High demand for electronic skin in the healthcare sector to treat diabetes and cardiology diseases is driving market growth.
Market Size – USD 4.46 Billion in
2019, Market Growth - CAGR of 20.6%, Market Trends –Advancement in technology.
The Global Electronic Skin Market is expected to reach a market size of USD 20.02 Billion in 2027 and register a robust CAGR over the forecast period, according to the latest report by Reports and Data. High demand for electronic skin in the healthcare sector and increasing growth in the robotics industry are key factors driving growth of the global electronic skin market. Advancements in technology and incorporation of Artificial Intelligence (AI) in the healthcare sector is supporting revenue growth of the market.
Electronic skin is utilized in robotics and healthcare
applications due to it being self-powered, self-healing, and for excellent
stretchability. Electronic skin is used in robotics to offer a sense of touch,
and in the healthcare industry to track health and fitness-related ailments and
conditions.
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Electronic skin is used for a range of applications such
as to monitor cardiovascular diseases, conditions during pregnancy, patients
with diabetes, and in the detection of abnormalities in the brain. Growth of
the electronic skin market is expected to be driven significantly by increasing
range and variety of applications this technology offers in industrial &
residential robotics, healthcare, and prosthetics. Factors such as low
awareness and low investment in research and development in developing
economies are expected to restrain adoption of this technology to a certain
extent. High cost and complex design of the technology will also limit demand
for electronic skin technology.
The COVID-19 impact:
The COVID-19
pandemic has impacted the electronic skin market positively. The virus has
impacted the healthcare industry significantly, creating need for real-time
health monitoring of patients. Market players are focused on developing
electronic skin patches that can track a patient’s temperature and heart rate.
These electronic devices provide remote and continuous monitoring of a
patient’s body temperature.
Further key
findings in the report
·
Electronic skin patches are reliable and convenient, and ideal
for remote monitoring in in-patient and out-patient cases. Skin patches are
commonly used in diabetes and cardiac management, and for temperature sensing,
drug delivery, newborn monitoring, and smart wound care, among others.
·
Stretchable conductors are essential in stretchable electronic
devices, which are used in soft robotics and next-generation wearables. Their
ability to enhance electronic performance is a key factor driving demand.
·
Health monitoring systems segment accounted for largest revenue
share in 2019. Growing application of electronic skin in neurology, cardiology,
and diabetes for disease treatment is driving revenue growth of this segment.
·
Asia Pacific market revenue growth rate is expected to remain
comparatively higher than other regional markets over the forecast period. This
can be attributed to increasing geriatric population and rising prevalence of
diabetes in countries in the region.
·
Key participants include Xensio, MC10, VivaLnk, Inc., Xenoma,
iRhytm Technologies, Philips, Plastic Electronics GMBH, Dialog Semiconductor,
Holst Center, and Koninklijke Philips N.V.
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For the purpose of
this report, Reports and Data has segmented the global electronic skin market
on the basis of product, component, sensors, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
·
Electronic patches
·
Electronic skinsuits
Component Outlook (Revenue, USD Billion; 2017-2027)
·
Photovoltaics systems
·
Stretchable circuits
·
Stretchable conductors
·
Electroactive polymers
Sensors Outlook (Revenue, USD Billion; 2017-2027)
·
Chemical sectors
·
Tactile sensors
·
Electrophysiological Sensors
·
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
·
Health monitoring systems
·
Drug delivery systems
·
Cosmetics
Regional Outlook (Revenue, USD Billion; 2017-2027)
·
North America
o
U.S
o
Canada
·
Europe
o
Germany
o
UK
o
France
o
BENELUX
o
Rest of Europe
·
Asia Pacific
o
China
o
Japan
o
South Korea
o
Rest of APAC
·
MEA
o
Saudi Arabia
o
UAE
o
Rest of MEA
·
Latin America
o
Brazil
o
Rest of LATAM
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Key Takeaways from the Global Electronic
Skin Market report:
- The global Electronic Skin market
report entails a broad product segmentation.
- It methodically evaluates the
overall product expanse of this business space.
- The report covers pivotal
information about the accrued market share of each product type, their
profit estimations, and production growth graph.
- The report provides the reader
with a generic summary of the application gamut of the global Electronic
Skin market.
- The report further details the
market share and product demand for each application segment.
- The study estimates the growth
rate of each application segment over the projected timeframe.
- Moreover, the report offers
crucial information on the different parameters boosting the global market
expansion, such as raw material production and market concentration rates.
Table
of Content:
Chapter
1. Market Synopsis
1.1. Market
Definition
1.2. Research Scope
& Premise
1.3. Methodology
1.4. Market
Estimation Technique
Chapter 2. Executive Summary
2.1. Summary
Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Electronic Skin Market Segmentation
& Impact Analysis
4.1. Electronic Skin
Market Material Segmentation Analysis
4.2. Industrial
Outlook
4.2.1.
Market indicators analysis
4.2.2.
Market drivers analysis
4.2.2.1. Increasing number of product
launches
4.2.2.2. Growth in funding by private and
public organizations
4.2.2.3. Rising adoption of wearable devices
4.2.3.
Market restraints analysis
4.2.3.1. High cost of the devices
4.3. Technological
Insights
4.4. Regulatory
Framework
4.5. ETOP Analysis
4.6. Porter’s Five
Forces Analysis
4.7. Competitive
Metric Space Analysis
4.8. Price trend
Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact
Analysis
4.11. Global
Recession Influence
Chapter 5. Electronic Skin Market By Product
Insights & Trends
5.1. Product Dynamics
& Market Share, 2019 & 2027
5.2. Electronic
patches
5.2.1.
Market Estimates And Forecast, 2017 – 2027 (USD Billion)
5.2.2.
Market Estimates And Forecast, By Region, 2017 – 2027 (USD Billion)
5.3. Electronic
skinsuits
5.3.1.
Market Estimates And Forecast, 2017 – 2027 (USD Billion)
5.3.2.
Market Estimates And Forecast, By Region, 2017 – 2027 (USD Billion)
Continued….
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