ID : CBI_1554 | Updated on : | Author : Amit Sati | Category : Healthcare
Electronic Skin Market size is estimated to reach over USD 21,702.50 Million by 2031 from a value of USD 6,197.47 Million in 2023, growing at a CAGR of 17.2% from 2024 to 2031.
Electronic skin is a flexible, stretchy wearable synthetic material that is engineered to mimic the properties and functionalities of natural human skin. It integrates various sensors to detect stimuli like temperature, pressure, humidity, and motion. It enables its users to perceive environmental factors and react accordingly. E-skin consists of materials such as silicone rubber, polyimide, and other elastomers which form its base, also known as substrate, and offer mechanical stability and flexibility. E-skin also employs integrated flexible circuits made from conductive materials like graphene or carbon nanotubes for signal transmission and processing. Some e-skin designs incorporate sources like thin-film batteries or energy-harvesting elements like solar cells. They are biocompatible, making them safe to stick to the skin for prolonged periods. Their key properties include self-healing of minor damage for enhanced durability and high sensitivity for quick reactions to changes in stimulus. The benefits of e-skin include the provision of constant monitoring without invasive medical devices. They are also energy-efficient and comfortable and can improve the functionality of prosthetic limbs and robots. The concept of e-skin is revamping fields of health care, human-computer interaction, and robotics.
AI is significantly impacting the electronic skin market by enabling advanced data analysis, predictive healthcare, and personalized experiences. Also, AI algorithms have the ability to process complex sensor data from electronic skin in real-time, leading to more accurate health diagnostics and sophisticated human-machine interactions. Moreover, AI enhances electronic skin functionality by improving sensor performance, enabling self-healing properties, and optimizing material discovery. Thus, the integration of AI and electronic skin is driving advancements in prosthetics, robotics, and personalized health monitoring.
Electronic skin sensors monitor important signs such as heart rate, blood pressure, and body temperature repeatedly and non-invasively, providing real-time data to healthcare professionals. These sensors are also suitable for early detection of health strains like respiratory issues or irregular heartbeats, making them useful for remote patient care of chronic diseases. When E-skin is integrated into prosthetic limbs it improves the functionality of artificial limbs by giving the patients a sense of touch. They can also be incorporated into devices to monitor and adjust rehabilitation therapy for patients recovering from major injuries or surgeries. E-skin is often crafted to help in wound healing processes where sensors monitor the healing parameters like moisture and pH levels of the wound. It also facilitates skin regeneration and can seamlessly mimic natural skin properties for patients with severe skin damage.
Thus, as e-skin technologies like AI and data integration transform the way patients are monitored, diagnosed, and treated, electronic skin market expansion is imminent.
E-skin technology needs seamless communication with current medical equipment and healthcare IT systems, though the current devices lack basic cohesive compatibility. Data standardization through electronic health records (EHR) systems varies from one system to another which makes e-skin integration difficult and leaves the provision of inaccurate or incomplete data transmission. Combining e-skin tech with wearable devices is technically challenging because each device has its protocols for sensor calibration and power requirements. They also require ultra-low power to stay operational for longer periods and continuous data connectivity which creates a technical barrier for current IT systems employed in the medical field. There is a significant cost associated with the modifying or upgrading of current systems to integrate e-skin technology which also curbs its adoption by major hospital and healthcare facilities.
Therefore, as per market trends analysis, the electronic skin market growth is stunted by the complex user experience of incorporating e-skin with current regulatory standards.
Smart textiles embedded with e-skin sensors monitor vitals continuously like stress levels, heart rate, etc. This is beneficial for athletes, patients, or simply health-conscious consumers who want to keep their vitals in check. E-skin is also integrated into fabrics for more natural wearable designs, unlike conventional health monitors. In fashion, sportswear, and designer clothes are being integrated with e-skin tech to track performance metrics and be responsive to external stimuli. Smart textiles detect everyday health indicators from posture correction to monitoring sleep patterns. It also offers optimal comfort to the wearer as it can automatically adjust its temperature in response to body heat, making it a practical choice for everyday use. They are also flexible, stretchable, and even have washable components which add to their suitability as daily wear. E-skins are made from biodegradable and durable elements, adding to their long-term sustainability, and making them a cost-effective choice.
Therefore, smart textiles and the fashion industry are incorporating an immersive user experience, boosting the electronic skin market opportunities.
The market is bifurcated, based on product, into Electronic Patches and Electronic Skin Suits.
Trends in the Product:
Electronic Patches accounted for the largest revenue share in the electronic skin market share in 2023.
Electronic Skin Suits are expected to have the fastest CAGR during the forecasted period.
The market is segmented based on components into Sensors, Stretchable Circuits, Photovoltaic Systems, Stretchable Conductors, and Electroactive Polymers.
Trends in the Component:
Sensors accounted for the largest revenue share in the electronic skin market share in 2023.
Stretchable Circuits are expected to have the fastest CAGR in the electronic skin market during the forecasted period.
The market is segmented based on sensors into Tactile Sensors, electro-physiological Sensors, Chemical Sectors, and others.
Trends in the Sensors:
Tactile Sensors accounted for the largest revenue share in 2023.
Electrophysiological Sensors are expected to have the fastest CAGR during the forecasted period.
The market is segmented based on application into Drug Delivery Systems, Health Monitoring Systems, Cosmetics, and Wearable Technology.
Trends in the Application:
Health Monitoring Systems accounted for the largest revenue share of 38.24% in 2023.
Wearable Technology is expected to have the fastest CAGR during the forecasted period.
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2023, North America accounted for the highest market share at 38.21% and was valued at USD 2,368.05 Million, and is expected to reach USD 8,450.95 Million in 2031. In North America, the U.S. accounted for the highest market share of 75.56% during the base year of 2023. North America, especially in the US, has an advanced infrastructure for supporting electronic skin technology. The region can adopt e-skin and integrate it into the fields of healthcare where it can monitor health, and help in rehabilitation and prosthetics. There is also a strong ecosystem of research and development (R&D) where universities, research institutions, tech firms, etc lead significant innovations for the development and integration of e-skin. The government also funds and supports the R&D drive contributing to the electronic skin market growth.
Asia Pacific (APAC), particularly China, Japan, South Korea, etc. is home to some of the largest global electronics manufacturers who are known for their expertise in semiconductors, circuits, flexible electronics, etc. These are important components of wearable smart textiles leading to an expansion of the e-skin market in this region.
Europe is expected to witness the fastest CAGR over the forecast period of 17.9% during 2024-2031. Europe has the largest concentration of elderly demographic on the global map, especially in the regions of Spain, Italy, Germany, etc. This aging population often requires wearable devices, like e-skin to monitor vitals for managing chronic health conditions.
The Middle East and Africa (MEA) is a hub of medical tourism, like Turkey or the UAE, which fosters an environment for high-end healthcare services that include advanced e-skin tech as a part of their premium medical care packages. Latin America, particularly regions like Mexico, Argentina, etc., has developed a class of people that are more aware and health-conscious than before. This drives the demand for advanced technologies like e-skin which could offer non-invasive and convenient solutions to healthcare.
The Electronic Skin Market is highly competitive with major players providing products and services to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the electronic skin market. Key players in the global electronic skin industry include-
Product Launch:
Product Enhancement:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 720.59 Million |
CAGR (2024-2031) | 17.2% |
By Product |
|
By Component |
|
By Sensors |
|
By Application |
|
By Region |
|
Key Players |
|
North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
|
The major players in the market include MC10, Inc. (USA), Xenoma Inc. (Japan), VivaLNK, Inc. (USA), iRhythm Technologies, Inc. (USA), Koninklijke Philips N.V. (Netherlands), e-Paper Innovation Ltd (Germany), Rotex Global, LLC (USA), Medidata (USA), Intelesense Technologies (USA), and SMARTLIFEINC (UK).
North America will lead the global electronic skin market in the future.
The electronic skin market is segmented into products, components, sensors, and applications.
Europe is the fastest-growing region in the electronic skin market.