Europe Wearable Patch Market Size & Outlook, 2020-2027

The wearable patch market in Europe is expected to reach a projected revenue of US$ 3,371.7 million by 2027. A compound annual growth rate of 5.9% is expected of Europe wearable patch market from 2021 to 2027.
Revenue, 2020 (US$M)
$2,256.7
Forecast, 2027 (US$M)
$3,371.7
CAGR, 2021 - 2027
5.9%
Report Coverage
Europe

Europe wearable patch market highlights

  • The Europe wearable patch market generated a revenue of USD 2,256.7 million in 2020.
  • The market is expected to grow at a CAGR of 5.9% from 2021 to 2027.
  • In terms of segment, connected wearable was the largest revenue generating technology in 2020.
  • Regular Wearable is the most lucrative technology segment registering the fastest growth during the forecast period.
  • Country-wise, UK is expected to register the highest CAGR from 2021 to 2027.


Europe data book summary

Market revenue in 2020USD 2,256.7 million
Market revenue in 2027USD 3,371.7 million
Growth rate5.9% (CAGR from 2020 to 2027)
Largest segmentConnected wearable
Fastest growing segmentRegular Wearable
Historical data covered2016 - 2019
Base year for estimation2020
Forecast period covered2021 - 2027
Quantitative unitsRevenue in USD million
Market segmentationRegular Wearable, Connected Wearable
Key market players worldwideAliveCor, Cardiac Insight, VitalConnect, LifeSignals, DexCom Inc, Abbott Laboratories, Koninklijke Philips NV, Smith & Nephew PLC, Qualcomm Inc, Vivalink, L'Oreal SA, GENTAG, Sensium Healthcare


Other key industry trends

  • In terms of revenue, Europe region accounted for 28.1% of the global wearable patch market in 2020.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2027.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,498.5 million by 2027.

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Wearable Patch Market Companies

Name Profile # Employees HQ Website

Europe wearable patch market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wearable patch market will help companies and investors design strategic landscapes.


Connected wearable was the largest segment with a revenue share of 76.55% in 2020. Horizon Databook has segmented the Europe wearable patch market based on regular wearable, connected wearable covering the revenue growth of each sub-segment from 2016 to 2027.


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Target buyers of Europe wearable patch market databook

  • Our clientele includes a mix of wearable patch market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe wearable patch market, including forecasts for subscribers. This continent databook contains high-level insights into Europe wearable patch market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Europe wearable patch market size, by country, 2016-2027 (US$M)

Europe Wearable Patch Market Share, 2020 & 2027 (US$M)

Europe wearable patch market size, by country, 2016-2027 (US$M)

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