The North America Electronic Skin Market would witness market growth of 22.1% CAGR during the forecast period (2023-2030).
Electronic skin has made it easier for people to manage their health independently or in any healthcare environment. The burden of infectious diseases is felt in both developed and developing nations. In order to monitor patients with various ailments, electronic skins are being employed increasingly. The necessity for ongoing physiological parameter monitoring is growing due to the global burden of chronic diseases.
Due to several factors, such as demographic, socioeconomic, and geographic situations, most developing countries are vulnerable to a wide range of risks. The occurrence of pandemics and epidemics of numerous infectious illnesses has increased recently. There will certainly be major developments in electronic skin to treat patients with various infectious disorders.
Moreover, the widespread use of electronic skin due to its benefits, including self-healing and adaptability, is a key driving force. Artificial skin replicates human sensory abilities, which makes it useful for health monitoring devices. Human skin is completely different from other wearable technology due to its sensitivity and suppleness. Self-healing electronic skin, sweating electronic skin, and lightning electronic skin are all predicted to experience significant innovation in the market.
The market is expanding in this region due to an increase in the number of novel e-skin product launches and the senior population. The demand is also fueled by ongoing technical development and a well-established medical infrastructure. For example, in 2021 a soft, elastic skin patch that may be worn around the neck was created by engineers at the University of California, San Diego. Government programs to lower the risk of chronic diseases in children and adults are also promoting market expansion. The presence of significant players in the market who engage in R&D activities and consistently innovate their products is another factor that is anticipated to support the market in the coming years.
The US market dominated the North America Electronic Skin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,012.5 million by 2030. The Canada market is estimated to witness a CAGR of 24.9% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 23.8% during (2023 - 2030).
Based on Sensors, the market is segmented into Electrophysiological Sensors, Tactile Sensors, Chemical Sensors, and Others. Based on Component, the market is segmented into Stretchable Circuits, Stretchable Conductors, Photovoltaic Systems, and Electroactive Polymers. Based on Application, the market is segmented into Health Monitoring Systems, Drug Delivery Systems, and Cosmetics. Based on Product, the market is segmented into Electronic Skin Suits, and Electronic Patches. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Electronic Skin Market is Projected to reach USD 22.3 Billion by 2030, at a CAGR of 22.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medidata Solutions, Inc. (Dassault Systems SE), Xsensio S.A., Xenoma Inc., VivaLNK, Inc., iRhythm Technologies, Inc., Renesas Electronics Corporation, QUAD Belgium nv/sa, Koninklijke Philips N.V., and ROTEX.
By Sensors
By Component
By Application
By Product
By Country
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