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Latest Trends In “Electronic Skin Patches Market” To Grow at 10.3% of CAGR by 2027 | Emergen Research


Latest Trends In “

iCrowdNewswire   Jan 7, 2021  4:28 PM ET

Electronic Skin Patches Market

The electronic skin patches market is set to attain a valuation of USD 18.10 billion by 2027, registering a CAGR of 10.3%. The applications of electronic skin patches are widespread in several industries includinghealth monitoring systems, drug delivery systems and cosmetics.

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Leading Players Profiled in the Report Include:

iRhytm Technologies, Xensio, VivaLnk Inc., Holst Center, Plastic Electronic GmbH, MC10, Philips, Xenoma, Quad Industries, and Sensium Healthcare Ltd., among others.

Market Drivers

The major driving force for the development of the electronic skin patchesmarketis theincreasing geriatric population, the growing inclination to health fitness, increase usage of wearable devices, upswing occurrence of chronic diseases and advancement in robotics.The growing geriatric population is a key factor aselderly people suffer from numerous health conditions. The presence of skilled healthcare professionals coupled with insurance covers is accountable for the dominance of hospitals in the market. Technology including wireless power technologyalso plays a vital role in terms of market innovations.

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Overview of the TOC of the Report:

Regional Analysis

According to the report, Asia Pacific is expected to dominate the electronic skin patchesmarketduring the projected period. This is due to rising technological advancements in the emerging countries of the region. The North American region holds a significant share due to the supportive regulatory policies,well-established healthcare infrastructure,growing geriatric population, rapid adoption of high technology, and skilled expertise.

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