Adhesives Mag logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Adhesives Mag logo
  • NEW PRODUCTS
  • NEWS
    • Adhesives & Sealants Headlines
    • Mergers/Acquisitions
    • Events Calendar
    • Market Trends
  • TOPICS
    • Finished Adhesives and Sealants
    • Pressure-Sensitive Adhesives (PSAs)
    • Coatings
    • Raw Materials and Chemicals
    • Materials Handling/Processing
    • Meter/Mix/Dispense
    • Curing
    • Testing/Quality Control
    • Packaging of Adhesives & Sealants
    • Converting/Packaging
    • Composites
    • Sustainability
  • COLUMNS
    • European Perspectives
    • Strategic Solutions
    • Supply Chain Strategies
    • Tape Talk
  • TOP 20
  • MULTIMEDIA
    • Videos
    • Podcasts
    • Webinars
    • eBooks
  • EXPLORE
    • Adhesives in Action
    • Blog
    • ASI Store
    • Industry Links
    • Market Research
    • Classifieds
  • DIRECTORIES
    • Buyers' Guide
    • Global Adhesives & Sealants Directory
    • Raw Materials, Chemicals, Polymers and Additives Handbook
    • Equipment Handbook
    • Distributor Directory
  • EMAGAZINE
    • EMAGAZINE
    • ARCHIVE ISSUES
    • ADVERTISE
      • Custom Content & Marketing Services
    • CONTACT
  • SIGN UP!
NewsAdhesives and Sealants TopicsMarket TrendsCoronavirus CoverageAdhesives & Sealants HeadlinesFinished Adhesives and Sealants

COVID-19 Causes Wearable Shipments to Plummet by 27 Million Compared to Pre-Pandemic 2020 Forecast

While healthcare wearables are aiding current situations, all wearable device types are expected to see a small amount of increase in the second half of 2020.

chart
June 11, 2020

Consumer interest in buying non-essential devices dropped in the first quarter of 2020 due to the COVID-19 pandemic, negatively impacting demand for wearables, reports ABI Research. The sector is also dealing with issues associated with a hampered supply chain.

Wearable shipments in 2020 are now expected to be 254 million, down from the previously forecasted 281 million. Although a significant drop, this new COVID-19 impacted forecast is a minor increase from the 241 million shipments in 2019. However, this now puts the estimated year-over-year increase at 5%, compared to 23% between 2018 and 2019 and the previously expected 17% for 2020.

“While wearables will see fewer shipments this year than originally expected, shipments of devices that can track and monitor healthcare vitals has lowered the impact,” said Stephanie Tomsett, research analyst at ABI Research. “Healthcare wearables are already being utilized to help track the progression of COVID-19 and monitor patients remotely.”

While healthcare wearables are aiding current situations, all wearable device types are expected to see a small amount of increase in the second half of 2020, with smartwatches and sports, fitness, and wellness trackers leading this growth. However, consumers and enterprises will now prefer wearables that feature more health-related monitoring capabilities.

Many device manufacturers are offering or developing advanced monitoring features such as ECG tracking, sleep apnea detection, arrhythmia detection, and blood oxygen tracking. The incorporation of these features into devices that already have several other features (particularly smartwatches) allows users to utilize one device rather than multiple devices for different purposes.

“The COVID-19 pandemic has brought a higher health awareness to all individuals around the world,” said Tomsett. “Wearables with advanced health monitoring features will begin to buoy the wearables market in the second half of 2020 and pave the way for 289 million wearable shipments by 2021 and 329 million by 2022 as the world recovers from the pandemic.”

For more information, visit www.abiresearch.com.

KEYWORDS: adhesives in electrical/electronic adhesives in medical/dental COVID-19 market reports sealants in electrical/electronic sealants in medical/dental supply chain

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • mouse in hole

    Using Foam Sealants for Pest Prevention

    According to the National Pest Management Association,...
    Finished Adhesives and Sealants
    By: Kevin Corcoran
  • linked network nodes

    Using the Power of AI for Adhesive and Sealant Formulation

    With the help of software solutions, adhesive formulators...
    Finished Adhesives and Sealants
    By: Karen Parker
  • top20-hero.jpg

    2024 ASI Top 20: Leading Global Manufacturers of Adhesives and Sealants

    ASI's annual ranking of the top 20 global adhesive and...
    Adhesives and Sealants Topics
Subscribe For Free!
  • eMagazine Issues
  • eNewsletter
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

More Videos

Popular Stories

Picture of white beads of hot-melt adhesives

Henkel and Synthomer Work to Cut Carbon Emissions in Adhesives

Image of a green plant

BioBond Licenses Technology Developed at Purdue to Create Biodegradable Packaging Adhesives

Photo of shoe on shovel breaking into dirt

PPG to Build New Manufacturing Facility in North Carolina for Aerospace Coatings and Sealants

ASI Top 20 website

Events

January 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Products

Structural Adhesives: Properties, Characterization and Applications

Structural Adhesives: Properties, Characterization and Applications

See More Products

ASI CASE EBOOK

Related Articles

  • residential construction

    Housing Affordability Declines Due to Economic Losses Stemming from COVID-19 Pandemic

    See More
  • Generic_News

    New NAHB Index Finds Ongoing COVID-19 Pandemic is Causing Remodeling Activity to Slow

    See More
  • COVID-19 coronavirus

    Pandemic Prompts ExxonMobil to Reduce 2020 Capex by 30%

    See More
×

Keep the info flowing with our eNewsletters!

Get the latest industry updates tailored your way.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey & Sample
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Youtube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing