According to the estimations put forth by Inkwood Research, the Global Electronic Skin Patches Market is set to record a CAGR of 16.89% in terms of revenue during the forecasting years of 2021-2028.
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40 Market Data Tables and 42 Figures spread over 159 Pages, along with an
in-depth TOC on the Global Electronic Skin Patches Market Forecast 2021-2028.”
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Electronic skin patches are characterized by a thin layer of fabric, used to mimic the human skin’s properties, primarily in terms of pressure sensitivity and temperature. This helps understand the surrounding environment, as well as other external aspects, including heat and touch. The wearable device also offers suitable, comprehensive, and timely care, by remotely monitoring the patient’s physiological parameters.
Increased
Geriatric Population Promotes Market Growth
The population across the world is aging
rapidly, owing to the dramatic increase in life expectancy. As per the World
Population Prospects’ data, one in six people globally, is anticipated to be
over the age of 65, in 2050, from one in 11, in 2019. Besides, one in four
individuals living in North America and Europe, is likely to be aged 65, or
over, by 2050.
On the other hand, life expectancy across
numerous nations has increased significantly. This is primarily accredited to
substantial advancements in medical science and diagnostic technology, as well
as improving awareness regarding nutrition, hygiene, and health. Moreover, the
geriatric population is growing rapidly, with an increased need for primary and
long-term care.
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Cardiovascular
Management and Temperature Monitoring is the Leading Therapeutics
Cardiovascular management entails ECG
patches connected to the body surface in order to transmit the electrical
signal to the patient’s heart activity. The growing incidence of cardiovascular
conditions leads to increased demand for enhanced monitors, for the purpose of
continual monitoring. As a result, ECG is an essential part of tracking and
diagnosing several cardiovascular ailments. Moreover, blood pressure monitoring
is utilized to prevent strokes and heart diseases. Such devices are developed
to offer accurate sleet blood pressure readings and deliver drug therapies
based on patients’ needs.
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North
America Dominated the Global Market in 2020
The increased prevalence of
lifestyle-related diseases and chronic conditions, including diabetes and
cardiovascular diseases, essentially propel the electronic skin patches market
growth in North America. Moreover, the growing awareness, linked with the
importance of early disease diagnosis, further bolsters the region’s market
growth.
Technical innovations, primarily associated
with the introduction of novel and improved extracts, in terms of personal care
products, are projected to boost the product demand. As a result, the
competitive rivalry within the global electronic skin patches market is
anticipated to remain high, over the forecast years. Some of the
distinguished companies operating in the market are, Abbott Laboratories,
DexCom Inc, GE Healthcare, Medtronic PLC, Koninklijke Philips NV, etc.
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research are customized across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and energy, with an objective
comprehension that acknowledges the business environments. Our geographical analysis
comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and
Africa.
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