Home > Healthcare > Analytical Instruments > Electronic Skin Market

Electronic Skin Market Trends

Report ID: GMI3255
Published Date: Mar 2020
Report Format: PDF

Download Free Sample

Electronic Skin Market Trends

The growing demand and the acceptance of electronic skin due to its potential benefits will propel the industry growth. Electronic skin and skin patches are being utilized for a wide array of application such as monitoring diabetes, cardiovascular disorders, pregnancy, detecting abnormalities in the brain and others. In addition, the increasing demand of electronic skin components in the wearable electronics is also expected to boost the demand of the electronic skin market.

Also, increase in funding by various companies for developing technologically advanced electronic skin products has also supplemented the market growth. For instance, in 2013 MC10 received a funding of around $8 million for the development of flexible health sensors. Medtronic also had funded MC10 in 2012 with $10 million for developing nearly invisible and conformal electronics. Thus, such increase in funding and investments by many companies will also propel the market growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of electronic skin exceeded USD 6 Billion in 2019.

The industry share of electronic skin is predicted to grow at over 14.4% CAGR from 2020 to 2026.

North America market is expected to grow at a higher growth rate throughout the forecast period and is projected to exceed USD 6 billion by 2026.

Some of the prominent market players include MC10, Xsensio, Rotex Inc., Renew Health Limited (Intelesens ltd.), Xenoma Inc., VivaLnK, Inc., Chrono Therapeutics, iRhythm, Holst Centre, Byteflies & Quad Industries, Bloomlife, Dexcom, Insulet Corporation, Feeligreen, Gentag and Abbott Laboratories.

According to this research report by GMI, the health monitoring segment dominated the global market in 2019 and is expected to grow at a CAGR of 14.6% through 2026.