Wearable smart patches have become the biggest dark horse!

Research firm Tractica expects global shipments of clinical and non-clinical smart wearable "patch" to reach 12.3 million in 2020, with a total value of about $3.3 billion, compared to 67,000 last year.

The so-called smart wearable "patch" here includes smart patches, tattoos and small devices attached to the skin. They can only be worn for a limited time (ranging from one hour to several weeks), support wireless connection, and have medical care . Health or fitness functions, such as monitoring physiological data, delivering drugs, etc.

For example, Proteus Digital Health's drug management system consists of a digestible chip that can be embedded in a pill, a biosensor that can be attached to the skin, and a corresponding smartphone application. When the tablet is swallowed, the chip embedded in it will send a message to the patch on the patient's skin and pass it to the smartphone. Smartphones can also pass information to the doctor's office, allowing doctors to track patient compliance with medications, when and how to take them.

Wearable smart patches have become the biggest dark horse!

In addition, Vital Connect's HealthPatch MD, LifeWatch Vital Signs Patch, Fitlinxx's AmpStrip, Rhythm's Zio Patch and Toumaz's Sensium Vitals equipment belong to this category.

Charul Vyas, principal analyst at Tractica, said: "The smart wearable patch market is just starting out, it can improve the health of patients and reduce medical costs. But at present, these products are still developing and In the early stages of commercial use, in addition, smart wearable patch products face a series of challenges, and if the market really takes off, these problems need to be overcome in the next few years."

Vias believes that smart wearable patch technology is attractive for healthcare organizations and insurance companies looking for ways to reduce healthcare costs. With this technology, medical-related organizations can remotely monitor patients at a lower cost.

Research firm ABI Research began to focus on the market as early as 2013. ABI Research expected at the time that global shipments of disposable sensor patches would reach 5 million units in 2018. ABI Research analyst Jonathan Collins said: "Many companies are paying attention to the potential of this market, and we are increasingly convinced that this is a sustainable market."

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