Electronic Skin Patches Market Research Report– Forecast till 2030

Electronic Skin Patches Market Research Report, By Component (Stretchable Circuits, Stretchable Conductors, Electro-active Polymers, Others), Application (Diabetes Management), and End User (Pharmacies, Online Channel, Others)- Forecast till 2030

ID: MRFR/HC/6099-HCR | November 2022 | Region: Global | 160 Pages         

Electronic Skin Patches Market

The global electronic skin patches market is expected to reach USD 11.04 Billion to register a CAGR of 10.40% by 2022-2030.

Segmentation

By Component Stretchable Circuits Stretchable Conductors Electro-active Polymers
By Application Diabetes Management
By End User Pharmacies Online Channel Others

Key Players

  • MC10 (US)
  • Physical Optics Corporation (US)
  • Dialog Semiconductor (UK)
  • Intelesens Ltd. (UK)
  • 3M (US)
  • Koninklijke Philips N.V. (the Netherlands)
  • Plastic Electronics GmbH (Austria)
  • ROTEX Global (US)
  • SMARTLIFEINC LIMITED (US)

Drivers

  • Increasing demand for electronic skin solutions in the wearable electronics sector
  • Technological advancement
Speak to Analyst Request a Free Sample

Electronic Skin Patches Market Overview

The Electronic Skin Patches Market is expected to reach USD 11.04 Billion by 2030 at 10.40% CAGR during the forecast period 2022-2030. Electronic skin patches are considered to be electronics wearable devices. It includes electronic components set onto the body, typically using an adhesive. These devices are ultra-thin and flexible and are utilized for generating information. It is also useful for communicating through microelectronics and sensors. This breathable skin patch is used for patients to provide long-term care.

People can also use this while playing sports, which helps determine the heart rate of an individual. One can wear this for weeks as this will not be harmful to the skin. Electronic skin patches help to monitor vital signs. It also does not cause any discomfort to patients. It involves the addition of electronic functionality like actuators, sensors, processors, and communication, allowing the devices to become connected and smart. They are technologically advanced devices so that one can connect them with mobile operating systems and Bluetooth. The growing demand for electronic skin solutions in the wearable electronic sectors and technological advancement will drive the market growth.


Segmentation


The global electronic skin patches market is segmented based on component, application, and distribution channel. 


The electronic skin patches global market, by component, is categorized into stretchable circuits, stretchable conductors, electro-active polymers, photovoltaics, and others.  


Based on application, the electronic skin patches global market is segmented into diabetes management, cardiovascular, patient monitoring, and others


Based on distribution channel, the market is segmented into pharmacies, online channel, and others.


Based on region, the electronic skin patches global market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. The electronic skin patches market in the Middle East and Africa has been segmented into the Middle East and Africa.  


Regional Market Summary


It is projected that the Americas dominated the global electronic skin patches global market owing to the growth of the market in the North American region. This is largely attributed to factors such as streamlined health-care systems, updated regulatory policies, and availability of a trained workforce in this region helped it attain a lucrative market share.


Europe is expected to hold the second largest share in the electronic skin patches market owing to growing healthcare infrastructure. The market growth in this region is attributed to the increased funding to support research and development activities.


Asia-Pacific was projected to be the fastest growing region for the global electronic skin patches market. This owes to the technological advancements resulting in the development of advanced electronic skin patches leading to high acceptance rate for the devices in the Asia-Pacific region. The Middle East and Africa holds the least share in the global electronic skin patches market due to the presence of economically diverse countries, and fewer initiatives were taken by the government. 


Global Electronic Skin Patches Market, by Component



  • Stretchable Circuits

  • Stretchable Conductors

  • Electro-active Polymers

  • Photovoltaics

  • Others


Global Electronic Skin Patches Market, by Application



Global Electronic Skin Patches Market, by Distribution Channel



  • Pharmacies

  • Online Channel

  • Others


Global Electronic Skin Patches Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America



  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • The Middle East & Africa

    • Middle East

    • Africa




Global Electronic Skin Patches Market, Key Players



  • MC10 (US)

  • Physical Optics Corporation (US)

  • Dialog Semiconductor (UK)

  • Intelesens Ltd. (UK)

  • 3M (US)

  • Koninklijke Philips N.V. (the Netherlands)

  • Plastic Electronics GmbH (Austria)

  • ROTEX Global (US)

  • SMARTLIFEINC LIMITED (US)

  • VivaLNK (US)

  • Xenoma (US)

  • Xsensio (Switzerland)

  • GE Healthcare (US)

  • Others


Recent Development


In January 2022


Researchers in China have developed a wireless flexible skin patch with tactile stimuli between the operator and robot. A group of scientists crafts the system from city universities situated in hong kong, Dalia university of technology, Tsinghua University, and the electronic science and technology of china. The device enables enough to capture movement and stress factors, for instance, twisting and turning.


The Australian-US team used patches measuring one square centimetre dotted with more than 5,000 microscopic spikes, "so tiny you can't see them," David Muller, a virologist at the University of Queensland co-author of the paper, told AFP.


In March 2022


John rogers leads a team at northwestern university in Evanston, Illinois. They develop soft, flexible skin-like materials with health monitoring applications. The device is designed so that it can sit in the hollow at the base of the throat.

Intended Audience



  • Medical devices companies

  • Analytical companies

  • Government institutions

  • Research and Development (R&D) companies

  • Medical research laboratories



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 11.04 Billion
  CAGR   10.40%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Application and Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   MC10 (US), Physical Optics Corporation (US), Dialog Semiconductor (UK), Intelesens Ltd. (UK), 3M (US), Koninklijke Philips N.V. (the Netherlands), Plastic Electronics GmbH (Austria), ROTEX Global (US), SMARTLIFEINC LIMITED (US), VivaLNK (US), Xenoma (US), Xsensio (Switzerland), GE Healthcare (US)
  Key Market Opportunities

  • Research and development
  • New product launches
  •   Key Market Drivers   The leading driver for the electronic skin patches market is the increasing technological advancement in the field of wearables.


    Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    The global electronic skin patches market is expected to exhibit a strong 10.40% CAGR CAGR over the forecast period from 2022 to 2030.

    Leading players in the electronic skin patches market include MC10, Intelesens Ltd., 3M, ROTEX Global, Xenoma, GE, Xsensio, and VivaLNK, among others.

    The high cost of electronic skin patches is the major restraint on the global market.

    The Americas dominate the global electronic skin patches market due to the growing technological development in North America.

    The leading driver for the electronic skin patches market is the increasing technological advancement in the field of wearables.