Wearable Developers Focus on Medical Grade Devices to Gain Reliability in Healthcare Delivery: A Report
Apac CIOOutlook | Friday, June 10, 2016
MOUNTAIN VIEW, CA: Frost and Sullivan, a provider of economic research and analysis services, in its latest report states the global healthcare wearables earned revenues of $5.1 billion in 2015 and estimates the same to reach 18.9 billion by 2020, at a CAGR of 29.9%.
The report also predicts that consumer health wearables will increase at a CAGR of 27.8 percent, whereas medical and clinical wearables will increase at a CAGR of 32.9%.
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Frost and Sullivan finds wearables dedicated to chronic disease monitoring and other clinical applications are expected to transform care provision models. Wearable devices are beginning to be used in a wide range of healthcare-related applications which include remote patient monitoring, eldercare, and wellness programs, to name a few. The types of wearables being utilized not only include devices such as fitness trackers and smart watches, but also emerging categories such as connected wearable patches, pain management devices, wrist devices, and posture monitors are among others.
Though the present market for consumer fitness technologies provide vast opportunities, the devices produced in the market are faced with high levels of competition and small product lifecycles. Hence, developers of these wearbles are looking to invest in these anywhere-anytime support-medical grade devices to gain relevance and reliability in health management .
According to Frost and Sullivan, these wearables must simultaneously justify value to patients, payers and clinicians in order to gain a foothold in the market.
However with the growing market for these wearables, some have failed and struggled to achieve the expected traction. Frost and Sullivan states over engineered or unnecessarily complex wearables as the common problem.
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“Breakthrough technological innovations in wearable electronics, sensors, alternate power sources and wireless platforms are enabling novel applications that would not have been feasible even five years ago” says Frost & Sullivan’s Transformational Health Research Director, Venkat Rajan. “Moving beyond basic consumer centric applications, newer wearable devices with more robust and reliable feature sets open a wide spectrum of clinical use cases. Clinical wearables must concurrently justify their value to payers, patients and clinicians to gain market foothold.”
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Singapore — The Digital Banker will launch the Digital CX Summit on 23 April 2026 at the PARKROYAL COLLECTION Marina Bay, Singapore , bringing together global customer experience (CX) leaders, industry experts and trailblazers.
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Senior executives from retail and SME banking, wealth and private banking, wholesale banking, insurance, FinTech, and digital challengers across the world will convene to examine how CX is strengthening growth, loyalty, and trust across financial services. The Summit will feature C-Suite, Directors, and Head Experts in technology, customer experience, wealth, and transaction.
Through fireside chats, panel discussions, interactive roundtables, and private workshops, the Summit will provide case-driven insights, regional benchmarks, and practical strategies for industry leaders steering transformation.
The Digital CX Awards , returning for its 8th edition , will recognise outstanding financial institutions and leadership teams that have delivered exceptional digital customer experiences. This is the world’s largest repository of customer transformation projects run by worldwide FSIs and the only awards programme dedicated exclusively to digital CX in financial services. The Digital CX Awards provides an independent benchmark of excellence for the global industry. In 2025 has received over 1,000 submissions from FSIs across all continents further underpinning the year-on-year programme
Call for Speakers, Sponsors, and Participants
• For speaking opportunities: Contact Yaroslava Bhandari at yaroslava.bhandari@digitalbankeronline.com
• For sponsorship enquiries: Contact Nadiah Jamaludin at nadiah.jamaludin@digitalbankeronline.com
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PERTH, Australia — May 28, 2026 — Against a backdrop of shifting resource nationalism, soaring commodity stress, and the rapid deployment of connected automation, the Future of Mining Australia and MiningNews Select conferences will take place concurrently at Crown Perth on 16–17 June 2026. This dual conference stands as the industry’s primary staging ground for resolving the stark operational, economic, and geopolitical pressures facing modern resource companies.
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"In this current era of geopolitical uncertainty, platforms like the Future of Mining and MiningNews Select are absolutely vital," said Lindsay Santos, Group Head of Events. "We provide mining leaders and practitioners with the hard insights required to build direct, real-world strategies and make high-stakes decisions. Over these two days, we will confront how decarbonisation is non-negotiable for true sustainability, map the precise role of technology and innovation over the coming years, and ensure the next generation of leaders is directly embedded in this critical conversation."
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• Hon David Michael , Minister for Mines and Petroleum; Finance; Electoral Affairs; Goldfields-Esperance, Government of Western Australia
• Cath Bozanich , Chief Sustainability Officer, Sandfire
• Christopher B. Johnstone , Partner C Chair of the Defense C National Security Practice, The Asia Group
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