Market Overview:

The global Electronic Skin Patches Market is projected to reach $26.4 billion by 2030, growing at a CAGR of 12.3% during the forecast period 2024-2030. The increasing demand for continuous physiological monitoring, remote patient management, and the growing penetration of wearable medical devices are driving the market. The MedTech sector is rapidly evolving due to rising rates of chronic illnesses, an expanding global population, and increasing investments in medical wearables. This trend is expected to provide a positive outlook for the electronic skin patches market in the coming years.

North America Dominates the Market:

In 2023, North America dominated the global market, holding a 42% market share, driven by innovation in the healthcare sector and a high prevalence of chronic diseases like diabetes and cardiovascular conditions. Europe and Asia-Pacific are also witnessing strong growth, with rising demand for smart health monitoring devices and increasing government investments in healthcare infrastructure.

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Scope of the Report: 

    Report Metric

                          Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

12.3%

Market Size in 2030

$26.4 billion

Segments Covered

By Type, By Application, By End-Use Industry, By Patient, By distribution Channel, By Patch Material and By Region


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle East and Africa).



Key Market Players

  1. Abbott Laboratories

  2. Dexcom

  3. GE Healthcare

  4. Koninklijke Philips N.V.

  5. Covestro AG

  6. Medtronic Plc

  7. iRhythm Technologies

  8. Vital Connect Inc.

  9. Leaf Healthcare Inc.

  10. Nitto Denko Corporation


Recent Developments:
  • In August 2023, Dexcom launched a next-generation glucose monitoring patch, expanding its reach to include pediatric patients and adults with prediabetes.
  • Abbott Laboratories introduced a therapeutic electronic skin patch in 2023, designed for cardiovascular monitoring, offering seamless integration with existing remote monitoring systems.
  • Medtronic Plc partnered with iRhythm Technologies in 2024 to develop continuous monitoring patches for cardiovascular health, enhancing real-time data collection for patients with chronic heart conditions.

Electronic Skin Patches Market: Competitive Landscape

The Electronic Skin Patches market is competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion. Major companies include: Abbott Laboratories, Dexcom, GE Healthcare, Koninklijke Philips N.V., Covestro AG, Medtronic Plc, iRhythm Technologies, Vital Connect Inc., Leaf Healthcare Inc., Nitto Denko Corporation.

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