IDTechEx's latest report on the topic has found that wearable technology products will be worth over $50bn in 2019. In fact, the total market size has doubled in size since 2014, placing wearables as one of the most consistently successful markets around consumer electronics in the last 5 years. However, in 2019 headlines have been less frequent, investment has become more focused, and generally the hype around wearables has all but faded. IDTechEx's most comprehensive study of wearable technology looks at how this sector has evolved over the last few years, and how things will change in the coming decade.

IDTechEx, expert providers of market intelligence in emerging technologies, have forecast the medical wearables market to be worth $19.7 billion by the year 2024 in their latest research. This market will be driven by the demand for continuous health monitoring and point-of-care diagnostics for the management of chronic diseases.