Global Electronic Skin Market Report and Forecast 2024-2032

Global Electronic Skin Market Outlook

The global electronic skin market size reached a value of approximately USD 9.17 billion in 2023. The market is further expected to grow at a CAGR of 19.50% between 2024 and 2032, reaching a value of USD 45.69 billion by 2032

Key Trends in the Market

Electronic skin refers to self-healing, stretchable, and flexible electronics that mimic the functioning of animal or human skin. These materials have sensing abilities and are able to reproduce the capabilities of human skin and respond to environmental factors such as pressure and heat.

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• The key electronic skin market trends include technological advancements such as development of materials with advanced stretchability and flexibility. Development of remarkably thin encapsulation layers and substrates allow the electronic skin to conform to the surface layer of the body of the user.

• Integration of electronic skin with sensors is another crucial trend propelling the growth of the market. The sensors aid in detection of external stimuli such as temperature, pressure, and humidity, and allow real-time collection of data, enhancing the applications of electronic skin.

Global Electronic Skin Market Analysis

On the basis of product, the market is bifurcated into electronic skin suits and electronic patches. Based on component, the market is divided into stretchable circuits, photovoltaic systems, stretchable conductors, and electroactive polymers. On the basis of sensors, the electronic skin market segmentation is tactile sensors, chemical sensors, and electrophysiological sensors, among others. Based on application, the market is segregated into health monitoring systems and drug delivery systems, among others. On the basis of region, the market is categorised into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global electronic skin global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Xsensio

• Xenoma Inc.

• VivaLNK, Inc.

• Holst Centre

• Quad Industries

• GENTAG, Inc.

• iRhythm Technologies, Inc.

• Others

Global Electronic Skin Market Share by Product

Electronic patches are anticipated to account for a major share of the market for electronic skin by product, over the forecast period. This is due to the wide range of applications supported by them, including drug and cometic delivery, temperature sensing, motion and position sensing, smart wound care, vital signs monitoring, and new-born monitoring, among others. Additionally, the reliability and convenience offered by electronic skin patches aid in remote monitoring of outpatient and inpatient cases, increasing their demand further.

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Global Electronic Skin Market Share by Region

The North America region is projected to witness significant growth in the market for electronic skin in the upcoming years. This growth can be attributed to the presence of various key players in the region along with increasing research and development activities in the healthcare industry and by research institutions. Furthermore, increasing investments to enhance the functionality of electronic skin, adoption of emerging technologies, and growing emphasis on innovation are propelling the electronic skin market growth in North America.

Competitive Landscape

Xsensio is a digital health company that was founded in 2014 and is headquartered in Vaud, Switzerland. This company is known for designing next generation variables and specialise in preventive health, nanotechnology, and digital health.

VivaLNK, Inc. was established in 2014 and is based in California in the United States. It is a biometric data platform with data analytics and advanced medical wearables that is accelerating the implementation of remote patient monitoring.

Holst Centre was founded in 2005 and is headquartered in Eindhoven in the Netherlands. This company is known for specialising in wireless sensor technology, wearable health solutions, flexible electronics, and intuitive Internet of Things solutions, among others.

Other market players include Xenoma Inc., Quad Industries, GENTAG, Inc., and iRhythm Technologies, Inc., among others.

Key Highlights of the Report

Electronic Skin Market Report Snapshots

Electronic Skin Market Size

Electronic Skin Market Analysis

Electronic Skin Market Share

Electronic Skin Companies