• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Drug Delivery Business

  • Clinical Trials
  • Research & Development
  • Drug-Device Combinations
  • FDA
  • Pharmaceuticals
  • Policy

Global wearable patch market growing at 10.6% rate

February 22, 2021 By Sean Whooley

G6
G6 from Dexcom

Researchers say that the global wearable patch market size is expected to reach $12.6 billion by 2026, marking a massive rise over five years.

According to the research, put together by ResearchAndMarkets.com, the rise is expected to represent a compound annual growth rate of 10.6% during the forecast period.

Wearables covered by the research, including drug delivery devices such as insulin patches and other transdermal drug delivery systems, are currently performing well on the market as a result of an increase in research & development activities for designing new products.

Growth is being boosted by continuous monitoring options and connectivity capabilities, while lifestyle diseases like diabetes will also fuel the market growth. However, governmental supports and interruptions in new product launches are hampering the market growth, according to the research.

The research cited major market moves including Abbott (NYSE:ABT) and Dexcom (NSDQ:DXCM) partnering with Insulet (NSDQ:PODD) to feed data into an automated insulin delivery system, while Abbott also paired with Sanofi (NYSE:SNY) and Dexcom entered a collaboration with Eli Lilly (NYSE:LLY).

Filed Under: Auto-injectors, Business/Financial News, Diabetes, Drug-Device Combinations, Featured, Pharmaceuticals Tagged With: abbott, Dexcom, Eli Lilly & Co., Insulet, sanofi, wearables

IN CASE YOU MISSED IT

  • BriaCell Therapeutics closes $25M offering
  • ICU Medical dips despite Street-beating Q4
  • 8 drug delivery innovations you need to know
  • Axonics acquires Contura and its Bulkamid bulking agent for $235M
  • Lilly to add Welldoc app to future insulin pen

Primary Sidebar

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
Need Drug Delivery Business News in a minute? We Deliver!
Drug Delivery Enewsletters get you caught up on all the mission critical news you need in med tech. Sign up today.

Footer

MassDevice Medical NETWORK

MassDevice
DeviceTalks
Medical Design & Outsourcing
Medical Tubing + Extrusion

DRUG DELIVERY BUSINESS NEWS

Subscribe to Drug Delivery News
Advertise with us
About
Contact us
Privacy
Add us on FacebookFollow us on TwitterConnect with us on LinkedIn

Copyright © 2021 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Advertise | Privacy Policy | RSS