Galvanic Skin Response Sensor Market Outlook
According to the report by Expert Market Research (EMR), the global galvanic skin response sensor market size is being driven by the growing biosensor market, which grew significantly in 2023. Aided by the rising investments in the healthcare sector by government and non-government players and rising development of health monitoring devices, the biosensor market is projected to further grow at a CAGR of 8.3% between 2024 and 2032.
Bullous pemphigoid is a chronic autoimmune skin disorder characterised by large, tense blisters on the skin surface. It predominantly affects the elderly population. The exact cause is unknown, but it involves the immune system attacking proteins in the skin layers. The treatment mainly involves immunosuppressant drugs, corticosteroids, and, in some cases, biological therapy.
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The prevalence of bullous pemphigoid is significantly higher among the elderly population. The global increase in life expectancy and the resulting rise in the elderly population are contributing to the growing number of bullous pemphigoid cases, thereby driving the galvanic skin response sensor market growth.
Rising awareness of bullous pemphigoid among healthcare professionals and the public has led to an increased rate of diagnosis, contributing to the growing demand for treatment options. The development of newer and more effective treatments, including biological therapies and targeted treatments, is driving market expansion. These advances offer potential for less toxic and more effective management of the disease.
North America holds a significant galvanic skin response sensor market share due to advanced healthcare infrastructure, high awareness levels, and availability of advanced treatment options. Europe follows closely, while the Asia-Pacific region is expected to witness significant growth due to rising healthcare expenditure and increasing awareness of the condition.
As research progresses, biological and targeted therapies are expected to become more central in the treatment of bullous pemphigoid, offering potential for more effective and less toxic options compared to traditional treatments.
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Advances in understanding the pathogenesis of bullous pemphigoid are likely to lead to more personalised and targeted treatment strategies, based on individual patient characteristics and genetics.
Galvanic Skin Response Sensor Market Segmentation
The market can be divided based on device type, end use, and region.
Market Breakup by Device Type
- Wired
- Wireless
Market Breakup by End Use
- Hospitals
- Research Institutes
- Diagnostic Centres
- Homecare Settings
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global galvanic skin response sensor market. Some of the major players explored in the report by Expert Market Research are as follows:
- Maxim Integrated Products Inc.
- Mindfield Biosystems Ltd.
- Shimmer Research Ltd
- Brain Support Corporation
- Others
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