Fitness wearables grabbed the most attention in 2014, as prices dropped and consumers became more familiar with the technology. As the transition to medical wearables becomes more common, tracking healthcare on a more frequent basis will give healthcare providers better ability to diagnose potential medical problems.
About one-fourth of the total US population, roughly 80 million people, are Baby Boomers and the first wave will begin turning 70 years old in 2016. Life expectancy continues to climb, so additional collected health data collected by wearables should prove valuable to doctors.
"The wearables market is starting to see technology that produces richer and more precise user data than ever before," said Sonia Sousa, CEO of Kenzen, in a statement to InformationWeek. "The problem we're seeing is that most fitness trackers are offering a flat world of data, without much insight beyond what an accelerometer can capture."
However, there are major privacy issues regarding how the data is collected and stored must be addressed, with regulatory concerns that must be addressed. It's going to be a complex and sometimes bumpy road, but the industry is continually shifting that direction.