COVID-19 Impacts: Wearable Patch Market Will Accelerate at a CAGR of Over 22% Through 2020-2024 | The Growing Prevalence of Chronic Diseases to Boost Growth | Technavio
Technavio has been monitoring the wearable patch market and it is poised to grow by $ 5.96 bn during 2020-2024, progressing at a CAGR of over 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200807005171/en/
Technavio has announced its latest market research report titled Global Wearable Patch Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abbott Laboratories, Delta Electronics Inc., Gentag Inc., Insulet Corp., Kenzen Inc., MTG UK Co. Ltd., Nemaura Medical Inc., Prevent Biometrics, Proteus (News - Alert) Digital Health Inc., and UpRight Technologies Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growing prevalence of chronic diseases has been instrumental in driving the growth of the market. However, concerns regarding data privacy and security might hamper the market growth.
Wearable Patch Market 2020-2024 : Segmentation
Wearable Patch Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-tous?report=IRTNTR43181
Wearable Patch Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wearable patch market report covers the following areas:
This study identifies the increasing demand for cloud-based solutions as one of the prime reasons driving the wearable patch market growth during the next few years.
Wearable Patch Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the wearable patch market, including some of the vendors such as Abbott Laboratories, Delta Electronics Inc., Gentag Inc., Insulet Corp., Kenzen Inc., MTG UK Co. Ltd., Nemaura Medical Inc., Prevent Biometrics, Proteus Digital Health Inc., and UpRight Technologies Ltd. Backed with competitive intelligence and benchmarking, our research reports on the Wearable Patch Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Wearable Patch Market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Technology
Drivers, Challenges, and Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.