Health monitoring and fitness offering huge market potential for Wearable Optical Sensors
Optical Sensors have created a growing attention in health monitoring through various applications that can be integrated with wearable gadgets which include watches, smart phones and fitness equipment. Optical sensors enlarge the opportunities through self-observation and also provide features like pulse rate, oxygen levels and saturation levels through small gadgets for wrist and fingers which is more convenient.
Wearable optical sensors manufactured with plastic semiconductors are now currently emerging into the market as low cost and disposable products. Wearables are significant for regular monitoring and the main advantage is the product is of light weight, flexible and easy to manufacture. These are light-based sensors which can be used to monitor the changes in the body by detecting the muscle contraction and expansion accordingly. A very stimulating conceivable use of the optical sensor is the process of monitoring the prosthetic limbs and possibly artificial heart without any insertion of needles into the body. The optical sensors technology in health care with various portable devices is driving the medical tests from hospital to home. The various health monitoring wearable devices that are available in the market are limited to being fitness devices which would definitely need sprucing up for use in Healthcare and Medicine.
Current State of Wearable market in 2015
Most of the applications of wearables are mainly related to health & fitness activity monitoring. Wearable devices get into different applications which are segmented in below diagram.
According to the above figure, majority number of wearable devices is used in Lifestyle which signifies. The next market for the wearable optical sensor devices is health and fitness. As per the IndustryARC analysis, the optical sensors market would reach around $18.7 billion. The market for optical sensors devices increase as the shipments of tablets and smart phones increase as the entertainment segment also plays a major role in the wearables market.