Wearables

• [New] Heart rate data from Google's app will not be as comprehensive as the types of readings delivered by smartwatches and other wearables.
• [New] Heart rate data from Google's app will be less comprehensive than the types of readings someone could get from a wearable device, which can continuously monitor something like heart rate as someone goes through their daily life.
• [New] Sales of wearable electronic devices - including smartwatches - are projected to top 73 billion by 2022 and people can buy drones with ease while kids can get hologram toys for as little as $15.49 on Amazon.
• Xiaomi's self-developed space isolation charging technology in the future will work with all kinds of wearable devices including smartwatches and bracelets.
• Sales of mobile gaming, AR, and VR devices are expected to increase at a compound annual growth rate of 65% between 2020 and 2024 and the use of wearable devices, such as watches and eyewear, will rise sharply over the next five years.
• In 2021, proactive engagement using wearables and sensors to detect patients' health at home will surge.
• Wearable devices are being used to transform healthcare across all sectors of the industry, whether in hospitals or at home, for all ages and conditions: Global market revenue could reach US$ 67.2 billion by 2030 (from US$ 10.6 billion in 2019).
• As consumers find new devices and applications they can use to protect and monitor themselves, worldwide end-user spending on wearable devices will total $81.5 billion in 2021, an 18.1% increase from $69 billion in 2020.
• In the near future, Xiaomi says, its self-developed space isolation charging technology will be able to work with smart watches, bracelets and other wearable devices.
• Smart patches have been added as a new category in the latest Gartner forecast for wearable electronic devices as they are projected to see significant growth in 2021.
• 2021 will be the year where wearables will make a giant leap with devices that monitor blood Oxygen saturation, heart rate, social distancing, and more.
• Shipments of wearables to companies are expected to reach 154 million units by 2021.
• Global Wearable Display Market was valued at USD 1.20 Billion in 2018 and is projected to reach USD 5.03 Billion by 2026, growing at a CAGR of 19.52% from 2019 to 2026.
• Sales of wearables are expected to improve in the second half of the year when devices such as the Apple Watch are updated.
• By 2025, the IoT market is expected to grow to around 75 billion connected devices-cars, home appliances and sensors, wearable computers, smart office tools, equipment in smart factories, and more besides.
• Manufacturers are now expected to ship out 27 million fewer wearables this year than previously forecast as consumers cut down on non-essential purchases and supply chains flag amid the COVID-19 pandemic.
• Facebook's AR/VR head, Andrew Bosworth, sees neural input tech emerging at Facebook within three to five years, where it could end up being combined with wearable devices like smart glasses.
• Wearables with advanced health monitoring features will begin to buoy the wearables market in the second half of 2020.
• The global medical wearables market is projected to reach USD 19.5 billion by 2025 from USD 7.4 billion in 2020, at a high CAGR of 21.4% during the forecast period of 2020 to 2025.
• In the last 2-3 years, IoMT has majorly impacted the Healthcare Industry to such an extent that according to a study 87% of health organizations plan to adopt IoT technology by 2020.
• The Wearable Technology Market was valued at USD 27.91 billion in 2019 and is expected to reach USD 74.03 billion by 2025, at a CAGR of 17.65% over the forecast period 2020-2025.
• The wearable injectors market and it is poised to grow by USD 4.12 billion during 2020-2024, progressing at a CAGR of almost 11% during the forecast period.
• Self-monitoring applications come in many forms, but one that's seeing promising returns is wearable devices, a market that's expected to reach more than $27 million in 2023, up from $8 million in 2017.

Last updated: 21 February 2021