HIT Consultant June 21, 2019
HGP

Even though 2014 was supposed to be the “year of the wearable” according to Forbes, five years later we are now seeing the wearable reach maturity and mass-adoption. This increase in adoption has largely been driven by software and hardware stability which is now allowing these devices to be used with confidence to manage an individual’s health and wellness, including chronic condition management. The graphic below from Accenture shows the increase in technology usage across consumers to manage their health from 2016 to 2018.

Wearable technology is a rapidly growing market which includes devices that are consumer-oriented such as fitness monitors as well as medically oriented devices, such as mobile ECGs. The market in 2018 reached approximately $26 billion in...

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Topics: Investments, Market Research, mHealth, Patient / Consumer, Provider, Technology, Trends, Wearables
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