MobiHealth News July 21, 2021
The market for wearable gadgets is set to get a boost from the overall booming consumer tech market, which is expected to generate a record-breaking $487 billion in revenue in this year, according to a report from the Consumer Technology Association (CTA).
The report projected shipments of connected health monitoring devices such as smart thermometers, pulse oximeters and blood pressure monitors would grow to 13 million units (up 23%) and earn $740 million in revenue – a 17% increase.
The total revenue of health and fitness tech will reach $13 billion in 2021, a 12% growth over last year, according to the report. Smartwatches, which allow users to maintain their fitness schedules and track metrics, will grow 8% in unit...
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