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Global Galvanic Skin Response Sensor Market: By Device Type: Wired, Wireless; By End Use: Hospitals, Research Institutes, Diagnostic Centres, Homecare Settings, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Galvanic Skin Response Sensor Market Outlook
The global galvanic skin response sensor market is being driven by the growing biosensor market, which reached a value of USD 19.2 billion in 2020. The biosensor market is further expected to grow at a CAGR of 8.3% in the forecast period of 2021-2026 to reach a value of around USD 34.1 billion by 2026.
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North America to be a Significant Regional Market for the Galvanic Skin Response Sensor Industry
The global market for galvanic skin response sensor is significantly aided by the industry growth in North America. North America has the one of the largest market share in the market for galvanic skin sensor response due to significant technological advancements in the healthcare and medical sector in the region as well as increased investments in research and development. In addition, the market growth is driven by the high adoption of smartwatches and wearable medical devices in the region. Europe is also a significant regional market in terms of demand for galvanic skin response sensors. The European market is driven primarily by a growing appetite for continuous patient monitoring and diagnosis. The Asia Pacific is expected to emerge as a major market in the coming years aided by the growing technological advancements, an increase in disposable income, as well as rising investments by different players.
Galvanic Skin Response Sensor: Industry Definition and Segmentation
Galvanic skin reaction is often referred to as skin conductance or electrodermal operation, which aids in measuring the skin's conductivity and the moisture content of the skin. It is because the sweat glands are powered by a sympathetic nervous system and also by moments of intense emotion, which creates changes in the electrical resistance of the skin. The galvanic skin response sensor serves as an indicator of physiological and psychological arousal.
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Based on device type, the industry can be divided into the following:
- Wired
- Wireless
Galvanic skin response sensor finds its end-uses in the following sectors:
- Hospitals
- Research Institutes
- Diagnostic Centres
- Homecare Settings
- Others
The regional markets for galvanic skin response sensor can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technological Developments Bolstering the Market Growth of Galvanic Skin Response Sensor
The galvanic skin response sensor is available in the form of a wearable sensor. The design and development of these health monitoring devices, which increase the comfort of the user, has received a great deal of attention, which is driving the demand for the galvanic skin response sensor. The galvanic skin sensor response industry is primarily driven by the rising investments in the healthcare sector by government and non-government players. The market is also powered by technological advancements in miniature biosensor systems, microelectronics, smart textiles, and wireless communication and the availability of low-cost galvanic skin response sensors in low-cost, portable solutions for any location and continuous day-to-day mental, health, and behaviour tracking.
Key Industry Players in the Global Galvanic Skin Response Sensor Market
The report gives a detailed analysis of the following key players in the global galvanic skin response sensor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Maxim Integrated Products Inc.
- Mindfield Biosystems Ltd.
- Shimmer Research Ltd
- Brain Support Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Galvanic Skin Response Sensor Market Analysis
8.1 Key Industry Highlights
8.2 Global Galvanic Skin Response Sensor Historical Market (2016-2020)
8.3 Global Galvanic Skin Response Sensor Market Forecast (2021-2026)
8.4 Global Galvanic Skin Response Sensor Market by Device Type
8.4.1 Wired
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Wireless
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Galvanic Skin Response Sensor Market by End Use
8.5.1 Hospitals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Research Institutes
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Diagnostic Centres
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Homecare Settings
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Galvanic Skin Response Sensor Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Maxim Integrated Products Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Mindfield Biosystems Ltd.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Shimmer Research Ltd
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Brain Support Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Industry Events and Development
List of Figures and Tables
1. Global Galvanic Skin Response Sensor Market: Key Industry Highlights, 2016 and 2026
2. Global Galvanic Skin Response Sensor Historical Market: Breakup by Device Type (USD Billion), 2016-2020
3. Global Galvanic Skin Response Sensor Market Forecast: Breakup by Device Type (USD Billion), 2021-2026
4. Global Galvanic Skin Response Sensor Historical Market: Breakup by End Use (USD Billion), 2016-2020
5. Global Galvanic Skin Response Sensor Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6. Global Galvanic Skin Response Sensor Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Galvanic Skin Response Sensor Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Galvanic Skin Response Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Galvanic Skin Response Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Galvanic Skin Response Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Galvanic Skin Response Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Galvanic Skin Response Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Galvanic Skin Response Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Galvanic Skin Response Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Galvanic Skin Response Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Galvanic Skin Response Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Galvanic Skin Response Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Galvanic Skin Response Sensor Market Structure
Key Questions Answered in the Report
The global galvanic skin response sensor market is being aided by the growth of the biosensor market, which attained a value of nearly USD 19.2 billion in 2020.
The biosensor market is projected to grow at a CAGR of 8.3% between 2021 and 2026, further aiding the galvanic skin response sensor industry growth.
The biosensor market is estimated to reach about USD 34.1 billion by 2026 and is projected to continue to support the growth of the galvanic skin response sensor industry.
The growth of the industry is being driven by the rising population, increased disposable incomes, increasing technological advancements, growing adoption of wearable medical devices, and increasing R&D activities.
The increasing investments in healthcare by government and non-government players is an important industry trend expected to guide the growth of the market in the coming years.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading device types in the market are wired and wireless.
The major end use sectors in the industry are hospitals, research institutes, diagnostic centres, and homecare settings, among others.
The major players in the industry are Maxim Integrated Products Inc., Mindfield Biosystems Ltd., Shimmer Research Ltd, and Brain Support Corporation, among others.
Analyst Review
The global galvanic skin response sensor market is being driven by the rising biosensor industry, which reached a value of USD 19.2 billion in 2020. Aided by the growing R&D activities, the biosensor market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8.3%. The biosensor market is projected to reach USD 34.1 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By device type, the market is bifurcated into wired and wireless. Based on end use, the industry is divided into hospitals, research institutes, diagnostic centres, and homecare settings, among others. The major regional markets for galvanic skin response sensor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Maxim Integrated Products Inc., Mindfield Biosystems Ltd., Shimmer Research Ltd, and Brain Support Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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