In 2018, the wearable tech market was worth approximately $23bn and is likely to grow to $54bn by 2023, witnessing a compound annual growth rate (CAGR) of 19%, according to GlobalData forecasts.
Wearables have been adopted in a wide range of fields; however, they have their greatest potential in healthcare to address spiralling healthcare costs, aging populations, and the burden of chronic disease.
Below are some of the key technology themes impacting the global wearable tech in healthcare industry as identified by GlobalData.