Electronic Skin Market Size, Share, Industry, Forecast and outlook (2024-2031)

Electronic Skin Market is segmented By Product Type (Electronic Skinsuits, Electronic patches), By Component (Stretchable Circuits, Photovoltaics system, Stretchable conductors, Electro-active polymers, Others), By Sensor Type (Electrophysiological Sensors, Chemical Sensors, Tactile Sensors, Others), By Application (Health Monitoring Systems, Drug Delivery Systems, Cosmetics, Others, By End-User (Hospitals, Research institutes, Others)and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

Report Overview

The Electronic Skin Market report provides an analysis of the market shares, size, recent trends, future market outlook, and competitive intelligence. The demand for electronic skin is increasing due to its applications in healthcare, and prosthetics, among others. The market is witnessing a surge in demand from the Asia-Pacific region. The competitive rivalry is intensifying with major players such as MC10 Inc., Xenoma Inc., Rotex Inc. and others actively operating in the market.

Electronic skin is a thin, flexible membrane that contains electronic parts with sensing capabilities. Electronic skin technology's goal is to mimic human and animal skin functions. It responds appropriately to environmental cues, including temperature and pressure variations. Integrating sensors in electronic skin allows it to track environmental changes. Electronic skin is potentially be used for physiological and on-body health monitoring.

As per DataM Intelligence, the Electronic Skin Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Electronic Skin Market size, and growth, along with the latest trends, opportunities, and forecast till 2030 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.

Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. Electronic Skin Market in the United States and Canada produces the utmost share. Whereas the European Electronic Skin Market is projected to continue its presence globally from 2023 to 2030.

Market Scope and Summary

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Dynamics and Trends

New e-skin innovation by NUS researchers in robots and prosthetics for an exceptional sense of touch is expected to drive market growth.

The Asynchronous Coded Electronic Skin (ACES), an artificial neural system created by a team of researchers at the National University of Singapore, might give robots and prosthetic devices a sense of touch that is on par with or even superior to that of human skin shortly (NUS). The new electronic skin system acquired extremely high responsiveness and damage resistance to serve as electronic skin effectively. It may also be combined with any sensor skin layer. Moreover, ACES is 1,000 times faster than the human sensory nervous system at detecting touches. For instance, even with many sensors, it can distinguish physical connections between various sensors in less than 60 nanoseconds, which is the fastest yet achieved for electronic skin technology.

Additionally, ACES-enabled skin can recognize an object's shape, texture, and hardness in less than 10 milliseconds—ten times faster than the blink of an eye. The ACES system's excellent fidelity and quick capture rate make this possible. Thus, from the above statements, the market is expected to drive in the forecast period.

Restraint

Lack of awareness, limited investment in research and development in emerging economies,  high cost, and complicated technology design are factors the market is expected to get hampered in the forecast period.

Industry Analysis

The electronic skin market provides an in-depth analysis of the market based on various industry factors such as supply chain analysis, pricing analysis, etc.

COVID-19 Impact on Electronic Skin Market Growth

The COVID-19 pandemic has moderately impacted healthcare systems and the market. Northwestern University in Evanston, Illinois, creates flexible, soft materials with uses for health monitoring. One gadget is a wireless, Bluetooth-connected piece of polymer and circuitry shaped to fit in the hollow at the base of the throat. It allows real-time monitoring of talking, breathing, heart rate, and other vital indicators and could be utilized in stroke victims who need speech therapy. Moreover, the demand for and use of remote patient monitoring products increased dramatically, with remote monitoring solutions being far more advantageous when dealing with a highly contagious condition. During the pandemic, regulatory barriers were reduced to satisfy the emergency need, and several businesses accelerated their commercialization on already established paths. The demanding route to commercializing common medical equipment was made easier, especially for businesses in the early stages of commercialization.

In contrast, the pandemic interrupts the supply chain and process. Many companies will vary to other geographic regions to ensure that products remain available and protect their supply chain. Thus, from the above statements, the market got affected, and it is expected to gain traction quickly with the resumption of economic activities.

Segementation Shares

The electronic patches segment is expected to hold the largest market share in the electronic skin market

The electronic patches segment is expected to dominate in 2021. Electronic skin patches include actuators and sensors with appropriate processing, communication, and energy storage. Compared to traditional wearable devices, electronic skin patches can be smaller, lighter, more comfortable, and less intrusive for users. Patches can be designed for single, short-term, or extended use. Moreover, electronic skin patches are ideal for remote monitoring in both inpatient and outpatient situations. The most widespread applications for electronic skin patches are for diabetes and cardiac monitoring. However, many alternative applications for the adaptable technology exist, including Motion and location sensing, Vital sign monitoring, Temperature sensing, Drug and cosmetic delivery, Newborn monitoring, Smart wound care, and General sense. Therefore, it has increased the demand for electronic skin patches. Thus, from the above statements, the market segment is expected to hold the largest market share in the forecast period.     

Geographical Analysis

North America region holds the largest market share in the global electronic skin market

In 2021, North America accounted for the highest revenue share. The rising geriatric population, technological advancements in electronic skin devices, favorable reimbursement policies, product launches, and collaborations by the market players in the region are some of the factors the market is expected to boost in the forecast period. For instance, Anna Maria Coclite from TU Graz and her team have succeeded in producing a 3in1 hybrid material for the next generation of smart, artificial skin. The team spent over six years developing smart skin as a component of Coclite's ERC project Smart Core. The composite material has 2,000 unique sensors per square millimeter, making it even more sensitive than a human fingertip. Each of these sensors comprises a special mix of components, including an interior smart polymer in the form of a hydrogel and an exterior shell made of piezoelectric zinc oxide. Because the hydrogel can absorb water, it can expand in response to variations in temperature and humidity. This causes pressure to be applied to the piezoelectric zinc oxide, which generates an electrical signal in response to this and all other mechanical stresses. The initial artificial skin samples are 0.006 millimeters, or six micrometers, thick.

In contrast, the thickness of the human epidermis ranges from 0.03 to 2 millimeters. However, it could be considerably thinner. A square millimeter or so is about the size that human skin can detect. The smart skin can register items too small for human skin to see because of its 1,000 times smaller resolution (such as microorganisms). Thus, from the above statements, the North American region is expected to hold the largest market share in the forecast period.

Electronic Skin Companies and Competitive Landscape

Major key players in the electronic skin market are Xensio, MC10, VivaLnk, Inc., Xenoma, iRhytm Technologies, whistle electric use GmbH, Bloomlife, Dialog Semiconductor, and Holst Center.   

MC10:

Overview:

MC10, founded in 2008, creates conformal electronics that enhance human health through digital healthcare services. The company's electronics offer flexible, bendable, and wearable semiconductor-based technology across applications for the sports, medical, military, and energy sectors. The company also offers thin and flexible devices built to stretch, bend, and twist with our bodies, enabling users to minimize burden and maximize health insights.

­Product Portfolio:

BioStamp point: The system collects and transforms unstructured data into identifiable clinical measures, such as vital signs, activity/actigraphy and posture categorization, sEMG, and sleep metrics. The sensors are rechargeable, reusable, and multi-modal. A secure cloud that can be synced with external EDC and CTM systems houses all processed and stored collected data.

The global electronic skin market report would provide an access to approx. 45+market data table, 40+figures and 180pages.