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#News(General) [ via IoTForIndiaGroup ]
New findings from Juniper Research reveal that wearables, including health trackers and remote patient monitoring devices, are set to become ‘must haves’ in delivering healthcare, with US$20 billion (€17.4 billion) forecast to be spent annually on these devices by 2023.
Meanwhile, assistive hearables, or connected hearing aids made available via healthcare providers, as well as directly to customers at varying price models, will mean this sector generates revenues of over $40 billion(€34.9 billion) by 2022.
The new research, Digital Health: Disruptor Analysis, Country Readiness & Technology Forecasts 2018-2023, found that adoption of healthcare wearables will be driven by improvements in remote patient monitoring technology, in addition to increased adoption by medical institutions. Juniper forecasts that 5 million individuals will be remotely monitored by healthcare providers by 2023.
The research forecasts that the advanced ability of AI-enabled software analytics to proactively identify individuals at risk of their condition worsening will witness increased confidence among medical practitioners and regulators with regard to sensor accuracy.
Wearables to become $855mn service opportunity
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