Wearables market to hit $54B in 2023

The wearable technology market reached $23 billion in 2018 and is projected to more than double to $54 billion by 2023, according to a new report from GlobalData.

Wearables, which are smart electronic devices that can be worn or incorporated into clothing to track various health and wellness measures, are already ramping up in the healthcare space and taking on some serious clinical work. Recent studies have found wearables helpful in predicting the onset of acute exacerbation in OCPD patients, improving adherence among ischemic heart disease patients, and more thanks to data collection.

The $54 billion estimate is close to another projection from Juniper Research that sees...