Health and Wellness Sensors May Be Worth $16 Billion by 2017

Health and Wellness Sensors May Be Worth $16 Billion by 2017   Tech ON World news mobile news mobile health mHealth Health and Wellness Sensors cloud connected services apps A new report from ON World provides an in-depth look at how cloud connected wireless sensor networks (WSNs) “are changing the way consumers and healthcare organizations think about health and wellness.”

Accordingly, smart mobile devices connected to sensing and control networks are reaching heights previously unimaginable only a few short years ago. Not surprisingly, projections for where this industry is headed are through the roof.

In 2017, 18.2 million health and wellness WSN systems—excluding sports/fitness devices– will be shipped worldwide and annual revenues enabled by these systems will reach $16.3 billion.

Within five years, cloud connected services will account for 53% of the revenues.

“In addition to reducing costs, cloud connected wireless sensing solutions are improving the quality of healthcare services as well as supporting the latest innovations for aging in place, self-management of chronic conditions and general wellness,” says Mareca Hatler, ON World’s director of research.

ON World also identified 16 wireless sensing applications that are “transforming health and wellness.” But from an initial analysis of more than 100 health and wellness WSN products, ON World found that over half are focused on self-management, prevention and general wellness.

To review a free report synopsis and executive summary, click here.

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