NEW YORK /BUSINESS WIRE/ -- A slew of new devices leveraging improved connectivity to mobile handsets have fueled strong growth for wearable wireless mHealth devices in 2012. By the end of the year, nearly 30 million devices will have shipped, up 37% on 2011 shipments.
The inclusion of Bluetooth Smart Ready connectivity in many smartphones, including Apple's iPhone and Samsung's Galaxy III, is driving a new wave of interest and investment in the capabilities of wearable sensoring devices. Between 2011 and 2017, the market for these devices will grow at a CAGR of nearly 40%.
Existing wearable wireless sports and wireless vendors, such as Polar, Garmin, Nike, Adidas, and others have all expanded their wearable wireless sensor offerings during 2012, while a host of start-ups have come to market with offerings, extending the use and potential of collected data and how it can be used.
"The ability to communicate with ultra-low power from a wearable device to smartphones and on to Internet applications, using the phone as a gateway, is driving a wave on innovation and investment. Already under way and increasingly so over the next five years, devices will move from the traditional heart rate monitoring unit to embrace multiple device designs to measure range body parameters that will inform individuals, service providers and more," says principal analyst, Jonathan Collins.
Wireless connectivity will also move into more medically related markets, including home monitoring for aging in place applications, remote patient monitoring of long-term conditions away from professional healthcare locations, and in hospitals. The flexibility and simplicity of wireless connectivity will also drive a range of other applications.
These findings are part of ABI Research's mHealth and Smart Cities Research Services. The mHealth service examines the market for monitoring and control technologies used for automation applications in the home, including home energy management, connected appliances, home security management, home healthcare, entertainment, and lighting control.
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ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe, and Asia, ABI Research's worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information, call 516-624-2500.