Valencell licenses technologies to companies that then incorporate these technologies into their finished products and offerings.
ABI Research 2009: The market for wearable wireless sensors is set to grow to more than 400 million devices by 2014
- Demand will come from the professional healthcare, home healthcare and sports and fitness markets.
- The sports and fitness market represents more than 90 percent of the market today.
CTIA and Harris Interactive 2009: 78% of the US is interested in mobile health solutions. 15% of the US is extremely or very interested in it.
- 19% would upgrade their current mobile phone plan to get access to wireless health services. 11% said they would even switch carriers to get access.
- 40% stated mobile health would supplement medical care from doctor.
Pricewaterhouse Coopers survey 2009: 73% of consumers would use biometric electronic remote monitoring services to track their chronic condition or vital signs.
Best Buy in 2009, launches fitness sections in 40 of its stores in the US.