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 report provides Electronic Skin Patches market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major 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. Electronic skin patches than conventional wearable devices are lighter, smaller, very comfortable, and less invasive. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Electronic Skin Patches market revenue growth to a significant extent over the forecast period.
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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. Global Electronic Skin Patches market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Electronic Skin Patches Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market. The electronic skin patches market observes a rapid growth attributed to the surging usage of wearable health monitoring devices. Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Electronic Skin Patches market.
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Electronic Skin Patches Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Key Highlights From The Report
- In January 2019, Holst Centre announced the launch of a disposable health patch for taking measurements of vital signs associated with human health. An essential technology enhancement in this groundbreaking health patch is incorporating an extensive range of sensors into MUSEIC V3 SoC solution by imec.
- Electroactive polymers held the second largest market share in 2019 as it can alter size and shape based on the fluctuating electric field. These polymers possess distinctive properties like low density, improved mechanical flexibility, structural simplicity, absence of acoustic noise, and low cost.
- Cosmetic patches drive an innovative delivering system of active cosmetic ingredients across the skin barrier, thereby resolving the hurdles associated with stability observed during the usage of specific actives.
- Europe contributed to the second largest electronic skin patches market share in 2019 attributed to the developing healthcare sector and increased investment in R&D activities.
- Key participants include iRhytm Technologies, Xensio, VivaLnk Inc., Holst Center, Plastic Electronic GmbH, MC10, Philips, Xenoma, Quad Industries, and Sensium Healthcare Ltd., among others.
Region wise performance of the Electronic Skin Patches industry
North America Electronic Skin Patches market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Electronic Skin Patches market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Europe Electronic Skin Patches market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Electronic Skin Patches market growth.
Asia Pacific registered fastest revenue CAGR in 2020, and the Electronic Skin Patches market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
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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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
Table of Content
Chapter 1. Methodology & Sources
1.1. Electronic Skin Patches Market Definition
1.2. Research Scope
1.4. Research Sources
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
126.96.36.199. Rapid urbanization and industrialization
188.8.131.52. Stringent government regulations regarding carbon emissions
184.108.40.206. Increasing prevalence of respiratory diseases
220.127.116.11. Rising need to enhance indoor air quality
4.2.3. Electronic Skin Patches Market restraints analysis
18.104.22.168. High cost associated with the maintenance of Electronic Skin Patches products
22.214.171.124. 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
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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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?
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