07.01.19
"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
Continue reading this story and get 24/7 access to The Independent Global Source for the Flexible and Printed Electronics Industry. for FREE
Stay ahead of the fast growing field of flexible and printed electronics, an emerging industry that promises to revolutionize the methods in which electronic components and systems are manufactured. Flexible and printed electronics covers smart packaging and labels, sensors and wearables, solar cells, displays and lighting, batteries, medical devices, military equipment, and much more.
FREE SUBSCRIPTION
