Electronic Skin Patches Market to Grow at a Double Digit CAGR until 2025

Increasing geriatric population, growing concern for personal health to drive global electronic skin patches market

According to TechSci Research report, “Global Electronic Skin Patches Market By Application (Cardiovascular Monitoring, Wireless Inpatient Monitoring, Diabetes Management, Iontophoresis Skin patches, Sweat Sensing), By Material (Silicon Based, Polymer Based and Others), By Type (Disposable and Reusable), By End User (Hospitals, Ambulatory Surgical Centers and Others), By Region, Forecast & Opportunities, 2025”, global electronic skin patches market is expected to witness robust growth during the forecast period. Electronic skin patches have extremely thin and resilient electronic components that are set on the body parts with the help of an adhesive. Their main purpose is to generate information and communicate via sensors and microelectronics. Growth of the geriatric population coupled with the rise in chronic diseases have boosted the market of electronic skin patches. Nowadays, more people are getting inclined towards personal health and fitness, which is contributing to the increasing demand for electronic skin patches, globally.

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Global electronic skin patches market is segmented based on application, material, type, end user, and region. The application segment is further segmented into cardiovascular monitoring, wireless inpatient monitoring, diabetes management, Iontophoresis skin patches, and sweat sensing. Among these, cardiovascular monitoring segment is expected to hold the largest market share during the forecast years due to the increasing cardiac diseases. Additionally, fast-paced daily life activities can give birth to an ample number of cardiac diseases that demand for such patches as they monitor heart rate and other vitals in the body.

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Some of the leading players in global electronic skin patches market include Quad Industries, Medtronic, MC10, Vitalconnect, Blue Spark Technologies, VivaLNK, Loreal, Proteus Digital Health, Nemaura Medical, Cardiomo, Life Signal, Lief Therapeutics, Isansys Lifecare, Xsensio, Rotex, GE Healthcare, Merck, Boston Scientific, 3M, Daiichi Sankyo, etc. The companies keep on participating in events for the launch of new products, for example, three major companies, namely, Quad Industries, Henkel and Byteflies, developed smart patches which can measure motion, heart rate, and respiration.

“North America accounted for the largest share in global electronic skin patches market in 2019 and the trend is likely to continue during the coming years as well. The largest share of the region can be attributed to surging deaths due to cardiac diseases and diabetes, increasing awareness about health monitoring, rising alcohol consumption and surging expenditure in healthcare by government and other healthcare organizations. Additionally, prevalence of regulatory bodies, such as Food And Drug Administration (FDA) in USA, can also be held responsible for the growth of the market as they introduce various plans like the Digital Health Innovation Action Plan, which expounds FDA’s methods to ensure high-quality, effective and safe digital health products to its consumers.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Electronic Skin Patches Market By Application (Cardiovascular Monitoring, Wireless Inpatient Monitoring, Diabetes Management, Iontophoresis Skin patches, Sweat Sensing), By Material (Silicon Based, Polymer Based and Others), By Type (Disposable and Reusable), By End User (Hospitals, Ambulatory Surgical Centers and Others), By Region, Forecast & Opportunities, 2025,” has evaluated the future growth potential of global electronic skin patches market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global electronic skin patches market.

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