Global Wearable Ultrasound Patches Market Size, Share, Trends, Industry Growth by Type (Diagnostic, Therapeutic), by Application (Pain Management, Wound Healing, Muscle and Joint Stimulation, Cosmetic Applications, Others), by End-User, by Region, and Forecast to 2030

Report ID: RC156297 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: July 1st, 2023

The global wearable ultrasound patch market size was valued at around USD 62 million in 2020 and is expected to grow at a CAGR of around 14% during the forecast period from 2023 to 2030. The driving factors of the market can be attributed to various factors such as technological advancements, growing demand for non-invasive and painless medical treatments, increasing prevalence of chronic diseases, and rising healthcare expenditure. Wearable ultrasound patches are considered a non-invasive alternative to traditional methods for pain management, wound healing, and other medical applications, which is a significant factor driving the market growth.

Additionally, the increasing demand for personalized healthcare solutions, rising awareness regarding wearable medical devices, and the availability of wearable ultrasound patches for home healthcare settings are also expected to contribute to the growth of the market. Moreover, the increasing investments by key players and the government in research and development activities for developing innovative products are also expected to fuel market growth.

Market Drivers:

Rising prevalence of chronic conditions: Chronic conditions such as arthritis, tendonitis, and carpal tunnel syndrome require regular pain management, which is driving the demand for wearable ultrasound patches.

Non-invasive and drug-free treatment: Wearable ultrasound patches provide a non-invasive and drug-free option for pain management, which is appealing to patients who prefer alternative treatments.

Technological advancements: Advancements in technology have led to the development of wearable ultrasound patches that are more effective and convenient to use. For example, the patches can be controlled using a smartphone app, which makes them easier to use and more accessible.

Increasing healthcare expenditure: Rising healthcare expenditure is driving the demand for innovative healthcare solutions, including wearable ultrasound patches.

Growing demand for home healthcare: The demand for home healthcare solutions is increasing as patients prefer to receive treatment in the comfort of their own homes. Wearable ultrasound patches provide a convenient option for home healthcare, as they can be used without the need for medical supervision.

Growing awareness about the benefits of ultrasound therapy: As more people become aware of the benefits of ultrasound therapy, the demand for wearable ultrasound patches is expected to increase.

Overall, the combination of technological advancements, rising healthcare expenditure, and growing awareness about the benefits of ultrasound therapy are expected to drive the growth of the Wearable Ultrasound Patch market.

Market Snapshot:

Benchmark Year 2022
Market Size ~ USD 62 Million in 2020
Market Growth (CAGR) ~ 14% (2023-2030)
Largest Market Share lock
Analysis Period 2020-2030
Market Players Exogenesis Corporation, Vibration Therapeutic, Nanopore Technologies, Purdue Research Foundation, and Tyndall National Institute

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Market Insights:

Global Wearable Ultrasound Patches Market Analysis by Type:

The global wearable ultrasound patches market is bifurcated into type, application, end-user, and geography. On the basis of type, the market is further segmented into diagnostic patches and therapeutic patches. The therapeutic patches segment is expected to grow at a faster rate in the coming years, driven by the increasing use of ultrasound patches for pain management and rehabilitation purposes.

Diagnostic Patches: Diagnostic patches are used for non-invasive imaging of internal organs and body structures. They are placed on the skin surface, and their ultrasound waves penetrate the skin to produce images of underlying tissues. These patches are used for monitoring vital organs such as the heart, lungs, liver, and kidneys.

Therapeutic Patches: Therapeutic patches are used for delivering low-intensity therapeutic ultrasound to specific regions of the body. They are designed to provide pain relief, accelerate tissue healing, and improve blood circulation. These patches are commonly used for treating musculoskeletal injuries, such as sprains, strains, and tears.

The type of patch used depends on the purpose of the ultrasound patch. Diagnostic patches are used to detect and diagnose internal issues while therapeutic patches are used for treatment purposes.

Global Wearable Ultrasound Patches Market Analysis by Application:

Based on the application, the global wearable ultrasound patches market is segmented into pain management, wound healing, muscle and joint stimulation, cosmetic applications, and others. The pain management segment is often considered as the dominant segment. Wearable ultrasound patches are commonly used for pain management in various medical conditions, including chronic pain, back pain, and arthritis. The patches work by transmitting ultrasound waves to the affected area, which can help reduce inflammation, increase blood flow, and promote tissue regeneration. This can provide relief from pain and accelerate the healing process.

The increasing prevalence of chronic pain conditions, such as osteoarthritis and rheumatoid arthritis, is one of the key drivers of the pain management segment in the Wearable Ultrasound Patch market. Additionally, the growing preference for non-invasive and drug-free pain management therapies is also contributing to the growth of this segment.

Furthermore, wearable ultrasound patches are also used for wound healing, muscle and joint stimulation, and cosmetic applications. However, these segments are relatively smaller compared to the pain management segment in terms of market size and growth potential.

Pain Management: This segment is concerned with the use of wearable ultrasound patches for managing pain, particularly chronic pain. Ultrasound waves can help to stimulate the body’s natural pain-relieving mechanisms and reduce inflammation, making them a promising option for those suffering from conditions such as arthritis or fibromyalgia.

Wound Healing: Ultrasound patches are also used to promote wound healing, particularly in the case of chronic or non-healing wounds. Ultrasound waves have been shown to enhance blood flow and oxygen delivery to the affected area, which can help to speed up the healing process.

Muscle and Joint Stimulation: Wearable ultrasound patches can also be used to stimulate muscles and joints, helping to reduce pain and improve mobility. This can be particularly useful for athletes or those recovering from injuries or surgeries.

Cosmetic Applications: Ultrasound patches are also being explored for their cosmetic applications, such as reducing the appearance of fine lines and wrinkles or promoting collagen production.

Others: Other potential applications for wearable ultrasound patches include treating conditions such as hypertension or promoting bone healing in fractures.

Global Wearable Ultrasound Patches Market Analysis by End-User:

On the basis of end-user, the global wearable ultrasound patches market is bifurcated into Hospitals and Clinics, Ambulatory Surgical Centers, Home Care Settings, and Others. Hospitals and clinics are likely to be significant end-user of wearable ultrasound patches.

Hospitals and clinics often have a high patient volume and may require ultrasound imaging or therapeutic treatments for a wide range of medical conditions. Wearable ultrasound patches provide a convenient and non-invasive way to deliver ultrasound therapy or monitor medical conditions without the need for bulky equipment.

In addition, wearable ultrasound patches are also becoming more popular in home care settings as they offer a non-invasive way to manage pain or promote wound healing at home. Therefore, the home care settings segment may also emerge as a significant end-user in the future.

Hospitals and Clinics: Hospitals and clinics are one of the largest end-users of wearable ultrasound patches. These facilities have a high demand for non-invasive and cost-effective ultrasound devices for various applications, such as pain management, wound healing, and cosmetic applications.

Ambulatory Surgical Centers: Ambulatory surgical centers are increasingly adopting wearable ultrasound patches for their patients. These facilities require portable and easy-to-use ultrasound devices for various applications, such as muscle and joint stimulation, wound healing, and pain management.

Home Care Settings: Wearable ultrasound patches are also gaining popularity in home care settings. These devices provide a convenient and non-invasive way for patients to manage pain and promote healing without leaving their homes.

Others: Other end-users of wearable ultrasound patches include sports medicine centers, rehabilitation centers, and research institutions.

The wearable ultrasound patches market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Type:

  • Diagnostic Patches
  • Therapeutic Patches

By Application:

  • Pain Management
  • Wound Healing
  • Muscle and Joint Stimulation
  • Cosmetic Applications
  • Others

By End-User:

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the wearable ultrasound patches market report comprises dedicated sections centering on the regional market revenue and trends. The wearable ultrasound patches market has been segmented based on geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The wearable ultrasound patches market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Wearable ultrasound patches market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the significant market players operating in the global wearable ultrasound patches market are Exogenesis Corporation, Vibration Therapeutic, Nanopore Technologies, Purdue Research Foundation, and Tyndall National Institute. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. The developments highlight the growing interest and investment in the development of wearable ultrasound patch technology for various applications including pain management, tissue healing, and diagnostic imaging.

  • In March 2021, Ultrasound Technologies Ltd. announced the launch of its wearable therapeutic ultrasound patch, UltraRelief, for the management of musculoskeletal pain.
  • In September 2020, Nanopareil LLC announced the launch of its therapeutic wearable ultrasound patch for pain management and tissue healing.
  • In August 2020, Hyperice Inc. announced the launch of its wearable therapeutic ultrasound device, Hypervolt, for pain management and tissue healing.
  • In February 2020, Exo (Exo Imaging, Inc.) announced the launch of Exo Ultrasound System, a wearable ultrasound system that can provide high-resolution imaging for musculoskeletal and obstetric applications.
  • In November 2019, Saringer Life Science Technologies announced the launch of its wearable ultrasound patch, Surfascan, for real-time monitoring of deep tissue oxygen saturation during surgery.

Key Companies:

  • Exogenesis Corporation
  • Vibration Therapeutic
  • Nanopore Technologies
  • Purdue Research Foundation
  • Tyndall National Institute
  • Imanova Limited
  • Philips Healthcare
  • TDK Corporation
  • General Electric Company
  • Nanopoint Inc.

Key Questions Answered by Wearable Ultrasound Patches Market Report

  • Global wearable ultrasound patches market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Wearable ultrasound patches submarket forecasts from 2023-2030 covering the market by type, application, end-user, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level wearable ultrasound patches markets from 2023-2030
  • Competitive Landscape and market positioning of the top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Wearable Ultrasound Patches Market Portraiture
2.2. Global Wearable Ultrasound Patches Market, by Type, 2022 (USD Mn)
2.3. Global Wearable Ultrasound Patches Market, by Application, 2022 (USD Mn)
2.4. Global Wearable Ultrasound Patches Market, by End-User, 2022 (USD Mn)
2.5. Global Wearable Ultrasound Patches Market, by Geography, 2022 (USD Mn)

 

3. Global Wearable Ultrasound Patches Market Analysis


3.1. Wearable Ultrasound Patches Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis
3.8. COVID-19 Impact Analysis

 

4. Global Wearable Ultrasound Patches Market By Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Diagnostic Patches
4.3. Therapeutic Patches

 

5. Global Wearable Ultrasound Patches Market By Application, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Pain Management
5.3. Wound Healing
5.4. Muscle and Joint Stimulation
5.5. Cosmetic Applications
5.6. Others

 

6. Global Wearable Ultrasound Patches Market By End-User, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Hospitals and Clinics
6.3. Ambulatory Surgical Centers
6.4. Home Care Settings
6.5. Others

 

7. North America Wearable Ultrasound Patches Market Analysis and Forecast, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. North America Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
7.3. North America Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
7.4. North America Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
7.5. North America Wearable Ultrasound Patches Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
7.5.1.2. U.S. Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
7.5.1.3. U.S. Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
7.5.2.2. Canada Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
7.5.2.3. Canada Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)

 

8. Europe Wearable Ultrasound Patches Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Europe Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
8.3. Europe Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
8.4. Europe Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
8.5. Europe Wearable Ultrasound Patches Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
8.5.1.2. Germany Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
8.5.1.3. Germany Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
8.5.2.2. U.K. Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
8.5.2.3. U.K. Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
8.5.3.2. France Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
8.5.3.3. France Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
8.5.4.2. Spain Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
8.5.4.3. Spain Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
8.5.5.2. Italy Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
8.5.5.3. Italy Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)

 

9. Asia Pacific Wearable Ultrasound Patches Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Asia Pacific Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
9.3. Asia Pacific Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
9.4. Asia Pacific Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
9.5. Asia Pacific Wearable Ultrasound Patches Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
9.5.1.2. China Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
9.5.1.3. China Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
9.5.2.2. Japan Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
9.5.2.3. Japan Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
9.5.3.2. India Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
9.5.3.3. India Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
9.5.4.2. Rest of Asia Pacific Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
9.5.4.3. Rest of Asia Pacific Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)

 

10. Latin America (LATAM) Wearable Ultrasound Patches Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Latin America Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
10.3. Latin America Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
10.4. Latin America Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
10.5. Latin America Wearable Ultrasound Patches Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
10.5.1.2. Brazil Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
10.5.1.3. Brazil Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
10.5.2.2. Mexico Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
10.5.2.3. Mexico Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)

 

11. Middle East and Africa Wearable Ultrasound Patches Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. MEA Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
11.3. MEA Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
11.4. MEA Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
11.5. Middle East and Africa Wearable Ultrasound Patches Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
11.5.1.2. GCC Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
11.5.1.3. GCC Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
11.5.2.2. South Africa Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
11.5.2.3. South Africa Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Wearable Ultrasound Patches Market by Type, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Wearable Ultrasound Patches Market by Application, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Wearable Ultrasound Patches Market by End-User, (2020-2030 USD Mn)

 

12. Company Profiles


12.1. Exogenesis Corporation
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Vibration Therapeutic
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Nanopore Technologies
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Purdue Research Foundation
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Tyndall National Institute
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Imanova Limited
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Philips Healthcare
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. TDK Corporation
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. General Electric Company
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Nanopoint Inc.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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