Printed Electronics Market Revenue Poised for Significant Growth During the Forecast Period

The global printed electronics market size was USD 8.66 Billion in 2021 and is expected to register a revenue CAGR of 22.3% during the forecast period, according to latest analysis by Emergen Research. Increasing applications of printed electronics in medical devices is a major factor driving market revenue growth. Printed electronics have aided in manufacturing of high-performance, cost-effective, and flexible medical devices such as smart sensors, displays, smart labels, smart Personal Protective Equipment (PPE), and others. They have also facilitated incorporation of various new features in these products. Technologies, such as smart labels and others, enable healthcare professionals to monitor a patient remotely and check for vital functions. In addition, printed electronics are also witnessing a large-scale application in medical implants, smart cards, and others, which is primarily attributed to their lightweight and compact nature. It is incorporated in devices that aid in tracking usage of drugs and alerting patients as and when required.

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