DUBLIN--(BUSINESS WIRE)--Aug 9, 2018--The "Sensor Patch Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

The sensor patch market is projected to grow at a CAGR of 43.40% to reach US$534.692 million by 2023, from US$61.487 million in 2017.

The sensor patches are wearable digital health devices which are used majorly for healthcare applications such as geriatric care, long-term medical care and childcare. These devices are used to determine and measure moisture conditions in medical care areas.

Apart from medical applications, the sensor patch devices can also be used in fitness and sports applications. Some of the factors which drive the growth of global sensor patch market include rising healthcare expenditure, growing preference for wearables by consumers in health monitoring application.

Furthermore, the technological advancements in sensor networks can also contribute towards the expansion of sensor patch market. However, various health insurance portability and accountability compliances can inhibit the growth of the market.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market.

Major industry players profiled as part of the report are Texas Instruments Incorporated, Proteus Digital Health, Inc., and Smartrac NV among others.

Segmentation:

By Type

Heart Rate Sensor Patch Blood Pressure Sensor Patch Blood Glucose Sensor Patch ECG Sensor Patch Others

By Application

Diagnostic Monitoring

By End-User Industry

Sports Healthcare

Companies Mentioned

SMARTRAC NV Proteus Digital Health, Inc. GENTAG, Inc. NanoSonic, Inc. iRhythm Technologies, Inc. VitalConnect Kenzen, Inc. Texas Instruments Incorporated

For more information about this report visit https://www.researchandmarkets.com/research/k4q4xs/500_million?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180809005677/en/

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Related Topics:Sensors,Patient Monitoring Equipment

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/09/2018 02:16 PM/DISC: 08/09/2018 02:16 PM

http://www.businesswire.com/news/home/20180809005677/en