CNBC December 12, 2021
Key Points
– The global market for wearable health and fitness devices — including sensor-laden watches, wrist bands, rings, skin patches, eyeglasses and clothing — reached more than $36 billion in 2020 and is projected to reach over $100 billion by 2028.
– That has been fueled by the growth in popularity of wearables from Apple, Amazon, Google, and other tech and wellness companies that evolved the devices beyond just basic fitness trackers.
– Now there is an increasing interest in incorporating a wider range of medical data from these trackers into the digital health ecosystem.
Fitness trackers from companies like Apple, Amazon, and Google are making a significant shift from being low-tech devices that counted steps to now becoming...
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