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Wearable Technology : Micro Center
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Apple : Wearable Technology : Micro Center
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In-person gyms and fitness clubs took a major hit in 2020. After all, being surrounded by strangers breathing heavily was low on Americans’ priority lists during a pandemic. Meanwhile, a different sector of the fitness industry was seeing a meteoric rise.
As workouts moved more to outdoor solo activities like running and cycling, demand spiked for wearable devices. By tracking heart rates and sleep schedules, wearables allow users to create evolving fitness regimens without the need to go inside a gym.
Whoop, the makers of a wrist monitor with a stable of high-profile celebrity athlete users, raised $100M in a Series E funding round in October 2020, sending the company’s valuation to over $1.2B, in part thanks to demand from users who bought a Whoop Strap during the pandemic. Some wearable device manufacturers reported that their sales doubled in 2020.
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The global home healthcare market is projected to reach $214.98 billion by 2025
The market for home healthcare has grown significantly over the years. Furthermore, the development of connected medical devices and software has propelled the growth of the field. Moreover, the COVID-19 pandemic has played a key role in changing the perception of home healthcare, especially in emerging economies such as India.
The study indicates that the global home healthcare market has witnessed significant growth in the past few decades, owing to adoption of mhealth technology. Furthermore, advancement in wearable technology for monitoring of novel vital signs; rise of the Internet of Medical Things (IoMT); evolution of remote monitoring solutions for the treatment of patients in an economical and efficient way; and the launch of products for wide range of applications are some of the prominent factors expected to propel th
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