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.
The report provides detailed insights into Electronic Skin Patches market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Electronic Skin Patches market size over the forecast period, 2020–2028. The report includes profiles of major Electronic Skin Patches players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Electronic Skin Patches market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.
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Global Electronic Skin Patches market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Electronic Skin Patches market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Electronic Skin Patches market.
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.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Electronic Skin Patches market share contribution of these countries. In addition, Electronic Skin Patches market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Electronic Skin Patches Market include are:
- 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
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In terms of Electronic Skin Patches market share and revenue contribution to the global Electronic Skin Patches market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Electronic Skin Patches market share.
The market intelligence report on the Electronic Skin Patches Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Region wise performance of the Electronic Skin Patches industry
North America Electronic Skin Patches market revenue growth was relatively higher than that of other regional markets in 2020. North America Electronic Skin Patches market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Asia Pacific Electronic Skin Patches market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Electronic Skin Patches market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Electronic Skin Patches market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
Europe Electronic Skin Patches market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Electronic Skin Patches industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Electronic Skin Patches market across different regions?
- Who are the major driving forces expected to decide the fate of the Electronic Skin Patches industry worldwide?
- Who are the prominent market players making a mark in the Electronic Skin Patches market with their winning strategies?
- Which Electronic Skin Patches industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Electronic Skin Patches market?
Table of Content
Chapter 1. Methodology Sources
1.1. Electronic Skin Patches Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Electronic Skin Patches Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Electronic Skin Patches Market Segmentation Impact Analysis
4.1. Electronic Skin Patches Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Electronic Skin Patches Market indicators analysis
4.2.2. Electronic Skin Patches Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Electronic Skin Patches Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Electronic Skin Patches products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Electronic Skin Patches Market Revenue Share By Manufacturers
10.2. Mergers Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.2. Europe
10.5.1.3. Asia Pacific
10.5.1.4. Middle East Africa
10.5.1.5. Latin America
10.5.2. Distributors
10.5.2.1. North America
10.5.2.2. Europe
10.5.2.3. Asia Pacific
10.5.2.4. Middle East Africa
10.5.2.5. Latin America
10.5.3. Others
Continued….
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