Whitepaper - Medical Device

Wearable Medical Device

The wearable medical device industry is indispensable in revolutionizing healthcare by promising seamless integration into daily routine. These devices have evolved and adopted various uses, from simple devices assisting surgery to achieving fitness goals. The advancement of embedded systems, wireless communication technologies, sensing technologies, nano-technologies, and miniaturization is making it possible to develop smart medical systems to monitor human activities continuously. Wearable technology in healthcare refers to a variety of wearable medical devices and supportive accessories. A wearable medical device monitors health metrics and assists in delivering treatment based on provided medical information. Examples include smartwatches that monitor blood pressure, heart rate, and insulin pumps. These devices help manage the chronic conditions of an individual and promote awareness. Wearable sensors help detect abnormal and/or unforeseen conditions by monitoring physiological parameters and other symptoms. This blog presents an overview of wearable medical devices, highlighting the current trends, gaps, major juggernauts, government initiatives, and conclusion based on key opinions of the stakeholders of wearable medical devices.

Notable Trends in Wearable Medical Devices

A notable trend in the wearable medical device market includes personalized health monitoring, integration with telemedicine, an advanced biometric sensor, seamless data connectivity, data security and privacy, chronic disease management, and AI and predictive analytics. Growing demand for wearables in the healthcare ecosystem has proven to be a booming market, and companies are involved in supplying wearable health technology to their consumers and making it beneficial. According to the data retrieved from the National Institutes of Health, approximately 30% of the adult population in the US adopt wearable healthcare devices, and nearly half of this population use wearable devices daily to deal with complex health issues. Several companies are reportedly competing to lead in commercializing wearable blood pressure devices that could replace conventional hospital tests.

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