Wearable Patch Market, by Technology (Connected, Regular) by Application (Monitoring, Drug Delivery Diagnostics) by End User (Healthcare, Fitness & Sports), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : May 2023

Code : CMI2891

Pages :180

Formats :

Excel and PDF

Industry : Medical Devices

Wearable Patch MarketSize and Trends

The global wearable patch market is estimated to be valued at US$ 718.8 million in 2023 and is expected to exhibit a CAGR of 23.0% during the forecast period (2023-2030).

Figure 1. Global Wearable Patch Market Share (%), by Technology, 2023

Market Trends

Increasing collaboration with the key market players is expected to drive the global wearable patch market over the forecast period. For instance, in August 2022, Denka Company Limited, a chemical company located in Japan, announced that it has signed a partnership agreement with Epicore Biosystems, Inc., a biotechnology company in the U.S. (headquarters: Cambridge, MA, the U.S.) Through the collaboration with Epicore, Denka will advance the development of wearable sweat patch sensors for the Japanese and Asian markets in cooperation with Epicore to shift marketing into high gear.