FREMONT, California, Jan. 21, 2020 /PRNewswire/ -- According to a new market intelligence report by BIS Research titled "Global Electronic Skin Patches Market ? Analysis and Forecast, 2019-2024", the global electronic skin patches market was valued at $3.90 billion in 2018 and is anticipated to grow over $9.96 billion by 2024. The market is projected to witness a CAGR of 17.22% during the forecast period of 2019-2024. The growth of the market is aided primarily by factors such as the increasing inclination toward personal health and fitness amongst the population and rising prevalence of chronic and lifestyle associated diseases.
Browse 23 Market Data Tables and 192 Figures spread through 239 Pages and in-depth TOC on "Global Electronic Skin Patches Market"
Wearable devices provide appropriate, comprehensive, and timely care to patients by remotely monitoring the physiological parameters of the patient. Latest developments in device design, material science, assembly method, and chemical analysis techniques form the basis for an exclusively distinguished form of wearable technology. The patch is a wearable device that adheres to the skin. It is a stick-on patch that is worn on the body and is capable to collect, monitor, and transmit wirelessly various health metrics such as respiration, temperature, blood glucose, blood pressure, and heartbeat to a smartphone.
According to Swati Sood, Lead Analyst at BIS Research, "North America is currently the leading contributor to the global electronic skin patches market and contributed approximately 43.54% to the global market value in 2018. This region is anticipated to grow at a significant CAGR during the forecast period 2019-2024 and to continue to dominate the global market in 2024, as well. However, the Asia-Pacific region is expected to grow at an impressive CAGR during the forecast period 2019-2024. The Europe region also contributed a significant share of 26.79% to the global market."
BIS Research Report - https://bisresearch.com/industry-report/electronic-skin-patches-market.html
Research Highlights:
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This market intelligence report provides a multi-dimensional view of the global electronic skin patches market in terms of market size and growth potential. This research report aims at answering various aspects of the global electronic skin patches market with the help of key factors driving the market, restraints that can possibly inhibit the overall growth of the market, and the current growth opportunities that are going to shape the future trajectory of the market expansion.
Furthermore, the competitive landscape chapter in the report explains the competitive nature of the global market and enables the reader to get acquainted with the recent market activities, such as product launches and approvals, partnerships, collaborations, business expansions, as well as mergers and acquisitions. The research report provides a comprehensive analysis of the type, applications, competitors, trend analysis by application, and analysis by geographical regions.
This report is a meticulous compilation of research on more than 70 players in the market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 30 leading companies, market participants, and vendors. The report also comprises 15 detailed company profiles including several key players, namely Abbott Laboratories, BioTelemetry, Inc., DexCom, Inc., General Electric Company, Insulet Corporation, iRhythm Technologies, Inc., Koninklijke Philips N.V., LifeSignals, Medtronic, Plc., MC10, Inc., Omron Corporation, Senseonics Holding, Inc., VivaLNK, and VitalConnect.
Key Questions Answered in the Report
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With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
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