MarketScale April 11, 2022
The healthcare industry, like all industries, is experiencing a significant shift in patient care with recent technological advancements. Especially with the increased demand for remote healthcare and telemedicine sparked by the onset of the pandemic in 2020. Wearable technology is gaining more traction and providing more solutions. Yahoo Finance reported that the industry of wearable devices in healthcare has grown from “$123.0 billion in 2021 to $151.68 billion in 2022. The global wireless healthcare market share is expected to grow to $313.20 billion in 2026 at a CAGR of 19.87%.”
Mainstream wearables include fitness trackers, like Fitbit and Apple Watches, that record general lifestyle habits and are becoming a part of patient history and analysis for physicians. We understand wearables...