Medical wearables and sensors ecosystem maturing to sustain a 31% market growth, per Yole Développement.
"In today’s wearable technology market, the vast majority of growth has been in consumer sports, fitness, and wellness,” said Jérôme Mouly, senior Technology & Market Analyst at Yole Développement. “However, wearable devices are rapidly expanding for health and medical uses. At Yole, we think, this market should reach US$32 billion by 2024 with a year-to-year 31% growth between 2018 and 2024. In the meantime, the global sensor market for medical wearables, including CGM, is expected to reach US$2.8 billion in 2024, with a 21.6% CAGR during the same period.”
Smartphone ubiquity, sensor miniaturization, and ease of integration have increased the number of wearable products on the market, to the point where such products are now achieving performance levels suitable for medical use-cases.
But how will medical wearables make patients healthier – and why now?
Yole Group of Companies inc
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