Global Electronic Skin Market - 2022-2029

Global Electronic Skin Market - 2022-2029
Market Overview

Electronic Skin Market size was valued US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

Electronic skin is a thin, flexible membrane that contains electronic parts with sensing capabilities. Electronic skin technology's goal is to mimic human and animal skin functions. It responds appropriately to environmental cues, including temperature and pressure variations. Integrating sensors in electronic skin allow it to track environmental changes. Electronic skin is potentially be used for physiological and on-body health monitoring.

Market Dynamics

New e-skin innovation by NUS researchers in robots and prosthetics for an exceptional sense of touch is expected to drive market growth.

The Asynchronous Coded Electronic Skin (ACES), an artificial neural system created by a team of researchers at the National University of Singapore, might give robots and prosthetic devices a sense of touch that is on par with or even superior to that of human skin shortly (NUS). The new electronic skin system acquired extremely high responsiveness and damage resistance to serve as electronic skin effectively. It may also be combined with any sensor skin layer. Moreover, ACES is 1,000 times faster than the human sensory nervous system at detecting touches. For instance, even with many sensors, it can distinguish physical connections between various sensors in less than 60 nanoseconds, which is the fastest yet achieved for an electronic skin technology.

Additionally, ACES-enabled skin can recognize an object's shape, texture, and hardness in less than 10 milliseconds—ten times faster than the blink of an eye. The ACES system's excellent fidelity and quick capture rate make this possible. Thus, from the above statements, the market is expected to drive in the forecast period.

Restraint

Lack of awareness, limited investment in research and development in emerging economies, high cost, and complicated technology design are factors the market is expected to get hampered in the forecast period.

Industry Analysis

The electronic skin market provides in-depth analysis of the market based on various industry factors such as supply chain analysis, pricing analysis etc.

COVID-19 Impact Analysis

The COVID-19 pandemic has moderately impacted healthcare systems and the market. Northwestern University in Evanston, Illinois, creates flexible, soft materials with uses for health monitoring. One gadget is a wireless, Bluetooth-connected piece of polymer and circuitry shaped to fit in the hollow at the base of the throat. It allows real-time monitoring of talking, breathing, heart rate, and other vital indicators and could be utilized in stroke victims who need speech therapy. Moreover, the demand for and use of remote patient monitoring products increased dramatically, with remote monitoring solutions being far more advantageous when dealing with a highly contagious condition. During the pandemic, regulatory barriers were reduced to satisfy the emergency need, and several businesses accelerated their commercialization on already established paths. The demanding route to commercializing common medical equipment was made easier, especially for businesses in the early stages of commercialization.

In contrast, the pandemic interrupts the supply chain and process. Many companies will vary to other geographic regions to ensure that products remain available and protect their supply chain. Thus, from the above statements, the market got affected, and it is expected to gain traction quickly with the resumption of economic activities.

Segment Analysis

Electronic patches segment is expected to hold the largest market share in electronic skin market

The electronic patches segment is expected to dominate in 2021. Electronic skin patches include actuators and sensors with appropriate processing, communication, and energy storage. Compared to traditional wearable devices, electronic skin patches can be smaller, lighter, more comfortable, and less intrusive for users. Patches can be designed for single, short-term, or extended use. Moreover, electronic skin patches are ideal for remote monitoring in both inpatient and outpatient situations. The most widespread applications for electronic skin patches are for diabetes and cardiac monitoring. However, many alternative applications for the adaptable technology exist, including Motion and location sensing, Vital sign monitoring, Temperature sensing, Drug and cosmetic delivery, Newborn monitoring, Smart wound care, and General sensing. Therefore, it has increased the demand for electronic skin patches. Thus, from the above statements, the market segment is expected to hold the largest market share in the forecast period.

Geographical Analysis

North America region holds the largest market share in the global electronic skin market

In 2021, North America accounted for the highest revenue share. The rising geriatric population, technological advancements in electronic skin devices, favorable reimbursement policies, product launches and collaborations by the market players in the region are some of the factors the market is expected to boost in the forecast period. For instance, Anna Maria Coclite from TU Graz and her team have succeeded in producing a 3in1 hybrid material for the next generation of smart, artificial skin. The team spent over six years developing smart skin as a component of Coclite's ERC project Smart Core. The composite material has 2,000 unique sensors per square millimeter, making it even more sensitive than a human fingertip. Each of these sensors comprises a special mix of components, including an interior smart polymer in the form of a hydrogel and an exterior shell made of piezoelectric zinc oxide. Because the hydrogel can absorb water, it can expand in response to variations in temperature and humidity. This causes pressure to be applied to the piezoelectric zinc oxide, which generates an electrical signal in response to this and all other mechanical stresses. The initial artificial skin samples are 0.006 millimeters, or six micrometers, thick.

In contrast, the thickness of the human epidermis ranges from 0.03 to 2 millimeters. However, it could be considerably thinner. A square millimeter or so is about the size that human skin can detect. The smart skin can register items too small for human skin to see because of its 1,000 times smaller resolution (such as microorganisms). Thus, from the above statements, the North American region is expected to hold the largest market share in the forecast period.

Competitive Landscape

Major key players in the electronic skin market are Xensio, MC10, VivaLnk, Inc., Xenoma, iRhytm Technologies, weissel electric use GmbH, Bloomlife, Dialog Semiconductor, Holst Center.

MC10:

Overview:

MC10, founded in 2008, creates conformal electronics that enhance human health through digital healthcare services. The company's electronics offer flexible, bendable, and wearable semiconductor-based technology across applications for the sports, medical, military, and energy sectors. The company also offers thin and flexible devices built to stretch, bend, and twist with our bodies, enabling users to minimize burden and maximize health insights.

Product Portfolio:

BioStamp nPoint: The system collects and transforms unstructured data into identifiable clinical measures, such as vital signs, activity/actigraphy and posture categorization, sEMG, and sleep metrics. The sensors are rechargeable, reusable, and multi-modal. A secure cloud that can be synced with external EDC and CTM systems houses all processed and stored collected data.

The global electronic skin market report would provide an access to an approx. 45+market data table, 40+figures and 180pages.