Advances in sensor technology and microelectronics have opened new opportunities in the health and life sciences industries. Wearable sensors allow for continuous bio-monitoring without any manual intervention, thus reducing provider-patient interaction and costs while contributing improvements in the quality of the data.
Wearable electronics, or wearables in short, are light electronics with embedded bio-sensors that can be comfortably worn on clothes or the body. Some of today’s wearable electronics include Fitbit wristbands, Google and SONY glasses, and, most impactful, the Apple Watch. The term ‘wearable electronics’ is quickly becoming part of the consumer’s vocabulary, and the market growth is expected to be impressive: from $22.7 billion in 2015 to $173.3 billion by 2020 (Source ResearchAndMarkets.com).
However, skeptics are pointing to the lukewarm success of the Fitbit wristband, which one- third of owners stopped wearing after six months (Source Mobihealthnews.com). Also, given that current wearables only provide basic monitoring, they don’t significantly contribute to patient treatment,