Wearable Technology

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.

IDTechEx, leading market and technology research firm, have released their most comprehensive report covering the wearable technology industry. "Wearable Technology Forecasts 2019-2029" includes historic market data back to 2010 and 10-year market forecasts for 48 different types of wearable electronic product. It includes dedicated and detailed chapters covering each of the key product areas within this diverse space, including smartwatches and fitness trackers, AR, VR & MR, electronic skin patches, smart clothing, hearables (including headphones and hearing aids) and more.

Flexible electronics and smart bandages are key to cost savings in the future of advanced wound care. Advanced wounds, referring to those that are non-healing for more than 4 weeks, are on the rise around the world. This is because there are an increasing number of people with poor wound healing ability, including the rising number of elderly people over 65 years of age, and the rising number of people with Type 2 diabetes.

The next wave of devices for diabetes management is wearable insulin pumps and continuous glucose monitors. These devices are already in use today and uptake is increasing. The devices remove a significant number of pain points from current technologies.

Commercial efforts around electronic textiles have been prominent for at least 25 years, starting with early patents and then early products throughout the 1990s. IDTechEx's latest research report in the area "E-Textiles 2019-2029: Technologies, Markets and Players", looks at how e-textile products have changed over time, both in terms of the hardware and the more general business model.

The new version of the IDTechEx report "E-textiles 2019-2029: Technologies, Markets and Players" includes brand new data about e-textiles revenue. The main forecast in the report focuses on specific product revenue across different sectors (including biometric monitoring, heating, lighting and other e-textiles), but for the first time, this report includes additional historic data and short term estimates for the total revenues of companies working in the space.

IDTechEx will be hosting a free webinar on Thursday 4 July 2019 titled Transforming Healthcare through Remote Patient Monitoring.

The latest IDTechEx Research report "Remote Patient Monitoring 2019-2029" covers trends, opportunities and outlook for the use of wearables and connected medical devices in the monitoring of patients outside of traditional clinical settings.

IDTechEx Research identifies opportunities in the growing $7.5 billion market for Electronic Skin Patches. IDTechEx Research has released a detailed update on their bestselling market research report "Electronic Skin Patches 2019-2029" Skin patches are arguably the most interesting, diverse and promising category within the entire wearable technology market.