Electronic Skin Patch Market Share, Size, Trends, Industry Analysis Report, By Type (Monitoring & Diagnostic, Therapeutic); By Wireless Connectivity (Connected, Non-connected); By Application, By End-Use; By Region; Segment Forecast, 2024- 2032
- Published Date:Jun-2024
- Pages: 120
- Format: PDF
- Report ID: PM4976
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Electronic Skin Patch Market size was valued at USD 12.83 billion in 2023. The market is anticipated to grow from USD 14.45 billion in 2024 to USD 38.38 billion by 2032, exhibiting the CAGR of 13.0% during the forecast period.
Electronic Skin Patch Market Overview
The electronic skin patch market is witnessing growth in recent years as e-skin, a bionic electronic technology that replicates the perception of human skin and enables sensitive detection and response to changes in the external environment. The potential of E-skin devices in healthcare is remarkable, as they can be utilized in health monitoring devices, bionic prosthetics, and intelligent drug delivery systems, enhancing the durability of electronic products. To further advance E-skin devices, it is crucial to develop new materials that possess skin-like characteristics, sensor units with groundbreaking principles and exceptional performance in key parameters, as well as multiplexing functions and system integration. In addition to their fundamental sensing capabilities, E-skin also requires more intelligent features to expand its practical applications.
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In May 2022, Amorepacific and MIT have collaborated to create a wireless wearable electronic skin that does not require chips or batteries. This innovative e-skin is designed to be sweat-proof and can effectively monitor changes in the skin over extended periods of time. It is equipped with power-efficient wireless communication modules and highly sensitive sensors, ensuring long-term wearability and accurate data collection.
The COVID-19 pandemic has had a substantial effect on various industries, but the demand and implementation of products for remote patient monitoring experienced a notable surge, as remote monitoring options proved to be highly advantageous in managing a highly contagious illness. Furthermore, prominent medical device companies have acquired top skin patch companies, aiming to incorporate them into broader digital healthcare ecosystems.
By incorporating wireless data transmission, E-skin can acquire portable and smartphone-compatible functions, eliminating the need for complex devices and technologies like near-field communication. Other significant functions, such as self-repair, self-power, self-cleaning, and dynamic drug delivery, can also be employed in the healthcare field. E-skin is a rapidly advancing area of research by involving utilization of E-skin for continuous real-time monitoring and enabling the measurement of tissue pressure, body movements, temperature, metabolites, electrolyte balance, and disease-related biomarkers.
Electronic Skin Patch Market Dynamics
Market Drivers
Rising Integration of Technologies like AI and ML
The rising integration of technologies such as AI has the capability to identify materials that enhance the therapeutically value of the drugs, also it can aid in the selection and optimization of fabrication methods based on the properties of the materials. Machine learning can contribute to quality control during large-scale fabrication and optimize the design of electronic skin (e-skin). Machine learning can also enhance the sensitivity and specificity of e-skin sensors to detect specific biomarkers. By utilizing AI-powered e-skins, it becomes possible to monitor stress hormone levels in real-time, enabling the prediction of mental health issues. Moreover, AI-powered multimodal e-skins have the potential to analyze risk associations and forecast mental health outcomes by identifying previously unnoticed connections between health patterns and stress risk factors.
Rising Demand for Remote Health Monitoring Solutions
There is a rising demand for remote healthcare monitoring solutions to facilitate remote and continuous monitoring of a patient's health status. When securely connected to the sensing electronics, they measure various parameters like respiration, cardiac function, brain activity, and more. They offer multi-layer disposable patches with built-in electrodes that cater to a diverse array of applications, ranging from ECG, EEG, and EMG monitoring to skin conductivity (GSR) measurement and even electrostimulation. The ability to offer remote monitoring to the patients and access of the real time data to health professionals is driving the growth of this market.
Market Restraints
Concerns Regarding the Privacy and Security of Data
Concerns regarding data security and privacy present a significant challenge to its widespread adoption. These patches gather sensitive health data, emphasizing the need for robust security measures. Electronic skin patches collect a variety of personal health information, including heart rate, blood sugar levels, and brain activity. This data can disclose intimate details about an individual's health. Therefore, it is crucial to ensure the secure storage and transmission of this data to prevent cybercriminals from exploiting vulnerabilities.
Report Segmentation
The Electronic Skin Patch Market is primarily segmented based on type, wireless connectivity, application, end-use, and region.
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By Wireless Connectivity |
By Application |
By End-Use |
By Region |
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Electronic Skin Patch Market Segmental Analysis
By Type Analysis
The monitoring & diagnostic segment dominated the market with largest revenue share, attributable to its ability to sense, measure, and monitor various biochemical (such as glucose, lactate, conductivity) and physiological parameters (such as blood pressure, heart rate) with the help of wearable electronic skin patches that are designed to be disposable and used only once. These patches can be utilized to monitor different parameters while engaging in sports activities or for the management and observation of various medical conditions.
The therapeutic segment is projected to grow at a CAGR during the projected period, mainly driven by its significant therapeutic benefits to patients. They come in various forms that utilize permeation enhancers like onophoresis, electroporation, and iontophoresis to improve the absorption of drugs through the skin. Synthetic polymers are frequently employed due to their physical structure, long shelf life, and easy availability. These polymers are extensively used in the production of patches and other flexible electronic devices because of their chemical inertness, stability across a wide temperature range, transparency, and adjustable mechanical properties.
By Wireless Connectivity Analysis
The connected segment accounted for the largest market share and is anticipated to grow with the fastest CAGR to retain its market position throughout the forecast period mainly due to the integration of wireless electronics with the skin which allows seamless connectivity, revolutionizing continuous monitoring and real-time data collection. By incorporating various sensors capable of monitoring physiological parameters like glucose levels, heart rhythm, blood pressure, and more, the electronic skin offers a unique sensory experience in applications such as virtual reality therapy. Furthermore, the inclusion of wireless communication technologies like Bluetooth enables effortless data transfer between the electronic skin and external devices. This facilitates real-time data transmission for continuous monitoring and timely intervention in healthcare applications. To ensure efficient energy usage, the electronic skin implements energy-efficient systems by including energy harvesting from the body's own processes. The electronic skin patch also incorporates sophisticated algorithms along with artificial intelligence and machine learning for processing and analysing the data collected by the sensors, enhancing its capabilities.
By Application Analysis
The diabetes management segment dominated the market mainly due to its ability to provide minimally invasive approach for monitoring blood glucose levels. These patches have the capability to administer insulin or metformin, a commonly prescribed medication for diabetes management, through sensors that can detect humidity, glucose levels, pH, and temperature. The inclusion of an enzyme-based glucose sensor in these patches takes into consideration the pH and temperature factors, thereby enhancing the precision of glucose measurements obtained from sweat. This being a closed-loop epidermal system that has both monitoring and the non-invasive delivery of diabetes drugs is driving the growth of the market.
The cardiovascular monitoring segment is anticipated to grow with the highest CAGR over the forecast period owing to its personalized and tailored healthcare, allowing patients to operate them. These electronic skin patches allow for continuous, real-time monitoring of vital signs such as blood pressure, electrocardiogram, echocardiogram, and direct epicardium monitoring. This monitoring offers clinically relevant indicators for preventive healthcare and disease diagnosis. Among the symptoms of cardiovascular diseases, high blood pressure (BP) has been found to be the most common indicator. By utilizing electronic skin patches equipped with pressure and strain sensors, placed directly on the skin near the artery, it becomes possible to measure arterial pulse through the local vibration of the radial or carotid artery.
Electronic Skin Patch Market Regional Insights
The North America Region Dominated the Global Market with the Largest Market Share
The North America region dominated the market with largest market share and its growth can largely be attributed to the point-of-care technology, which allows for convenient and immediate healthcare services. Additionally, the region's market expansion is supported by increased healthcare spending and a growing geriatric population. Furthermore, the rising prevalence of lifestyle-associated and chronic diseases, such as cardiovascular disorders and diabetes, plays a crucial role in driving the market growth. There is also a growing awareness about the importance of early diagnosis in individuals with chronic conditions and lifestyle-associated diseases are increasingly interested in monitoring their health. This inclination towards personal fitness and health further boosts the demand for electronic skin patches in North American region.
The Asia Pacific region is expected to be the fastest growing region with a healthy CAGR during the projected period, owing to surge in the demand for electronic skin patches for home care treatments. As the elderly population is more prone to chronic illnesses, this demographic shift is expected to contribute to an increase in patient numbers, thereby driving the adoption of electronic skin patches.
Electronic Skin Patch Market Competitive Landscape
The electronic skin patch market is fragmented and is anticipated to witness competition due to several players' presence. Major key players in the market are constantly upgrading their technologies by spending huge amounts in continuous research and development efforts ensuring patient safety, efficiency and therapeutically value of the electronic skin patches to meet the demands from healthcare professionals as well as patients and provide accurate results to stay ahead of the competition. These players focus on integration of advanced technology, product upgrades, and partnerships to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market include:
- Abbott
- Active Environmental Solutions
- Biolinq Incorporated
- Boston Scientific Corporation
- Dexcom, Inc.
- Insulet Corporation
- Koninklijke Philips N.V.
- Medtronic
- Senseonics Ltd.
- The Surgical Company
Electronic Skin Patch Market Recent Developments
- In September 2023, The American Faethm design studio created the 3M Psoriasis Prescription Patch, lightweight patch- a cutting-edge skin wearable that is specifically engineered to provide accurate pharmaceutical dosages to the skin's surface to ensure optimal results and customize the wearable film to perfectly complement the drug's chemistry to make it a patient-centric solution.
- In January 2023, Researchers at the Terasaki Institute for Biomedical Innovation (TIBI) have created an innovative electronic skin (E-skin) patch for enhanced healthcare monitoring which enables simultaneous and continuous monitoring of various bodily parameters, along with temperature-moisture regulation and breathability.
Report Coverage
The electronic skin patch market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, type, wireless connectivity, application, end-use, and their futuristic growth opportunities.
Electronic Skin Patch Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 14.45 billion |
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Revenue forecast in 2032 |
USD 38.38 billion |
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CAGR |
13.0% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Type, By Wireless Connectivity, By Application, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
FAQ's
Electronic Skin Patch Market report covering key segments are type, wireless connectivity, application, end-use, and region.
Electronic Skin Patch Market Size Worth $ 38.38 Billion By 2032
Electronic Skin Patch Market exhibiting the CAGR of 13.0% during the forecast period
North America is leading the global market
The key driving factors in Electronic Skin Patch Market are Rising Demand for Remote Health Monitoring Solutions
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