Wearable technologies have enabled new user experiences, primarily in activity and fitness tracking where the wearables market has grown up. However, new advancements in wearable technology, particularly biometric sensor systems, have opened up new possibilities for wearables in healthcare and medical devices. In fact, Frost & Sullivan expects the market for clinical-grade medical wearables “dedicated to chronic disease monitoring and other clinical applications” to reach $18.9B by 2020 at a CAGR of 29.9%. Wearable optical sensor systems are now demonstrating performance levels suitable for medical use cases.
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