Electronic Skin Market Size, Share, Growth Analysis, By Product(Electronic skinsuits, Electric patches), By Component(Stretchable circuits, photovoltaic systems, stretchable conductors, electroactive polymers), By Sensors(Tactile sensors, Chemical sectors, Electrophysiological sensors, others), By Application(Health monitoring systems, drug delivery systems, cosmetics), By Region - Industry Forecast 2024-2031

Electronic Skin Market Drivers

Increasing Concerns Related to Chronic Ailments in Geriatric Population will Boost Demand for Electronic Skin in Global Market

• The rising in geriatric population acts as one of the major factors driving the growth of electronic skin market as they are more prone to chronic diseases such as diabetes, cancer, and heart diseases. The subsequent rise in the incidence of chronic diseases among elderly people accelerating consistent monitoring have a positive impact on the market. Electronic Skin patches and related equipment facilitate the remote management of chronic diseases while providing complete independence to the patient. Chronic changes in diet and lifestyle due to increasing health problems in the average population and the growing awareness about fitness are expected to boost the market. Growing awareness regarding this technology in the healthcare sector and the ever-rising acceptance of remote patient monitoring equipment are anticipated to propel the global market during the projected period.

Electronic Skin Market Restraint

High Costs and Complex Designing to Hinder Market Growth

• The global electronic skin market is constrained by a high initial setup cost, which is anticipated to impede market expansion during this projected period. Global market growth is also anticipated to be hampered by sophisticated designing and material deterioration.