ISPOR Article on the Growing Wearable Market and New Applications in Healthcare

A recent article featured in Value & Outcomes Spotlight details the growing use of wearables. These tools can be an important source of real world data (RWD) in clinical trials and in patients at risk of developing severe or worsening disease. In addition, payers are increasingly interested in reducing healthcare costs using such devices.

“The wearable devices market is expected to grow at a compound annual growth rate of 18% from now until 2026.¹ While interest in wearables may have originated in consumer-oriented wellness products, increasing interest in health applications, especially during the current COVID-19 pandemic, is driving market growth. In addition, wearables’ miniaturization, reliability, and accuracy are expanding possible healthcare use cases.” Read more here.

(Source: ISPOR, 10/21)