PREBOOK THIS REPORT - SAVE 10%

Electronic Skin Patches Market - Global Outlook & Forecast 2022-2027

TO BE PUBLISHED : Dec 2022 | Pages : 261

THE GLOBAL ELECTRONIC SKIN PATCHES MARKET SIZE WAS VALUED AT USD 9.57 BILLION IN 2021 AND IS EXPECTED TO REACH USD 28.82 BILLION BY 2027, GROWING AT A CAGR OF 20.17%.

The Global Electronic Skin Patches Market Share, Size, & Trends Analysis Report by

  • Distribution: Diabetes Management, General Patient Monitoring, Cardiovascular Monitoring, and Others
  • Application: Home Care Settings, Hospitals, Physician Offices & Specialty Clinics, and Others
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2027

Prebook Tag
Licence Types What are these?
10 % OFF

Save 10% on this report.
Discount already applied

GET ACTIONABLE INSIGHTS ON HOW COVID-19 IS IMPACTING YOUR BUSINESS
Enquire Now Download Free Sample

Most Exhaustive Report

icon-pages

261 Pages

icon-table

91 Tables

icon-chart

118 Charts

icon-region

5 Regions

icon-country

18 Countries

icon-company

46 Companies

icon-market

3 Market Segment

ELECTRONIC SKIN PATCHES MARKET REPORT SCOPE

Report Attribute Details
Market Size (2027) USD 28.82 Billion
Market Size (2021) USD 9.57 Billion
CAGR (2022-2027) 20.17%
Base Year 2021
Forecast Year 2022-2027
Market Segments Distribution, Application, and Geography
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERS Abbott, Dexcom, General Electric Company, Koninklijke Philips N.V.

MARKET INSIGHTS

The global electronic skin patches market is expected to reach USD 28.82 billion by 2027, from USD 9.57 billion in 2021, growing with a CAGR of 20.17% from 2021 to 2027. The significant factors contributing to the growth of the electronic skin patches market include the rise in the need for continuous monitoring of physiological parameters, growing penetration of wearable devices and mobile platforms for healthcare monitoring, development of innovative skin patches, high demand for remote patient monitoring, an emerging trend of digital tattoos, presence of supporting initiatives and reimbursement policies, and a growing number of start-ups developing electronic skin patches.

Electronic skin patches anchor a device on the patient's or user's skin to achieve a specific function. These patches are attached to a user's skin and incorporated with sensors, actuators, processors, and communication technology, which allow the device to connect to the internet and turn it smart. Several significant application areas are now profoundly impacting health and quality of life. In particular, cardiovascular monitoring and diabetes management has been growing exponentially to create billions of annual revenues.

Electronic skin patches are one of the latest waves in health monitoring; their non-intrusive design means they are comfortable and discrete. These patches include sweat, axillary temperature, motion, biopotential (TENS, EMS) patches, and devices across various sectors and product categories. In cardiovascular monitoring, these devices range from traditional ECG options and monitoring devices for inpatients and outpatients to specific products such as Holter monitors, mobile cardiac telemetry devices, and other event monitors.

MARKET TRENDS & OPPORTUNITIES

Growing Number of Start-ups and Rise in the Development of Innovative Skin Patches
With the growing demand for technological innovations in the healthcare field, several start-ups are emerging to stay ahead of the technology curve to strengthen their competitive advantage in the electronic skin patches market. A few interesting start-ups and universities are working to bring advanced electronic skin sensor patches into the market. For instance, XSENSIO SA has developed next-generation wearable devices to track biochemical information on the wearer's skin surface. Scientists at the Georgia Institute of Technology have developed wireless wearable devices for measuring heart rate, electrocardiogram, respiratory rate, and motion activity. Some scientists have also developed a flexible, wearable patch detecting blood-alcohol levels from the user's sweat.

High Need for Constant Physiological Monitoring and Treatment for Hospitalized Patients
The growing burden of acute or chronic conditions has increased the need for continuous monitoring of both inpatients and outpatients. The major causes of death worldwide are due to heart diseases, cancers, diabetes, chronic lower respiratory syndrome, stroke, cerebrovascular diseases, viral infections, and others. Cardiovascular diseases are one of the leading causes of death worldwide, taking around 17.9 million lives each year. This increased the number of patients needing to constantly monitor heart rate, pulse rate, electrocardiogram, and other parameters related to the heart. The electronic skin patches market has emerged to monitor such physiological parameters for heart-related diseases and various other conditions.

Remote Patient Monitoring Driving the Adoption of Electronic Skin Patches
Remote patient monitoring uses innovative technology tools to collect and track patient data outside standard medical settings. With an increase in the prevalence of various diseases, many healthcare providers are shifting to implementing remote patient monitoring, especially in conditions such as elderly patients, pandemics, and others. The adoption of remote patient monitoring is increasing the use of electronic skin patches to transfer patient information directly to the healthcare provider or enter into the electronic medical records boosting the electronic skin patches market. Cardiology was one of the first therapy areas to introduce remote patient monitoring into standard practice. This sector streamlines doctor-hospital visits by remotely switching monitors between compact cardiac monitoring devices during the monitoring period.

Increase in Adoption of Healthcare Applications & Smart Wearables
Many users are increasingly adopting connected wearable medical devices due to their various advantages, such as continuous monitoring, prediction of health problems and providing alerts, a collection of detailed real-time longitudinal data, and helping educate and empower patients to take control of their health. These devices are being incorporated and connected to electronic skin patches, providing ease of use, and contributing to the growth of the global electronic skin patch market. Software applications in mobiles or smart watches are associated with these patches to send data directly and help monitor the users’ health.


SEGMENTATION
ANALYSIS

INSIGHTS BY APPLICATION
The global electronic skin patches market based on applications includes diabetes management, general patient monitoring, cardiovascular monitoring, and others. Diabetes management accounts for the highest share of 43.51% and is estimated to reach USD 18.10 billion by 2027 in the global market.

  • Diabetes Management: This includes electronic skin patches used to manage diabetes with continuous glucose monitoring and insulin pumps.
  • General Patient Monitoring: This includes electronic skin patches used to monitor various physiological parameters and majorly vitals such as temperature, heart rate, pulse rate, and respiratory rate.
  • Cardiovascular Monitoring: This includes electronic skin patches used in monitoring the activity of the heart by ECG, EKG, Holter monitoring, mobile cardiac telemetry, and ambulatory cardiac monitoring.
  • Others: This includes electronic skin patches used for various purposes such as cosmetics, sports, fitness & wellness, wound care, electrical stimulation, imaging, fetal monitoring, sleep tracking, stress, and pharmaceuticals.

INSIGHTS BY END-USER
Based on the end-user, the global electronic skin patches market includes home care settings, hospitals, physician offices & specialty clinics, and others. In 2021, home care settings accounted for the global market's highest share of 42.80%.

  • Home Care Settings: This includes home care providers and individuals using electronic skin patches to monitor and treat various conditions.
  • Hospitals: This includes hospitals that use electronic skin patches for monitoring and treating various conditions.
  • Physician Offices & Specialty Clinics: This includes physician offices & specialty clinics, diagnostic centers, sleep labs & clinics, and physiotherapy & rehabilitation centers that use electronic skin patches for monitoring and treating various conditions.
  • Others: This includes cosmetic clinics, sports, health and wellness centers, pharma & biotech companies, ambulatory surgical centers, and academic & research institutes that use electronic skin patches for monitoring and treating various conditions.

GEOGRAPHICAL OVERVIEW

North America accounts for the highest share of 47.59% in the global electronic skin patches market. North America is the major revenue contributor in the global market due to various factors involved in its growth that including the rising prevalence of cardiac disorders and diabetes, the presence of advanced healthcare infrastructure, a rise of wearable devices for healthcare monitoring, a surge in the use of IoT based applications, miniaturization of sensors used in medical devices, a growing trend for maintaining personal health and fitness, and growing demand for skin patches for drug delivery.

Further, the U.S. accounts for 94.11% of North America's electronic skin patches market share. The growing demand for electronic skin patches across the country is likely growing with the rise in chronic conditions such as cardiovascular diseases and diabetes, which require constant monitoring of various parameters such as heart rate, blood glucose levels, blood pressure, and others. Due to this, most patients are using electronic skin patches that help monitor various physiological factors. For instance, in the U.S., for every 36 seconds, a person dies from cardiovascular disease. The increasing prevalence of various diseases is a significant factor contributing to the growing adoption of remote monitoring devices.

Europe has the second largest revenue share compared to other regions owing to the highly sophisticated healthcare infrastructure and high adoption and awareness of the advantages of electronic skin patches over conventional monitoring options. APAC is likely to be an emerging region in the global electronic skin patches market, with most people focusing on maintaining their physical health and continuously monitoring their physiological parameters. Latin America, the Middle East & Africa accounted for minimal shares in the global electronic skin patches market.

COMPETITIVE LANDSCAPE

The competitive landscape in the global electronic skin patch market is currently intensifying due to the rapidly changing technological environment in the healthcare industry. Vendors operating the market are pursuing various strategies to provide the impetus for growth over the next few years. These market participants adopt collaboration, partnerships, mergers, acquisitions, product launches, and other strategies. For instance, Philips acquired BioTelemetry, a leading player in the mobile cardiac telemetry market, in February 2021.

Large medical device companies are adopting an acquisition strategy to invest or partner with many emerging vendors to diversify their product portfolio and strengthen their presence in the overall market. For instance, iRhythm Technologies deployed ZioAT and ZioXT virtual platforms to help doctors treat a patient's heart using telemetry during the COVID-19 pandemic in April 2020.

The global electronic skin patches market is likely to get highly dynamic with the presence of major international, regional, and a handful of local vendors offering electronic skin patches. Abbott, Dexcom, General Electric Company, and Koninklijke Philips are vendors that contributed to a major share of the global electronic skin patches market.

Frequently Asked Questions

What is the expected growth of the global electronic skin patches market?

The global electronic skin patches market size was valued at USD 9.57 billion in 2021 and is expected to reach USD 28.82 billion by 2027.

What is the growth rate of the global electronic skin patches market?

The global electronic skin patches market is growing with a CAGR of 20.17% from 2022 to 2027.

What are the latest trends in the global electronic skin patches market?

A growing number of start-ups & universities are developing e-skin patches, a rise of innovative electronic skin patches, an emerging trend of using digital tattoos for health monitoring, and high demand for remote patient monitoring are some of the latest trends in the latest trends in the global electronic skin patches market.

Who are the key players in the global electronic skin patches market?

Key global electronic skin patches market players are Abbott, Dexcom, General Electric Company, and Koninklijke Philips.

Which region dominates the global electronic skin patches market share?

North America dominates the global electronic skin patches market with a share of 47.59% and is estimated to reach USD 16.17 billion industry by 2027. Significant factors contributing to the growth of the market across the region are the rising prevalence of cardiac disorders and diabetes, the presence of advanced healthcare infrastructure, a rise of wearable devices for healthcare monitoring, a surge in the use of IoT-based applications, and miniaturization of sensors used in medical devices.

Download Free Sample

The global electronic skin patches market is expected to grow at a CAGR of approximately 20.17% from 2022 to 2027.

The following factors are likely to contribute to the growth of the global electronic skin patches market during the forecast period:

  • Rising Need for Continuous Physiological Monitoring & Treatment
  • Presence of Supporting Initiatives, Regulations & Reimbursement Policies
  • Increasing Penetration of Wearable Devices & Mobile Platforms for Healthcare
  • A Rise in the Usage of Electronic Skin Patches for Drug Delivery & Cosmetics

Base Year: 2021

Forecast Year: 2022-2027

The report considers the present scenario of the global electronic skin patches market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Vendors

  • Abbott
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • Dexcom
  • General Electric Company
  • Koninklijke Philips N.V.

Other Prominent Vendors

  • Menarini Diagnostics
    • Business Overview
    • Product Offerings
  • Bardy Diagnostics
  • Benware Medical
  • Bittium
  • Bloomlife
  • Blue Spark Technologies
  • BORSAM Biomedical Instruments
  • Boston Scientific
  • Cardiomo
  • DMS-Service
  • Epicore Biosystems
  • FUKUDA DENSHI
  • Gamastech
  • Holst Centre
  • Insulet
  • iRhythm Technologies
  • Isansys
  • LCR Hallcrest
  • LifeSignals
  • Liv ApS
  • Medicomp
  • Medidata
  • Medicsensors
  • Medtrum Technologies
  • Natures Frequencies
  • Nemaura Medical
  • OMRON Healthcare
  • Onera Technologies B.V.
  • PAINMASTER
  • QT Medical
  • Quad Industries
  • Smith+Nephew
  • SpotSee
  • The Surgical Company
  • Theranica Bio-Electronics
  • The Scott Fetzer Company
  • Virility Medical
  • VitalConnect
  • VivaLNK
  • Vivomi
  • WearOptimo
  • Xsensio

Segmentation by Distribution

  • Diabetes Management
  • General Patient Monitoring
  • Cardiovascular Monitoring
  • Others

Segmentation by Application

  • Home Care Settings
  • Hospitals
  • Physician Offices & Specialty Clinics
  • Others

Segmentation by Geography

  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • France
    • K.
    • Italy
    • Spain
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • South Africa

For more details, please reach us at enquiry@arizton.com

For more details, please reach us at enquiry@arizton.com

Select a license type that suits your business needs

single-user Single User Licence
$3750.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email
Best Value Tag
5-user 5 User Licence
$4250.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
corporate.png Corporate Licence
$5250.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
datasheet.png Datasheet Licence
$1500.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Our Clients

Prebook Tag
Licence Types What are these?
10 % OFF

Save 10% on this report.
Discount already applied

Interested in data center portfolio for this report?
Click here

Our Clients Speak

erick

"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."

Erik Young
CEO, Co-founder
Audink Inc., DBA Audios
SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

Click to Email +1-312-235-2040

Want to Customize the Report?

Click Here

Why Arizton?

  • 100% Customer Satisfaction
  • 24x7 availability – we are always there when you need us
  • 200+ Fortune 500 Companies trust Arizton's report
  • 80% of our reports are exclusive and first in the industry
  • 100% more data and analysis
  • 1000+ reports published till date