According to a new report, published by KBV research, The Global Electronic Skin Market size is expected to reach $22.3 billion by 2030, rising at a market growth of 22.9% CAGR during the forecast period.
The Electrophysiological Sensors segment is leading the Global Electronic Skin Market by Sensors in 2022; thereby, achieving a market value of $8.7 billion by 2030. This is due to the growing number of healthcare applications using these sensors, including rehabilitation therapy, chronic disease management, and physiological monitoring. Furthermore, the industry is seeing an increased rate of adoption as a result of the aging population. With regular medical interventions through telemedicine, telehealth, and home health monitoring, this sensor is a significant help to the elderly population.
The Drug Delivery Systems segment is exhibiting a CAGR of 23.3% during (2023 - 2030). The non-invasive, real-time dynamic therapeutic function of the segment is principally responsible for its rapid rise. In addition to using muscle activity and recorded data patterns, these electronic skins may store data and dispense medication through the skin. Wearable sweat sensors are an excellent tool for continuous and real-time drug monitoring for anti-doping efforts and precision medicine. Drug analysis is frequently used in chemotherapy and drug abuse tests.
The Stretchable Circuits segment acquired the highest revenue in the Global Electronic Skin Market by Component in 2022; thereby, achieving a market value of $7.1 billion by 2030. A cutting-edge platform for regenerative medicine, continuous health monitoring, as well as robotic control and feedback can be provided via stretchable circuits. These stretchable circuits also make it possible to assess different biosignals on human skin without interfering with daily activities. Their increasing use in soft robotics and prosthetics is advancing the expansion of the segment.
The Electronic Skin Suits segment is experiencing a CAGR of 24.5% during (2023 - 2030). Products that combine electronic and textile components are known as electronic skin suits. As a result of constant human interaction with textiles, they serve as a great interface for attaching sensors to the body. If the action of electronic suits is based on input from the body's temperature and pressure, they are a very practical and efficient solution for patient monitoring. The demand for electronic skin suits is also shifting from the healthcare sector to sports. Such factors are propelling the growth of the segment.
The North America region dominated the Global Electronic Skin Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.4 billion by 2030. The Asia Pacific region is poised to grow at a CAGR of 23.7% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 22.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/electronic-skin-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Medidata Solutions, Inc. (Dassault Systems SE), Xsensio S.A., Xenoma Inc., VivaLNK, Inc., iRhythm Technologies, Inc., Renesas Electronics Corporation, QUAD Belgium nv/sa, Koninklijke Philips N.V., and ROTEX
By Sensors
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By Geography
Companies Profiled
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