Electronic Skin Patch Market Forecasts to 2028 – Global Analysis By Product (Electronic Patches, Electronic Skin Suits and Other Products), By Component (Electro Active Polymers, Photovoltaics, Stretchable Circuits, Stretchable Conductors and Other Compon

Electronic Skin Patch Market Forecasts to 2028 – Global Analysis By Product (Electronic Patches, Electronic Skin Suits and Other Products), By Component (Electro Active Polymers, Photovoltaics, Stretchable Circuits, Stretchable Conductors and Other Components), By Sensor (Chemical Sensors, Tactile Sensors, Electrophysiological Sensors and Other Sensors), By Type, By Sales Channel, By Distribution Channel, By Application and By Geography


According to Stratistics MRC, the Global Electronic Skin Patch Market is accounted for $8.27 billion in 2022 and is expected to reach $27.95 billion by 2028 growing at a CAGR of 22.5% during the forecast period. Skin patches are objects that can be used and are affixed to the skin. The electronic component entails integrating electronic features, including sensors, actuators, processors, and communication, which enable the devices to interact with one another and become smart. Skin patches serve as the ideal wearable electronic gadgets in many aspects, enhancing the wearer with the least amount of weight and the highest level of comfort.

According to a report published by WHO, in 2016, there were 422 million adults suffering from diabetes and this number is expected to grow, thus providing opportunities for the electronic skin patch market.

Market Dynamics:

Driver:

Rising adoption due to its benefits

Electronic skin is becoming more widely used as a result of its benefits, including self-healing and flexibility. Synthetic skin can be used in a wide range of health monitoring technologies as it closely resembles human sensory capacities. Human skin is unique among wearable technologies because of its sensitivity and flexibility, which are two of its most significant properties. Additionally, accelerating market growth are the rising number of product launches and rapid FDA approvals. For instance, the FDA approved the BioStamp nPoint system from MC10, Inc. in May 2018.

Restraint:

Limitation of traditional skin patches

Photovoltaic systems are being utilized in skin patches and sensors more frequently due to the drawbacks of conventional patches. Traditional skin patches have a number of limitations, such as the need to charge the device, which has made it difficult for several individuals to monitor their health. Additionally, environmental factors like moisture and others degrade electronic skins patches, restricting their adaptability and constraining market expansion.

Opportunity:

Rising trend toward fitness

During the forecast period, the market is anticipated to benefit from the population's growing trend toward fitness. Electronic skin patches are expected to be advantageous for the healthcare sector because they do not require invasive treatments and only require an adhesive to monitor physiological processes. However, the market will expand as a result of rising consumer demand for electronic skin solutions in the wearable electronics sector as well as technological advancement.

Threat:

Various challenges faced by electronic skin patch

There are significant obstacles that are limiting market expansion. The adoption of electronic skin patches is being hampered by issues like the high initial cost, challenging design, lack of data security, and lack of compatibility.

Covid-19 Impact:

The COVID-19 epidemic sparked a problem that spread around the globe. Due to the complete shutdown of the world, many firms struggled to maintain revenue, which resulted in job losses and an economic crisis. The surge in patients and inadequate care caused the healthcare industry to suffer severely. The panic scenario among individuals grew worse as the death toll increased. Trades were slowed down or stopped altogether, and it was difficult to obtain the simplest necessities. Due to lockdowns and business closures, the COVID-19 pandemic had a negative effect on the global electronic skin patch industry. The supply and distribution networks were restricted, which resulted in losses for the company.

The cardiovascular monitoring segment is expected to be the largest during the forecast period

Cardiovascular monitoring is expected to hold the largest market share over the extrapolated period, because running marathons over many kilometers involves pushing beyond the capabilities of the human body, cardiovascular monitoring crucial for athletes. It has become crucial for athletes to monitor their heart function in order to better organize their runs. Four interconnected factors, including heart rate, preload, contractility, and afterload, result in cardiac function.

The stretchable circuits segment is expected to have the highest CAGR during the forecast period

Due to wearable electronic devices attached in direct contact with human skin incorporating various deformations such as elongation and twisting resulting from human body movement, the demand for stretchable circuits is anticipated to have lucrative growth in the market throughout the forecast period. Stretchable circuits have the potential to enable a wide range of functional possibilities for electronic skin patches, including customized healthcare monitoring and human motion detection. Additionally, the stretchable circuits make it possible to measure a variety of biosignals without disrupting daily activities.

Region with largest share:

Because traditional methods of diabetes monitoring involve the use of glucose strips and finger-prick tests to monitor blood glucose levels, Europe is anticipated to have the largest share over the forecasted period. Thus, in April 2018, scientists from the University of Bath in the United Kingdom created an adhesive electronic skin patch that can measure blood glucose levels every 10–15 minutes in order to prevent the use of such invasive procedures.

Region with highest CAGR:

Due to technological improvements that enabled the creation of improved electronic skin patches and a high acceptance rate for the devices in the area, the Asia-Pacific region was predicted to have the highest growth rate for the global market for electronic skin patches over the projected period. Furthermore, because of the expanding healthcare infrastructure, it is predicted to experience the highest growth. However, the rise in financing for R&D operations is accountable for the market expansion in this region.

Key players in the market

Some of the key players in Electronic Skin Patch market include 3M, Abbott Laboratories, BioTelemetry, Inc., DexCom, Inc., Dialog Semiconductor, GE Healthcare, General Electric Company, Insulet Corporation, Intelesens Ltd., iRhythm Technologies Inc., Koninklijke Philips N.V., Leaf Healthcare Inc., Loreal SA, MC10, Medtronic, Plc., Nemaura Medical Inc., Omron Corporation, Physical Optics Corporation, Plastic Electronics GmbH, Quad industries SA, Senseonics Holding, Inc., Sensium Healthcare Ltd , Vitalconnect Inc. and VivaLNK.

Key Developments:

In April 2023, Abbott announced it has completed the acquisition of Cardiovascular Systems, Inc. (CSI), a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease. The transaction provides Abbott with a complementary solution for treating vascular disease. CSI's leading atherectomy system prepares vessels for angioplasty or stenting to restore blood flow.

In February 2020, VitalConnect made an announcement about the inclusion of arrhythmia detection functionality to its remote monitoring platform that deploys wearable biosensor, VitalPatch, to monitor the measurement of eleven vital signs.

In January 2019, Holst Centre announced the launch of a disposable health patch for taking measurements of vital signs associated with human health. An essential technology enhancement in this groundbreaking health patch is incorporating an extensive range of sensors into MUSEIC V3 SoC solution by imec.

Products Covered:
• Electronic Patches
• Electronic Skin Suits
• Other Products

Components Covered:
• Electro Active Polymers
• Photovoltaics
• Stretchable Circuits
• Stretchable Conductors
• Other Components

Sensors Covered:
• Chemical Sensors
• Tactile Sensors
• Electrophysiological Sensors
• Other Sensors

Types Covered:
• Monitoring and Diagnostic Electronic Skin Patches
• Prosthetics
• Robotic Device
• Therapeutic Electronic Skin Patches
• Other Types

Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider

Distribution Channels Covered:
• Online Channel
• Pharmacies

Applications Covered:
• Wearable Technology
• Physician offices & Specialty Clinics
• Home Care Settings
• Hospitals
• Pain Management
• Temperature
• Cosmetics
• Drug Delivery Systems
• Health Monitoring Systems
• Cardiovascular Monitoring
• Diabetes Management
• Patient Monitoring
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electronic Skin Patch Market, By Product
5.1 Introduction
5.2 Electronic Patches
5.3 Electronic Skin Suits
5.4 Other Products
6 Global Electronic Skin Patch Market, By Component
6.1 Introduction
6.2 Electro Active Polymers
6.3 Photovoltaics
6.4 Stretchable Circuits
6.5 Stretchable Conductors
6.6 Other Components
7 Global Electronic Skin Patch Market, By Sensor
7.1 Introduction
7.2 Chemical Sensors
7.3 Tactile Sensors
7.4 Electrophysiological Sensors
7.5 Other Sensors
8 Global Electronic Skin Patch Market, By Type
8.1 Introduction
8.2 Monitoring and Diagnostic Electronic Skin Patches
8.3 Prosthetics
8.4 Robotic Device
8.5 Therapeutic Electronic Skin Patches
8.6 Other Types
9 Global Electronic Skin Patch Market, By Sales Channel
9.1 Introduction
9.2 Aftermarket
9.3 Manufacturer/Distributor/Service Provider
10 Global Electronic Skin Patch Market, By Distribution Channel
10.1 Introduction
10.2 Online Channel
10.3 Pharmacies
10.3.1 Hospital Pharmacies
10.3.2 Retail Pharmacies
10.3.3 Online Pharmacies
11 Global Electronic Skin Patch Market, By Application
11.1 Introduction
11.2 Wearable Technology
11.3 Physician offices & Specialty Clinics
11.4 Home Care Settings
11.5 Hospitals
11.6 Pain Management
11.7 Temperature
11.8 Cosmetics
11.9 Drug Delivery Systems
11.10 Health Monitoring Systems
11.11 Cardiovascular Monitoring
11.12 Diabetes Management
11.13 Patient Monitoring
11.14 Other Applications
12 Global Electronic Skin Patch Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 3M
>
14.2 Abbott Laboratories
14.3 BioTelemetry, Inc.
14.4 DexCom, Inc.
14.5 Dialog Semiconductor
14.6 GE Healthcare
14.7 General Electric Company
14.8 Insulet Corporation
14.9 Intelesens Ltd.
14.10 iRhythm Technologies Inc.
14.11 Koninklijke Philips N.V.
14.12 Leaf Healthcare Inc.
14.13 Loreal SA
14.14 MC10
14.15 Medtronic, Plc.
14.16 Nemaura Medical Inc.
14.17 Omron Corporation
14.18 Physical Optics Corporation
14.19 Plastic Electronics GmbH
14.20 Quad industries SA
14.21 Senseonics Holding, Inc.
14.22 Sensium Healthcare Ltd
14.23 Vitalconnect Inc.
14.24 VivaLNK
List of Tables
>
Table 1 Global Electronic Skin Patch Market Outlook, By Region (2020-2028) ($MN)
>
Table 2 Global Electronic Skin Patch Market Outlook, By Product (2020-2028) ($MN)
>
Table 3 Global Electronic Skin Patch Market Outlook, By Electronic Patches (2020-2028) ($MN)
>
Table 4 Global Electronic Skin Patch Market Outlook, By Electronic Skin Suits (2020-2028) ($MN)
>
Table 5 Global Electronic Skin Patch Market Outlook, By Other Products (2020-2028) ($MN)
>
Table 6 Global Electronic Skin Patch Market Outlook, By Component (2020-2028) ($MN)
>
Table 7 Global Electronic Skin Patch Market Outlook, By Electro Active Polymers (2020-2028) ($MN)
>
Table 8 Global Electronic Skin Patch Market Outlook, By Photovoltaics (2020-2028) ($MN)
>
Table 9 Global Electronic Skin Patch Market Outlook, By Stretchable Circuits (2020-2028) ($MN)
>
Table 10 Global Electronic Skin Patch Market Outlook, By Stretchable Conductors (2020-2028) ($MN)
>
Table 11 Global Electronic Skin Patch Market Outlook, By Other Components (2020-2028) ($MN)
>
Table 12 Global Electronic Skin Patch Market Outlook, By Sensor (2020-2028) ($MN)
>
Table 13 Global Electronic Skin Patch Market Outlook, By Chemical Sensors (2020-2028) ($MN)
>
Table 14 Global Electronic Skin Patch Market Outlook, By Tactile Sensors (2020-2028) ($MN)
>
Table 15 Global Electronic Skin Patch Market Outlook, By Electrophysiological Sensors (2020-2028) ($MN)
>
Table 16 Global Electronic Skin Patch Market Outlook, By Other Sensors (2020-2028) ($MN)
>
Table 17 Global Electronic Skin Patch Market Outlook, By Type (2020-2028) ($MN)
>
Table 18 Global Electronic Skin Patch Market Outlook, By Monitoring and Diagnostic Electronic Skin Patches (2020-2028) ($MN)
>
Table 19 Global Electronic Skin Patch Market Outlook, By Prosthetics (2020-2028) ($MN)
>
Table 20 Global Electronic Skin Patch Market Outlook, By Robotic Device (2020-2028) ($MN)
>
Table 21 Global Electronic Skin Patch Market Outlook, By Therapeutic Electronic Skin Patches (2020-2028) ($MN)
>
Table 22 Global Electronic Skin Patch Market Outlook, By Other Types (2020-2028) ($MN)
>
Table 23 Global Electronic Skin Patch Market Outlook, By Sales Channel (2020-2028) ($MN)
>
Table 24 Global Electronic Skin Patch Market Outlook, By Aftermarket (2020-2028) ($MN)
>
Table 25 Global Electronic Skin Patch Market Outlook, By Manufacturer/Distributor/Service Provider (2020-2028) ($MN)
>
Table 26 Global Electronic Skin Patch Market Outlook, By Distribution Channel (2020-2028) ($MN)
>
Table 27 Global Electronic Skin Patch Market Outlook, By Online Channel (2020-2028) ($MN)
>
Table 28 Global Electronic Skin Patch Market Outlook, By Pharmacies (2020-2028) ($MN)
>
Table 29 Global Electronic Skin Patch Market Outlook, By Hospital Pharmacies (2020-2028) ($MN)
>
Table 30 Global Electronic Skin Patch Market Outlook, By Retail Pharmacies (2020-2028) ($MN)
>
Table 31 Global Electronic Skin Patch Market Outlook, By Online Pharmacies (2020-2028) ($MN)
>
Table 32 Global Electronic Skin Patch Market Outlook, By Application (2020-2028) ($MN)
>
Table 33 Global Electronic Skin Patch Market Outlook, By Wearable Technology (2020-2028) ($MN)
>
Table 34 Global Electronic Skin Patch Market Outlook, By Physician offices & Specialty Clinics (2020-2028) ($MN)
>
Table 35 Global Electronic Skin Patch Market Outlook, By Home Care Settings (2020-2028) ($MN)
>
Table 36 Global Electronic Skin Patch Market Outlook, By Hospitals (2020-2028) ($MN)
>
Table 37 Global Electronic Skin Patch Market Outlook, By Pain Management (2020-2028) ($MN)
>
Table 38 Global Electronic Skin Patch Market Outlook, By Temperature (2020-2028) ($MN)
>
Table 39 Global Electronic Skin Patch Market Outlook, By Cosmetics (2020-2028) ($MN)
>
Table 40 Global Electronic Skin Patch Market Outlook, By Drug Delivery Systems (2020-2028) ($MN)
>
Table 41 Global Electronic Skin Patch Market Outlook, By Health Monitoring Systems (2020-2028) ($MN)
>
Table 42 Global Electronic Skin Patch Market Outlook, By Cardiovascular Monitoring (2020-2028) ($MN)
>
Table 43 Global Electronic Skin Patch Market Outlook, By Diabetes Management (2020-2028) ($MN)
>
Table 44 Global Electronic Skin Patch Market Outlook, By Patient Monitoring (2020-2028) ($MN)
>
Table 45 Global Electronic Skin Patch Market Outlook, By Other Applications (2020-2028) ($MN)
>
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
>

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings