Increasing geriatric population and surge in demand for minimally invasive treatment is expected to drive the United States electronic skin market for the forecast period.
According to TechSci Research report, “United States Electronic Skin Market By Product (Electronic Skin Patches v/s Electronic Skin Suit) By Component (Stretchable Circuits, Photovoltaics System, Stretchable Conductors, Electro-Active Polymers) By Sensor Type (Tactile Sensors, Chemical Sensors, Electrophysiological Sensors) By Application (Health Monitoring Systems, Drug Delivery Systems, Cosmetics) By Distribution Channel (Hospitals & Clinics, Cosmetic Companies, Others), By Region, Company Forecast & Opportunities, 2026”, The United States electronic skin market is expected to witness double digit CAGR in the next five years. Electronic skin which is also known as e-skin which is a thin and translucent material, and it can mimic function and mechanical properties of skin. User-friendly nature of electronic skin allows maximum acceptance among the patients to perform heart, brain activity and muscle tests by themselves in the comfort of their homes.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected several countries adversely. Leading authorities in United States imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. United States authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Manufacturing units were temporarily shut down and disruption in supply chain was observed which affected the electronic skin market growth adversely. Non-essential treatment and procedures were postponed as complete focus was put for the treatment for coronavirus affected patients.
However, high cost of electronic skin and maintenance of e-skin is a difficult activity which may create hindrance in the electronic skins market growth.
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United States electronic skin market is segmented into product, component, sensor type, application, distribution channel, regional distribution, and company. Based on product, market can be divided into electronic skin patches and electronic skin suit. The electronic skin patches product segment is expected to hold major market share for the forecast period, 2022-2026. Electronic skin patches consist of energy storage capability, communication technology, actuators, and sensors with processing technology. This technology is extremely helpful as it aids in health monitoring and control while also providing the freedom from hassle of visiting hospital facilities. Electronic skin patches find use in diverse applications in temperature sensing, motion sensing, diabetes self-monitoring, remote patient monitoring including both in-patient and out-patient. Based on component, market can be divided into stretchable circuits, photovoltaics system, stretchable conductors, and electro-active polymers. The stretchable circuits component segment is expected to dominate the market for the next five years. These circuits are able to measure bio signals on the human skin without affecting the daily activities of an individual. Stretchable circuits are majorly used for health monitoring, control and provide feedback. Based on sensor type, market can be divided into tactile sensors, chemical sensors, and electrophysiological sensors. The electrophysiological sensor type segment is expected to dominate the market in the next five years. Surge in use of electrophysiological sensors in different applications such as physical health monitoring, chronic disease treatment and restoration therapies.
Philips Healthcare USA, Insulet Corporation, Dexcom, Inc., Abbott Laboratories, Inc., 3M Company, VivaLnk, Inc., MC10, Inc., Xenoma, Inc., GENTAG, Inc., iRhythm Technologies, Inc. are the leading players operating in United States electronic skin market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several electronic skin manufacturers are coming up with their technologically advanced offerings.
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“For technological upgradation of the existing infrastructure of electronic skin, market players are investing huge amounts to increase the sales of the product. Adoption of emerging technologies such as artificial intelligence and 3D printing by key players is expected to create new avenues for the growth of the market. Also, electronic skin is widely accepted for treatment of cardiology, pregnancy detection, among others and use of electronic skin in prominent field of robotics, artificial prosthetics is expected to increase the demand of electronic skin thereby propel the market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Electronic Skin Market By Product (Electronic Skin Patches v/s Electronic Skin Suit) By Component (Stretchable Circuits, Photovoltaics System, Stretchable Conductors, Electro-Active Polymers) By Sensor Type (Tactile Sensors, Chemical Sensors, Electrophysiological Sensors) By Application (Health Monitoring Systems, Drug Delivery Systems, Cosmetics) By Distribution Channel (Hospitals & Clinics, Cosmetic Companies, Others), By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of United States electronic skin market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United States electronic skin market.
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