NEW YORK, June 24, 2024 /PRNewswire/ — The global wearable patch market size is estimated to grow by USD 7.11 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 13.26% during the forecast period.
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The wearable patch market is booming, driven by several factors:
However, the market faces some hurdles:
Key Players:
The wearable patch market has a diverse range of participants, including:
Market Segmentation:
The wearable patch market can be segmented based on:
Future Outlook:
The wearable patch market holds immense promise for the future of healthcare. As technology advances and user acceptance grows, connected wearable patches are expected to dominate the market. Investment in research and development will lead to more innovative and effective wearable patch solutions.
About Technavio
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.
Contacts
Technavio Research
Jesse Maida
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Email: media@technavio.com
Website: www.technavio.com/
SOURCE Technavio
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