The market for smart wearable healthcare devices is one part of the larger smart wearables market as a whole. The term wearables is used to refer to any electronic device, usually small, that can be worn relatively easily during the normal activities of life. Examples include wristbands such as the Fitbit, smart watches, clip on devices like pedometers and even clothing into which sensors have been sewn.

Smart wearable healthcare devices are those that are specifically designed to help a person monitor his or her own health—activity level, hours of sleep, heart rate, temperature, blood pressure, etc.—as well as devices designed to communicate remotely with medical providers so that they may monitor a patient from afar.

Geographic reference: United States
Year: 2014 and forecasted for 2020
Market size: $2 billion and $41 billion respectively
Source: “Healthy Beats — With Health Being the ‘Great Motivator,’ Wearables Are Gaining Popularity,” Corp! Sept./Oct. 2016, pages 36-39.
Original source: Soreon Research