Electronic Skin Patches Market Top Key Players, Global Trend, Opportunities & Forecast 2020 – 2027
Research Reports
Jan 18, 2021
Market Size – USD 8,232.8 Billion in 2019, Market Growth – CAGR of 10.3%, Market Trends –Growing geriatric population
The global electronic skin patches market is projected to be worth USD 18.10 Billion by 2027, according to a current analysis by Emergen Research. The electronic skin patches market observes a rapid growth attributed to the surging usage of wearable health monitoring devices. Electronic skin patches, flexible and thin wearable products, attach to the human skin deploying biocompatible adhesives. As an instance, the application of electronic skin patches on a definite skin area can replace a heart rate monitor strap, positioned and held around the human body, and might face the risk of being misplaced. Electronic skin patches than conventional wearable devices are lighter, smaller, very comfortable, and less invasive.
The North American region’s market dominance is attributed to the well-established healthcare infrastructure, supportive regulatory policies, rapid adoption of advanced technology, growing geriatric population, and easy availability and skilled expertise in the region.
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Key Highlights From The Report
In January 2019, Holst Centre announced the launch of a disposable health patch for taking measurements of vital signs associated with human health. An essential technology enhancement in this groundbreaking health patch is incorporating an extensive range of sensors into MUSEIC V3 SoC solution by imec.
Electroactive polymers held the second largest market share in 2019 as it can alter size and shape based on the fluctuating electric field. These polymers possess distinctive properties like low density, improved mechanical flexibility, structural simplicity, absence of acoustic noise, and low cost.
Cosmetic patches drive an innovative delivering system of active cosmetic ingredients across the skin barrier, thereby resolving the hurdles associated with stability observed during the usage of specific actives.
Key participants include iRhytm Technologies, Xensio, VivaLnk Inc., Holst Center, Plastic Electronic GmbH, MC10, Philips, Xenoma, Quad Industries, and Sensium Healthcare Ltd., among others.
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Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
Apart from the above mentioned content the researchers go an extra mile to define the distinct usage occasions and lists the customer segments to leverage the brand and identify future opportunities. Besides, the subject matter expert segment the target customers purely based on their consumption patterns.
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Component Outlook (Revenue, USD Billion; 2017-2027)
Stretchable Circuits
Photovoltaic Systems
Stretchable Conductors
Electroactive Polymers
Application Outlook (Revenue, USD Billion; 2017-2027)
Health Monitoring Systems
Drug Delivery Systems
Cosmetics
End-Users Outlook (Revenue, USD Billion; 2017-2027)
Hospitals & Clinics
Research Institutes
Cosmetic Firms
Others
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