The medical wearable sensor market is growing 37% and continues to expand

The medical wearable sensor market is growing 37% and continues to expand

According to ABI's survey data, about 30 million wireless wearable health sensors were used in medical electronics in 2012, a 37% increase from 2011.

Jonathan Collins, the lead analyst of the study, told Mobi Health News that the report focuses on devices that can be worn (not included in the skin), can be wirelessly connected and somehow detect the health of the wearer.

ABI predicts that the market for wearable sensors will grow at an annual rate of 41% between 2011 and 2017. In 2017, the number of wearable sensors will reach 169 million. The figure of 20.77 million in 2011 to 30 million in 2012 is only slightly lower than the ABI forecast in February.

Now, ABI predicts that the annual growth rate will be below 40%, and the number of wearable sensors will reach 160 million in 2017. Collins said the slight adjustment was not due to a reduction in the market for wearable sensors for health, but the health market is still increasing, and the reduction in quantity is due to the fact that medical applications are actually less than expected.

According to ABI's forecast, in 2017, 60% of these sold devices were used for fitness monitoring, 23% for elderly health monitoring devices, 7% for remote patient monitoring, and the remaining 7% for medical care monitoring.

Collins said the trend for wireless wearable sensors this year is that it can be connected via Bluetooth. Earlier this year, Juniper Research predicted that the market value of the wearable sensor market will reach $150 million in 2014, and IMS forecasts that the market value in 2016 will reach 600 million. Collins said that many creative ideas are involved in this market. He predicted that with the development of the market, there will be more sensors with mixed social media, and more companies will invest to track the health of employees, and the professional medical market will further grow.

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