The invention discloses a wearable physiological parameter collecting device based on WIFI communication. The device comprises a power supply management module, a physiological parameter collecting module, a WIFI communication module and a processor module. The device is small in size, light in weight, convenient to carry, high in mobility and good in comfort, device cost is low, compared with a traditional physiological parameter collecting device, the device does not have an expensive displaying screen, parameter information is displayed through an intelligent mobile terminal, a hardware part of the device is low in cost, anti-interference ability is high, network connecting is stable and reliable, data transmission error correcting capability is high, through a wireless local area network technology, device data transmission speed is fast, device using is convenient, monitoring information is stable and reliable, the using range is wide, and limitation of time and territory is avoided.