The global wearable medical device market is valued at just more than $13.2 billion for 2016, per Kalorama Information. The wearable technology industry, in general, is continuing to expand and healthcare is no exception. In fact, healthcare is among the fastest growing segments for wearables due to the overwhelming need to monitor diseases and aging populations. The healthcare market research firm’s report, “The Market for Wearable Devices,” examines the global market, providing market size and forecasts.
Wearable devices are no longer just focusing on one measurement – such as the number of steps taken in a day – but are focusing on a variety of bodily measurements such as heart rate, breathing, blood pressure and many others. Advances in wearable medical devices include new miniaturized sensors; peripherals; real-time measurements and interactions, wireless communication, sort-and-analyze features, portability and data transfer capabilities.