Medical wearables market to be worth $19.7 billion by 2024
Following these market trends over the past ten years, IDTechEx has launched a brand-new event, Healthcare Sensor Innovations, to highlight the role that technology will play in changing the face of healthcare. The conference and table-top exhibition will take place on 25th and 26th of September 2019 at The Gillespie Centre in Clare College, Cambridge, UK.
Point-of-care diagnostics and continuous monitoring are key to the management of rising healthcare costs due to increasing populations of people with chronic diseases. One in two adults in the US have a chronic disease, and one in four adults has two or more. Patients with chronic diseases require close monitoring over a long period, making these diseases very costly to manage. An example of technology’s potential in healthcare is the continuous glucose monitoring (CGM) device. These wearable patches improve a person’s management of their condition and decreases their chances of costly health crises by providing continuous monitoring of their health status. As such, IDTechEx have forecast the market for CGM devices to grow at a CAGR of 13.5% over the next 10 years.
IDTechEx – www.IDTechEx.com
Related articles:
Glucose sensor bracelet is self-powered
Google to access health data at the source
Standard on smart body area networks to facilitate eHealth
Wireless biosensor platform targets health-monitoring wearables
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
