Global Flexible Electronics Market Growth, Market Size, Share and Forecast

Posted by OMR Global on January 3rd, 2020

The global flexible electronics is projected to grow at a CAGR of 14.7% during the forecast period (2018-2023). The growing adoption of flexible devices across different applications such as automotive and consumer electronics is one of the major factors that drive the growth of the global flexible electronics market. Increasing demand for biosensors in healthcare such as x-ray detectors and health monitoring devices is significantly contributing to the development of advanced healthcare products. Biosensors are increasingly adopted in the healthcare domain due to its effectiveness and accuracy in disease detection, diagnosis and treatment. Biosensors are optical, electrical, piezoelectrical devices that detect biological compounds such as nucleic acids and proteins. 

A full report description of "Flexible Electronics Market) - Industry Size, Global Trends, Competitive Analysis and Forecast, 2018-2023" at https://www.omrglobal.com/industry-reports/flexible-electronics-market

Biosensors are significantly used in the flexible electronics industry and are considered to be an important tool for early diagnosis in diabetes disease. Diabetes is one of the rapidly increasing chronic conditions in current times. The diabetic population has witnessed an exponential rise. Change in lifestyle, eating habits, family history and reduced physical workout have led to an increase in obesity, which is the major cause of type 2 diabetes in adults. According to the IDF (International Diabetes Federation), the diabetic population is projected to reach 642 million by 2040. Biosensors have significantly established their applications in healthcare in the measurement of blood metabolites such as glucose, lactate, urea and creatinine, diabetes therapy, cardiovascular disease biomarkers and cancer biomarkers.  

Moreover, biological elements and physiochemical detectors are inbuilt in the biosensors which are used to detect analytes. R&D and technological advancement in biosensors introduced a wide range of applications ranging from screening for diseases and diagnosis to remote monitoring. Biosensors are being used in a variety of research and commercial applications for cost-effective, sensitive and accurate detection. Biosensors also have linearity, selectivity and quick response time that is considered to be effective in disease detection and treatment. Biosensors are also used in molecular diagnosis, crime detection, drug development, manufacturing pharmaceuticals, and organ replacement. Biosensors are point-of-care devices (POC) that analyze clinical samples and involve specific markers for specificity and efficiency. 

Moreover, R&D exploration is expected to bring innovation in existing biosensors that are used for clinical purposes, which in turn, is expected to propel the global flexible electronics market growth. R&D will further improve sensitivity, accuracy with rapid, simple hand-held testing devices in medicine. In 2017, molecular diagnostic methods such as enzyme-linked immunosorbent assay and PCR (Polymerase chain reaction) require highly skilled personnel and expensive chemicals are used that are time-consuming and expensive. The use of flexible biosensors may reduce the time required in the molecular diagnostic methods. Technological advancement through R&D will further boost the adoption of biosensors in orthopedics, neurology, urology, cardiovascular diseases, diabetes, ophthalmologic and audiologic surgery. 

Global Flexible Electronics Market - Segment

By Components

• Flexible Displays 
• Flexible Battery
• Flexible Sensors
• Flexible Memory 

By Application

• Consumer Electronics
• Healthcare
• Automotive
• Energy and Power
• Defense and Aerospace
• Others 

Global Flexible Electronics Market - Regional

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America 

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