Electronic Skin Market Scope of Current and Future Industry 2028

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The study demonstrates the outstanding potential of the healthcare business to strengthen the applicability of electronic skin technology in the years to come, with remote healthcare monitoring taking root and micro-electronics reaching the pinnacle of technological advancements.

According to a Future Market Insights analysis, the global revenue for the electronic skin market, which is predicted to be worth over US$ 500 million, is expected to expand rapidly year over year in 2019 at a rate of 20.7%. (FMI). The electronic skin market, which is still in its early stages and is thriving as a niche sector, is expected to continue having low value and high growth.

Remote patient monitoring equipment has been one of the greatest growth variables linked to the performance of the electronic skin market and is expected to play a crucial role in instrumenting demand for electronic skin technology.

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Looking at the dramatically rising rate of chronic disease prevalence and aging population more susceptible to acquiring chronic conditions, the report opines that potential applications in healthcare will particularly benefit from the electronic skin technology development. Flexibility and ultra-thin nature are emerging as paramount attributes pushing electronic skin adoption, making it an ideal candidate for wearable medical devices.

  • Besides potential applicability in breast cancer diagnostics, the market is favoring from research on electronic skin’s usability in healthy tattoos and non-invasive wound tracking
  • Stretchable conductors and stretchable circuits hold a combined share of more than half of the total electronic skin market revenue

FMI envisions electronic skin becoming a platform technology in the healthcare industry against the backdrop of growing investments in RD for creating self-healing, pleasant monitoring systems employing electronic skin. The usage of electronic skin in healthcare currently contributes to 32% of total revenue. According to the survey, adoption of e-skin in the healthcare industry would increase income by about 20% year over year in 2019.

Key Segment

Component

  • Stretchable Circuits
  • Stretchable Conductors
  • Electr-active Polymers
  • Photovoltaics
  • Others

Application

  • Consumer Electronics
  • Automotive
  • Healthcare
  • Telecommunication
  • Retail
  • Aerospace Defense
  • Others

Key regions covered in the global electronic skin market report:

  • North America
  • Latin America
  • Europe
  • SEA and Others of APAC
  • China
  • Japan
  • Middle East and Africa
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