Wearable Technology in Healthcare: Increase the adoption of wearable medical devices

Growing awareness campaigns and globally introducing exercise services, particularly in developing nations, would increase the adoption of wearable medical devices to control physical activity. Increasing consumer demand for fitness wearables would support market development, mainly among teens. In addition, increasing obese population, contributing to more physical activity, would raise demand for wearable medical devices such as Fitbit and smart watches in the upcoming period.

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Wearables were implemented in a wide variety of fields; however, they have their biggest healthcare ability to resolve spiralling healthcare costs, ageing demographics, and chronic disease burden.

Key companies

Abbott Laboratories, ActionSense Ltd, AerBetic, Inc., Cosinuss GmbH, Debiotech S.A., Dexcom, dorsaVi Ltd, Ectosense, Elitac B.V., Epicore Biosystems