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MEDTECH Use of wearable healthcare devices, including smartwatches, wearable monitors, and fitness trackers, by US consumers doubled between 2020 and 2021.
The rapidly evolving landscape of wearable healthcare devices is becoming increasingly influential in the United States, where usage has seen a significant upswing in recent years.
Key Points:
- Blood pressure devices (59%) were the most widely used wearable monitors, followed by sleep (21%) and ECG monitors (11%).
- Biosensors usage, including glucose monitors and respiratory monitors, was reported by 8% of consumers, while smart clothing items were used by 6%.
- The wearable biosensors market expanded from $150 million globally in 2016 to $25 billion in 2021.
- Almost half (46%) of respondents reported using at least one type of consumer health technology in the past six months.
Additional Points:
- Men, Black, and Latino groups reported more frequent use of consumer health technology than women and other ethnic groups, respectively.
- Gen X consumers showed greater adoption than other age groups.
- The most popular smartwatch brands were Fitbit (42%) and Apple Watch (38%).
- Less than 10% of respondents used wearable health monitors or smart workout equipment.
- Smartwatches were used most frequently, with most users reporting daily use.
- About 20% of health tech users reported purchasing at-home testing kits, such as COVID-19 or DNA tests.
Conclusion:
- The market for wearable healthcare devices has seen substantial growth and shifts in user demographics, suggesting a dynamic marketplace with a trend towards increased usage of various health tech devices.
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Did You Know?
The global market for wearable healthcare devices is projected to reach $60 billion by 2025.
