Wearables

• [New] Shipments of wearable devices will reach $500 million by 2021 as more bettors opt for bracelets and watches that are capable of making payments.
• [New] As AI becomes more common in health care, Israel's prowess could inspire a new wave of startups that focus on developing SaMD algorithms, connected devices, and wearables.
• [New] Continued improvements in all aspects of AR wearables will eventually result in a smoother experience for consumer-grade wearables from the likes of Apple when they do finally hit shelves.
• If current growth trends continue, global wearable sales will top 2 billion units and overtake smartphone sales before the end of the decade.
• If the growth rate continues, by the end of the decade, sales of wearable devices will exceed 2 billion units per year, exceeding sales of smartphones.
• The wearables market has begun to shift away from wrist-based devices such as smartwatches and fitness trackers, with other device categories forecast to grow much faster.
• Consumers currently pay companies huge sums of money for access to technology as part of an industry that Gartner, Inc. predicts will reach $63 billion by 2021, and every time consumers use wearable devices, they are giving away their personal data for free.
• Increasing penetration of smart phones and there compatibility with smart wearable devices are expected to foster the growth of global pregnancy device market in near future.
• Asia Pacific region is expected to experience a remarkable growth in market of pregnancy wearable devices during the forecast period.
• The demand for wearables is expected to remain strong in 2021, driven by growing demand for health monitoring and remote work.
• Attractive Swiss wearable partners have already joined in and will launch their smart products based on Fidesmo Pay in the near future.
• The consumer's tendency towards highly advanced smart wearables is expected to build opportunities in the global market.
• The demand for wearables is projected to jump in the next few years as more consumers exhibit interest in sharing their wearable data with their providers and insurers.
• Digital health with wearable devices will play an increasing role in the management of hypertension in Asia and beyond.
• The evolution of wearable tech will have increasing impact on consumption habits In 2021, opportunities for FMCG companies to develop smart tech are growing as consumer demands and IoT technology will continue to evolve.
• The introduction of health measures to self-track COVID-19 symptoms, along with increasing interest from consumers in their personal health and wellness during global lockdowns, presented a significant opportunity for the wearables market.
• Companies like Sentio are rushing to integrate wearables as part of one's mental health routine as the market for wearable devices is expected to balloon to $57.7 million by 2022.
• Amongst medical devices, wearable external medical devices accounted for the largest share and is expected to grow at 18.7% CAGR during the forecast period 2021-2027.
• The Europe wearable cardioverter defibrillators market is expected to reach a market size of around USD 320,000 thousand by 2028 owing to the increasing demand for advanced medical devices owing to the changing medical practices and the rise of new manufacturing technologies.
• Self-monitoring programs come in a variety of forms, but one that's enjoying encouraging outcomes is wearable devices - a market that's expected to eclipse more than $27 million by 2023, up from just $8 million in 2017.

Last updated: 11 April 2021