Electronic Skin Patches Market by Application, End-use

Description

List of Tables

[189 Pages Report] The Electronic Skin Patches Market size was estimated at USD 5.99 billion in 2023 and expected to reach USD 6.55 billion in 2024, at a CAGR 9.78% to reach USD 11.52 billion by 2030.

Electronic skin patches are innovative, wearable devices that adhere to the skin's surface to monitor, diagnose, and sometimes treat various health conditions by measuring physiological parameters. These thin, flexible patches have electronic components such as sensors, actuators, and connectivity modules. This enables the continuous collection and transmission of biomedical information to healthcare providers or the users' mobile devices. By offering a non-invasive, user-friendly approach to health monitoring, electronic skin patches represent a significant advancement in personalized medicine and remote patient monitoring. However, scaling the production of electronic skin patches involves technical and logistical complexities. The specialized materials and intricate designs often result in high manufacturing costs and difficulty ensuring consistent quality. Moreover, breakthroughs in materials science, flexible electronics, and biomedical engineering have enabled the development of skin patches that are more comfortable, durable, and capable of performing a wider range of functions than ever before. These advancements have made it feasible to integrate sophisticated sensors and drug delivery systems into thin, flexible formats that adhere comfortably to the skin.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.99 billion
Estimated Year [2024]	USD 6.55 billion
Forecast Year [2030]	USD 11.52 billion
CAGR (%)	9.78%

Application: Increasing uses of electronic skin patches for heart rate and sweat composition monitoring

Electronic skin patches epitomize the forefront of wearable technology, melding state-of-the-art flexible electronics with non-intrusive capabilities to redefine monitoring and therapeutic practices across diverse domains. These devices, synonymous with innovation, extend their utility from fitness and wellness to comprehensive health surveillance and advanced medical interventions. In fitness realms, they are transformative, enabling precise tracking of vital metrics such as heart rate and sweat composition, thereby empowering users to enhance their physical performance and well-being through real-time insights. While in health monitoring, electronic skin patches are indispensable for their ability to continuously track physiological states, facilitating early detection of health anomalies and supporting remote patient monitoring. This elevates patient care and reduces the necessity for conventional hospital visits. Moreover, their application in medical treatments as vehicles for non-invasive, controlled drug delivery exemplifies a leap towards optimizing medication efficacy and patient adherence, underscoring their potential to revolutionize healthcare and therapeutic methodologies.

End-use: Adoption of electronic skin patches in home care settings to enhance patients' physical performance and well-being

Home care settings are increasingly adopting electronic skin patches for convenience and the ability to monitor patients continuously without hospital stays, reducing healthcare costs significantly. This segment benefits from technological advancements that have led to more user-friendly, non-invasive, and efficient monitoring patches, enhancing patient compliance and comfort. On the other hand, hospitals are crucial adopters of these innovative devices, utilizing them for myriad applications, including post-operative care and continuous monitoring. Utilizing electronic skin patches in hospitals facilitates real-time health monitoring, expedites patient recovery by enabling early discharge, and optimizes healthcare delivery by reducing the burden on medical staff.

Regional Insights

The American region, particularly the United States, represents a significant market for electronic skin patches due to high healthcare expenditure, substantial investments in research and development, and a strong presence of leading technology firms. Consumer needs in America are largely driven by chronic disease management, elderly care, and fitness monitoring, promoting the adoption of smart health devices. On the other hand, EMEA shows a high demand for electronic skin patches, attributed to an aging population, increased healthcare spending, and a strong inclination towards health and wellness. Countries such as Germany, France, and the United Kingdom are significant in market adoption, driven by consumer awareness and a sophisticated healthcare landscape. Regulatory support and funding for research are pivotal in fostering innovation within the region. Moreover, the Asia Pacific region represents a diverse and rapidly growing market for electronic skin patches. Countries including China, Japan, and India are at the forefront, each with unique market dynamics. China's market is driven by massive investments in healthcare technology and a strong manufacturing base. Japan, known for its technological advancement and aging population, has a high demand for health monitoring devices.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electronic Skin Patches Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electronic Skin Patches Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electronic Skin Patches Market, highlighting leading vendors and their innovative profiles. These include 2M Engineering, 3M Company, Beneli Group AB, Boyd Corporation, Covestro AG, Feeligreen, G-Tech Medical, Gentag, Inc., Harro Hofliger Verpackungsmaschinen GmbH, In2tec Technology, L'Oreal S.A., MC10, Inc., Molex by Koch Industries, Inc, Murata Manufacturing Co., Ltd., Nemaura Medical, Nitto Denko Corporation, PolarSeal, Quad Industries, Resonetics, Sparsha Pharma International Pvt. Ltd., Tapecon, Inc., The Surgical Company, and VitalConnect.

Market Segmentation & Coverage

This research report categorizes the Electronic Skin Patches Market to forecast the revenues and analyze trends in each of the following sub-markets:

Application
- Fitness & Wellness
- Health Monitoring
- Medical Treatment

End-use
- Home Care Settings
- Hospital

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electronic Skin Patches Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electronic Skin Patches Market?

3. What are the technology trends and regulatory frameworks in the Electronic Skin Patches Market?

4. What is the market share of the leading vendors in the Electronic Skin Patches Market?

5. Which modes and strategic moves are suitable for entering the Electronic Skin Patches Market?

Product Code: MRR-F97DD5A7D724

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing Skin health awareness and demand for wearable monitoring devices
  - 5.1.1.2. Global increase in the aging population and the prevalence of chronic diseases
  - 5.1.1.3. Rising acceptance of telehealth and remote patient monitoring
- 5.1.2. Restraints
  - 5.1.2.1. Relatively high cost associated with the advanced electronic skin patches
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced technology in electronic skin patches
  - 5.1.3.2. Innovation of bio-based and sustainable electronic skin patches
- 5.1.4. Challenges
  - 5.1.4.1. Complexities associated with the intricate designs and manufacturing process
5.2. Market Segmentation Analysis
- 5.2.1. Application: Increasing uses of electronic skin patches for heart rate and sweat composition monitoring
- 5.2.2. End-use: Adoption of electronic skin patches in home care settings to enhance patients' physical performance and well-being
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Electronic Skin Patches Market, by Application

6.1. Introduction
6.2. Fitness & Wellness
6.3. Health Monitoring
6.4. Medical Treatment

7. Electronic Skin Patches Market, by End-use

7.1. Introduction
7.2. Home Care Settings
7.3. Hospital

8. Americas Electronic Skin Patches Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Electronic Skin Patches Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Electronic Skin Patches Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. X-trodes Receives FDA 510(k) Clearance for Wearable "Skin" Solution that Brings Medical-Grade Electrophysiological Monitoring to the Home
- 11.3.2. VTT Develops Sustainable, Biodegradable ECG Patch
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio