As healthcare spending around the world increases, innovative methods of delivering cost-effective healthcare must be developed. Continuous patient monitoring and point of care diagnostics are two such trends that are driving the industry towards value-based care, decentralized care, and patient-centric approach.IDTechEx Research forecasts significant market growth in segments related to these two trends:
- Medical wearables market will reach $19.7 billion by 2024
- Market for biomedical sensors at the point of care will reach $43 billion by 2029
- Revenue from electronic skin patches will reach over $20 billion by 2029
- Annual revenue from CGM devices will overtake test strip and glucometer revenue by 2020
What to expect at the event.