The demand for wearables in health care has grown tremendously. Although relatively recent, the wearable healthcare industry is expecting a massive surge. What has fuelled the growth is the release of the blue tooth in the early 2000s.
Since then, wearable health has advanced beyond what one could think those days. Wearable health is beneficial for the elderly and in managing diseases such as cardiovascular disease or diabetes. Applicability of wearables for elders is perhaps what led to the rapid surge in and steady growth of wearables.
Smartwatches would be the most common and most famous example of health wearables. You have smartwatches from almost all tech giants, including Samsung, Google, and Apple. Based on the model, these smartwatches can carry out crucial functions like level of saturated oxygen, sleep patterns, electrocardiograms, or even blood pressure.
Now wearables are an essential part of almost all aspects of healthcare. Wearables have come a long way forward from devices that could be worn on your body. Now, we can look forward to implantables and insideables. These work from inside our bodies and are expected to be used heavily in the near future.
With more research and devices expected in the near future in the wearable section, heavy growth is predicted in the coming years. Furthermore, with more experiments scheduled in the near future, health wearables are expected to revolutionize the healthcare sector.
Towards 2021, the worldwide wearable medical devices market was worth about USD 21.3 billion. With an expected CAGR of 28.1 % within the forecast period, i.e., from 2022 to 2030, tremendous growth is expected.
Home health care has been steadily growing in the last few years. The same applies to remote patient monitoring services as well. In addition, the ongoing pandemic has been another growth-promoting factor for the sector. Lastly, people across the globe have become more health conscious and are more aware of these devices and their use.