Press release
Electronic Skin Market to reach USD 29.01 Bn by 2029, emerging at a CAGR of 20.4 percent and forecast 2023-2029
Electronic Skin Market
The comprehensive report delves into the Electronic Skin market, covering segments such as Product, Sensors, Applications, and Region. Data is sourced from market participants across North America, Asia Pacific, Europe, Middle East & Africa, and South America, providing a detailed analysis of the period.
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Electronic Skin Market Research Methodology
The report employs a rigorous research methodology, utilizing facts, figures, illustrations, and presentations to offer key data analysis. It also investigates market drivers, limitations, prospects, and barriers, providing investor recommendations based on a thorough examination of the contemporary competitive scenario.
What are Electronic Skin Market Dynamics:
The electronic skin market is characterized by a dynamic landscape shaped by various factors that influence its growth, trends, and future prospects. Understanding these market dynamics is essential for stakeholders, investors, and businesses looking to navigate and succeed in this innovative sector.
Electronic Skin Market Regional Insights:
North America: In 2022, North America held the largest market share at 41.2%, driven by an aging population, product launches, technical advancements, and favorable reimbursement policies.
Asia Pacific: The Asia Pacific market is expected to grow fastest during the forecast period due to a growing elderly population and rising diabetic patients.
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What is Electronic Skin Market Segmentation:
by Product
Electronic skinsuits
Electronic patches
The Electronic Skin Market is divided into Electronic patches and Electronic skinsuits based on the product. By accounting for 93.6% of total sales in 2022, electronic skin patches dominated the market. Electronic skin patches contain actuators, sensors with appropriate processing, communication, and energy storage. Electronic skin patches are becoming more and more common due to their versatility in a range of personal care applications. While allowing patients to speak with their doctors, this technology keeps them out of hospitals. These electronic patches are used for temperature sensing, inpatient and outpatient remote patient monitoring, motion detection, and diabetes self-monitoring. The category for electronic suits is anticipated to grow at the quickest rate during the course of the forecast.
by Component
Stretchable circuits
Photovoltaic systems
Stretchable conductors
Electroactive polymers
The Electronic Skin Market is divided into four categories based on the component: Stretchable conductors, Photovoltaic systems, Stretchable circuits, and Electroactive polymers. With a 33.0% Revenue Share in 2022, stretchable circuits dominated the market. Stretchable circuits' ability to interface with soft tissue offers a cutting-edge platform for regenerative medicine, ongoing health monitoring, and robotic control and feedback. These stretchable circuits also make it possible to measure a variety of skin-based biosignals without interfering with daily activities.
by Sensors
Tactile sensors
Chemical sectors
Electrophysiological Sensors
Others
by Application
Health Monitoring Systems
Wearable Technology
Others
The Electronic Skin Market is divided into Cosmetics, Drug Delivery Systems, and Health Monitoring Systems based on Application. With a 40.0% revenue share in 2022, the health monitoring industry dominated the market. Its widespread application in medical specialties like diabetes, cardiology, and neurology is the reason for this. Additionally, because to the technology's user-friendliness, the patient can put patches on their own for measuring the muscle, heart, and brain activities. The segment for drug delivery systems is anticipated to expand at the fastest rate throughout the forecast period. The segment's explosive rise is mostly because to its non-invasive, real-time dynamic treatment capability. Based on patterns in the stored data, these electronic skins can distribute medication through the skin, track muscle action, and retain data.
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Who are Electronic Skin Market Key Players:
1. MC10
2. Physical Optics Corporation
3. Dialog Semiconductor
4. Intelesens Ltd
5. 3M
6. Koninklijke Philips N.V.
7. Plastic Electronics GmbH
8. ROTEX Global
9. SMARTLIFEINC LIMITED
10. VivaLNK
11. Xenoma
12. Xsensio.
13. Chrono Therapeutics
14. iRhythm Technologies, Inc
15. Quad Industries
16. Bloomlife
17. Dexcom, Inc
18. Insulet Corporation
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The table of content for the Electronic Skin Market includes:
1. Global Electronic Skin Market: Research Methodology
2.
Global Electronic Skin Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
1. Global Electronic Skin Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by Region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• MandA by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size, and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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