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2020 Electronic Skin Patch Market Forecast Analysis by Trends, Major Companies Analysis, Growth Rate by Regions, Company Overview till 2024

Electronic

The “Electronic Skin Patch Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Electronic Skin Patch market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Electronic Skin Patch market report also includes new upcoming technology of Electronic Skin Patch Industry that will help to our clients.

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Market Overview:

  • The electronic skin patch market is expected to register a CAGR of 15% and surpass USD 10 billion by the end of the forecast period (2019-2024). The electronic skin patches have started gaining traction among the electronics industry players. The miniaturization of sensors due to technological developments such as a decrease in chip size from 9nm to 5nm has been the reason for the development of such products.
  • – The growing trend for fitness amongst the population is expected to drive the market positively during the forecast period. Healthcare industry is expected to benefit from the electronic skin patches as it does not involve any invasive procedures for monitoring the body vitals as it just needs an adhesive to stick it to the body.
  • – The growing initiatives by the regulatory bodies such as the FDA such as the Digital Health Innovation Action plan which states the FDA’s approach to ensuring timely access to high-quality, safe and effective digital health products to its citizens is expected to provide a boost to the market.
  • – Limited functionality, lack of interoperability, data security are some of the factors that restrain the adoption of electronic skin patches. However, the digitization initiatives by the governments coupled with the penetration of new technologies like IoT, virtual reality, augmented reality and artificial intelligence is expected to mitigate such restraining factors.

    Electronic Skin Patch Market Covers Key Players:

  • Vitalconnect
  • Inc
  • Leaf Healthcare
  • Inc
  • Quad industries
  • S.A
  • Loreal
  • S.A
  • Sensium Healthcare Ltd.
  • iRhythm Technologies
  • Inc

    Some Major Points Covered in Electronic Skin Patch Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Scope of the Report:

  • The electronic skin patches deploy devices such as sensor and actuators directly on to the body that gives real-time information about the vitals of a person’s body such as temperature, UV radiation absorption and oxygen levels in the blood. This report segments the market by application as cardiovascular monitoring and diabetes management and geography.
  • Key Market Trends:

    Owing to Changing Life Style Cardiovascular Monitoring is Expected to Register Substantial Growth

    – Cardiac function is the result of four interrelated variables like heart rate, preload, contractility, and afterload. It becomes very difficult to quantify individual components of cardiac functions and poses two main problems. Firstly the technique is either invasive pressure or highly specialized echocardiographic techniques and secondly, all the components are interdependent. So, a failure in a single component would affect the other components. In such cases, an electronic skin patch poses as the best alternative for cardiovascular monitoring as it does not involve any invasive procedures and is handy.
    – Cardiovascular monitoring becomes important for athletes running marathons spread across several kilometers as it involves stretching the capabilities of the human body. Henceforth it becomes essential for the athletes to track the cardiac function to better plan their runs.
    – For instance, sixteen runners participated in METRO Marathon 2018, in Düsseldorf on April 28, equipped with stick-on smart health patches (three companies engaged to develop smart health patch such as Henkel, Quad Industries and Byteflies) that continuously measured and recorded motion (IMU), electrocardiogram (ECG) and respiration (RES).
    – The fast-paced work life coupled with irregular eating habits and no exercises has resulted in the birth of many fatal diseases out of which heart diseases have become common. So it becomes very important to monitor the vitals of the body because when ignored could prove fatal. The use of electronic skin patches could help in the monitoring and thereby preventing such fatal outcomes.

    Demand in Europe is Driven Due to Healthcare Awareness

    – Traditional methods of diabetes monitoring involve the usage of glucose strips and finer prick tests to monitor glucose levels in the blood. So in order to prevent the usage of such invasive procedure scientists from the University of Bath, the United Kingdom in April 2018, has developed an adhesive electronic skin patch that would measure the blood glucose levels every 10 to 15 minutes.
    – Similarly, Nemaura Medical a medical technology company has developed sugarBEAT which is a non-invasive, affordable and flexible Continuous Glucose Monitor (CGM) specifically designed for the people suffering from diabetes and pre-diabetics enabling them to better manage their glucose levels.
    – According to a report published by WHO in 2016, there were 422 million adults suffering from diabetes and expected that this number would rise with given time opening up doors for the electronic skin patch market.

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    Detailed TOC of Electronic Skin Patch Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Trend for Fitness Amongst the Consumers
    4.3.2 Growing Demand for Connected Monitoring Devices
    4.4 Market Restraints
    4.4.1 Interoperability Issues Between New, Existing and Legacy Systems
    4.5 Industry Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Application
    5.1.1 Cardiovascular Monitoring
    5.1.2 Diabetes Management
    5.2 Geography
    5.2.1 North America
    5.2.2 Europe
    5.2.3 Asia-Pacific
    5.2.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Vitalconnect, Inc
    6.1.2 Leaf Healthcare, Inc
    6.1.3 Quad industries, S.A
    6.1.4 Loreal, S.A
    6.1.5 Sensium Healthcare Ltd.
    6.1.6 iRhythm Technologies, Inc

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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