Product Code: 35633
KEY FINDINGS
The global electronic skin patches market is evaluated to project a CAGR of 16.89%, during the forecast period of 2021 to 2028. The market growth is attributed to factors, such as, the surging demand for periodic health monitoring, the growing incidence of lifestyle-associated and chronic diseases, the rise in fitness regimens among the adult population, and the increasing geriatric population.
MARKET INSIGHTS
The skin is characterized by the outer covering of the human body, capable of sensing temperature, pressure, as well as various other complex environmental conditions. Electronic skin patches entail a thin layer of fabric, used to mimic the human skin's properties. It particularly includes the sensitivity to temperature and pressure, which helps understand the surrounding, in addition to external aspects like heat and touch.
Businesses expand their operations through consistent research and development, using innovative solutions, like, wearable technology, smart clothing, and smart tattoos. Electronic skin primarily tracks respiration, heart rate, muscle movement, and other health statistics. The demand for electronic skin patches observes a considerable increase, owing to the presence of an organic circuit, to be worn on the body. Its wide range of applications includes electronic tattoos to monitor health, among others, thereby making it suitable for the end-user.
REGIONAL INSIGHTS
The global electronic skin patches market growth analysis entails the assessment of Europe, the Asia Pacific, and North America. North America is set to harbor the greatest market share by 2028, due to factors, such as, the increasing incidence of chronic as well as lifestyle-related diseases like diabetes and cardiovascular conditions. The market is further fueled by the increased awareness concerning the importance of such diseases' early diagnosis.
However, the high costs associated with electronic skin patches are expected to hinder the market growth.
COMPETITIVE INSIGHTS
Technical innovations linked with the introduction of new and enhanced extracts, especially across personal care products, are anticipated to propel the product demand. Hence, competitive rivalry is projected to remain high, during the forecast period. Key players operating in the market include, DexCom Inc, Medtronic PLC, Koninklijke Philips NV, Abbott Laboratories, GE Healthcare, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
- 1.1. STUDY OBJECTIVES
- 1.2. SCOPE OF STUDY
- 1.3. METHODOLOGY
- 1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
- 2.1. MARKET SIZE & ESTIMATES
- 2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
- 3.1. KEY DRIVERS
- 3.1.1. SURGING DEMAND FOR PERIODIC HEALTH MONITORING
- 3.1.2. RISING PREVALENCE OF CHRONIC AND LIFESTYLE-ASSOCIATED DISEASES
- 3.1.3. GROWING GERIATRIC POPULATION
- 3.1.4. INCREASING FITNESS REGIMEN AMONG THE ADULT POPULATION
- 3.2. KEY RESTRAINTS
- 3.2.1. HIGH INITIAL COST, COMPLEX DESIGNING, AND MATERIAL DEGRADATION
- 3.2.2. LACK OF INTEROPERABILITY AND DATA SECURITY
4. KEY ANALYTICS
- 4.1. PORTER'S FIVE FORCES ANALYSIS
- 4.1.1. THREAT OF NEW ENTRY
- 4.1.2. THREAT OF SUBSTITUTION
- 4.1.3. BUYER'S POWER
- 4.1.4. SUPPLIER'S POWER
- 4.1.5. COMPETITIVE RIVALRY
- 4.2. IMPACT OF COVID-19 ON ELECTRONIC SKIN PATCHES MARKET
- 4.3. REGULATORY FRAMEWORK
- 4.4. OPPORTUNITY MATRIX
- 4.5. VENDOR LANDSCAPE
- 4.6. KEY INVESTMENT INSIGHTS
5. MARKET BY TYPE
- 5.1. MONITORING AND DIAGNOSTIC ELECTRONIC SKIN PATCHES
- 5.2. THERAPEUTIC ELECTRONIC SKIN PATCHES
6. MARKET BY THERAPEUTICS
- 6.1. DIABETES MANAGEMENT
- 6.2. CARDIOVASCULAR MANAGEMENT AND TEMPERATURE MONITORING
- 6.3. PAIN MANAGEMENT
- 6.4. OTHER THERAPEUTICS
7. MARKET BY APPLICATION
- 7.1. PERSONAL HEALTHCARE MONITORING
- 7.2. WEARABLE TECHNOLOGY
- 7.3. OTHER APPLICATIONS
8. GEOGRAPHICAL ANALYSIS
- 8.1. NORTH AMERICA
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. KEY GROWTH ENABLERS
- 8.1.3. KEY CHALLENGES
- 8.1.4. KEY PLAYERS
- 8.1.5. COUNTRY ANALYSIS
- 8.1.5.1. UNITED STATES
- 8.1.5.2. CANADA
- 8.2. EUROPE
- 8.2.1. MARKET SIZE & ESTIMATES
- 8.2.2. KEY GROWTH ENABLERS
- 8.2.3. KEY CHALLENGES
- 8.2.4. KEY PLAYERS
- 8.2.5. COUNTRY ANALYSIS
- 8.2.5.1. GERMANY
- 8.2.5.2. FRANCE
- 8.2.5.3. UNITED KINGDOM
- 8.2.5.4. ITALY
- 8.2.5.5. RUSSIA
- 8.2.5.6. BELGIUM
- 8.2.5.7. POLAND
- 8.2.5.8. REST OF EUROPE
- 8.3. ASIA PACIFIC
- 8.3.1. MARKET SIZE & ESTIMATES
- 8.3.2. KEY GROWTH ENABLERS
- 8.3.3. KEY CHALLENGES
- 8.3.4. KEY PLAYERS
- 8.3.5. COUNTRY ANALYSIS
- 8.3.5.1. CHINA
- 8.3.5.2. JAPAN
- 8.3.5.3. INDIA
- 8.3.5.4. AUSTRALIA & NEW ZEALAND
- 8.3.5.5. SOUTH KOREA
- 8.3.5.6. THAILAND
- 8.3.5.7. INDONESIA
- 8.3.5.8. VIETNAM
- 8.3.5.9. REST OF ASIA PACIFIC
- 8.4. REST OF WORLD
- 8.4.1. MARKET SIZE & ESTIMATES
- 8.4.2. KEY GROWTH ENABLERS
- 8.4.3. KEY CHALLENGES
- 8.4.4. KEY PLAYERS
- 8.4.5. REGIONAL ANALYSIS
- 8.4.5.1. LATIN AMERICA
- 8.4.5.2. MIDDLE EAST & AFRICA
9. COMPETITIVE LANDSCAPE
- 9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGER & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCH & DEVELOPMENTS
- 9.1.3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
- 9.1.4. BUSINESS EXPANSION/ APPROVAL/ ANNOUNCEMENT
- 9.2. COMPANY PROFILE
- 9.2.1. ABBOTT LABORATORIES
- 9.2.2. BIOTELEMETRY INC
- 9.2.3. DEXCOM INC
- 9.2.4. GE HEALTHCARE
- 9.2.5. INSULET CORP
- 9.2.6. IRHYTHM TECHNOLOGIES INC
- 9.2.7. KONINKLIJKE PHILIPS NV
- 9.2.8. LIFESIGNALS
- 9.2.9. MC10 INC
- 9.2.10. MEDTRONIC PLC
- 9.2.11. NEMAURA MEDICAL INC
- 9.2.12. OMRON CORPORATION
- 9.2.13. SENSEONICS HOLDING INC
- 9.2.14. VITALCONNECT
- 9.2.15. VIVALNK