Electronic Skin Market Size, Share, Industry Growth, Trends, Sales, Revenue and Forecast 2020 - 2027

The global Electronic Skin market size is expected to be worth around US$ 19.5 billion by 2027, according to a new report by Vision Research Reports.

The global Electronic Skin market size was valued at US$ 4.4 billion in 2019 and is anticipated to grow at a CAGR of 20.4% during forecast period 2020 to 2027.

Widening usage of electronic skin owing to its advantages such as self-healing and flexibility is a major driving factor. As the artificial skin mimics human sensing capabilities, it has wide applications in health monitoring technologies. The sensitivity and flexibility of human skin are some of the major factors that uniquely distinguish it from other wearable devices. The increasing number of product launches and speedy FDA approvals are also boosting the market growth. For instance, in May 2018, MC10, Inc. received FDA approval for its BioStamp nPoint system. Moreover, technological advancements in the field of electronic skin are also driving the market.

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Growth Factors

The rising number of geriatric population and continuous technological advancements are driving the market. Moreover, in the e-textile area, researchers are using 3D printing to make material that can store and harvest electricity as well as fulfill fashion demand. These players are focusing on the miniaturization of products and continuous technological development.

Thin soft sensors that stick onto the skin are transforming healthcare. The data they collect is fed into a machine-learning algorithm to monitor spot abnormalities and tract treatment. These sensors can track biological and physiological signals such as breathing, motion, temperature, and cardiac rhythms.

The increasing number of diabetes patients and rising awareness about self-monitoring are also increasing the demands. According to the International Diabetes Federation, the number of people with diabetes is expected to reach 700 million by 2045.

Report Highlights

• North America captured the largest share in 2019 owing to the factors such as the presence of a large number of market players and high adoption rate
• By product type, electronic patches dominated the market owing to rising awareness about self-monitoring in healthcare
• By component, stretchable circuits dominated the market owing to its high use in various application of healthcare and e-textile
• Based on sensors, the tactile sensors segment is expected to witness the fastest CAGR over the forecast period owing to the high adoption rate in the field of robotics, machine learning and physiological monitoring
• Based on application, the drug delivery system segment is expected to grow at the fastest pace owing to increasing diabetes patients
• Key players are focusing on the miniaturization of products and continuous technological development

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Key Players

• MC10
• Xenoma
• VivaLNK
• GENTAG, Inc
• DIALOG Semiconductors
• Bloomlife

Market Segmentation

Electronic Skin Product Outlook

• Electronic skin suits
• Electronic patches

Electronic Skin Component Outlook

• Stretchable circuits
• Photovoltaic systems
• Stretchable conductors
• Electroactive polymers

Electronic Skin Sensors Outlook

• Tactile sensors
• Chemical sectors
• Electrophysiological Sensors
• Others

Electronic Skin Application Outlook

• Health monitoring systems
• Drug delivery systems
• Cosmetics

Electronic Skin Regional Outlook

• North America
  • The U.S.
  • Canada
• Europe
  • The U.K
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

The Electronic Skin market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Electronic Skin market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Electronic Skin market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electronic Skin market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Electronic Skin market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Electronic Skin capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Electronic Skin by regions (countries) and application.

In this study, the years considered to estimate the market size of Electronic Skin are as follows:

• History Year: 2016-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.and comprehensively analyze their growth strategies.

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