Health, fitness and telemedicine are part of record technology revenue forecast

According to a new forecast from the Consumer Technology Association (CTA), consumer technology revenues are expected to hit an all-time high of more than $505 billion, and the health and fitness sector will account for a significant portion of that revenue.

“Telemedicine” [for example] is one of those technology-driven services that is revolutionizing the way we provide healthcare, not just in the United States, not just in Europe, but around the world,” said Steve Koenig, vice president of research at CTA.

Koenig made an opening statement to the media on Monday at the Consumer Electronics Show (CES) in Las Vegas. The show will be open to the public from January 5-7.

COVID-19 Pandemic Fuels Telemedicine Use

Koenig said CTA statistics show that one in four adults attended a video meeting for medical purposes in the past year. The statistics matched data from the University of Michigan showing that one in four older Americans had a virtual medical visit in the first three months of the COVID-19 pandemic.