According to the recent study the wearable patch market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by growing prevalence of chronic disorders, increasing awareness among consumers for wearable devices, and rising technological advancements in wearable patches.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in wearable patch market by winglet product type (connected and regular), application (clinical and non-clinical), end use industry (hospitals & clinics, ambulatory centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Connected market is expected to remain the largest segment during the forecast period.”

Based on product type, the wearable patch market is segmented into connected and regular. Lucintel forecasts that the connected market is expected to remain the largest segment due to the increasing prevalence of chronic diseases, rising demand for the wearable patch in developing countries, rapidly increasing aging population, and increasing prevalence of cardiovascular diseases.

“Within the wearable patch market, the clinical segment is expected to remain the largest application”

Based on application the clinical segment is expected to witness the highest growth over the forecast period due to the rapidly increasing patient population, increasing investments in the R&D of the wearable patch, and growing investment in the clinical research industry by various players in the market to boost their efficiency and productivity.

“North America will dominate the wearable patch market in near future”

North America will remain the largest region due to the rapid increase in the development of the wearable device to meet the growing demand for efficient healthcare in the region, strong R&D and promotion of new therapies, and the region being the top manufacturing hub for highly reliable, complex, and high-end wearable medical devices.

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Major players of wearable patch market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Abbott Laboratories, iRhythm Technologies, Johnson & Johnson Services, Koninklijke Philips N.V., L’Oreal, LifeSignals, Medtronic, Qualcomm Technologies, VitalConnect, and VivaLNK are among the major wearable patch providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wearable-patch-market.aspx or [email protected]