- Report ID: BMRC 1052 | Number of pages: 200 | Publish Date: Apr 2020
Status: Published | Category: Healthcare | Delivery Timeline:
"Global Electronic Skin Market is valued at USD 310.41 Million in 2018 and expected to reach USD 2712.74 Million by 2025 with the CAGR of 36.30% over the forecast period."
Rising electronic skin solution demand for chronic diseases & conditions, such as diabetes, cancer and heart disease, increasing health concerns among ageing population and rising awareness about fitness is estimated to drive the global electronic skin market during the forecast period.
Electronic skin is a thin, flexible, and stretchable covering embedded with electronic components that have sensing abilities. The Electronic skin technology is intended to reproduce the ability of human, animal skin, owing to which electronic skin generate a suitable response to ecological stimulus, such as changes in pressure and heat. Hence, the electronic skin incorporates the usage of integrated sensors to monitor environmental change. Hence, the Electronic skin possesses the potential to be utilized for on-body health and physiological condition monitoring. In coming years, electronic skin is expected to experience widespread adoption in different industry domains such as healthcare, industrial & residential robotics, and prosthetics. The features such as lightweight and ease of use & connectivity with the smart devices have driven the demand for wearable device in the market. Additionally, Hexoskin can be further customized as per an individual’s need due to the availability of developer kits. Thus, owing to the aforementioned benefits, the market is expected to garner a healthy growth rate during the forecast period. The market is expected to grow at a significant growth rate due to the opening that lie within its domain, which include growth in emerging countries and technological advancement in electronic skin patches.
Global Electronic Skin Market report is segmented on the basis of type, application, and by regional & country level. Based on type, global Electronic Skin Market is classified as the Robotic Device, Prosthetics, and Others. Based upon application, global Electronic Skin Market is classified into Periodic Healthcare Monitoring, Wearable Technology and others.
The regions covered in this Electronic Skin Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of clinical decision support system is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Electronic Skin Market Report-
Some major key players for Global Electronic Skin MarketareMC10, Dialog Devices Limited, Imagery works Pty, Intelesense, Plastic Electronic GmbH, Rotex, Vivalnk, Xenoma, Xensio and others.
Global Electronic Skin Market Dynamics –
The rapid increase in demand for electronic skin solution in the wearable electronics sector is expected to propel the adoption of electronic skin in the healthcare sector. The continuing changes in diet and lifestyle owing to increasing health concerns in the geriatric population and the rising awareness about fitness is estimated to drive the global electronic skin market during the forecast period. According to the World Health Organization (WHO), U.S. has highest proportion of geriatric population 37.9 million in 2010 and is expected to reach 55.5 million by the year 2030.In addition to this rise in population, the prevalence of diagnosed diabetes associated with them has also risen which is responsible for the growth of Electronic Skin Market. However, high initial set-up cost is a major factor restraining growth of the global electronic skin market. In addition, high cost of product and complex designing are other factors expected to hamper growth of the global electronic skin market to certain extent. Furthermore, the multifunctional feature offered by various electronic skin solutions is estimated to drive the global electronic skin market. Technological advancements such as fabrication of highly intelligent e-skins that can sense and respond to variations in external environment and increasing investment in R&D activities from major company is expected to present new opportunity in the global electronic skin market over the forecast period
Global Electronic Skin Market Drug Market Regional Analysis –
Geographically, North America is dominating the electronic skin market due to having largest market share by the end of the forecast period. The presence of electronic skin technology researchers is driving the electronic skin markets in North America and Western Europe. According to the World Health Organization (WHO), U.S. has highest proportion of geriatric population 86% in 2020 and is expected to reach 80% by the year 2034.Hence, the electronic skin market in China is estimated to record the highest growth rate during the forecast period. The increasing contest in the market and high investments made by the research departments of companies and the government will enable the electronic skin market in China to grow at a significant rate during the forecast period. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing to increasing public and private expenditure for development of electronic sector in emerging economies in this region.
Key Benefits for Global Electronic Skin Market Report–
By Regional & Country Analysis
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Electronic Skin Market 2020 By Type (Robotic Device, Prosthetics, Others ), Global Electronic Skin Market: By Application (Periodic Healthcare Monitoring, Wearable Technology , Clinic , Others) Forecast to 2025