Product Code: GVR-4-68040-436-3
Wearable Bioelectronic Skin Patches Market Growth & Trends:
The global wearable bioelectronic skin patches market size is expected to reach USD 3.5 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is growing rapidly due to increasing demand for continuous health monitoring and advancements in wearable technology. These skin-like patches are designed to monitor various physiological parameters, including glucose levels, heart rate, hydration, and body temperature. They provide real-time data, enabling personalized and proactive health management for individuals, particularly those with chronic conditions like diabetes or cardiovascular diseases. One of the major drivers of market growth is the rising prevalence of chronic diseases and the shift towards preventive healthcare. Consumers are increasingly seeking non-invasive, comfortable, and efficient ways to monitor their health. Wearable bioelectronic skin patches fulfill this need by offering convenient, discreet, and accurate tracking of vital signs.
Several collaborations are driving market growth, such as the partnership between Epicore Biosystems, 3M, and Innovize in September 2022. This collaboration focuses on scaling the production of sweat-sensing wearable technology. By combining 3M's material expertise and Innovize's manufacturing capabilities, Epicore aims to enhance the functionality and availability of its patches. This partnership addresses increasing demand for personalized health monitoring and preventive care, driving innovation, expanding market applications, and contributing to the overall market growth.
Wearable Bioelectronic Skin Patches Market Report Highlights:
- Based on type, the electrochemical sensors segment accounted for the largest revenue share of 40.9% in 2023. Electrochemical sensors offer high sensitivity and accuracy, making them ideal for detecting small concentrations of substances. They are also cost-effective and energy-efficient, providing reliable performance in various applications.
- Based on type, the temperature sensors segment is expected to grow at the fastest CAGR of 6.9% during the forecast period. Temperature sensors provide precise and rapid temperature measurements, essential for real-time monitoring. They are also versatile and can be integrated into various devices, enhancing their applicability across different industries.
- Based on application, the fitness and wellness segment accounted for the largest market share of 44.5% in 2023 and is projected to experience the fastest CAGR of 7.1% over the forecast period. The fitness and wellness segment benefits from wearable bioelectronic skin patches by enabling continuous health monitoring and personalized fitness tracking. These devices help users optimize their workouts, track progress, and maintain overall wellness.
- Based on end use, the home care settings segment accounted for the largest revenue share of 46.8% in 2023 and is expected to grow at the fastest CAGR of 7.1% during the forecast period. The home care settings segment benefits from wearable bioelectronic skin patches by allowing remote monitoring of patients' health, reducing hospital visits and enhancing comfort. These patches provide real-time data, enabling caregivers to manage chronic conditions more effectively at home.
- In 2023, North America dominated with a share of 33.1% due to advanced healthcare infrastructure, high consumer adoption of wearable technology, and increasing prevalence of chronic diseases. Strong investment in research and development, along with supportive regulatory frameworks, further drives market growth in the region and Asia Pacific is expected to grow at the fastest CAGR of 7.0% during the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Segment Definitions
- 1.2.1. Type
- 1.2.2. Application
- 1.2.3. End Use
- 1.2.4. Regional scope
- 1.2.5. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.4.5.1. Data for primary interviews in North America
- 1.4.5.2. Data for primary interviews in Europe
- 1.4.5.3. Data for primary interviews in Asia Pacific
- 1.4.5.4. Data for primary interviews in Latin America
- 1.4.5.5. Data for Primary interviews in MEA
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. Application outlook
- 2.2.3. End Use outlook
- 2.3. Regional outlook
- 2.4. Competitive Insights
Chapter 3. Wearable Bioelectronic Skin Patches Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing prevalence of chronic diseases
- 3.2.1.2. Technological advancements
- 3.2.1.3. Increasing demand for remote health monitoring
- 3.2.1.4. Rising awareness of early disease detection
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Stringent regulations
- 3.3. Wearable Bioelectronic Skin Patches Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of suppliers
- 3.3.1.2. Bargaining power of buyers
- 3.3.1.3. Threat of substitutes
- 3.3.1.4. Threat of new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Wearable Bioelectronic Skin Patches Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Wearable Bioelectronic Skin Patches Market: Type Movement Analysis
- 4.3. Wearable Bioelectronic Skin Patches Market by Type Outlook (USD Million)
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5. Electrochemical Sensors
- 4.5.1. Electrochemical Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. ECG Sensors
- 4.6.1. ECG Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Temperature Sensors
- 4.7.1. Temperature Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Electromyography (EMG) Sensors
- 4.8.1. Electromyography (EMG) Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.9. Others
- 4.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Wearable bioelectronic skin patches Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Wearable Bioelectronic Skin Patches Market: Application Movement Analysis
- 5.3. Wearable Bioelectronic Skin Patches Market by Application Outlook (USD Million)
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5. Fitness and Wellness
- 5.5.1. Fitness and Wellness Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Medical Monitoring
- 5.6.1. Medical Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Wearable Bioelectronic Skin Patches Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Wearable Bioelectronic Skin Patches Market: End Use Movement Analysis
- 6.3. Wearable Bioelectronic Skin Patches Market by End Use Outlook (USD Million)
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.5. Hospitals & Clinics
- 6.5.1. Hospitals & Clinics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Home Care Settings
- 6.6.1. Home Care Settings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Wearable Bioelectronic Skin Patches Market: Regional Estimates & Trend Analysis
- 7.1. Regional Dashboard
- 7.2. Regional Wearable Bioelectronic Skin Patches Market movement analysis
- 7.3. Wearable Bioelectronic Skin Patches Market: Regional Estimates & Trend Analysis by Type, Application & End Use
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.5. North America
- 7.5.1. North America Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. U.S.
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Competitive Scenario
- 7.5.2.3. Regulatory Framework
- 7.5.2.4. Reimbursement scenario
- 7.5.2.5. U.S. Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Canada
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Competitive Scenario
- 7.5.3.3. Regulatory Framework
- 7.5.3.4. Reimbursement scenario
- 7.5.3.5. Canada Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.4. Mexico
- 7.5.4.1. Key Country Dynamics
- 7.5.4.2. Competitive Scenario
- 7.5.4.3. Regulatory Framework
- 7.5.4.4. Reimbursement scenario
- 7.5.4.5. Mexico Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Europe
- 7.6.1. Europe Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UK
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Competitive Scenario
- 7.6.2.3. Regulatory Framework
- 7.6.2.4. Reimbursement scenario
- 7.6.2.6. UK Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Germany
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. Competitive Scenario
- 7.6.3.3. Regulatory Framework
- 7.6.3.4. Reimbursement scenario
- 7.6.3.5. Germany Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. France
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. Competitive Scenario
- 7.6.4.3. Regulatory Framework
- 7.6.4.4. Reimbursement scenario
- 7.6.4.5. France Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5. Italy
- 7.6.5.1. Key Country Dynamics
- 7.6.5.2. Competitive Scenario
- 7.6.5.3. Regulatory Framework
- 7.6.5.4. Reimbursement scenario
- 7.6.5.5. Italy Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.6. Spain
- 7.6.6.1. Key Country Dynamics
- 7.6.6.2. Competitive Scenario
- 7.6.6.3. Regulatory Framework
- 7.6.6.4. Reimbursement scenario
- 7.6.6.5. Spain Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.7. Denmark
- 7.6.7.1. Key Country Dynamics
- 7.6.7.2. Competitive Scenario
- 7.6.7.3. Regulatory Framework
- 7.6.7.4. Reimbursement scenario
- 7.6.7.5. Denmark Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.8. Sweden
- 7.6.8.1. Key Country Dynamics
- 7.6.8.2. Competitive Scenario
- 7.6.8.3. Regulatory Framework
- 7.6.8.4. Reimbursement scenario
- 7.6.8.5. Sweden Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.9. Norway
- 7.6.9.1. Key Country Dynamics
- 7.6.9.2. Competitive Scenario
- 7.6.9.3. Regulatory Framework
- 7.6.9.4. Reimbursement scenario
- 7.5.9.5. Norway Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Asia Pacific
- 7.7.1. Asia Pacific Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7.2. Japan
- 7.7.2.1. Key Country Dynamics
- 7.7.2.2. Competitive Scenario
- 7.7.2.3. Regulatory Framework
- 7.7.2.4. Reimbursement scenario
- 7.7.2.5. Japan Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7.3. China
- 7.7.3.1. Key Country Dynamics
- 7.7.3.2. Competitive Scenario
- 7.7.3.3. Regulatory Framework
- 7.7.3.4. Reimbursement scenario
- 7.7.3.5. China Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7.4. India
- 7.7.4.1. Key Country Dynamics
- 7.7.4.2. Competitive Scenario
- 7.7.4.3. Regulatory Framework
- 7.7.4.4. Reimbursement scenario
- 7.7.4.5. India Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7.5. South Korea
- 7.7.5.1. Key Country Dynamics
- 7.7.5.2. Competitive Scenario
- 7.7.5.3. Regulatory Framework
- 7.7.5.4. Reimbursement scenario
- 7.7.5.5. South Korea Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7.6. Australia
- 7.7.6.1. Key Country Dynamics
- 7.7.6.2. Competitive Scenario
- 7.7.6.3. Regulatory Framework
- 7.7.6.4. Reimbursement scenario
- 7.7.6.5. Australia Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7.7. Thailand
- 7.7.7.1. Key Country Dynamics
- 7.7.7.2. Competitive Scenario
- 7.7.7.3. Regulatory Framework
- 7.7.7.4. Reimbursement scenario
- 7.7.7.5. Thailand Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Latin America
- 7.8.1. Latin America Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8.2. Brazil
- 7.8.2.1. Key Country Dynamics
- 7.8.2.2. Competitive Scenario
- 7.8.2.3. Regulatory Framework
- 7.8.2.4. Reimbursement scenario
- 7.8.2.5. Brazil Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8.3. Argentina
- 7.8.3.1. Key Country Dynamics
- 7.8.3.2. Competitive Scenario
- 7.8.3.3. Regulatory Framework
- 7.8.3.4. Reimbursement scenario
- 7.8.3.5. Argentina Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9. Middle East & Africa
- 7.9.1. Middle East & Africa Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9.2. South Africa
- 7.9.2.1. Key Country Dynamics
- 7.9.2.2. Competitive Scenario
- 7.9.2.3. Regulatory Framework
- 7.9.2.4. Reimbursement scenario
- 7.9.2.5. South Africa Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9.3. Saudi Arabia
- 7.9.3.1. Key Country Dynamics
- 7.9.3.2. Competitive Scenario
- 7.9.3.3. Regulatory Framework
- 7.9.3.4. Reimbursement scenario
- 7.9.3.5. Saudi Arabia Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9.4. UAE
- 7.9.4.1. Key Country Dynamics
- 7.9.4.2. Competitive Scenario
- 7.9.4.3. Regulatory Framework
- 7.9.4.4. Reimbursement scenario
- 7.9.4.5. UAE Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9.5. Kuwait
- 7.9.5.1. Key Country Dynamics
- 7.9.5.2. Competitive Scenario
- 7.9.5.3. Regulatory Framework
- 7.9.5.4. Reimbursement scenario
- 7.9.5.5. Kuwait Wearable Bioelectronic Skin Patches Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Market Participant Categorization
- 8.2. Key Company Profiles
- 8.2.1. 3M
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. Koninklijke Philips
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. GE Healthcare
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. Insulet Corporation
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Intelesens Ltd
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. The Surgical Company
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. iRhythm Technologies, Inc.
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Epicore Biosystems, Inc
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Gentag, Inc.
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. MC10
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives