GLOBAL ELECTRONIC SKIN MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Electronic skin, also known as e-skin or bioelectronic skin, is a technology that refers to flexible and stretchable thin-film devices that can conform to and mimic human skin. E-skin devices are equipped with sensors capable of sensing touch, temperature, stretch and various biomolecular parameters. The core components that enable these functionalities are functional materials, embedded micro/nano-scale electronic components, and interconnecting networking elements. E-skin has wide-ranging applications across various industries including healthcare, robotics, consumer electronics, and others. The technology is still in development phase with ongoing research focusing on enhancing its capabilities, durability, form factor and manufacturability.

Market Dynamics:

Global electronic skin market growth is driven by rising demand for wearable devices, growing healthcare and medical sector, and increasing investments in robotics and prosthetics. However, high development costs, requirement of sophisticated manufacturing processes, and lack of standardization are challenging widespread commercialization of the technology currently. Some of the key opportunities include integration of e-skin into smart textiles and clothing, development of self-powered devices using novel energy harvesting technologies, and miniaturization of electronic components for making e-skin ultra-thin and invisible.

Moreover, increasing number of research and development activities related to electronic skin is expected to propel the market growth over forecast period.

For instance, in May 2023, according to Research Group at Stanford University, the electronic skin is soft and flexible, can simulate touch, and runs effectively at low voltage. Stanford University researchers created soft integrated circuits that convert measured pressure or temperature into electrical signals similar to nerve impulses in order to connect with the brain. The researchers believe that someday, such impulses will be sent to implanted wireless communication chips in the peripheral nerve, allowing amputees to operate prosthetic limbs. Other possible applications include cutting-edge implanted or wearable medical devices.

Key Features of the Study:

• This report provides an in-depth analysis of the global electronic skin market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global electronic skin market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• The key companies covered as a part of this study include Resonetics (Hudson Medical Innovations), Abbott, Medtronic, MC10, Tapecon, Inc., GENTAG, Inc., General Electric Company, VivaLNK, Inc., Epicore Biosystems, Amorepacific Cosmetics (USA), Inc., iRhythm Technologies, Inc. and Fuelium.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global electronic skin market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electronic skin market.

Detailed Segmentation:

• By Product Type:
  • Electronic skinsuits
  • Electronic patches
• By Component:
  • Stretchable Circuits
  • Stretchable Conductors
  • Electro-Active Polymers
  • Photovoltaics
• By Material:
  • Nanowires
  • Graphene
  • Hydrogels
  • Elastomers
  • Others
• By Application:
  • Drug and Cosmetic Delivery
  • Wound Care Healing
  • Temperature Sensing
  • Motion and position sensing
  • Heart Rhythm Monitoring
  • Diabetes Management
  • Virtual Reality Therapy
  • Others
• By End User:
  • Hospitals
  • Clinics
  • Home Care Settings
  • Others
• By Region: 
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Resonetics (Hudson Medical Innovations)
  • Abbott
  • Medtronic
  • MC10
  • Tapecon, Inc.
  • GENTAG, Inc.
  • General Electric Company
  • VivaLNK, Inc.
  • Epicore Biosystems
  • Amorepacific Cosmetics (USA), Inc.
  • iRhythm Technologies, Inc.
  • Fuelium