Becker's Healthcare January 14, 2019
Jessica Kim Cohen

Wearables are set to become “must haves” in healthcare delivery, resulting in providers remotely monitoring an estimated 5 million patients by 2023, according to a report from market research firm Juniper Research.

Four things to know:

1. The healthcare industry will likely spend $20 billion annually on health trackers and remote patient monitoring devices by 2023. Assistive “hearables,” such as connected hearing aids, are forecasted to generate more than $40 billion in revenue in the same period. Together, healthcare spending in the wearables market is slated to reach $60 billion by 2023, according to the report.

2. Some of the trends driving the uptick in wearables spending are improvements to remote patient monitoring technology, including advancements...

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Topics: Digital Health, Market Research, Technology, Trends, Wearables
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