The wearables sector is growing fast. According to GlobalData forecasts, the market will have grown at a CAGR of 19% between 2019 and 2024. Consumer electronics have always dominated the wearables market, although their focus on health and wellness monitoring is blurring the lines with healthcare.
Such devices are helping patients bring healthcare into their own hands, believes Philipp Schattling, project leader diagnostics and long-term medical implants at Elkem Silicones. “Wearable devices help us to understand our vital data better and use them to interpret and understand our ‘feelings’ or health conditions,” he explains.