Healthcare DIVE June 4, 2020
Dive Brief:
- Manufacturers are now expected to ship out 27 million fewer wearables this year than previously forecast as consumers cut down on non-essential purchases and supply chains flag amid the COVID-19 pandemic, according to global tech market advisory firm ABI Research.
- Researchers now expect wearables shipments in 2020 to be 254 million, instead of the previously forecast 281 million. That represents an almost 10% drop, though still a slight increase from 2019’s volume of 241 million shipments.
- Analysts expect a drawn-out recovery for the sector as wearables bolster their advanced health monitoring features and consumers remain increasingly health-conscious, buoying the wearables market in the second half of 2020 and clearing the path for an expected 289 million wearable...
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