Wearable healthcare devices are electronic products worn on the body to track various health parameters, collect data, and provide insights into overall well-being. The popularity of these devices has surged due to advancements in sensor technologies, heightened awareness of personal health, and the growing trend of preventive healthcare.
These devices have become more integrated into daily life. Promoting continuous health monitoring and proactive health management the global wearable healthcare devices market has been estimated at USD 32.5 billion in 2023, with projections to grow to USD 68.4 billion by 2032, the equivalent CAGR of 8.6% for the period 2024-2032.
The drivers contributing to the market expansion include:
Technological Advancements: The growth of 3G and 4G networks has facilitated uninterrupted healthcare services. This, combined with increasing access to smartphone-based healthcare devices and a preference for wireless connectivity among healthcare providers, has fuelled market growth.
Health and Fitness: Growing emphasis on fitness and maintaining a health-conscious lifestyle. This trend, together with the rise in remote patient monitoring and home healthcare is expected to continue to grow & offer tremendous opportunities.
Chronic Disease Management: The rising global prevalence of chronic diseases has significantly driven the adoption of wearable healthcare devices. Conditions like diabetes, cardiovascular disease, and obesity often require continuous monitoring and management. Wearable devices offer a proactive, personalised approach to health tracking, enabling individuals and healthcare professionals to better manage these chronic conditions.
Chronic diseases necessitate ongoing monitoring. For instance, obesity raises the risk of conditions such as type 2 diabetes, cardiovascular disease, and certain cancers, underscoring the need for proactive health management strategies. The International Diabetes Federation (IDF) predicts that by 2030, the number of adults with diabetes will reach 643 million, Similarly, the World Health Organization (WHO) notes that cardiovascular diseases (CVDs) are the leading cause of death globally, responsible for an estimated 17.9 million deaths annually. Risk factors like hypertension, high cholesterol, and sedentary lifestyles require continuous management, further emphasising the need for wearable devices.
As the prevalence of chronic diseases increases, so does the demand for wearable devices for proactive health monitoring and management. The market is influenced by a large patient population with chronic diseases, an ageing population, particularly in Europe & N. America, rising disposable income, and increased investments and grants. Furthermore, the focus of governments and NGOs on reducing patient hospital visits & stays is a strong market driver, especially in emerging countries.
Meeting users’ expectations of wearable medical device technology is critical to success in this rapidly developing and competitive market. With the technology rapidly evolving and delivering increased functionality, there is also considerable focus for applications to be thinner, more ergonomic, and aesthetically appealing.
This is where In2tec’s capabilities can offer competitive advantage. For over two decades, we have been a leader in sustainable electronics. Utilising ground-breaking Flexi-hibrid™ technology we have delivered market-leading, innovative applications in the medical market sector, and across industries in Smart HMI solutions. We are known for designing and manufacturing flexible printed circuit assembly (PCBA) solutions.
Creating comfortable, ergonomic devices has limitations while using traditional electronic solutions. That’s where our technology offers an advantage, we can provide electronics that flex and bend with the wearer to allow for movement and stress points by design for reliable and effective devices. Further to this is our complex curve technology, offering the ability to form 3-dimensional shapes with a printed circuit assembly. This breaks down the design barriers offering more aesthetically intricate solutions that fit exactly within the curves of the device or interface.
This means our electronic solutions offer the advantage of a wearable device or interface to optimise space and save weight. Furthermore, with our Sustainable Flexible Electronics solutions, ReUSE® and ReCYCLE™ technologies, our solution provides a closed-loop process for manufacturers & recyclers to remove components from existing electronics at the end of their useful life, unstressed and undamaged for future reuse. ReUSE® is a series of materials, processes and design principles used to manufacture PCBAs, while ReCYCLE™ is the ultra-low energy process for unzipping PCBAs to the original bill of materials (BoM).
So, with requirements for smaller, weight-saving, and innovative designs for the optimum user experience, get in touch to find out how our technologies can benefit you and your project.
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