Thursday, January 02, 2014

CEA report hints at boom coming for health wearable tech

If wearables have one shot at making it big, then the health sector is where it will be. And 2014 will only be the beginning, based on a new report from the Consumer Electronics Association.

Published in conjunction with market research firm Parks Associates, the report projects that revenue for "personal health and wellness product sales and software and service revenues" will leap by more than 142 percent over the next five years.

Thus, the CEA and Parks Associates analysts projected that the number of personal health and wellness products will jump from more than 40 million in 2013 to 70 million by 2018, eventually evolving into a market worth more than $8 billion within that time frame.

From the article, "CEA report hints at boom coming for health wearable tech" by Rachel King.

Next: Wearables and health insurance: A health bar over everyone's head
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