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2017: Rapid growth - 36 times by 2022
Analysts at the research company Tractica expect a rapid growth in the smart patch market. The forecast, published in mid-November 2017, provides that their deliveries will increase by more than 36 times by 2022.
Experts attribute smart patches to the segment of wearable electronics and explain that this term refers to a wide range of solutions that are attached to the skin: from transdermal patches to tattoos applied to the skin and small devices that provide wireless communication and various functions related to medicine and health. The purposes of their use can range from monitoring the physiological parameters of a person and diagnosis to the introduction of medicines, treatment and prevention of diseases.
An example is the "smart" medical bandage, the tests of which are planned at the Institute of Biological Sciences at Swansea University in the UK. Due to the built-in nanosensors and support for 5G networks, she will be able to quickly inform the doctor about how the wound is healed, BBC News reported in April 2017.
Tractica experts see great prospects in this direction. In 2016, deliveries of the first such products began, and in 2017 about 966 thousand smart patches will be released. In the future, as awareness of such decisions of the medical community and patients grows, the supply of smart patches will reach 35.1 million by 2022, and revenue in this market will approach $8 billion. Experts note that approximately 80% of the smart patches produced will have a clinical purpose.
 | The smart patch market is still in its initial stages of development and commercial implementation, but this is a promising direction that can improve patient health and reduce healthcare costs, "Tractica analyst Sherril Hanson commented on the study[1] |  |
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