The smart home healthcare market continues to grow, but the scale of the opportunity remains underpenetrated. Last year, new smart home healthcare shipment and service revenues grew 25% to reach US$22.9 billion worldwide, but that growth rate will be hard to sustain, despite the considerable potential for further growth.

ABI Research’s reports that dozens of always-on 5G portable device models will hit the market in 2022 when sales of these 5G devices will exceed $12 million, growing to $46.5 million by 2026.

During the COVID-19 pandemic, wearables became a tool for tracking, monitoring, and combating the spread of the disease throughout the world. According to a recent study from global technology intelligence firm ABI Research, the number of wearables shipped worldwide in 2020 increased to 259.63 million, with sports, fitness, and wellness trackers accounting for 112.15 million and Smartwatches 74.30 million.

Worldwide end-user spending on wearable devices will total $81.5 billion in 2021, an 18.1% increase from $69 billion in 2020, according to the latest forecast from Gartner, Inc. The rise in remote work and increased interest in health monitoring during the COVID-19 pandemic was a significant factor driving market growth.

Wearable tech continues to gather pace, building an ecosystem of connected devices and capturing consumer attention to the tune of $108 billion by 2023, according to a new industry report from Futuresource Consulting.

Wearable tech continues to gather pace, building an ecosystem of connected devices and capturing consumer attention to the tune of $108 billion by 2023, according to a new industry report from Futuresource Consulting.

Wearable technology continues to capture the interest of consumers and is riding an upward trend, with close to 105 million wearables shipped in 2018, a year-on-year increase of 10 percent, according to the latest Wearable Technology market report from Futuresource Consulting.

The global telehealth market is estimated to grow at a compound annual growth rate (CAGR) of 14 percent and will be worth $25.30 billion by 2022, according to a recent study by Netscribes.