The global electronic skin market is anticipated to witness an exponential growth during the forecast period, 2018 – 2028, due to rise in superior and periodic health monitoring system in the healthcare sector.
Albany, NY -- (SBWIRE) -- 10/10/2018 -- Rapid advancement in techniques and material types followed for those materials which are used to make electronic skin are expected to drive the global electronic skin market, notices Market Research.biz. In a 118-pages report, titled, "Global Electronic Skin Market Insights, Forecast to 2025", which is up for sale, the authors of the report have provided a complete overview of the market along with various market dynamics such as trend, restraints, and opportunities which are expected to have a significant impact on the market.
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The technology being new in the market, has made the vendors to focus on innovating or launching new electronic skin products. This is anticipated to become the major factor driving the market in terms of revenue in coming years. Rise in demand for wearable devices by health concerned and busy lifestyle population is carrying the market in the forward direction. Other factor supporting the uptake of wearable devices is their lightweight and fluent connectivity with the smart devices. Rising capital investment for research and development of electronic skin in order to provide efficient product and to create product differentiation is anticipated to fuel the demand. Increase in disposable income all across the world is helping the market to grow at a stellar rate.
However, it has been noticed that intricacies linked with the implementation of electronic skin is anticipated to deter the growth of the market. Time taken for manufacturing electric skin is considered to be too long and is likely to slow down the growth of the market. Apart from these, absence of skilled workers is predicted to cause roadblock in the market. External factors like moisture, dusts, and others are likely to damage the electronic skin, thus constraining its adoption.
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The global electronic skin market is classified on the basis of type, application, and region. On the basis of type the market is segregated into prosthetics, robotic device, and others. Based on application, the market is bifurcated into wearable technology, periodic healthcare monitoring, and others. Among the application, wearable devices is anticipated to witness a stunning growth owing to benefits such as hands free monitoring, regular health monitoring, and long battery.
Geographically, the global electronic skin market is spread across North America, Asia- Pacific, Europe, and the Middle East and Africa. Amongst the pack, North America holds a lion's share in terms of revenue collected. However, China on the other hands is likely to contribute the most and make Asia Pacific as the fastest growing market.
Some of the major players in the market are MC10, Dialog Devices Limited, Imageryworks Pty, Intelesense, Plastic Eletronic GmbH, and Rotex.
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