Wearable devices are transforming healthcare by providing real-time health monitoring, improving patient engagement, and offering data-driven insights for clinicians. This chapter explores the economic and health policy implications of wearable technology in modern healthcare systems. From reducing hospital readmissions to enabling personalized care, wearables present significant opportunities for cost savings and enhanced health outcomes. The chapter examines key economic benefits, including optimized resource allocation, improved chronic disease management, and reduced healthcare disparities through remote care access. Furthermore, it addresses the challenges posed by wearables, such as data privacy concerns, integration with existing healthcare systems, and regulatory hurdles. Policy considerations focus on reimbursement models, equitable access, and standardizing data interoperability to maximize the potential of wearable devices. Case studies are presented to illustrate the impact of wearables on population health and healthcare delivery. By analyzing these economic and policy dimensions, the chapter highlights how wearable technology is reshaping healthcare, fostering innovation, and enabling a more patient-centered approach to care. This exploration underscores the need for collaborative efforts among stakeholders to harness the full potential of wearable devices for sustainable and equitable healthcare transformation.