GlobalData has identified the leading companies in skin patches for healthcare, suggesting that miniaturisation and lower costs of development will result in significant market growth and demand for wearable sensors in the market.
In 2018, the wearable tech market was worth nearly $23 billion and is likely to grow to $54 billion by 2023 at a compound annual growth rate (CAGR) of 19%, according to GlobalData, a leading data and analytics company.
The company’s latest report, ‘Wearable Technology in Healthcare – Thematic Research’, suggests the skin patches market has space for innovation as traditional skin patches are bulkier and wire-laden, which hinders patient compliance and limits their use over extended time periods.
Listed below are the leading companies in skin patches for healthcare, as identified by GlobalData.
BioTelemtry
BioTelemetry is a wireless medical technology company focused on providing monitoring services and digital population health management in a healthcare setting. The company provides medical device manufacturing, centralised core laboratory services for clinical research, and cardiac monitoring services.
Eccrine Systems
Eccrine Systems is a provider of a wearable device that measures drug and biomarker levels excreted in sweat.
Epicore Biosystems
Epicore Biosystems provides a single-use sweat analytics system for athletes. Its technology includes a sweat microfluidic sensing platform for analysing small droplets of sweat directly from the skin.
Biolinq
Based in the US, Biolinq is a privately-owned medical device company that has developed a sensor system and incorporated it into their wearable continuous glucose monitors.
Gentag
Gentag patents and develops wireless sensor technology products. The company provides products for diagnostics and personal health and also offers wireless sensor network services.
Medtronic
Medtronic is a medical technology company that designs, develops, manufactures and markets a wide range of medical devices. It offers solutions for the treatment of heart failure, heart valve disorders and diseases affecting the coronary artery, the aorta, and the peripheral vascular and venous renal systems, as well as neurological diseases.
Nemaura
Nemaura Medical develops smart patches for continuous monitoring of multiple health conditions, including diabetes.
PKvitality
PKvitality is the manufacturer of a smartwatch that contains continuous glucose monitoring capabilities.
Theranica
Theranica specialises in non-invasive, wearable neuromodulation devices for the treatment of migraines.
iRhythm
iRhythm Technologies is a digital healthcare solutions company that provides non-invasive long-term cardiac rhythm monitors. The company develops the Zio family of products and solutions to address the clinical needs of patients suffering from arrhythmias.
