Sensor Patch Market to be Valued USD1817 Million by 2027
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 ...