Wearable Tech World Feature Article
October 14, 2014

Research: Digital Health Market to Hit $3 Billion Value by 2019

There is very little doubt that wearable technology is getting more popular every day. A new report by Juniper Research shows that one area where wearable tech can still make some real strides is in the Digital Health market for mobile phones. Juniper believes that healthcare focused smartphone applications by both Samsung and Apple are going to be big reasons behind the global healthcare accessory hardware market reaching valuations of more than $3 billion by the end of 2019.

Wearable technology is branching out in a ton of different ways and healthcare is the most likely market to have big-time success. Devices such as blood pressure cuffs, oximeters for diabetes and sleep monitors are going to get bigger and more popular the more high tech they go. Being able to connect to smartphones with these devices is going to make them look cooler and more in demand than they ever have before and that will drive the valuation up big time.

With wearable tech branching out even to areas such as shoes and socks as well as bands and watches, there is quite a bit of overlap. When it comes to mobile health there are still some weaknesses. There are still a number of trials that could go quite a long way toward making sure wearable tech is going to hit the valuation mark Juniper believes it can.

While people buying these new devices will certainly help mobile health devices hit the $3 billion mark, healthcare companies are investing in the market and investing in companies like Epocrates and AirStrip. Juniper believes advanced EHR (Electronic Health Records) will become the glue to create a better and wider digital health ecosystem. Even better for the mobile health and wearable technology market is that there are more regulatory authorities than ever before that are embracing the role of digital health in today’s world. 


Comments powered by Disqus

Featured Video

Dedicated to Wearable Tech: Mobile, Sports, Fitness, Audio, Fashion, Design

Featured Podcasts

The Business of Wearable Computing: An Interview with Brand Finance An interview with Edgar Baum, Managing Director North America with Brand Finance, the world’s leading brand valuation and strategy consultancy. Mr. Baum specializes in marketing ROI and financially quantified brand strategy.
Getting Attention for Your Wearables Joe Daniels of Loeb & Loeb discusses how wearable tech entrepreneurs can gain exposure for their ideas and what to do once they've won attention from potential investors.
Wearable Success Rides on Actionable Intelligence Lux Capital's Adam Goulburn focuses on the traits sought by investors as they consider wearable startups, such as how well their software turns collected data into actionable intelligence.
Wearable Tech Startup Strategy CRV's George Zachary talks wearable startups and how they can secure the attention of the right investors as the seek to become the next great thing in wearables.
How to Win the Wearable Tech Funding Game Donatella Giacometti speaks with Canary Ventures' Alex Goldberg about what the investment community looks for in startups, such as the many new wearable tech companies that are emerging.

Wearable Tech World Media Sponsors