PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258115
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258115
Global Digital Tattoos Market is valued at approximately USD 104.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.97% over the forecast period 2022-2029. A digital tattoo is a type of temporary tattoo that is outfitted with electronics including sensors or an NFC chip and used for the wearer's skin. The growing advancements in materials science and circuit printing technology have transformed circuit boards into circuit films. The increase in the popularity of tattoos among the young generation, and surging demand for smart wearable devices are the key factors that are bolstering the market demand across the globe.
In addition, the rising deployment of digital tattoos in the healthcare industry is further stipulating the market growth in the global market. Rising technological developments like NFC which is made of semiconductor chips are playing a vital role in improving the healthcare sector. According to Statista, in 2023 the Digital Health market is projected to reach USD 170.20 billion in revenue and is expected to show an annual growth rate of 10.78% between 2023 to 2027, resulting in a projected market volume of USD 256.30 billion by 2027. Thereby, the growth of digital health is exhibiting a positive influence on the development of the market. Moreover, the growing research and development programs, as well as start-ups investing in research and development (R&D) for digital tattoos are presenting various lucrative opportunities over the forecasting years. However, data breach risk is associated with digital tattoos that stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Digital Tattoos Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue valued at USD 35.6 million, owing to the rising adoption of healthcare monitoring across the healthcare sector, along with surging demand for smart wearable devices. Whereas, the Asia Pacific is also expected to grow with the highest CAGR of 6.69% during the forecast period, owing to factors such as rising digitalization in the medical sector rising demand for wearable devices, and increasing research and development activities in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable