Electronic Skin Market

1. Electronic Skin Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global electronic skin market was valued at USD 4.5 billion in 2019. The market is projected to expand at a CAGR of 20.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to self-healing and flexibility of electronic components. Electronic skin is a thin and flexible membrane in which electronic components with sensory functions are embedded. Artificial skin technology mimics human/animal skin, due to which electronic skin responds appropriately to environmental stimuli such as changes in pressure, temperature, airflow, heat, and humidity. Electronic device housing includes the use of built-in sensors to track changes in the environment. This feature demonstrated by electronic skin technology aroused the interest of wearable devices and medical device manufacturers. Health monitoring electronic skin is expected to be widely used in various industries such as healthcare, industrial & residential robotics, and prosthetics in the next few years. Following are the advantages of electronic skin: By using tiny wires, the skin generates pulses similar to the body's nervous system. Electronic skin makes the robot sensitive. Helps the body adapt after transplantation. Advancement in medical equipment. Market Trends, Drivers, Restraints, and Opportunities

2. Demand for electronic skin is increasing, due to its benefits such as skin healing, sensitivity, and flexibility, which is a major driving force for the market. Continuous advancement of technology and increasing investment in R&D are expected to drive the market during the forecast period. Electronic skin mimics human senses, hence it is widely used in health monitoring technology. Rising awareness about electronic skin technology in the healthcare sector is estimated to drive the market during the forecast period. Rising expenditure on advanced wearable devices and increasing investment on robotics technology are expected to drive the market during the forecast period. Complex designing is expected to restrain the market growth. High costs related to maintenance and others of electric skin hampers the market growth. Material degradation is expected to restrain the market during the forecast period. Sample -https://growthmarketreports.com/request-sample/1170 Market Segment Insights Based on products, the market is divided into electric skin suit, and electronic patches. The electronic patches segment is anticipated to dominate the market during the forecast period, owing to its increasing demand. Electronic patches are used for motion sensing, temperature sensing, and self-monitoring of diabetes. On the basis of components, the market is segregated into stretchable circuits, photovoltaics system, stretchable conductors, and electro-active polymers. Stretchable conductors and stretchable circuits together hold more than half of the total sales in the electronics market. Continuous advancement of Micro Electro-mechanical Systems (MEMS) technology led to the miniaturization of electromechanical components and mechanical devices by using microfabrication technology. These advances in MEMS technology enable multifunctional semiconductors to be integrated on a single flexible substrate. Various electronic coating solutions are expected to drive the global electronic coating market during the forecast period. In terms of applications, the market is categorized into health monitoring systems, drug delivery system, cosmetics, and others. The healthcare monitoring systems segment is anticipated to dominate the market during the forecast period, as awareness about electronic skin technology is increasing. Furthermore, the threat of chronic or other diseases such as cancer, heart disease, and diabetes among ageing population is expected to increase the adoption rate of remote health monitoring systems. Based on regions, the global electronic skin market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Regions such as North America and Western Europe are expected to dominate the world market during the forecast period, due to the strong presence of electronic skin technology. The market in China is expected to show rapid

3. growth during the forecast period, due to massive investment in the research sector in the country. Inquiry-https://growthmarketreports.com/enquiry-before-buying/1170 Competitive Landscape Key market players are actively participating in research and technology development of electronic skin products. Advanced technology enables the healthcare industry to monitor the health of patients through electronic skin. These players are involved in growth strategies such as product approvals, product launches, partnerships, acquisitions, and collaborations. Key players in the global electronic skin market include MC10, Xenoma Inc., VivaLNK, Inc., CIPHER SKIN INC., Insulet Corporation, and iRhythm Technologies, Inc. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter