Global sensor patch market was valued at USD950.76 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 11.83% .

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Published: October 2020
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2015 – 2025
Published: December 2020
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Published: February 2021
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MARKET INTELLIGENCE . CONSULTING
Published: April 2021
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
GLOBAL SOFTWARE AS A SERVICE
(SAAS) MARKET – FORECAST AND
OPPORTUNITIES
2017 – 2027
Published: December 2021
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
GLOBAL SENSOR PATCH MARKET –
FORECAST AND OPPORTUNITIES
2017 – 2027

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© TechSci Research
Table of Contents
S. No. Contents
1. Sensor Patch: Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Sensor Patch Market
5. Voice of Customer
5.1. Brand Awareness
5.2. Factors Affecting Purchase Decision
5.3. Customer Satisfaction
5.4. Preference for Sensor Patch, By Type
6. Global Sensor Patch Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (Temperature Sensor Patch, Blood Glucose Sensor Patch, Blood
Pressure/Flow Sensor Patch, Heart Rate Sensor Patch, Blood Oxygen Sensor Patch and
Others)
6.2.2. By Application (Diagnostic & Imaging, Monitoring, Others)
6.2.3. By End User (Hospitals & Clinics, Home Care, Laboratory Diagnostic, Fitness and Sports)
6.2.4. By Region
6.2.5. By Company (2021)
6.3. Market Map (By Product Type, By Application, By End User and By Region)
7. North America Sensor Patch Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
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7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Application
7.2.3. By End User
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Sensor Patch Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Application
7.3.1.2.3. By End User
7.3.2. Canada Sensor Patch Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Application
7.3.2.2.3. By End User
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7.3.3. Mexico Sensor Patch Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Application
7.3.3.2.3. By End User
8. Europe Sensor Patch Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Application
8.2.3. By End User
8.2.4. By Country
8.3. Europe: Country Analysis
8.3.1. Germany Sensor Patch Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Application
8.3.1.2.3. By End User
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8.3.2. France Sensor Patch Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Application
8.3.2.2.3. By End User
8.3.3. United Kingdom Sensor Patch Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Application
8.3.3.2.3. By End User
8.3.4. Italy Sensor Patch Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product Type
8.3.4.2.2. By Application
8.3.4.2.3. By End User

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8.3.5. Spain Sensor Patch Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Product Type
8.3.5.2.2. By Application
8.3.5.2.3. By End User
9. Asia-Pacific Sensor Patch Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Application
9.2.3. By End User
9.2.5. By Country
9.3. Asia-Pacific: Country Analysis
9.3.1. China Sensor Patch Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
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9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Application
9.3.1.2.3. By End User
9.3.2. Japan Sensor Patch Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Application
9.3.2.2.3. By End User
9.3.3. India Sensor Patch Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Application
9.3.3.2.3. By End User
9.3.4. South Korea Sensor Patch Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
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9.3.4.2.1. By Product Type
9.3.4.2.2. By Application
9.3.4.2.3. By End User
9.3.5. Australia Sensor Patch Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Product Type
9.3.5.2.2. By Application
9.3.5.2.3. By End User
10. South America Sensor Patch Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Application
10.2.3. By End User
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Sensor Patch Market Outlook
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10.3.1.1. Market Share & Forecast
10.3.1.1.1. By Type
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product Type
10.3.1.2.2. By Application
10.3.1.2.3. By End User
10.3.2. Argentina Sensor Patch Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product Type
10.3.2.2.2. By Application
10.3.2.2.3. By End User
10.3.3. Colombia Sensor Patch Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product Type
10.3.3.2.2. By Application
10.3.3.2.3. By End User
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11. Middle East and Africa Sensor Patch Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. By Application
11.2.3. By End User
11.2.5. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia Sensor Patch Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Product Type
11.3.1.2.2. By Application
11.3.1.2.3. By End User
11.3.2. UAE Sensor Patch Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast

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11.3.2.2.1. By Product Type
11.3.2.2.2. By Application
11.3.2.2.3. By End User
11.3.3. South Africa Sensor Patch Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Product Type
11.3.3.2.2. By Application
11.3.3.2.3. By End User
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Company Profiles
14.1. iRhythm Technologies Inc.
14.2. DexCom Inc.
14.3. g.tec Medical Engineering GmbH
14.4. Medtronic Plc
14.5. Texas Instruments Inc.
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14.6. Abbott Laboratories Inc.
14.7. Feeligreen SA
14.8. Gentag, Inc.
14.9. G-Tech Medical, Inc.
14.10. Hivox Biotek Inc.
15. Strategic Recommendations
16. About Us & Disclaimer
12

13. Product Overview

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Product Overview
Scope of Report: Sensor Patch
Review Period
2017 – 2020
Base Year
2021
Estimated Year
2022
Forecast Period
2023 – 2027
Year Range
GLOBAL SENSOR PATCH
MARKET
PRODUCT TYPE
• Temperature Sensor Patch
• Blood Glucose Sensor Patch
• Blood Pressure/Flow Sensor
Patch
• Heart Rate Sensor Patch
• Blood Oxygen Sensor Patch
• Others
REGION
• Europe
• North America
• Asia-Pacific
• South America
• Middle East & Africa
A sensor patch is a wearable patch that monitors and diagnoses physiological parameters that
can be tracked and analyzed remotely. Sensor patches are attached to the human body to
monitor a range of vital signs and provide specific treatments when required. A sensor patch is
applied to a patient's skin with an adhesive and features a foam part and embedded electronics
to monitor the patient's physiological signs, such as pulse.
Market Segmentation
END USER
• Hospitals & Clinics
• Home Care
• Laboratory Diagnostics
• Fitness and Sports
14
APPLICATION
• Diagnostic & Imaging
• Monitoring
• Others

15. Research Methodology

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Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was
conducted to determine
overall market size,
segmental market size
and top players in the
Global Sensor Patch
Market.
In order to conduct
industry experts’
interviews, TechSci
formulated a
detailed discussion
guide.
List of industry
players and
industry
specialists was
developed.
TechSci conducted
interviews with
industry experts
and industry
players for data
collection and
verification.
Data obtained as
a result of
primary and
secondary
research was
validated through
rigorous
triangulation.
The data was
scrutinized using MS-
Excel, statistical tools
and internal proprietary
database to obtain
qualitative and
quantitative insights
about Global Sensor
Patch Market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
Secondary Research
Primary Research
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Research Methodology
17
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global sensor patch market. The team
has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing
elderly population, growing number of patients with diabetes, increase in chronic illness, high adoption of telehealth etc. and
speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to
take better decisions while planning their strategy to achieve sustainability in the global sensor patch market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected
through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry
experts.
The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the global sensor
patch market to obtain the overall market size during 2017-2021, which was validated by the Delphi technique. Taking
standard deviation into consideration, the market size was averaged out, to arrive at the historical market size data.

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Research Methodology
18
Respondents were asked about the current and future market growth rates, as well as market shares by product type, by
application, by end user, by region and by company. Removing the outlier responses, the geometric mean of growth estimates
and revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares
generated across various segments were further triangulated based on the response from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by product type, by application, by end user, by region and by company were calculated based on the responses
received through primary surveys with industry experts, in which the respondents were asked about the market shares of the
leading sensor patch players. The final shares were calculated by taking the geometric mean of the responses gathered from
key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in
the global sensor patch market.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the
survey results in SPSS/Tableau Software.

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Research Methodology
19
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
the Global Sensor Patch Market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Regression Analysis
o Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.
TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market
demand scenario.
Note: (a) Sum of some shares may not be 100% due to round off till two decimal places.
(b) The market data for 2021 is actual only for 9 months (till Sep 2021), for rest 3 months (Oct 2021- Dec 2021), the
data is estimated.
Partial List of Companies
Interviewed
iRhythm Technologies Inc., DexCom Inc., g.tec medical engineering GmbH, Medtronic PLC
Texas Instruments Inc., Abbott Laboratories Inc., Feeligreen SA, Gentag, Inc., G-Tech
Medical, Inc., and Hivox Biotek Inc. among others
Partial List of Secondary
Sources
Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company
Websites, TechSci Research Proprietary Database & Knowledge Repository, etc.

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Industry Brief
20
Growing demand for monitoring physiological parameters of patients to drive global sensor patch market until 2027
According to TechSci Research report, “Sensor Patch Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027”, Global sensor patch
market was valued at over USD950 million in 2021 and is forecast to grow at a CAGR of 11.83% to reach USD1817.62 million by 2027. Sensor patches are attached to the
human body for monitoring a range of vital signs and provide specific treatments when required. The outbreak of COVID-19 and the increasing prevalence of chronic diseases
are driving the growth of the sensor patch market.
The increasing chronic illness among individuals has propelled the global sensor patch market as these sensors are used for monitoring patients’ vital parameters. For instance,
with accelerating urbanization, people are adopting a more sedentary lifestyle. This is pushing obesity rates and cases of diseases such as diabetes upward. These illnesses
require regular monitoring or regular check-up. Hence, sensor patches are used for the regular monitoring of chronic diseases.
The sensor patches are portable and easy to use, and some of them even do not require medical supervision. This has helped people use or monitor their vitals themselves as it
takes time and effort to visit medical facilities for regular check-ups. The portability of the patches helps individuals to carry their kit wherever they require, increasing the ease of
use of the product.
Global Sensor Patch market is segmented on the basis of product type, application, end user, and regional distribution. On the basis of product type, the market is segmented
into temperature sensor patch, blood glucose sensor patch, blood pressure/flow sensor patch, heart rate sensor patch, blood oxygen sensor patch and others. The blood
glucose sensor patch segment is expected to register the fastest growth in the global sensor patch market on account of the growing prevalence of diabetes worldwide.
According to the International Diabetes Federation, as of 2019, around 463 million adults (20-79 years) were living with diabetes, and this number is expected to increase to 700
million by 2045. This, in turn, would increase the demand for blood glucose sensor patches, glucometers, etc.
Leading players operating in Global Sensor Patch market include iRhythm Technologies Inc., DexCom Inc., g.tec medical engineering GmbH, Medtronic PLC, Texas Instruments
Inc., Abbott Laboratories Inc., Feeligreen SA, Gentag, Inc., G-Tech Medical, Inc., Hivox Biotek Inc.
“The North America region is the largest in the global sensor patch market with a share of 36.02% in 2021, owing to the region's large and growing geriatric population, which is
susceptible to different kinds of diseases, especially countries like the USA and Canada. Additionally, supportive government policies, R&D and healthcare schemes launched by
them across the three countries in the region are expected to support market growth. Furthermore, increasing healthcare expenditure coupled with growing health awareness
among the population across different countries in the region is further expected to drive the market growth in the region through 2027.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting firm.

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Sample Data - Snapshot
21
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Value (USD Million)
Global Sensor Patch Market Size, By Value (USD Million), 2017-2027F
CAGR 2017-2021
By Value: xx%
CAGR 2022E-2027F
By Value: xx%
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Blood Glucose Sensor Patch 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Blood Pressure/Flow Sensor Patch 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Heart Rate Sensor Patch 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Temperature Sensor Patch 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Blood Oxygen Sensor Patch 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Others 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
North America Sensor Patch Market Share, By Product Type, By Value, 2017-2027F
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Monitoring 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Diagnostic & Imaging 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Others 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
United States Sensor Patch Market Share, By Application, By Value, 2017-2027F

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23. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality
analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global
company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it
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