In the last decade, the wearables industry has grown to an almost US$90 billion-dollar industry, evolving from one dominated by simple fitness trackers and earphones to a now diverse eco-system that also includes AR and VR headsets, electronic skin-patches, smart clothing, and more. However, as the wearable technology market matures, the nature of the main opportunities and challenges for commercial growth is shifting. With user demand for 'actionable insights' and 'closed-loop systems' on the rise, so is the need for better wearable sensors as well as increased synergy with wearable actuators.
Overall IDTechEx forecasts that by 2033 the market size of US$161 billion, but how will it get there, and which industries will it disrupt on the way? In this webinar, we discuss one key example: wearables for drug-free health management. Wearable technology is threatening to disrupt aspects of the pharmaceutical industry, with the latest technology offering a drug-free alternative to therapy for mental health, pain, and mobility. But which of these competing wearable technologies are the promising candidates to lead healthcare revolution?
In this webinar we will answer the following questions:
- What is the status and outlook for the wearables industry as a whole?
- How do the opportunities and challenges vary between wearable sensors and actuators?
- How is the role of wearables in healthcare evolving?
- Why wearables for drug-free health management and which technologies have the most commercial potential?
More details and ten-year market forecasts can be found in IDTechEx's comprehensive report "Wearable Technology Forecasts 2023-2033
". This report is the culmination of IDTechEx's research in wearable technology over the past decade. It contains granular 10-year market forecasts of the wearables industry, consisting of 45 forecast lines across five key wearable technology sectors: wrist-worn wearables (smartwatches), hearables, AR and VR headsets, electronic skin patches, and smart clothing. This report endeavors to provide high-value data and insight across the wearables market and thus includes historic revenue and sales volume dating back to 2013, with market forecasts from 2023-2033.