Wearable tech devices give rise to innovative options in healthcare
PR Newswire | July 14, 2020
In a time of a pandemic, new innovations solutions to health problems are in need. One group of devices that got more attention as a result are wearable devices. The growing popularity of the Internet of Things (IoT) and connected devices, as well as the rising population of more technologically adept persons is expected to drive the demand. Before the pandemic, wearables for medical purposes were also gaining momentum, in part thanks to concerns of obesity and other chronic diseases. This, in part, has led to the adoption of wearable products such as body monitors and activity trackers. Such devices offer real-time information about the user's overall health and were designed to collect and report information such as blood pressure, oxygen levels, quality and quantity of sleep, calorie intake, cholesterol levels, heartbeat monitoring, along with other information required by the body for day-to-day activities. Furthermore, according to Grand View Research, Inc., the global wearable technology market size was valued at USD 32.63 Billion in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 15.9% from 2020 to 2027.