Wearables Predicted to Save 1.3 Million Lives By 2020

What You Need to Know About Wearables
Wearables Predicted to Save 1.3 Million Lives By 2020

Smart wearable devices could help to save as many as 1.3 million lives by the year 2020, according to a report from Soreon Research. The company currently estimates that the market for devices, software, and directly linked services is around $2 billion per year, but this is expected to increase to $41 billion by 2020. In particular, the use of wearables will help to shift healthcare towards a personalized and preventative model for chronic conditions such as diabetes, sleep disorders, obesity, and cardiovascular diseases. Wearables for in-hospital monitoring are predicted to save approximately 700,000 of the 1.3 million deaths estimated by Soreon, followed by 230,000 from cardiovascular diseases and 150,000 from obesity. A second report from TechNavio discusses the use of real-time performance monitoring by doctors, staff, and patients in healthcare to increase hospital efficiency; the report also predicts that use of wearables could help to slash hospital costs by a significant among over the next six years.

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