Telecom Lead America: The market for wearable wireless
devices is expected to reach 169.5 million devices in 2017, up from 20.77
million in 2011, a CAGR of 4 percent, says ABI Research.
The research study adds that the wearable devices will
see a massive uptake due to features such as small footprint, low-cost,
low-power, and standardized wireless connectivity.
The breadth of the potential for this market is not just
drawing in consumer giants like Nike and Adidas and established healthcare
players such as GE Healthcare and Philips, but a wealth of start-ups and
specialist players looking to wearable wireless devices to enable a wide range
of networked health applications and services,” said Jonathan Collins,
principal analyst, navigation, telematics & M2M.
The market of wearable devices is evolving very fast and
a new array of wearable devices are coming to market that will help track and
share data from a range of activities and conditions.
The study suggests that these devices will track the pace
of someone’s daily run, recognize a fall that might have injured a senior,
report the blood sugar level in a diabetic, and monitor the heart rate of a
patient in hospital.
Remote patient monitoring and on-site professional
healthcare use will represent just over 20 percent of the wearable wireless
device market by 2017, up from less than half that in 2011,” Collins added.
Wearable wireless medical devices to top 100 million units
Earlier, the market research firm said that the market
for wearable devices will reach more than 100 million units annually by 2016 as
a range of factors combine over the next five years to drive consumer and
healthcare adoption.
editor@telecomlead.com
