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Sensor Patch Market Share

Report ID: GMI8385
Published Date: Mar 2024
Report Format: PDF

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Sensor Patch Market Share

NXP Semiconductors N.V and STMicroelectronics International N.V. held a significant share of over 20% in the market in 2023. NXP Semiconductors N.V. is a global semiconductor company providing secure connectivity solutions. In the sensor patch industry, NXP offers advanced sensor technologies and semiconductor solutions, empowering innovations in healthcare and wearable devices. Their contributions include high-performance sensors and connectivity solutions designed to enhance the functionality and reliability of sensor patches for improved health monitoring and data accuracy.

STMicroelectronics International N.V. is a global semiconductor and electronics manufacturer. They offer a range of innovative sensor solutions for various applications, including sensor patches. Leveraging their expertise, STMicroelectronics provides cutting-edge sensor technologies that enable accurate and reliable monitoring in healthcare and other industries. Their commitment to technological advancement positions them as a key player in the market.

Sensor Patch Market Companies

Major players operating in the sensor patch industry are:

Dexcom, Inc.
Abbott Laboratories
Medtronic plc
F. Hoffmann-La Roche Ltd
Senseonics Holdings, Inc.
NXP Semiconductors N.V
STMicroelectronics International N.V.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for sensor patch crossed USD 2.5 billion in 2023 and is estimated to witness over 40% CAGR between 2024 and 2032, due to the growing need for wearable medical devices worldwide.

Sensor patch market from the fitness and sports end-user segment is expected to register over 40% CAGR through 2032 driven by the higher demand for real-time performance monitoring.

North America recorded over 35% of the global sensor patch industry share in 2023, owing to the heightened healthcare awareness, technological advancements, and rising chronic disease rates.

Some of the major sensor patch firms are Dexcom, Inc., Abbott Laboratories, Medtronic plc, F. Hoffmann-La Roche Ltd, Senseonics Holdings, Inc., NXP Semiconductors N.V, and STMicroelectronics International N.V.