The global demand for Electronic Skin Patches Market is presumed to reach the market size of nearly USD 23.57 MN by 2028 from USD 7.62 MN in 2021 with a CAGR of 17.5% under the study period 2022 - 2028.
Electronic skin patches are thin, flexible devices that adhere to the user's skin via biocompatible adhesives. The product's electronic components are integrated into the skin patch, such as sensors, processors, and communication elements. Users will find electronic skin patches smaller, lighter, more comfortable, and less intrusive. The most common applications for electronic skin patches are diabetes management and cardiac monitoring. These patches are designed for single, short-term, or extended use. Electronic skin patches are excellent remote monitoring options for both inpatient and outpatient cases.
Market Dynamics
Electronic skin patches are expected to boost the market growth in the coming years because of the increase in chronic diseases such as cardiovascular disease, diabetes, and cancer due to changing lifestyles, unhealthy eating habits, and a lack of physical activity. Likewise, electronic skin patches are expected to benefit the healthcare industry because they do not require adhesive or invasive procedures to monitor the body's vitals. In addition, drunk driving cases are rising as people's lifestyles change. The innovative application of electronic skin patches in monitoring alcohol levels is also expected to boost the growth of the global market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electronic skin patches. The growth and trends of electronic skin patches industry provide a holistic approach to this study.
Market Segmentation
This section of the electronic skin patches market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Stretchable Circuits
- Photovoltaic Systems
- Stretchable Conductors
- Electroactive Polymers
By Application
- Health Monitoring Systems
- Drug Delivery Systems
- Cosmetics
By End-Users
- Hospitals & Clinics
- Research Institutes
- Cosmetic Firms
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Electronic Skin Patches market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electronic Skin Patches Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electronic skin patches market include iRhytm Technologies, Xensio, VivaLnk Inc., Holst Center, Plastic Electronic GmbH, MC10, Philips, Xenoma, Quad Industries, and Sensium Healthcare Ltd.,. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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