Electronic Skin Patches Market 2021 Size with Top Countries Industry Chain Structure, Competitive Landscape, Future Trends, New Projects and Forecasts up to 2027 -3M, Koninklijke Philips, GE Healthcare

The Electronic Skin Patches Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Electronic Skin Patches Market Size is Projected to Reach at a CAGR of 17% during 2021-2027.

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Market Overview:

The growing trend for fitness among the population is expected to drive the market positively, during the forecast period. The healthcare industry is expected to benefit from electronic skin patches, as they need an adhesive and do not involve any invasive procedures for monitoring the body vitals.
The growing initiatives by regulatory bodies, such as FDA's Digital Health Innovation Action plan, which states FDA's approach to ensuring timely access to high-quality, safe, and effective digital health products to its citizens, are expected to boost the market.
Limited functionality, lack of interoperability, and data security are some of the factors that restrain the adoption of electronic skin patches. However, the digitization initiatives by the governments, coupled with the penetration of new technologies, like IoT, virtual reality, augmented reality, and artificial intelligence, are expected to mitigate such restraining factors.

Top Leading Companies:

3M, Koninklijke Philips, GE Healthcare, MC10, Intelesens Ltd, VivaLNK, Dialog Semiconductor, ROTEX Global

Recent Development:

March 2016 - Researchers from the Institute for Basic Science in Seoul, South Korea, developed an electronic skin patch, which is capable of performing accurate glucose measurements while delivering insulin. The increasing geriatric population is expected to benefit and target the end-users in the market.
3M has acquired 80 companies, including 5 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 19 assets. 3M’s largest acquisition to date was in 2019 when it acquired Acelity for $6.7B. Its largest disclosed sale occurred in 2019 when it sold Kindeva Drug Delivery to Altaris Capital Partners for $650M. 3M has been acquired in 22 different US states, and 17 countries. The Company’s most targeted sectors include manufacturing (25%) and medical products (18%). 3M is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was founded in 1902 and is based in St. Paul, Minnesota.

Philips has acquired 36 companies, including 16 in the last 5 years. A total of 13 acquisitions came from private equity firms. It has also divested 13 assets. Philips’ largest acquisition to date was in 2007 when it acquired Respironics for $5.1B. Its largest disclosed sale occurred in 2021, when it sold Koninklijke Philips - Domestic Appliances Business to Hillhouse Capital Management for $3.7B. Philips has acquired in 12 different US states, and 10 countries. The Company’s most targeted sectors include medical products (38%) and electrical equipment (10%).

Electronic Skin Patches Market Segmentation by Type:

Stretchable Circuits
Stretchable Conductors
Electro-active Polymers

Electronic Skin Patches Market Segmentation by Application:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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Demand in Europe is Driven Due to Healthcare Awareness

Traditional methods of diabetes monitoring involve the usage of glucose strips and finger-prick tests to monitor glucose levels in the blood. Thus, in order to prevent the usage of such invasive procedures, in April 2018, scientists from the University of Bath, the United Kingdom, developed an adhesive electronic skin patch that can measure the blood glucose levels every 10-15 minutes.
Similarly, Nemaura Medical, a medical technology company, developed sugar beet, which is a non-invasive, affordable, and flexible continuous glucose monitor (CGM), specifically designed for people suffering from diabetes and pre-diabetics. It enables the patients to better manage their glucose levels. 
According to a report published by WHO, in 2016, there were 422 million adults suffering from diabetes and this number is expected to grow, thus providing opportunities for the electronic skin patch market.

Regional Electronic Skin Patches Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Electronic Skin Patches Market Report:

Detailed overview of Electronic Skin Patches Market
Changing the Electronic Skin Patches market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Electronic Skin Patches market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Electronic Skin Patches Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Electronic Skin Patches Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Electronic Skin Patches industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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