Electronic Skin Market Size To Witness Expansion At 20.5% CAGR By 2027, Owing To Rising Technological Development in Healthcare Sector | Million Insights

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Feb 09, 2021, 04:40 ET

FELTON, Calif., Feb 9, 2021 /PRNewswire/ -- The global electronic skin market size is estimated to touch USD 19.6 billion, by the end of 2027, and is anticipated to grow at a CAGR of 20.5% over the forecast period, 2020 to 2027, according to a new report by Million Insights. The increasing aging population along technological development in healthcare is mainly boosting market growth. Additionally, in the e-textile field, researchers use 3D printing for harvest & storing electricity. In addition, the companies have increased their expenditure on R&D development, which is projected to foster market growth.

For example, Xenoma has developed an e-skin that can monitor health & fitness using printed circuit fabric. Several researchers in the medical are focusing on e-skin application using biomedical and robotic systems. The soft sensors are placed on the skin and the data collected is then integrated with the machine learning process for monitoring tract treatment. In addition, the sensors also track biological parameters like motion, cardiac rhythm, temperature, and breathing.

Please click here to get the sample pdf and find more details on "Electronic Skin Market" Report 2027.

Several players in the industry offer soft biosensor systems that help to measure medical data continuously. The e-skins are effective than normal check-ups, that can monitor electric pulse easily. The growing emphasis on self-monitoring and rising diabetes patients are also contributing to market growth. According to the International Diabetes Federation, the total diabetic patient number is projected to increase by up to 700 million by 2045.

Further key findings from the report suggest:

In 2019, North America held the largest market share in the global market.
Based on product, the electronic patches segment is projected to dominate the market over the forecast period.
The stretchable circuit component segment led the market on owing to its rising application in e-textile and healthcare sectors.
By Sensors, the tactile sensor segment is anticipated to expand at the highest CAGR from 2020 to 2027.
The drug delivery system application segment is projected to grow the fastest growing CAGR over the forecast period.
Key players in the industry continuously focus on developing innovative products by investing in R&D activities.

Browse 108 page research report with TOC on "Global Electronic Skin Market" at: https://www.millioninsights.com/industry-reports/global-electronic-skin-market

Million Insights has segmented the global electronic skin market on the basis of product, component, sensor, application, and region:

Electronic Skin Product Outlook (Revenue, USD Billion, 2016 - 2027)

Electronic skin suits
Electronic patches

Electronic Skin Component Outlook (Revenue, USD Billion, 2016 - 2027)

Stretchable circuits
Photovoltaic systems
Stretchable conductors
Electroactive polymers

Electronic Skin Sensors Outlook (Revenue, USD Billion, 2016 - 2027)

Tactile sensors
Chemical sensors
Electrophysiological sensors
Others

Electronic Skin Application Outlook (Revenue, USD Billion, 2016 - 2027)

Health monitoring systems
Drug delivery systems
Cosmetics

Electronic Skin Regional Outlook (Revenue, USD Billion, 2016 - 2027)
North America

U.S.
Canada

Europe

The U.K
Germany
France
Italy
Spain

Asia Pacific

Japan
China
India
South Korea
Australia

Latin America

Brazil
Mexico
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

List of Key Players in Electronic Skin Market

MC10
Xenoma
ViVaLNK
GENTAG, Inc.
DIALOG Semiconductors
Bloomlife

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