The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Electronic Skin Patches market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.
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.
Growing technological advancement is a significant factor in driving the market growth. Stanford University’s researchers have designed a very sensitive sensor to be integrated into an electronic skin attached to a prosthetic limb to imitate the sense of touch, along with other functionalities.
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The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Electronic Skin Patches Systems market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Key participants include iRhytm Technologies, Xensio, VivaLnk Inc., Holst Center, Plastic Electronic GmbH, MC10, Philips, Xenoma, Quad Industries, and Sensium Healthcare Ltd., among others.
Emergen Research has segmented the global electronic skin patches market on the basis of component, application, end-users, and region:
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
Key point summary of the report:
- The report offers a comprehensive overview of the Skin Patches Systems market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the Skin Patches Systems market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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