Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Electronic Skin Patch Market Size is Expected to Grow from USD 13.3 Billion in 2023 to USD 43.0 Billion by 2033, at a CAGR of 12.45% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Electronic Skin Patch Market Size, Share, and COVID-19 Impact Analysis, By Type (Monitoring & Diagnostic and Therapeutic), By Wireless Connectivity (Connected and Non-connected), By Application (Diabetes Management, Cardiovascular Monitoring, General Patient Monitoring, Temperature Sensing, Electrical Simulation, Iontophoresis, Sweat Sensing, Wound Monitoring & Treatment, and Others), By End User (Healthcare, Fitness & Sports, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
An electronic skin patch is a wearable product attached to the skin, augmenting the wearer with minimal encumbrance and maximum comfort. Diabetes control, cardiac devices, inpatient and outpatient medical patient monitoring, motion and temperature sensing, drug and cosmetic delivery patches, smart bandages for wound treatment, and many other areas where skin patches are used. The surging focus on improving the accuracy of health monitoring patches for improved functionality and user experience by improving accuracy and reliability in data collection, continuous monitoring capabilities, and non-invasive, painless application methods are offering lucrative market growth opportunities. The upsurging demand for remote health monitoring solutions for managing chronic diseases, post-operative care, and eldercare is driving the market demand for electronic skin patches. On the contrary, the surging demand for securing storage and transmission to prevent cybercriminals from exploiting vulnerabilities related to the data privacy and security issues of personal health data is challenging the market.
The monitoring & diagnostic segment is anticipated to hold the largest market share through the forecast period.
Based on the type, the electronic skin patch market is classified into monitoring & diagnostic and therapeutic. Among these, the monitoring & diagnostic segment is anticipated to hold the largest market share through the forecast period. Real-time insights are provided by these devices including monitoring of biochemical and physiological parameters that allow for prompt treatments and better patient outcomes. The increasing prevalence of chronic diseases including cardiovascular diseases and intervention of innovative devices are driving the market.
The connected segment is anticipated to grow at the fastest CAGR growth during the forecast period.
Based on wireless connectivity, the global electronic skin patch market is divided into connected and non-connected. Among these, the connected segment is anticipated to grow at the fastest CAGR growth during the forecast period. The increasing prevalence of diabetes and cardiovascular diseases (CVDs), which has increased the necessity for continuous monitoring solutions is driving the market demand. According to the 2023 World Heart Federation (WHF), there has been a 60% increase in cardiovascular disease (CVD)-related mortality during the last three decades, highlighting a concerning global trend of cardiovascular disease (CVD).
The diabetes management segment is anticipated to hold the largest market share during the forecast period.
Based on the application, the global electronic skin patch market is divided into diabetes management, cardiovascular monitoring, general patient monitoring, temperature sensing, electrical stimulation, iontophoresis, sweat sensing, wound monitoring & treatment, and others. Among these, the diabetes management segment is anticipated to hold the largest market share during the forecast period. Skin patches are developed to sense excess glucose in sweat and automatically administer drugs by heating microneedles penetrating the skin. The advantages of using electronic skin patches and focus on patient-centric care are driving the market demand.
The healthcare segment dominates the market with the largest market share during the forecast period.
Based on the end user, the global electronic skin patch market is divided into healthcare, fitness & sports, and others. Among these, the healthcare segment dominates the market with the largest market share during the forecast period. An electronic skin patch is used to monitor bodily physiological and chemical indicators of health such as body temperature, various metabolic biomarkers, and brain and heart functionality (via ECG). The increasing focus on innovative solutions for managing patient care with the rising prevalence of chronic diseases is anticipated to drive the market in the healthcare segment.
North America is projected to hold the largest share of the global electronic skin patch market over the forecast period.
North America is projected to hold the largest share of the global electronic skin patch market over the forecast period. The growing awareness about the importance of early diagnosis with the rising prevalence of lifestyle-associated chronic disorders is driving the market demand. Further, the increased healthcare spending and point-of-care technology are responsible for driving the market for electronic skin patches. The increasing disposition regarding personal fitness and health further bolsters the demand for electronic skin patches for collecting a variety of personal health information.
Asia Pacific is predicted to grow at the fastest CAGR in the electronic skin patch market over the forecast period. The changing healthcare paradigms along with increasing technological advancements are driving the market growth. Electronic skin patches are used by telemedicine platforms and distant care providers to increase patient access and service options. Through real-time monitoring and remote data transfer, these patches enable virtual consultations, remote diagnosis, and therapy administration. The increased adoption of telemedicine in the region is contributing to driving the market.
Company Profiling
Major key players in the electronic skin patch market include Abbott, Dexcom, Inc., Insulet Corporation, Koninklijke Philips N.V., Medtronic, Vitalconnect, Medtronic, Boston Scientific Corporation, Biolinq Incorporated, Zio By iRhythm Technologies, Inc., GENTAG, Inc., VitalConnect, The Surgical Company, Senseonics Ltd., ScottCare, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global electronic skin patch market based on the below-mentioned segments:
Global Electronic Skin Patch Market, By Type
Global Electronic Skin Patch Market, By Wireless Connectivity
Global Electronic Skin Patch Market, By Application
Global Electronic Skin Patch Market, By End User
Global Electronic Skin Patch Market, Regional Analysis
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