Electronic Skin Patches Market to Grow at a Double Digit CAGR until 2025
Increasing geriatric
population, growing concern for personal health to drive global electronic skin
patches market
According to TechSci Research report, “Global
Electronic
Skin Patches Market
By Application (Cardiovascular Monitoring, Wireless Inpatient Monitoring,
Diabetes Management, Iontophoresis Skin patches, Sweat Sensing), By Material (Silicon Based, Polymer Based and Others),
By Type (Disposable and Reusable), By
End User (Hospitals, Ambulatory Surgical
Centers and Others), By Region, Forecast & Opportunities, 2025”, global
electronic skin patches market is expected to witness robust growth during the
forecast period. Electronic skin patches have extremely thin and resilient
electronic components that are set on the body parts with the help of an
adhesive. Their main purpose is to generate information and communicate via
sensors and microelectronics. Growth of the geriatric population coupled with
the rise in chronic diseases have boosted the market of electronic skin
patches. Nowadays, more people are getting inclined towards personal health and
fitness, which is contributing to the increasing demand for electronic skin
patches, globally.
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Global electronic skin patches market is segmented based on application, material,
type, end user, and region. The application segment is further segmented into cardiovascular
monitoring, wireless inpatient monitoring, diabetes management, Iontophoresis
skin patches, and sweat sensing. Among these, cardiovascular monitoring segment
is expected to hold the largest market share during the forecast years due to
the increasing cardiac diseases. Additionally, fast-paced daily life activities
can give birth to an ample number of cardiac diseases that demand for such
patches as they monitor heart rate and other vitals in the body.
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Some of the leading players
in global electronic skin patches market include Quad Industries, Medtronic, MC10,
Vitalconnect, Blue Spark Technologies, VivaLNK, Loreal, Proteus Digital Health,
Nemaura Medical, Cardiomo, Life Signal, Lief Therapeutics, Isansys Lifecare, Xsensio,
Rotex, GE Healthcare, Merck, Boston Scientific, 3M, Daiichi Sankyo, etc. The
companies keep on participating in events for the launch of new products, for
example, three major companies, namely, Quad Industries, Henkel and Byteflies,
developed smart patches which can measure motion, heart rate, and respiration.
“North America accounted for the largest share in
global electronic skin patches market in 2019 and the trend is likely to
continue during the coming years as well. The largest share of the region can
be attributed to surging deaths due to cardiac diseases and diabetes,
increasing awareness about health monitoring, rising alcohol consumption and
surging expenditure in healthcare by government and other healthcare
organizations. Additionally, prevalence of regulatory bodies, such as Food And
Drug Administration (FDA) in USA, can also be held responsible for the growth
of the market as they introduce various plans like the Digital Health
Innovation Action Plan, which expounds FDA’s methods to ensure high-quality,
effective and safe digital health products to its consumers.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Electronic Skin Patches Market By
Application (Cardiovascular Monitoring, Wireless Inpatient Monitoring, Diabetes
Management, Iontophoresis Skin patches, Sweat Sensing), By Material (Silicon Based, Polymer Based and Others),
By Type (Disposable and Reusable), By
End User (Hospitals, Ambulatory Surgical
Centers and Others), By Region, Forecast & Opportunities, 2025,” has
evaluated the future growth potential of global electronic skin patches market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global electronic skin
patches market.
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