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Wearable Technologies are smart devices that can be worn on the user’s body and have advanced functions such as wireless connectivity, self processing capability, and analytics and so on. Wearable Technologies have variety of applications which include healthcare & medical, fitness & wellness, industrial, military and infotainment. Major drivers for the growth of wearable technologies market are demand for portable devices, demand for real time data analytics and so on. Moreover these devices are also used as a style statement among the young population, globally. Also, development in big data technologies such as cloud computing and Hadoop also support the growth of these smart devices.
This report focuses on Wearable Technologies in healthcare. Most of the wearable devices developed till date are concentrated around healthcare and wellness products. Major applications of wearable devices in healthcare include BP Monitors, CGM Devices, Smart Glasses, PERS, Insulin Pumps, ECG Monitors and so on. Increasing life expectancy rates and growing demand for preventive and long-term care are the major drivers for the growth of wearable technologies healthcare market. Data privacy and data traffic management is a challenge for the market. Major players in the Wearable Technologies healthcare market include Medtronic, Dexcom, Abbot, Bio devices, Cardiac Science.
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