Skip to content Skip to navigation

Report: 2015 Could be the Breakthrough Year for Wearables

May 14, 2015
by Rajiv Leventhal
| Reprints

The upcoming year might be the breakthrough year for wearables, in which they begin to achieve the mass market acceptance that has long been expected, according to a report from market researcher Visiongain.

According to the 186-page report, one of the main reasons for this is the entrance of Apple to the smartwatches market, which will disrupt not only the smartwatches market, but the overall size of the wearable technology market. As such, Visiongain has assessed that the value of the global wearables technology market will reach $16.1 billion by the end of this year.

As the Apple smartwatch will deliver many of the applications already delivered by fitness and activity trackers, companies competing with smart bracelets and other trackers will suffer market loss, and by 2018 they could see a great disruption to their specific market, the researchers predict. Overall, they say that each of the submarkets and regional markets within the wearables industry will deliver different business opportunities. But they also are expected to face challenges, which include regulatory decisions in the case of mHealth, low added value in terms of smartwatches, or high saturation levels for wearable cameras.

Many recent surveys have indicated that consumers are interested in tracking their data with mobile devices; in a report from Salesforce, 63 percent of millennials said that they would be interested in proactively providing their health data from WiFi/wearable devices to their doctor/provider so they can monitor their well-being.



Center of Excellence in Genomic Science to be Established in Chicago

The National Human Genome Research Institute has awarded $10.6 million over five years for the establishment of a new research center in Chicago to advance genomic science.

EHNAC and HITRUST Combine HIPAA Security Criteria, CSF Framework

The Electronic Healthcare Network Accreditation Commission (EHNAC) and the Health Information Trust Alliance (HITRUST) announced plans to streamline their accreditation and certification programs.

Halamka on MACRA Final Rule: “CMS is Listening and I Thank Them”

Health IT notable expert John Halamka, M.D., CIO of Beth Israel Deaconess Medical Center in Boston, recently weighed in on the Medicare Access and CHIP Reauthorization Act (MACRA) final rule.

Texas Patient Care Clinic Hit with Ransomware Attack

Grand Prairie, Texas-based Rainbow Children's Clinic was the victim of a ransomware attack on its IT systems in August, affecting more than 33,000 patients, according to multiple news media reports this week.

Healthcare Organizations Again Go to Bat for AHRQ

Healthcare organizations are once again urging U.S. Senate and House leaders to protect the Department of Health and Human Services’ Agency for Healthcare Research and Quality (AHRQ) from more budget cuts for 2017.

ONC Pilot Projects Focus on Using, Sharing Patient-Generated Health Data

Accenture Federal Services (AFS) has announced two pilot demonstrations with the Office of the National Coordinator for Health Information Technology (ONC) to determine how patient-generated health data can be used by care teams and researchers.