Global Electronic Skin Market Analysis & Outlook 2030

In 2021, the global electronic skin market is estimated to be worth USD 5 billion, and it is expected to grow at a compound annual growth rate (CAGR) of 22% from 2022 to 2030. The expansion of the use of electronic skin benefits from its advantages, such as self-healing and flexibility is an important determinant. Since artificial skin imitates human perception, it has a wide range of applications in health monitoring technology. The sensitivity and flexibility of human skin are some of the main factors that distinguish it from other wearable devices. More and more product releases and rapid FDA approvals are also driving market growth.

For example, in May 2018, MC10, Incs BioStamp nPoint system was approved by the FDA. In addition, technological progress in the field of electronic skin has also promoted the development of the market. Portable electronic devices with skin-like characteristics provide a platform for continuous real-time monitoring of human body temperature, pressure tissue, electrolyte balance, skin and other physiological signals. -Related diseases. Biomarkers and body movement. The market is expected to see many innovations such as self-healing electronic skin, lightning electronic skin, and sweat electronic skin.

The continuous increase in research and development in the field of artificial skin has also promoted the growth of the market. Researchers in South Korea have developed a multi-tasking skin that can function like human skin and can detect temperature, pressure and sound at the same time. Scientists continue to conduct research activities to imitate smell, taste and touch. In addition, the use of electronic skin in artificial prostheses, biomedicine and robotics equipment has also opened up new avenues for the market. application. The increasing popularity of electronic skin in a wide range of applications such as cardiovascular, diabetes, abnormality detection and pregnancy is further developing electronic skin technology. Many ongoing studies are focused on studying these technologies, especially combined technologies.

Product information:

Electronic skin stickers dominate the market, accounting for 90% of revenue in 2020. Electronic skin patches include actuators, sensors with appropriate processing, communication, and energy storage. Due to the use of electronic skin patches in various personal care applications, they are making progress. This technology keeps patients away from the hospital while maintaining close contact with doctors. These electronic patches are used for diabetes self-monitoring, motion detection, remote patient monitoring (inpatient and outpatient), and temperature sensing. It is expected that the electronic suit segment market will grow at the fastest rate during the forecast period. Electronic textiles are products that involve textiles and electronic components. Humans have been in contact with textiles, and it is an excellent interface for connecting sensors to the body. If their actions are based on body temperature and pressure feedback, then the electronic suit is a very convenient and effective patient monitoring solution. In addition, the electronic skin suit market is now shifting to sports and healthcare.

Component insight:

Stretching circuits dominate the market and accounted for 33% of revenue share in 2020. Stretchable circuits provide a new platform for interaction with soft tissues for regenerative medicine, continuous health monitoring, and robotic control and feedback. In addition, these expandable circuits allow the measurement of various biological signals in human skin without restricting daily activities. Due to their biocompatibility, electroactive polymers (EAP) also occupy an important market share. EAP is a polymer whose size changes with the applied electric field. These electroactive polymers have high reversible ion storage capacity and conductivity. They are a special class of materials that have the ability to adapt to the surface in different ways, and have a low modulus and high deformability.

These functions are becoming more and more popular in various wearable sensor applications and interactions with soft tissues. Sensor insight: Electrophysiological sensors dominate the market, accounting for approximately 43% of revenue share in 2020. This is due to every use. One of the largest of these sensors is a variety of healthcare applications, such as restorative therapy, chronic disease, and physiological monitoring. In addition, due to the increasing aging of the population, the market segment has a high adoption rate. This sensor provides a great help to the aging population that requires frequent medical interventions through telemedicine, telemedicine and family health monitoring.

It is expected that during the forecast period, the touch sensor segment will grow at an exponential growth rate. The key driver of this market segment is the high adoption rate of this technology in the areas of robotic operation, human-machine interface, and physiological monitoring. It is expected that technological progress and innovation in the field of handheld devices using touch sensors will drive the growth of this segment. However, research on flexible touch sensors with wide detection range, high sensitivity and 3D force detection capabilities continues to challenge the market. Application outlook: The health monitoring segment will dominate the market in 2020, accounting for 40% of revenue. This is due to its high usage rate in various healthcare applications such as diabetes, cardiology, and neurology. In addition, the easy-to-use feature of the technology allows patients to self-apply the patch to test muscle, heart, and brain activity.

Regional information:

North America will dominate the market in 2020, with a revenue share of 40%. The region is expected to maintain its dominant position during the forecast period. From a regional perspective, the market is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA). More and more elderly population and more and more product launches are driving the development of the North American market. Continuous technological advancement and preferential refund policies have also promoted market growth in the region. In addition, the presence of major industry players has further contributed to the growth of the region. In the Asia-Pacific region, the market may experience the fastest growth rate during the forecast period. The increase in the elderly population and the increase in the number of diabetic patients are the main factors driving market growth. According to the American Diabetes Association, more than 60% of diabetic patients live in Asia. In addition, the rapid increase in population aging has also increased the market demand for electronic skins. According to UNFPA, by 2050, a quarter of the population in the Asia-Pacific region will be over 60 years old.

Major companies and market share prospects and major players are focusing on product miniaturization and continuous technological development. Major industry players are investing in research and development activities and continuously innovating their products. For example, in October 2018, ViVaLNK and Reckitt Benkiser announced a partnership to distribute portable continuous temperature monitors worldwide. Parents use Nurofen FeverSmart and Enfasmart FeverSense products to track changes in their childrens body temperature and take immediate action. These products have passed CE certification and FDA approval.

They are electronic skin patches that can continuously monitor changes in body temperature. The goal of industry participants is electronic skin patches in a variety of applications, including artificial prostheses, biomedicine, instrumentation, industrial robots, and humanoid robots. Due to its very special characteristics, these players use a holistic approach to target electronic skins. In addition, companies are focusing on the implementation of artificial intelligence and machine learning in the development of electronic skin. Some of the major players in the electronic skin market include: MC10XenomaVivaLNKGENTAG, IncDIALOG Semiconductor Bloomlife.

Market segments covered by the report:

The report forecasts global, regional and national revenue growth, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research will report on the global electronic skin market based on products, components, sensors, applications, and regions: Product Outlook (Revenue, Million Dollars, 2022-2030) Electronic Skin Package Electronic Patch Outlook Components (Revenue , Millions of dollars, 2022-2030) expandable circuit photovoltaic system expandable conductor electroactive polymer prospect sensor (revenue, millions of dollars, 2022-2030) touch sensor chemistry department electrophysiological sensor other application prospects (income, millions of dollars , 2022-2030) System health monitoring, drug management system, cosmetics.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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