Industry Background:
Smart Tattoo is being designed and researched as technological wearables beyond the skin coloring. Smart tattoos are high tech wearable tattoos emerging in medical technology, that has the capability to provide more accurate information about health issues as compared to the other wearable devices. These tattoos are not surgically implanted and so they can easily be removed when they no longer required. It is continuously in the research and development process for a better understanding of its benefits and applications it can provide.This growth is primarily driven by Rising Demand for Smart Tattoos Owing to its Advantages Associated with it as Preventing Diabetes-Related Complications, Provides Comfort and Others.
Globally, a noticeable market trend is evident Emerging Smart Tattoo in Medical Technology for Blood Glucose Monitoring. Major Players, such as Google (United States), Microsoft Corporation (United States), Motorola, Inc. (United States), VivaLNK (United States) and Rotex Inc. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 17th July 2020, Google is working on the next generation of wearable technology – smart tattoos. This comes in the form of smart tattoos. When applied to the skin, the tattoos transform the human body into a living touchpad via embedded sensors. The wearable project is called “SkinMarks” and forms part of Google Research, an arm of the search giant that specializes in technological breakthroughs and has roots in academia.
On 15th August 2016, Microsoft Research and MIT launched DuoSkin smart tattoos. These smart tattoos are made of super-thin electronics technology which is now getting closer to fashionable prime time. Microsoft Research has partnered with MIT Media Lab for the latest iteration dubbed DioSkin. The tattoos consist of artistic arrangements of conductive gold and silver leaf, plus tissue-thin electronics. Other applications include tattoos that can change color or light up to reflect your mood and an antenna tattoo that can transmit data via Bluetooth or near field communications.
Market Drivers
- Rising Demand for Smart Tattoos Owing to its Advantages Associated with it as Preventing Diabetes-Related Complications, Provides Comfort and Others
Market Trend
- Emerging Smart Tattoo in Medical Technology for Blood Glucose Monitoring
Restraints
- High-Cost Associated Production and Application of Smart Tattoo
Opportunities
Continuous Research and Development in Tattoo Technology and Innovation in Medical Technology
Challenges
Risk of Adverse Impact of Smart Tattoo on the Health and its Continuous Research
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Tattoo Study Sheds Light on
The Smart Tattoo Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smart Tattoo industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Tattoo industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.