Flexible Electronics News

Wearable Patch Market to Reach $27.8 Billion by 2027: Allied Market Research

Global wearable patch market was valued at $12.2 billion in 2019; to register a CAGR of 9.6% from 2020 to 2027.

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By: Anthony Locicero

Copy editor, New York Post

According to a new report published by Allied Market Research, titled, “wearable patch market, by product and end-use: opportunity analysis and industry forecast, 2020–2027,” the global wearable patch market was valued at $12.2 billion in 2019 and is projected to reach $27.8 billion by 2027, registering a CAGR of 9.6% from 2020 to 2027.   Wearable patches are generally known as electronic skin or smart patches.    These patches are thin, small, and flexible, and consist of various electr...

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