Investment Thesis Report: Wearable Healthcare Technology
Wearable technology in healthcare has seen significant growth in demand, generating a booming market, and now insurers and other healthcare companies are discovering how supplying the new technology to their consumers and employees is beneficial. In 2019, the global wearable medical device market size was valued at approximately $13 billion and is expected to see a 27.9% CAGR through 2027. FCA Venture Partners hopes to continue monitoring this space as a valuable area of investment.
Here is a brief excerpt from the report: “The growth in demand for the industry is being led by healthcare companies wanting to monitor patients to improve patient health outcomes while lowering the cost of care. In addition, consumers are increasingly wanting to monitor their own health with fitness devices such as Fitbit and Whoop watches. According to Business Insider Intelligence, more than 80% of consumers are willing to wear fitness technology”.
Prepared by Nathan McLaughlin