cannot communicate about their health
status.
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The North America accounted for the largest share
of the hearable devices market in 2016 North
American consumers in general focus on value and
functionality. The demand for sensor patch is
increasing in North America as a result of the
demand for technologically advanced medical
devices and monitoring devices that can be used
in homes for the growing aging population. The
increase in RD in the field of wearables, in
terms of new and improved technologies, and the
rise in demand for improved lifestyle are the two
crucial factors driving the market in this
region. The increasing RD capabilities are
broadening the application areas of sensor patch
in different industries such as fitness and
sports and healthcare. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id50239064 Abbott Laboratories
(US), iRhythm Technologies (US), DexCom (US),
Medtronic (Ireland), and Texas Instruments (US)
are the major players included in the report with
ranking analysis. The report also covers various
start-ups and innovators involved in this market.
MC 10 (US), NanoSonic (US), Isansys Lifecare
(UK), Leaf Healthcare (US), and Kenzen (US) are a
few innovators in the market that offer
disruptive products. Also, X2 Biosystems (US),
Raiing Medical Company (China), Sensium
Healthcare (UK), Feeligreen (France), Nemaura
Medical  (UK), and G-Tech Medical (US) are a few
emerging companies in the market.
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