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Wearable tech shipments to increase over 100 percent in 2014

Health applications are strongly driving the growth in wearable technology, according to a report

| Health Technology News | Posted: Aug 19, 2014 12:21 am

Wearable technology shipments have been forecast to grow by almost 130 percent throughout 2014, a new report from analysts at CCS Insight has stated.

 

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The company believes new products will cause a boom in shipments of wearables, reaching 22 million by next year compared to 9.7 million in 2013 - and with all sales counted for the next five years, the total figure could be as high as 370 million.

 

Right now it's early days for wearable, but some health gadgets like FitBit have really taken off. It's fitness wearables that CCS expects will drive early adoption rates, and the group images Christmas will be a big win for the sector. However, CCS' Marina Koytcheva said for wearables, the market is still in a "chaotic stage of development" and that there's "still a huge amount of uncertainty" in general.

NEWS SOURCES:Cnbc.com

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