Sales of devices that monitor users’ sports, physical and well-being activity will increase in coming years, surpassing $ 10 billion in 2022.
Currently, the health-care wear sector accounts for about a quarter of the total market for such devices; or about $ 6.8 billion of a global $ 25 billion, according to data managed by the consulting firm ABI Research. However, this market has not yet hit the ceiling. The consultant estimates that these products will exceed 10 billion dollars in 2022.
In this area, wearables that monitor health conditions, physical performance and brain activity will move beyond smart clocks and fitness wristbands. And unlike today’s bulky health-related devices, ultra-slim, ultra-soft sensors with software analysis make next-generation wearables smarter and more useful.
As Marina Lu, an analyst at ABI Research, explains, “Flexible sensors used in the body are an innovation for the adoption of wearables in healthcare, fitness and the human-machine interface. These sensors can be integrated into a small patch and attached to the surface of human skin to track vital signs and other biometric data continuously and wirelessly. Some examples of implementation include electronic tattoos and skin sweat sensors, “he says.
For example, the electronic tattoo developed by Rotex performs many of the typical functions of smart clocks and fitness wristbands. Not only does it monitor health conditions in real time, it also provides a different means of controlling devices as an integral part of IoT. Noninvasive sweat sensors, for their part, can measure a set of biometric key data from a single drop of sweat. Some companies already work on it like Eccrine System, GraphWear Technologies, and Kenzen.
“Health sensors are increasingly marketed as they allow continuous physical monitoring with reduced manual intervention and low cost,” adds Lu. “While miniaturized health sensors allow consumers to monitor health conditions on their own and be aware of their own evolution, they also extend to the business market by providing superior analysis for clinical and medical research,” he concludes.