Company Spotlight

Wearable Technology: The Evolution of Body-Worn Devices

Wearable Technology Market

Insights

Wearable technology refers to electronic devices designed to be worn on the body, ranging from jewelry and accessories to clothing and medical equipment.

Electronic devices that are made to be worn on the body are referred to as wearable technology. These devices might be jewelry, accessories, medical equipment, clothing, or parts of clothing, among many other things. Although the phrase "wearable computing" suggests processing or communication capabilities, wearables can differ in level of sophistication.

Artificial intelligence (AI) hearing aids, Google Glass, Microsoft's HoloLens, and a holographic computer in the form of a virtual reality (VR) headset are some of the most advanced instances of wearable technology. A disposable skin patch with sensors that wirelessly send patient data to a control unit in a medical facility is an example of a less sophisticated type of wearable technology.

Types of Wearable Technology

  • Smartwatches: With capabilities like fitness tracking, GPS tracking, health monitoring, and notifications, smartwatches are among the most widely used wearables. For improved operation, they are frequently synchronized with cellphones.
  • Fitness Trackers: Step counting, calorie tracking, heart rate monitoring, and sleep analysis are just a few of the health and activity monitoring features that fitness trackers emphasize. Fitness aficionados utilize them extensively.
  • Smart Glasses: Immersion is made possible by the integration of augmented reality (AR) and virtual reality (VR) technologies in smart glasses. These have applications in industry, education, healthcare, and gaming.
  • Wearable Medical Devices: These gadgets are made for medical use, offering early diagnosis, chronic disease management, and remote patient monitoring. Smart hearing aids, wearable ECG equipment, and diabetes monitoring are typical examples. 
  • Smart Clothing: Sensors are incorporated into smart clothes, also known as e-textiles, to track hydration levels, muscular activity, and body temperature. These are frequently used to track performance and prevent injuries in sports and healthcare.
  • Wearable Cameras: For hands-free recording, wearable cameras are frequently utilized in law enforcement, vlogging, and outdoor activities.
  • Hearables: Advanced functions like noise cancellation, health tracking, and real-time language translation are combined with audio playback in hearables.
  • Smart Rings: Health tracking, payment choices, and notifications are just a few of the unobtrusive and lightweight features that smart rings provide. 
  • VR and AR Headsets: These tools are frequently used to create immersive virtual or augmented environments in gaming, education, and industrial training.

Healthcare Industry will derive the growth for wearable technology

Wearable technology is widely utilized for health monitoring. These gadgets make it simple to monitor blood pressure, heart rate, calories burnt, step counts, biochemical release, exercise duration, and physical strain. Implanting breasts, monitoring babies, and creating smart shoes and socks are all made possible by a plethora of artificial intelligence and internet of things technology. The American College of Sports Medicine (ACSM) named Wearable technology as the top fitness trend for 2024. Wearable technology provides insightful information to help us live comfortably. They are useful for keeping an eye on physical training and health as well as for warning of serious medical issues. In addition to measuring blood alcohol content, athletic performance, heart health, and age-related disorders, wearable technology is soon to be able to predict changes in stress, mood, and health.

The Covid-19 has accelerated wearable technology adoption in healthcare as people are focusing on self-monitoring their health. According to a recent projection 44% of Americans are anticipated to own wearable technology. Certain wearable technology integrates multiple data sources to offer advice for medical issues. Wearable technology has evolved into a practical medical tool for health monitoring. At the forefront of consumer electronics, wearable ECG monitors are capable of measuring electrocardiograms, or ECGs, which enable users to track their heart rate and rhythm and assess other critical health parameters like blood pressure.

Key Players in the Wearable Technology market

  • Apple, Inc.: Apple Inc., a leader in technology innovation, revolutionises the wearable market with its Apple Watch. It was first released in 2015 and offers thorough health data by fusing cutting-edge sensors with watchOS capabilities. The most cutting-edge display and carbon-neutral models are features of the Apple Watch Series 10, which was introduced in 2024. Apple, which is dedicated to both innovation and environmental responsibility, keeps improving wearable technology's user experience, connection, and health monitoring.
  • Samsung Electronics Co., Ltd.: Leading global technology company Samsung Electronics Co., Ltd. has led the wearables industry with products like the 2013 release of the Galaxy Gear smartwatch. Its product line includes fitness bands, headphones, and smartwatches; in 2024, it will release the Galaxy Watch7 and Galaxy Ring. These wearables showcase Samsung's dedication to improving user experiences and fostering well-being through cutting-edge technology by providing sophisticated AI-driven health tracking, sleep analysis, and wellness functions.
  • Garmin Ltd.: Founded in 1989, Garmin Ltd. is a world leader in wearable technology and GPS navigation. Garmin, well-known for its Forerunner, Fēnix, and Venu series, provides cutting-edge GPS-enabled smartwatches for daily use, outdoor activities, and fitness. Its wearables encourage active lifestyles with their powerful health tracking, navigation, and intelligent tools. Garmin is a well-known brand in wearable technology for sports, explorers, and health lovers worldwide because of its vertical integration, which guarantees top-notch innovation.
  • Medtronic Inc.: Leading healthcare technology company Medtronic plc provides cutting-edge wearables for diabetes treatment and patient monitoring. The BioButton® wearable for continuous vital sign monitoring was introduced through its partnership with BioIntelliSense. With the purchase of EOFlow, Medtronic added the EOPatch® insulin delivery system to its diabetic portfolio. The company's dedication to enhancing patient outcomes and healthcare efficiency through innovation is demonstrated by its HealthCastTM platform, which incorporates wearable technologies to improve remote monitoring.
  • Whoop, Inc.: WHOOP, Inc., founded in 2012 by Will Ahmed, is a Boston-based company specializing in wearable technology aimed at unlocking human performance. Its flagship product, the WHOOP Strap, is a screenless, waterproof device designed for 24/7 wear. It monitors key metrics such as sleep, strain, and recovery, providing users with personalized insights to optimize health and performance. The WHOOP membership includes access to the WHOOP app, which delivers data-driven recommendations and coaching.

Recent Developments in the wearable technology market

  • At CES 2025, Wearable Devices introduced the Mudra Link Neural Gesture-Control Wristband. This device allows users to control AR glasses and other smart devices through neural gestures, providing a futuristic and intuitive user experience.
  • Google (US) and Samsung (South Korea) teamed together in January 2024 to incorporate generative AI technologies, Imagen 2 and Gemini Pro, into the Galaxy S24 series. Advanced AI-driven features like text summarization and photo editing were made possible by this collaboration, improving user experiences in SAMSUNG's native apps while maintaining data integrity and security.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124