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Smart Wearable Healthcare Devices Market size is set to grow by USD 24.22 billion from 2024-2028, Increasing focus on patient engagement boost the market, Technavio

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NEW YORK, July 31, 2024 /PRNewswire/ — The global smart wearable healthcare devices market size is estimated to grow by USD 24.22 billionn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 15.51% during the forecast period. Increasing focus on patient engagement is driving market growth, with a trend towards increasing adoption of self-monitoring of vital organs. However, concerns associated with data privacy poses a challenge. Key market players include Alphabet Inc., Apple Inc., Biobeat Technologies Ltd., BioIntelliSense Inc., Biotricity Inc., Boston Scientific Corp., Contec Medical Systems Co. Ltd., Cyrcadia Asia Ltd., Dexcom Inc., Garmin Ltd., Huawei Technologies Co. Ltd., iRhythm Technologies Inc., Koninklijke Philips N.V., Masimo Corp., Nokia Corp., OMRON Corp., Polar Electro Oy, Samsung Electronics Co. Ltd., ten3T Healthcare, and VitalConnect Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Smart Wearable Healthcare Devices Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.51%

Market growth 2024-2028

USD 24.22 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

13.65

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 34%

Key countries

US, Canada, Germany, UK, and China

Key companies profiled

Alphabet Inc., Apple Inc., Biobeat Technologies Ltd., BioIntelliSense Inc., Biotricity Inc., Boston Scientific Corp., Contec Medical Systems Co. Ltd., Cyrcadia Asia Ltd., Dexcom Inc., Garmin Ltd., Huawei Technologies Co. Ltd., iRhythm Technologies Inc., Koninklijke Philips N.V., Masimo Corp., Nokia Corp., OMRON Corp., Polar Electro Oy, Samsung Electronics Co. Ltd., ten3T Healthcare, and VitalConnect Inc.

Market Driver

Smart wearable healthcare devices, including wearable gadgets and mobile apps, are gaining popularity for self-tracking and self-monitoring applications. These devices collect, process, and display personal health records, enabling users to monitor and manage their vital signs. Five primary vital signs, including temperature, pulse, respiration, blood pressure, and pain, are regularly monitored. Self-monitoring is crucial for maintaining overall health and well-being. Hospitals use these devices to monitor patients’ progress during treatment, allowing for prompt detection of delayed recovery or adverse events. Wireless transmission of patient data to remote monitoring centers enables patients to move freely while under observation. Recording vital parameters in medical information systems for later analysis by healthcare professionals is another significant trend driving the smart wearable healthcare market. 

The Smart Wearable Healthcare Devices market is experiencing significant growth, particularly in the areas of Fitness, Diabetes, and Cardiovascular Diseases. With the IDF Diabetes Atlas reporting over 537 million people living with diabetes worldwide, there’s a high demand for wearable devices that can monitor and manage Type 2 diabetes. Similarly, the increasing prevalence of Cardiovascular Diseases (CVDs), including Hypertension and High Cholesterol, is driving innovation in this space. However, challenges such as privacy and security concerns, including unauthorized access to personal health information by cyber criminals, remain. Ground-breaking wearable devices like the BioButton multiparameter wearable are addressing these concerns with advanced Artificial Intelligence (AI) and Machine Learning (ML) capabilities. Reimbursement policies and per capita expenditure are also key factors influencing market growth. The aging population, investments and grants, and wireless connectivity are also fueling the development of smartphone-based healthcare devices and home healthcare solutions. Fitness tracking capabilities, such as those offered by smartwatches and wearable activity monitors, are popular among consumers. Data standardization, clinical trial platforms, and data accuracy are essential for ensuring the effectiveness and reliability of these devices. Fraud prevention and high-speed 5G networks are also critical for secure medical imagery transmission. 

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Market Challenges

Smart wearable healthcare devices offer valuable health insights but pose privacy and security concerns due to the sensitive data they store. Their small size increases the risk of loss or misplacement. Location-based services, such as Google Glass and Foursquare, require sharing user locations, raising privacy issues. Security breaches are a potential threat, as data leakage can lead to serious consequences. Network operators have access to location data, raising concerns about privacy and potential misuse. These factors may hinder the growth of the global smart wearable healthcare devices market during the forecast period.The wearable healthcare device market is experiencing significant growth, with fitness trackers leading the charge. These devices monitor activities like walking, running, swimming, and cycling, providing valuable data on pace, distance, and elevation. Wearable ECG monitors offer early detection and diagnosis of chronic diseases through electrocardiograms. Medical efficiency is improved with real-time health parameter tracking of blood oxygen levels, body temperature, and sleep patterns. Wearable gadgets for training and compensation during sporting activities are driving the mobile healthcare revolution. National agencies and EU member states are implementing regulations for these devices, impacting purchasing power and disposable income. Blood Glucose Meters, Blood Pressure Monitors, Heart Detectors, and Pulse Monitors are also popular. E-commerce platforms facilitate sales of wearable healthcare devices and electronic gadgets. Sensor technologies and preventive healthcare are key trends. Bluetooth connectivity enables data sharing with connected technological devices for comprehensive health management.

For more insights on driver and challenges – Request a sample report!

Segment Overview

This smart wearable healthcare devices market report extensively covers market segmentation by

Product1.1 Fitness band1.2 Smart watches1.3 Smart glassesDistribution Channel2.1 Online2.2 OfflineGeography3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Fitness band- Fitness bands are wearable devices worn on the wrist that monitor and record a user’s physical activity, including steps taken, distance covered, calories burned, and sleep patterns. These devices interact with a mobile application via Bluetooth to configure settings and access data. In 2021, vendors such as Redmi launched new models, like the Smart Band Pro, featuring larger displays, longer battery life, and enhanced water resistance. These advancements contribute to the growth of the global smart wearable healthcare devices market by enabling users to better track their health and fitness goals. Fitness bands provide valuable insights, encouraging healthier habits through self-monitoring, increased exercise, and improved sleep quality. With continuous innovation, the market for these devices is expected to expand significantly during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Smart Wearable Healthcare Devices market is experiencing rapid growth due to the increasing adoption of electronic gadgets for health management. These devices, including smartphone-based healthcare tools, offer wireless connectivity for real-time health parameter monitoring and lifestyle management. Home healthcare is a significant sector benefiting from wearable devices, enabling holistic evaluation of health parameters for preventive healthcare. Fitness monitoring is a popular application, with wearables helping individuals manage their fitness levels and track progress towards health goals. Diseases such as diabetes and cardiovascular disease can also be managed effectively using these devices. E-commerce and distribution channels have simplified access to these devices, making them an affordable and convenient option for consumers seeking to improve their health and wellbeing. Sensor technologies continue to advance, enhancing the capabilities of wearable healthcare devices and driving market growth.

Market Research Overview

Smart wearable healthcare devices refer to technology-enabled accessories that monitor and manage various health-related issues, including fitness tracking, body temperature, heart rate, blood pressure, sleep statistics, and remote patient monitoring. These devices leverage wireless connectivity to transmit real-time data to healthcare providers, insurers, and consumers. Lifestyle management is a significant application of wearable healthcare devices, with features like fitness tracking capabilities, smartwatches, wearable activity monitors, and smartphone apps. Home healthcare applications are also gaining popularity, with devices such as patches, trackers, and smart clothing. High-speed 5G networks enable advanced applications like medical imagery, augmented reality (AR), and virtual reality (VR) in wearable healthcare devices. Data standardization, consumer privacy, cybersecurity attacks, data accuracy, fraud prevention, and battery life are crucial considerations in this market. Wearable healthcare devices include smartphones, implants, accessories, clothing, and body trackers and monitors. They cater to patients, doctors, nurses, clinical personnel, hospitals, and home healthcare settings, offering a holistic evaluation of health-related issues. Wearable technology companies like Fitbit, wearable monitors, and wristbands with sensors are transforming the healthcare industry by enabling physical activity tracking, step progress, notifications, short messages, phone calls, and exercise-related features for walking, running, swimming, and bicycling.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFitness BandSmart WatchesSmart GlassesDistribution ChannelOnlineOfflineGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Ontario Superior Court Awards Over $170 Million in Damages to Mutual Fund Investors in Landmark Class Action Decision

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July 18, 2026

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TORONTO, July 17, 2026 /PRNewswire/ — On July 16, 2026, Justice Markus Koehnen of the Ontario Superior Court of Justice ordered CI Mutual Funds Inc. and AIC Limited to pay Class Members damages and interest in excess of $170 million.

The Market Timing class action, commenced in 2006, alleged that certain mutual fund managers permitted sophisticated offshore hedge fund investors to engage in frequent trading in their funds, that substantially diluted the investment of long-term investors, including retail unitholders, many of whom were retirees.

Rochon Genova has represented the long-term investors since the inception of this case, including before the Supreme Court of Canada, on appeal from an earlier certification motion.  The Supreme Court certified the case in 2013. A subsequent case management order divided the trial into two phases: a trial in respect of liability, and a subsequent trial in respect of damages. The liability trial was held in February, March and June 2022.

On February 13, 2023, Justice Koehnen issued reasons for judgment in respect of the liability trial.  Justice Koehnen found that both CI and AIC breached their duty of care to prevent “market timing” in their funds. The liability decision, indexed as Fischer v. IG Investment, 2023 ONSC 915, is available here.

The damages trial was heard before Justice Koehnen between March 28 and May 16, 2025. Closing submissions were heard on July 30, August 6 and August 7, 2025. In total, Class Counsel spent 41 days in trial on liability (24 days) and damages (17 days). On June 16, 2026, Justice Markus Koehnen of the Superior Court of Justice issued reasons for judgment in respect of the damages trial.

The Court accepted the evidence of the Plaintiffs’ expert, Professor Eric Zitzewitz, and determined that the “Next Day NAV method” of calculating damages was the appropriate methodology to use, as it measures the specific harm that the time zone arbitrage at issue caused, harm referred to as dilution.

Justice Koehnen determined that the “profits method”, the method of calculating damages advocated for by CI’s expert, was not appropriate as it “measures the wrong thing”. The Court determined that on a balance of probabilities, the “prerequisites of using the profits method” had not been met.

Ultimately, with respect to CI, the Court awarded the Plaintiffs $60,480,000 in damages for the harm resulting from CI’s failure to take appropriate steps to prevent market timing by certain Identified Accounts.

The Court also awarded the Plaintiffs damages caused by specific Additional Accounts at CI that were identified by the Plaintiffs’ expert, Professor Zitzewitz, as having engaged in market timing that harmed the unit holders.

With respect to AIC, the Court awarded the Plaintiffs a total of $37,900,659 in damages, which includes damages caused by the Identified Accounts, and Additional Accounts at AIC that were identified by the Plaintiffs’ expert as having engaged in market timing. 

The Court determined the Plaintiffs are also entitled to pre-judgment interest in the amount of 2.8% per annum, to be applied to the damages figures set out above, in addition to costs against both Defendants.

Peter Jervis, a senior partner at Rochon Genova who led the prosecution of this case, stated: “The damages decision sends a clear message that those who fail to safeguard investors from harmful market practices will be held accountable. That this result was achieved after two decades of hard-fought litigation, is a testament to the perseverance of the Representative Plaintiffs and Class Counsel, and to the strength of our judicial system in delivering access to justice in complex cases.”

Joel Rochon, the Managing Partner of Rochon Genova added: “The decision is an important victory not only for the Class Members, but for the integrity of Canadian capital markets. Mutual funds are a cornerstone of the retirement savings of millions of everyday Canadians, and investors are entitled to expect that fund managers will protect them from practices that unfairly dilute the value of their investments.”

The Plaintiffs in this action were represented by Peter Jervis, Joel Rochon, Sarah Fiddes and Jessica Marshall.

For further updates, please visit Rochon Genova’s website here.

View original content:https://www.prnewswire.com/news-releases/ontario-superior-court-awards-over-170-million-in-damages-to-mutual-fund-investors-in-landmark-class-action-decision-302828857.html

SOURCE Rochon Genova

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Global Commercial Service Robot Shipments Leader KEENON Puts Humanoids to Work at WAIC 2026

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July 18, 2026

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SHANGHAI, July 18, 2026 /PRNewswire/ — At WAIC 2026, KEENON Robotics is bringing humanoid and specialized service robots onto the same stage—not as competing concepts, but as complementary forms of embodied intelligence working across complete commercial service workflows.

According to IDC, KEENON ranked first worldwide in commercial service robot shipments in 2025, while maintaining its leadership in the global delivery robot market. IDC also sees the industry moving toward a more diversified, multi-form future, where different robot types are deployed according to the needs of specific tasks and environments. KEENON first propose such strategy and WAIC showcase brings that trend to life.

At the booth, the newly introduced hotel laundry scenario demonstrates this approach most clearly. Humanoid robots complete operational tasks such as loading and operating washing machines, retrieving clean laundry, and folding garments, while the DINERBOT T9 supports the wider delivery workflow. Together, they show how humanoid and specialized robots can divide responsibilities and collaborate within a real hotel operation.

Beyond the hotel workflow, KEENON applies the same role-based approach to food and retail service. Drawing on years of customer insight from restaurants and stores, XMAN-R1 takes on front-of-house tasks that combine interaction with object handling—from preparing drinks with NOWWA Coffee to responding to customer requests in dessert and retail settings. Rather than presenting isolated demonstrations, these scenarios show how KEENON is extending proven commercial service workflows into new humanoid capabilities, with every task performed autonomously and without teleoperation.

Through its “general-purpose humanoid + specialized service robot” strategy, KEENON is building a practical path for embodied intelligence: humanoids take on flexible operation and interaction tasks, while specialized robots continue to handle high-frequency delivery and cleaning. At WAIC 2026, KEENON is showing not just more robot forms, but a more complete model for commercial deployment.

With more than 100,000 service robots deployed worldwide across over 70 countries and regions, KEENON has been recognized by global renown brands across various sectors and widely deployed at major brands like Burger King, Buffalo Wild Wings, Hilton, BMW, Lego etc. From 10 to 20+ robots operating in single venues like Hotel Around Pyeongchang to a mixed fleet of 8 robots across 6 types at facilities like Shangri-La’s Trader Hotel, making it world-first intelligent hotel with both humanoid and service robot, KEENON delivers proven multi-robot efficiency.

SOURCE KEENON Robotics Co., Ltd.

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MDT Introduces TMR1370 Ultra-Low-Power Magnetic Switch IC Enabling More Than Two Years of Standby Operation in CGM Devices

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July 18, 2026

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— Next-Generation TMR Magnetic Switch with Ultra-Low 50nA Maximum Supply Current Expands MDT’s Proven CGM Sensor Portfolio

ZHANGJIAGANG, China, July 18, 2026 /PRNewswire/ — MultiDimension Technology Co., Ltd. (MDT), a leading supplier of magnetic sensors and a pioneer in Tunneling Magnetoresistance (TMR) technology, today introduced the TMR1370 ultra-low-power magnetic switch IC, the newest addition to MDT’s magnetic sensing portfolio for continuous glucose monitoring (CGM) devices. Building on the proven TMR1367, TMR1368, and TMR1369 family, the TMR1370 delivers significantly lower power consumption, enhanced voltage compatibility, and a smaller package to enable next-generation CGM systems with ultra-long standby life.

Optimized for battery-powered CGM devices, the TMR1370 features a maximum supply current of only 50nA, with approximately 30nA typical at a 3V supply. When combined with the magnetic wake-up mechanism widely adopted in CGM devices, the TMR1370 enables more than two years of standby operation, helping extend product shelf life while preserving battery capacity for continuous glucose monitoring after activation.

The TMR1370’s exceptional power efficiency is enabled by MDT’s proprietary TMR technology platform, which combines advanced magnetic sensor design, optimized device architecture, and proprietary wafer process technology to achieve high magnetic sensitivity together with ultra-low power consumption. Complementing MDT’s existing X-axis and Z-axis CGM magnetic switch portfolio, the TMR1370 gives system designers greater flexibility to optimize sensor orientation and mechanical layout for a wide variety of CGM architectures while enabling easy migration from previous-generation devices.

Key Features

Enables more than two years of standby operation in battery-powered CGM devices.50nA maximum supply current, approximately 30nA typical at 3V.Wide 1.8V to 4.0V operating-voltage range.Maximum operating point below 40 Gauss for reliable magnetic wake-up detection.X-axis magnetic sensing optimized for compact CGM designs.Miniature DFN5L package (1.6×1.6×0.5mm) for thinner and lighter wearable medical devices.Complements MDT’s proven X-axis and Z-axis CGM magnetic switch portfolio for flexible system design and simplified migration.

Samples of the TMR1370 are available through DigiKey and MDT’s online store at www.tmr-sensors.com. For volume pricing, delivery information, and technical specifications, contact MDT Global Sales at sales@dowayusa.com.

About MDT
MultiDimension Technology was founded in 2010 in Zhangjiagang, Jiangsu Province, China, with branch offices in Shenzhen, Chengdu, and Ningbo in China, Singapore, Tokyo, Japan, and San Jose, Calif., USA. MDT has developed a unique intellectual property portfolio, and its self-owned state-of-the-art TMR manufacturing facilities that can support volume production of high-performance, low-cost TMR magnetic sensors to satisfy the most demanding application needs. Led by its core management team of elite experts and veterans in magnetic sensor technology and engineering services, MDT is committed to creating added value for its customers and ensuring their success. For more information about MDT please visit http://www.multidimensiontech.com.

Media Contacts
MDT sales department, sales@dowayusa.com, sales@dowaytech.com
Tel: +1-650-275-2318 (US), +86-189-3612-1156 (China)

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SOURCE MultiDimension Technology Co., Ltd.

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