Medical Electronics

Date of Publication: Aug 26, 2016
Wearable Technology and Digital Healthcare represent two dominant trends that are poised to redefine virtually everything about how health products and services are delivered and supported. Ranging from telemedicine to self-monitoring and diagnosis, wearable devices and the Internet of Things (IoT) will start as a novelty and achieve necessity status as insurance company cost optimization become the main driver for adoption and usage.

Date of Publication: Feb 4, 2015

Sports, Fitness, Healthcare, and Clothing are emerging as key industries for the early market success of wearable technology. Mind Commerce sees wearables in Sports and Fitness alone reaching $9.4 billion globally by 2020 with a CAGR of 103%. Wearable devices within these market segments typically represent an accessory that provides the user with information in support of various applications and/or personal services. For example, some wearables in healthcare help in monitoring blood pressure levels, heartbeat, body temperature and similar other evolving features. Wearables within these industries are also a key part of the Personal Internet of Things (PIoT) as they gather important data about personal habits, lifestyle, and physical attributes.