Fledgling intelligent wearable patch market potential is tremendous, it can improve the health status of patients, reduce the medical cost

Research firm Tractica expects 2020 clinical and non-clinical intelligent wearable "patch" shipments will reach 12.3 million pieces, worth about $3.3 billion, last year the shipments is only 67000 pieces. 

Here the so-called intelligent wearable "patch" including smart patches on the skin, tattoos, and adhere to the small devices, they can only wear a limited time (ranging from an hour to a few weeks), support wireless connection, with functions of medical treatment, health and fitness, such as monitoring physiological data, deliver drugs, etc. 

Drugs such as Proteus Digital Health company management system, the system includes a can be embedded in the pill can be digested in the chip, can stick on the skin of biosensor, and the corresponding smartphone applications. When the pill was after swallowing, embedded in the chip will send information to the patients with patches on the skin, then transfer to the smartphone. Smartphones can also pass the information to the doctor's office, make the doctor can track patient adherence of the doctor's advice, when and how to take medicine, etc. 

proteus 

In addition, the Vital Connect HealthPatch MD, LifeWatch Vital Signs Patch, Fitlinxx AmpStrip, wrote company Zio Patch and Toumaz SensiumVitals equipment company, belong to the category of products. 

Tractica, chief analyst at check, andreas (Charul Vyas) said: "the fledgling intelligent wearable patch market potential is tremendous, it can improve the health status of patients, reduce the medical cost. But for now, these products are still in the early stages of development and business. In addition, the intelligent wearable patch products also faces a series of challenges, to really take off the market, the next few years to overcome these problems." 

D andreas believes that for those who are to find ways to reduce health care costs of medical institutions and insurance companies, attractive intelligent wearable patch technology. Through the technology, medical institutions can at a lower cost of remote monitoring of patients. 

Research firm ABI Research as early as 2013, begin to pay close attention to the market. ABI Research expects at that time, 2018 disposable sensor patch shipments will reach 5 million pieces. ABI Research analyst Jonathan Collins (Jonathan Collins), said: "many companies are focusing on the potential of the market, we are increasingly believe that this is a sustainable survival of the market."