As the life expectancy of individuals increases with recent advancements in medicine and quality of living, it is important to monitor the health of patients and healthy individuals on a daily basis. This is not possible with the current health care system in North America, and thus there is a need for wireless devices that can be used from home. These devices are called biomedical wearables, and they have become popular in the last decade. There are several reasons for that, but the main ones are: expensive health care, longer wait times, and an increase in public awareness about improving quality of life. With this, it is vital for anyone working on wearables to have an overall understanding of how they function, how they were designed, their significance, and what factors were considered when the hardware was designed. Therefore, this study attempts to investigate the hardware components that are required to design wearable devices that are used in the emerging context of the Internet of Medical Things (IoMT). This means that they can be used, to an extent, for disease monitoring through biosignal capture. In particular, this review study covers the basic components that are required for the front-end of any biomedical wearable, and the limitations that these wearable devices have. Furthermore, there is a discussion of the opportunities that they create, and the direction that the wearable industry is heading in.