Wearables, including health trackers and remote patient monitoring devices, are set to become “must-haves” in the delivery of healthcare, with an annual spend on these devices reaching an estimated $20 billion by 2023, according to new research.
The exploration into mobile devices, and more broadly digital health, conducted by Juniper Research, also noted that 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 by 2022. Together, healthcare spending in the wearables market is projected to reach $60 billion by 2023, according to the report.
