GLOBAL ELECTRONIC SKIN PATCHES MARKET FORECAST 2021-2028

The global electronic skin patches market is projected to register a CAGR of 16.89% and is anticipated to generate revenue of $19638.2 million by 2028. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2028. 

Electronic skin patches entail a thin layer of fabric, used to mimic properties of the human skin, particularly in terms of its sensitivity to pressure and temperature. Moreover, this helps understand the surrounding atmosphere and other external factors, such as touch and heat. 

Key factors propelling the global electronic skin patches market growth:

  • Surging demand for periodic health monitoring
  • Rising prevalence of chronic and lifestyle-associated diseases
    • Sedentary lifestyles, growing obesity problems, and changing diets have resulted in the massive economic burden of lifestyle-associated diseases and chronic conditions.
    • The intensifying mortality rates, due to conditions such as cardiovascular disorders and diabetes, have significantly elevated the need for continuous disease monitoring systems and home-based point-of-care solutions.
  • Growing geriatric population
  • Increasing fitness regimen among the adult population

Major restraining factors:

  • High initial cost, complex designing, and material degradation
  • Lack of interoperability and data security
    • The patient’s medical data is personal, sensitive, and can be misused while transferring. This aspect results in increased security concerns. 
    • Thus, in order to protect patient data, encryption standards must be introduced with the devices and software used for data transfer.

The report scope of the global electronic skin patches market analysis includes segmentation based on type, therapeutics, and application. These segments are further classified to provide a detailed analysis of the studied market.

Market by Therapeutics:

  • Diabetes Management
    • The diabetes management segment dominates the therapeutics category.
    • Diabetes is among the most prevalent diseases, causing several complications that intensely increase the risk of death. 
    • The recent development of wearable electronics has unlocked the prospect of attaining non-invasive control of diabetes.
  • Cardiovascular Management and Temperature Monitoring
    • The cardiovascular management and temperature monitoring segment is set to be the fastest-growing therapeutics, over the forecast period.
    • The surging prevalence of cardiovascular diseases leads to an increased demand for advanced monitors, intended for continuous monitoring. 
    • Consequently, ECG is a crucial part of the diagnosis and monitoring of various cardiovascular diseases.
  • Pain Management
  • Other Therapeutics

Geographically, the global electronic skin patches market has been segmented based on four major regions, which includes:

  • North America: The United States and Canada
    • North America dominated the global market in 2020.
    • The increasing prevalence of chronic and lifestyle-associated diseases, such as cardiovascular diseases and diabetes, propel the electronic skin patches market growth in North America. 
    • Moreover, the increasing inclination towards personal health and fitness, in addition to the growing prominence of point-of-care technologies, primarily drive the market growth across the United States. 
  • Europe: The United Kingdom, Germany, Italy, France, Belgium, Russia, Poland, and Rest of Europe
  • Asia Pacific: India, Australia & New Zealand, China, South Korea, Japan, Thailand, Indonesia, Vietnam, and Rest of Asia Pacific
    • The Asia Pacific is set to be the fastest-growing region, during the forecast period.
    • Emerging countries within the Asia Pacific represent one of the most attractive markets, in terms of life sciences and medical device companies, worldwide. 
    • The region’s demographics and the accelerated economic growth play a crucial role in making products and services more affordable, especially for a significant market segment.
  • Rest of World: Latin America, the Middle East & Africa

Major market players operating in the global electronic skin patches market: 

  • Abbott Laboratories
  • Dexcom Inc
  • GE Healthcare
  • Koninklijke Philips NV
  • Medtronic PLC
  • Others

Key strategies adopted by some of these companies:

In September 2020, Medtronic PLC acknowledged the Advance Device Designation status from the United States Food and Drug Administration (FDA), for the TYRX Absorbable Antibacterial Driveline Cape. Also, in June 2020, Philips received the FDA premarket commendation for its HeartStart FRx and FR3 automated external defibrillators.

Key findings of the global electronic skin patches market:

  • Rising research and development endeavors facilitate market growth.
  • The wearable technology segment is set to dominate the application category.
  • The untapped market in developing economies is set to offer lucrative opportunities.
  • The rapid adoption of smartphones has increased the demand for healthcare applications. 


Frequently Asked Questions (FAQs):

Due to the COVID-19 outbreak, several establishments have initiated manufacturing skin patches to track patients’ heart rate and temperature. This factor has considerably bolstered market growth.
With the rising aging populace, cardiovascular diseases requiring immediate medical intervention have increased. The emergency can be avoided by monitoring the condition, thereby augmenting the demand for electronic skin patches.
The demand for electronic skin patches has accelerated, owing to the ease of monitoring health remotely. Hence, this factor is set to fuel market growth, over the forecast period.
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SURGING DEMAND FOR PERIODIC HEALTH MONITORING
      2. RISING PREVALENCE OF CHRONIC AND LIFESTYLE-ASSOCIATED DISEASES
      3. GROWING GERIATRIC POPULATION
      4. INCREASING FITNESS REGIMEN AMONG THE ADULT POPULATION
    2. KEY RESTRAINTS
      1. HIGH INITIAL COST, COMPLEX DESIGNING, AND MATERIAL DEGRADATION
      2. LACK OF INTEROPERABILITY AND DATA SECURITY
  4. KEY ANALYTICS
    1. PORTER’S FIVE FORCES ANALYSIS
      1. THREAT OF NEW ENTRY
      2. THREAT OF SUBSTITUTION
      3. BUYER’S POWER
      4. SUPPLIER’S POWER
      5. COMPETITIVE RIVALRY
    2. IMPACT OF COVID-19 ON ELECTRONIC SKIN PATCHES MARKET
    3. REGULATORY FRAMEWORK
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
    6. KEY INVESTMENT INSIGHTS
  5. MARKET BY TYPE
    1. MONITORING AND DIAGNOSTIC ELECTRONIC SKIN PATCHES
    2. THERAPEUTIC ELECTRONIC SKIN PATCHES
  6. MARKET BY THERAPEUTICS
    1. DIABETES MANAGEMENT
    2. CARDIOVASCULAR MANAGEMENT AND TEMPERATURE MONITORING
    3. PAIN MANAGEMENT
    4. OTHER THERAPEUTICS
  7. MARKET BY APPLICATION
    1. PERSONAL HEALTHCARE MONITORING
    2. WEARABLE TECHNOLOGY
    3. OTHER APPLICATIONS
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. UNITED STATES
        2. CANADA
      6. EUROPE
        1. MARKET SIZE & ESTIMATES
        2. KEY GROWTH ENABLERS
        3. KEY CHALLENGES
        4. KEY PLAYERS
        5. COUNTRY ANALYSIS
          1. GERMANY
          2. FRANCE
          3. UNITED KINGDOM
          4. ITALY
          5. RUSSIA
          6. BELGIUM
          7. POLAND
          8. REST OF EUROPE
        6. ASIA PACIFIC
          1. MARKET SIZE & ESTIMATES
          2. KEY GROWTH ENABLERS
          3. KEY CHALLENGES
          4. KEY PLAYERS
          5. COUNTRY ANALYSIS
            1. CHINA
            2. JAPAN
            3. INDIA
            4. AUSTRALIA & NEW ZEALAND
            5. SOUTH KOREA
            6. THAILAND
            7. INDONESIA
            8. VIETNAM
            9. REST OF ASIA PACIFIC
          6. REST OF WORLD
            1. MARKET SIZE & ESTIMATES
            2. KEY GROWTH ENABLERS
            3. KEY CHALLENGES
            4. KEY PLAYERS
            5. REGIONAL ANALYSIS
              1. LATIN AMERICA
              2. MIDDLE EAST & AFRICA
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGER & ACQUISITIONS
      2. PRODUCT LAUNCH & DEVELOPMENTS
      3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
      4. BUSINESS EXPANSION/ APPROVAL/ ANNOUNCEMENT
    2. COMPANY PROFILE
      1. ABBOTT LABORATORIES
      2. BIOTELEMETRY INC
      3. DEXCOM INC
      4. GE HEALTHCARE
      5. INSULET CORP
      6. IRHYTHM TECHNOLOGIES INC
      7. KONINKLIJKE PHILIPS NV
      8. LIFESIGNALS
      9. MC10 INC
      10. MEDTRONIC PLC
      11. NEMAURA MEDICAL INC
      12. OMRON CORPORATION
      13. SENSEONICS HOLDING INC
      14. VITALCONNECT
      15. VIVALNK
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - ELECTRONIC SKIN PATCHES

TABLE 2: NUMBER OF PERSONS AGED 65 YEARS OR OVER, BY GEOGRAPHIC REGION, 2019 AND 2050

TABLE 3: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 4: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 5: GLOBAL MONITORING AND DIAGNOSTIC ELECTRONIC SKIN PATCHES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 6: GLOBAL MONITORING AND DIAGNOSTIC ELECTRONIC SKIN PATCHES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 7: GLOBAL THERAPEUTIC ELECTRONIC SKIN PATCHES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 8: GLOBAL THERAPEUTIC ELECTRONIC SKIN PATCHES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 9: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY THERAPEUTICS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 10: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY THERAPEUTICS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 11: GLOBAL DIABETES MANAGEMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 12: GLOBAL DIABETES MANAGEMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 13: GLOBAL CARDIOVASCULAR MANAGEMENT AND TEMPERATURE MONITORING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 14: GLOBAL CARDIOVASCULAR MANAGEMENT AND TEMPERATURE MONITORING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 15: GLOBAL PAIN MANAGEMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 16: GLOBAL PAIN MANAGEMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 17: GLOBAL OTHER THERAPEUTICS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 18: GLOBAL OTHER THERAPEUTICS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 19: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 20: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 21: GLOBAL PERSONAL HEALTHCARE MONITORING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 22: GLOBAL PERSONAL HEALTHCARE MONITORING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 23: GLOBAL WEARABLE TECHNOLOGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 24: GLOBAL WEARABLE TECHNOLOGY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 25: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 26: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 27: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 28: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 29: NORTH AMERICA ELECTRONIC SKIN PATCHES MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 30: NORTH AMERICA ELECTRONIC SKIN PATCHES MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 31: LEADING PLAYERS OPERATING IN NORTH AMERICA ELECTRONIC SKIN PATCHES MARKET

TABLE 32: EUROPE ELECTRONIC SKIN PATCHES MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 33: EUROPE ELECTRONIC SKIN PATCHES MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 34: LEADING PLAYERS OPERATING IN EUROPE ELECTRONIC SKIN PATCHES MARKET

TABLE 35: ASIA PACIFIC ELECTRONIC SKIN PATCHES MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 36: ASIA PACIFIC ELECTRONIC SKIN PATCHES MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 37: LEADING PLAYERS OPERATING IN ASIA PACIFIC ELECTRONIC SKIN PATCHES MARKET

TABLE 38: REST OF WORLD ELECTRONIC SKIN PATCHES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 39: REST OF WORLD ELECTRONIC SKIN PATCHES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 40: LEADING PLAYERS OPERATING IN REST OF WORLD ELECTRONIC SKIN PATCHES MARKET

LIST OF FIGURES

FIGURE 1: CHRONIC CONDITIONS IN PATIENTS HOSPITALIZED WITH COVID-19 IN THE UNITED STATES

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY INVESTMENT INSIGHTS

FIGURE 6: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY TYPE, IN 2020

FIGURE 7: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY MONITORING AND DIAGNOSTIC ELECTRONIC SKIN PATCHES, 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY THERAPEUTIC ELECTRONIC SKIN PATCHES, 2021-2028 (IN $ MILLION)

FIGURE 9: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY THERAPEUTICS, IN 2020

FIGURE 10: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY DIABETES MANAGEMENT, 2021-2028 (IN $ MILLION)

FIGURE 11: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY CARDIOVASCULAR MANAGEMENT AND TEMPERATURE MONITORING, 2021-2028 (IN $ MILLION)

FIGURE 12: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY PAIN MANAGEMENT, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY OTHER THERAPEUTICS, 2021-2028 (IN $ MILLION)

FIGURE 14: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY APPLICATION, IN 2020

FIGURE 15: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY PERSONAL HEALTHCARE MONITORING, 2021-2028 (IN $ MILLION)

FIGURE 16: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY WEARABLE TECHNOLOGY, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL ELECTRONIC SKIN PATCHES MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA ELECTRONIC SKIN PATCHES MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

FIGURE 19: UNITED STATES ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 20: CANADA ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 21: EUROPE ELECTRONIC SKIN PATCHES MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

FIGURE 22: GERMANY ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 23: FRANCE ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: UNITED KINGDOM ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: ITALY ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: RUSSIA ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: BELGIUM ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: POLAND ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: REST OF EUROPE ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: ASIA PACIFIC ELECTRONIC SKIN PATCHES MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

FIGURE 31: CHINA ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 32: JAPAN ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 33: INDIA ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: AUSTRALIA & NEW ZEALAND ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: SOUTH KOREA ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: THAILAND ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: INDONESIA ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 38: VIETNAM ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 39: REST OF ASIA PACIFIC ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 40: REST OF WORLD ELECTRONIC SKIN PATCHES MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 41: LATIN AMERICA ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

FIGURE 42: MIDDLE EAST & AFRICA ELECTRONIC SKIN PATCHES MARKET, 2021-2028 (IN $ MILLION)

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