Global Electronic Skin Technology in Medical Market Overview:
Over the past years, the rise of chronic and non-communicable diseases such as cancer, heart disease, and others will drive the market of the electronic skin technology, to monitor its own health and wellness as electronic skin helps remotely located clinicians manage chronic diseases. The Electronic skin technology in medicine is a stretchy, slim, and stretchable membrane which is implanted in electronic components. It possesses sensing abilities and material that mimics human skin in one or more ways. For instance scientists at the Korea Institute of machinery and material in Daejeon, South Korea have introduced an e skin for prosthetic hand to sense the intensity of force and pressure to help and recognize objects' shape and texture.High Demand for Electronic Skin Solutions in the Wearable Electronics Sector Is Expected key Driving Factor of Growth
Growth Drivers
- Inclination Toward the Adoption of Remote Monitoring Applications With the Help of Wearable Devices is Expected to Drive the Electronic Skin
- High Demand for Electronic Skin Solutions in the Wearable Electronics Sector Is Expected key Driving Factor of Growth
Roadblocks
- High Cost Associated with Electronic Skin Technology in Medical
Opportunities
- Increasing Awareness Towards The Electronic Skin Technology In The Healthcare Sector And Research And Development Activity Is Creating The Opportunity Of Growth In The Market
Challenges
- Designing Complexity and material integrations
Competitive Landscape:
Some of the key players profiled in the report are Physical Optics Corporation (United States), VivaLnK, Inc. (United States), Xenoma (Tokyo), Xsensio (Switzerland), 3M (United States), MC10 (United States), Philips (Netherlands), ROTEX Global, LLC (United States), Dialog Devices Limited (United Kingdom) and SmartLifeinc Limited (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Intelesens ltd (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Electronic Skin Technology in Medical market by 2026. Considering Market by Components, the sub-segment i.e. Stretchable Circuits will boost the Electronic Skin Technology in Medical market. Considering Market by Sensor , the sub-segment i.e. Tactile Sensors will boost the Electronic Skin Technology in Medical market. Considering Market by Functionality, the sub-segment i.e. Health Monitoring Systems will boost the Electronic Skin Technology in Medical market. Considering Market by Distribution Channel, the sub-segment i.e. B2B will boost the Electronic Skin Technology in Medical market.
Latest Market Insights:
In August 2019 Netherland based company Philips announced their acquisition with Carestream Health Inc.’s Healthcare Information Systems (HCIS). This acquisition business will become part of Philips’ Enterprise Diagnostic Informatics business within the Diagnosis & Treatment reporting segment and commitment to providing industry-leading medical imaging and healthcare IT solutions.
For instance August 2020, according to World Economic Forum National University of Singapore have developed electronic skin capable of recreating the sense of touch, this innovation will help people to detect objects, temperature, pain, and even feel the texture. In addition, this device is asynchronous coded electronic skin made up of 100 small sensors and is of size 1sq cm
What Can be Explored with the Electronic Skin Technology in Medical Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electronic Skin Technology in Medical Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electronic Skin Technology in Medical
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electronic Skin Technology in Medical market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electronic Skin Technology in Medical market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Electronic Skin Technology in Medical Manufacturer, Electronic Skin Technology in Medical Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.