Electronic Skin Market Trends

Electronic Skin Market Trends

The growing demand and the acceptance of electronic skin due to its potential benefits will propel the industry growth. Electronic skin and skin patches are being utilized for a wide array of application such as monitoring diabetes, cardiovascular disorders, pregnancy, detecting abnormalities in the brain and others. In addition, the increasing demand of electronic skin components in the wearable electronics is also expected to boost the demand of the electronic skin market.
 

Also, increase in funding by various companies for developing technologically advanced electronic skin products has also supplemented the market growth. For instance, in 2013 MC10 received a funding of around $8 million for the development of flexible health sensors. Medtronic also had funded MC10 in 2012 with $10 million for developing nearly invisible and conformal electronics. Thus, such increase in funding and investments by many companies will also propel the market growth.