Request Sample Inquiry
Electronic Skin Market

Electronic Skin Market

Electronic Skin Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

156

Base Year:

2022

Date

Feb - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1307

Segments Covered
  • By Application By Application Cardiovascular Monitoring, Diabetes Management, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 7631.16 Million
Revenue 2030Revenue 2030: USD 21768.52 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 14.00%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Electronic Skin Market Share

Market Synopsis:

Global Electronic Skin market is valued at USD 7631.16 Million in 2022 and is projected to attain a value of USD 21768.52 Million by 2030 at a CAGR of 14.00% during the forecast period, 2022–2028. A key driving element is increasing use of Electronic Skin due to its benefits like as self-healing and adaptability. Artificial skin offers a wide range of uses in health monitoring technology since it replicates human sensing skills. Human skin's sensitivity and elasticity are two significant characteristics that set it apart from other wearable technologies. The market is also growing due to an increase in the number of product releases and the speed with which FDA approvals are granted. For example, MC10, Inc. got FDA approval for their BioStamp nPoint system in May 2018. Furthermore, innovations in the field of Electronic Skin are propelling the industry forward.

Electronic Skin Market Size, 2022 To 2030 (USD Million)

AI (GPT) is here !!! Ask questions about Electronic Skin Market
Loading....

COVID-19's increased prevalence is expected to have an impact on market growth over the projection period. The COVID-19 dilemma has had a significant and immediate impact on the healthcare industry. Because of the unexpected impact on the supply chain and the limits imposed on manufacturing and supply operations during the early stages of the coronavirus pandemic, most pharmaceutical and nutraceutical companies suffered a minor loss in the first few quarters. COVID-19, on the other hand, has raised demand for nutraceuticals and cosmetics, especially Electronic Skin, and some important players have seen favourable sales growth as a result of the increased demand.

Increasing Research and Development Spending

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

  • Real-Time Data Updates:
  • Competitor Benchmarking
  • Market Trends Heatmap
  • Custom Research Queries
  • Market Sentiment Analysis
  • Demographic and Geographic Insights

Get Access Now

The market is also growing because to increased research and development in the field of artificial skin. Researchers in Korea have invented multitasking skin that can feel temperature, pressure, and sound simultaneously while acting like human skin. Scientists are always conducting experiments to mimic the smell, taste, and tactile senses. Electronic Skin is also being used in artificial prostheses, biomedical devices, and robotic devices, which is expanding the market.

Stringent Regulations

To meet the government's criteria, key companies in the Electronic Skin market must follow the laws and regulations put forth by the government. Controlling permits, establishing restrictions for the admission of new participants, residual management concerns, and inspecting expiry dates for particular products are all responsibilities of the relevant authorities. Also, much research is required before the technology may be approved for complicated surgical applications. This technique is currently only appropriate for repetitive experimental activities such as lifting and carrying an egg from one location to another.

Market Segmentation:

The Global Electronic Skin Market can be segmented by Application into Cardiovascular Monitoring and Diabetes Management. Based on Region, the Electronic Skin Market is segmented into North America, Europe, Asia Pacific, Latin America And Middle East & Africa.

Below tree is interactive. You can click the nodes to get more information.

Heart rate, preload, contractility, and afterload are four interconnected variables that affect cardiac function. Individual components of heart functions become extremely difficult to define, posing two major issues. Because it entails pushing the human body's capacities, cardiovascular monitoring becomes vital for athletes running marathons over several kilometres. As a result, athletes must now track their heart function in order to better plan their runs.

North America to Continue Dominating the Electronic Skin Market

Over the predicted period, the region is expected to maintain its dominance. North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the regions in which the market is divided (MEA). In North America, the market is being boosted by a growing elderly population and a growing number of product launches. Continuous technical advancements, as well as attractive reimbursement policies, are all contributing to the region's market growth. Furthermore, the presence of big players in the industry is boosting the region's growth.

Key Players:

Some key market participants profiled in the global electronic skin market study include MC10, Physical Optics Corporation, Dialog Semiconductor, Intelesens Ltd., 3M, Koninklijke Philips N.V., Plastic Electronics GmbH, ROTEX Global, SMARTLIFEINC LIMITED, VivaLNK, Xenoma, and Xsensio.

Electronic Skin market is segmented as follows:

Parameter Details
Segments Covered

By Application

  • Cardiovascular Monitoring
  • Diabetes Management
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • MC10
  • Physical Optics Corporation
  • Dialog Semiconductor
  • Intelesens Ltd.
  • 3M
  • Koninklijke Philips N.V.
  • Plastic Electronics GmbH
  • ROTEX Global
  • SMARTLIFEINC LIMITED
  • VivaLNK
  • Xenoma
  • and Xsensio.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options

Electronic Skin market is tabulated as follows:

FAQ
Frequently Asked Question
  • The global Electronic Skin valued at USD 7631.16 Million in 2022 and is expected to reach USD 21768.52 Million in 2030 growing at a CAGR of 14.00%.

  • The prominent players in the market are MC10, Physical Optics Corporation, Dialog Semiconductor, Intelesens Ltd., 3M, Koninklijke Philips N.V., Plastic Electronics GmbH, ROTEX Global, SMARTLIFEINC LIMITED, VivaLNK, Xenoma, and Xsensio..

  • The market is project to grow at a CAGR of 14.00% between 2023 and 2030.

  • The driving factors of the Electronic Skin include

    • Increasing Research and Development Spending

  • North America was the leading regional segment of the Electronic Skin in 2022.