This Wearable Ultrasound Patch Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Wearable Ultrasound Patch Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Wearable Ultrasound Patch Market report will surely help you to a degree.
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In terms of revenue, global wearable ultrasound patch market was valued at US$ 1070.99 Mn in 2022 and is anticipated to reach US$ 1553.27 Mn by 2030 growing at a CAGR of 4.26% over the forecast period (2022 – 2030). Butterfly Network, Inc., Flosonics Medical, Hemonitor Medical, NanoVibronix, pulsify medical, ZetrOZ Systems LLC, Zio by iRhythm Technologies, Inc. and Softsonics amongst others.
Global Wearable Ultrasound Patch Market:
By Consumer Group
- Central Blood Pressure Monitoring
- Urinary Incontinence
- Pain Management
- Wound Healing
By End Use
- Home Care
- Hospitals and Clinics
- Ambulatory Surgical Centers
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
In the healthcare sector, wearable technologies are defined as non-invasive and autonomous devices that capture, analyze, and aggregate physical data so as to improve personal health and well-being. Fitness is the major application where wearable technologies are being exclusively adopted along with the increasing demand by consumers to monitor their own health. The integration of wearable tech with advanced technologies namely big data, augmented reality (AR), artificial intelligence (AI), and cloud computing solutions, is enabling for its faster growth. Recent developments are providing value add for healthcare system with an emphasis on diagnosis, treatment, monitoring and prevention.
One such device is a wearable ultrasound patch, which is wearable pocket-sized monitor that has a small real-time graphical display and provides reports and/or synchronizes data with smart phones and PCs. They are usually battery operated and store data. These devices aid in central blood pressure monitoring, pain management, wound health and urinary incontinence amongst other conditions. They observe various parameters by using technology that is connected to the wearer`s body. The data is then stored and analysed through an app. Thus, these factors are driving the growth of wearable ultrasound patch market.
The wearable ultrasound patch market has seen tremendous growth over the years with rising prevalence of various diseases and the need to monitor them. Also, due to the sedentary lifestyle, the occurrence and frequency of lifestyle-associated disorders, such as diabetes and hypertension, is on the rise. According to the World Health Organization (WHO), 1.13 billion people worldwide had hypertension in 2019. Thus, with the growing number of patients with chronic diseases that require continuous monitoring of several physiological parameters, the demand for wearable ultrasound patch market is expected to propel.
A group of engineers at the University of California San Diego, in February 2021 brought into the market a skin patch which can be worn on the neck. This patch helps in continuously monitoring blood pressure and heart rate as well as measuring the wearer’s levels of glucose as well as alcohol, lactate or caffeine. It is among the first wearable device which administers cardiovascular signals along with multiplying biochemical levels in the human body at the same time. This wearable patch thus helps in monitoring any underlying medical condition on a regular basis. Additionally, with the outburst of COVID-19 pandemic, it will serve as a great tool for remote patient monitoring, thus minimizing in-person visits to the clinic. Therefore, the COVID-19 pandemic is expected to have a positive impact on the global wearable ultrasound patch market.
Key Questions Answered with this Study
1) What makes Wearable Ultrasound Patch Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Wearable Ultrasound Patch market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Wearable Ultrasound Patch in next few years?
8) What is the impact analysis of various factors in the Wearable Ultrasound Patch market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Wearable Ultrasound Patch Market?
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