Electronic Skin Patches Market Forecast, Growth, Demand and Key Players to 2023

 Market Scenario

The global electronic skin patches market is projected to grow significantly over the forecast period. It is estimated that the global electronic skin patches market is expected to register a CAGR of 18.3% during the forecast period of 2018–2023.

The increasing demand for electronic skin solutions in the wearable electronics sector and technological advancement is expected to drive the growth of the market. Factors such as the high cost of electronic skin patches are limiting the growth of the market.

Moreover, major companies in the market are involved in investing more in research and development and new product launches to strengthen their position in the market. For instance, in March 2017, 3M developed adhesives to improve wearable medical devices

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Segmentational Analysis:

On a regional basis, the electronic skin patches market in the Americas is predicted to dominate the market during the forecast period. The North American region holds a substantial share in the global market. This owes to the growth of federal healthcare regulations that curb the rising healthcare costs; rising government initiatives focusing on research and development activities. Moreover, America commands for the largest market for wearable tracking devices chiefly due to the presence of huge obese and diabetic population. According to the National Center for Chronic Disease, in 2014 9.3% of the population have diabetes and 37% of adult America population is suffering from obesity and overweight.

Currently, the global Electronic Skin Patches Market Forecast is dominated by numerous players. The major players in this market are involved in new product launches, strategic partnerships and collaborations to increase their product portfolio.

The global electronic skin patches market is segmented on the basis of component, application, and distribution channel.

Electronic Skin Patches Market, Key Players

  • MC10 (US)
  • Physical Optics Corporation (US)
  • Dialog Semiconductor (UK)
  • Intelesens Ltd. (UK)
  • 3M (US)
  • Koninklijke Philips N.V. (the Netherlands)
  • Plastic Electronics GmbH (Austria)
  • ROTEX Global (US)
  • SMARTLIFEINC LIMITED (US)
  • VivaLNK (US)
  • Xenoma (US)
  • Xsensio (Switzerland)
  • GE Healthcare (US)
  • Others

Targated Audience

  • Medical device companies
  • Analytical companies
  • Government institutions
  • Research and Development (R&D) companies
  • Medical research laboratories

 

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