Global Electronic Skin Patch Market Size Study, by Type, by Wireless Connectivity, by Application, by End-Use and Regional Forecasts 2022-2032

Description

The Global Electronic Skin Patch Market is valued at approximately USD 13.33 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 12.50% over the forecast period 2024-2032. Electronic skin (e-skin) technology, a bionic innovation mimicking the sensitivity and responsiveness of human skin, has marked a significant stride in healthcare, paving the way for health monitoring devices, bionic prosthetics, and smart drug delivery systems. The integration of advanced materials and sensor units is essential for e-skin devices to replicate human skin characteristics and deliver exceptional performance, especially in healthcare applications. As the technology matures, e-skin devices are expected to become more intelligent, broadening their scope and practical applications.

The surging integration of technologies like Artificial Intelligence (AI) and Machine Learning (ML) significantly propels the market forward. AI facilitates the identification of materials that enhance the therapeutic value of drugs and aids in optimizing fabrication methods. ML further contributes by improving quality control during large-scale production and enhancing e-skin sensor sensitivity and specificity. Such advancements enable real-time monitoring of stress hormone levels and prediction of mental health issues, thereby extending the utility of AI-powered e-skins to mental health applications. Moreover, the rising demand for remote health monitoring solutions has also driven market growth, as e-skin patches offer comprehensive health monitoring capabilities, making healthcare more accessible and efficient. Despite its potential, the electronic skin patch market faces challenges, primarily concerning data privacy and security. The sensitive nature of health data collected by e-skin patches necessitates stringent security measures to safeguard against cyber threats. Ensuring secure data storage and transmission is paramount to prevent the exploitation of vulnerabilities by cybercriminals.

The North American market dominates the electronic skin patch industry, driven by the adoption of point-of-care technology, increased healthcare spending, and a growing elderly population. The prevalence of lifestyle-associated and chronic diseases further supports market expansion in this region. Conversely, the Asia Pacific region is expected to witness the fastest growth, attributed to the rising demand for home care treatments and the demographic shift towards an aging population more susceptible to chronic illnesses.

Major market players included in this report are:

Medtronic
Abbott
Dexcom, Inc.
Koninklijke Philips N.V.
Senseonics Ltd.
Insulet Corporation
Boston Scientific Corporation
Biolinq Incorporated
Active Environmental Solutions
The Surgical Company

The detailed segments and sub-segment of the market are explained below:

By Type:

Monitoring & Diagnostic
Therapeutic

By Wireless Connectivity:

Connected
Non-connected

By Application:

Diabetes Management
Temperature Sensing
Electrical Simulation
Iontophoresis
Sweat Sensing
Cardiovascular Monitoring
General Patient Monitoring
Wound Monitoring & Treatment
Motion Sensing
Others

By End-Use:

Healthcare
Hospitals & Clinics
Home Care
Diagnostics Laboratories
Fitness & Sports
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Electronic Skin Patch Market Executive Summary

1.1. Global Electronic Skin Patch Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Wireless Connectivity
- 1.3.3. By Application
- 1.3.4. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Electronic Skin Patch Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Electronic Skin Patch Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Integration of Technologies like AI and ML
- 3.1.2. Rising Demand for Remote Health Monitoring Solutions
3.2. Market Challenges
- 3.2.1. Concerns Regarding the Privacy and Security of Data
3.3. Market Opportunities
- 3.3.1. Growing Applications in Healthcare and Home Care
- 3.3.2. Technological Advancements and Innovation

Chapter 4. Global Electronic Skin Patch Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Electronic Skin Patch Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Electronic Skin Patch Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Monitoring & Diagnostic
- 5.2.2. Therapeutic

Chapter 6. Global Electronic Skin Patch Market Size & Forecasts by Wireless Connectivity 2022-2032

6.1. Segment Dashboard
6.2. Global Electronic Skin Patch Market: Wireless Connectivity Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Connected
- 6.2.2. Non-connected

Chapter 7. Global Electronic Skin Patch Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Electronic Skin Patch Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Diabetes Management
- 7.2.2. Temperature Sensing
- 7.2.3. Electrical Simulation
- 7.2.4. Iontophoresis
- 7.2.5. Sweat Sensing
- 7.2.6. Cardiovascular Monitoring
- 7.2.7. General Patient Monitoring
- 7.2.8. Wound Monitoring & Treatment
- 7.2.9. Motion Sensing
- 7.2.10. Others

Chapter 8. Global Electronic Skin Patch Market Size & Forecasts by End-Use 2022-2032

8.1. Segment Dashboard
8.2. Global Electronic Skin Patch Market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Healthcare
- 8.2.2. Hospitals & Clinics
- 8.2.3. Home Care
- 8.2.4. Diagnostics Laboratories
- 8.2.5. Fitness & Sports
- 8.2.6. Others

Chapter 9. Global Electronic Skin Patch Market Size & Forecasts by Region 2022-2032

9.1. North America Electronic Skin Patch Market
- 9.1.1. U.S. Electronic Skin Patch Market
  - 9.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Wireless Connectivity breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Application breakdown size & forecasts, 2022-2032
  - 9.1.1.4. End-Use breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Electronic Skin Patch Market
9.2. Europe Electronic Skin Patch Market
- 9.2.1. UK Electronic Skin Patch Market
- 9.2.2. Germany Electronic Skin Patch Market
- 9.2.3. France Electronic Skin Patch Market
- 9.2.4. Spain Electronic Skin Patch Market
- 9.2.5. Italy Electronic Skin Patch Market
- 9.2.6. Rest of Europe Electronic Skin Patch Market
9.3. Asia Pacific Electronic Skin Patch Market
- 9.3.1. China Electronic Skin Patch Market
- 9.3.2. India Electronic Skin Patch Market
- 9.3.3. Japan Electronic Skin Patch Market
- 9.3.4. Australia Electronic Skin Patch Market
- 9.3.5. South Korea Electronic Skin Patch Market
- 9.3.6. Rest of Asia Pacific Electronic Skin Patch Market
9.4. Latin America Electronic Skin Patch Market
- 9.4.1. Brazil Electronic Skin Patch Market
- 9.4.2. Mexico Electronic Skin Patch Market
- 9.4.3. Rest of Latin America Electronic Skin Patch Market
9.5. Middle East & Africa Electronic Skin Patch Market
- 9.5.1. Saudi Arabia Electronic Skin Patch Market
- 9.5.2. South Africa Electronic Skin Patch Market
- 9.5.3. Rest of Middle East & Africa Electronic Skin Patch Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Medtronic
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Abbott
- 10.3.3. Dexcom, Inc.
- 10.3.4. Koninklijke Philips N.V.
- 10.3.5. Senseonics Ltd.
- 10.3.6. Insulet Corporation
- 10.3.7. Boston Scientific Corporation
- 10.3.8. Biolinq Incorporated
- 10.3.9. Active Environmental Solutions
- 10.3.10. The Surgical Company

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes