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ARTICLE · 30 SEPTEMBER 2024

Navigating IP Challenges In The Wearable Tech Space

Finnegan, Henderson, Farabow, Garrett & Dunner LLP
Finnegan, Henderson, Farabow, Garrett & Dunner LLP
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Finnegan, Henderson, Farabow, Garrett & Dunner LLP

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The market for products like watches, rings, belts and extended applications to provide a consumer-friendly overview and analysis of medically useful biometric data is steadily growing.

United StatesIntellectual Property

The market for products like watches, rings, belts and extended applications to provide a consumer-friendly overview and analysis of medically useful biometric data is steadily growing.

In 2023 it was valued at $81.15 billion. Recent technological advancements in wearable devices, the growing awareness towards prioritisation of health and physical performance as well as the increasing prevalence of chronic diseases and lifestyle-related disorders have all contributed to this notable development.

This growth is highly relevant for innovative companies in this sector, as is reflected in the increasing number of patent applications and related disputes. As more businesses enter the market and innovate, the competition for IP rights intensifies. Consequently, companies must be diligent in protecting their valuable assets, securing their related patents and preparing for potential litigation to maintain a competitive edge.

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