Press release
Electronic Skin Patch Market Size Forecasted To Achieve $27.01 Billion By 2029 With Steady Growth
Electronic Skin Patch Market Size
What Is the Electronic Skin Patch Market Size and Projected Growth Rate?
The electronic skin patch market grew rapidly, increasing from $12.48 billion in 2024 to $14.58 billion in 2025, at a CAGR of 16.9%. This growth was fueled by chronic disease prevalence, wearable health tech adoption, cost-effective monitoring, an aging population, and supportive regulation.
The electronic skin patch market is expected to see rapid growth, reaching $27.01 billion by 2029 at a compound annual growth rate (CAGR) of 16.7%. This growth is driven by consumer demand for convenience, regulatory support, advancements in fitness and sports applications, a shift towards personalized medicine, and heightened awareness of health and wellness. Key trends include the integration of advanced sensors, biocompatibility, and skin interaction, remote monitoring and telemedicine, AI and machine learning integration, innovations in smart textiles, and flexible electronics for integrating electronic components.
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What Are the Major Segments in the Electronic Skin Patch Market?
The electronic skin patch market covered in this report is segmented -
1) By Type: Monitoring And Diagnostic, Therapeutic
2) By Component: Sensors, Actuators, Communication Components, Power Supply
3) By Application: Diabetes Management, Cardiovascular Monitoring, General Patient Monitoring, Temperature Sensing, Electrical Simulation, Iontophoresis, Sweat Sensing, Wound Monitoring And Treatment, Motion Sensing, Other Applications
4) By End-User: Healthcare, Fitness And Sports, Other End Users
Subsegments:
1) By Monitoring And Diagnostic: Wearable Health Monitoring Patches, Blood Glucose Monitoring Patches, Electrocardiogram (Ecg) Monitoring Patches, Temperature And Respiration Monitoring Patches
2) By Therapeutic: Transdermal Drug Delivery Patches, Pain Management Patches, Wound Healing Patches, Muscle Stimulation Patches
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What Are The Driving Electronic Skin Patch Market Evolution?
The growing focus on fitness and wellness is expected to drive the growth of the electronic skin patch market. Fitness refers to physical health achieved through regular exercise, balanced nutrition, and a healthy lifestyle. The increasing awareness of the health benefits of fitness, combined with advances in technology, has led to a rise in demand for fitness tracking devices. Electronic skin patches are used to monitor vital signs and physical activity in real-time, offering personalized health insights. For instance, the Sports and Fitness Industry Association reported a 4.2% growth in the sporting goods industry in 2023, reaching $121.66 billion. As more people prioritize fitness, the demand for electronic skin patches will continue to rise.
Which Firms Dominate The Electronic Skin Patch Market Segments?
Major companies operating in the electronic skin patch market are L'Oréal SA, Medtronic PLC, Texas Instruments Inc., Koninklijke Philips N.V., Boston Scientific Corporation, BioTelemetry Inc., iRhythm Technologies Inc., VTT Corp, Resonetics LLC, Proteus Digital Health, Quad Industries, Tapecon Inc., Vital Connect Inc., LifeSignals Inc., Blue Spark Technologies Inc., In2Tec Ltd., VivaLNK Inc., Wellysis Corp., Epicore Biosystems Inc., MC10 Inc.
What Electronic Skin Patch Market Trends Are Gaining Traction Across Different Segments?
Major firms in the electronic skin patch market are focusing on enhancing health monitoring features by developing wearable technology. This particular technology incorporates electronic devices that are worn on the body, and they can track, monitor, and enhance health, fitness, and day-to-day activities with integrated sensors and connectivity. For instance, in October 2024, STMicroelectronics, a company based in Switzerland known for semiconductors, introduced the ST1VAFE3BX biosensor chip. This advanced biosensor chip is specifically designed for health and fitness wearable devices and it includes features like integrated biopotential sensing, motion tracking, and an embedded AI core. This makes it perfectly suitable for wearable devices such as fitness bands, smart rings, and smartwatches. The chip allows for a broad range of physiological measures including heart-rate variability, cognitive functions, and neurological health monitoring. By integrating a motion-sensing accelerometer and on-chip machine learning abilities, it makes activity detection and gesture recognition easier while optimizing power, thereby prolonging the battery life of the wearable device.
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Which Is The Largest Region In The Electronic Skin Patch Market?
North America was the largest region in the electronic skin patch market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic skin patch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electronic Skin Patch Market?
2. What is the CAGR expected in the Electronic Skin Patch Market?
3. What Are the Key Innovations Transforming the Electronic Skin Patch Industry?
4. Which Region Is Leading the Electronic Skin Patch Market?
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