Market Research Report
Connected Wearable Devices in Healthcare: Wearables in Medical, Wellness and Fitness Markets by Device Type, Body Area, Solution Type (Prevention, Monitoring and Treatment) and Health Concerns 2019 - 2024
|Published by||Mind Commerce||Product code||782000|
|Published||Content info||248 Pages
Delivery time: 1-2 business days
|Connected Wearable Devices in Healthcare: Wearables in Medical, Wellness and Fitness Markets by Device Type, Body Area, Solution Type (Prevention, Monitoring and Treatment) and Health Concerns 2019 - 2024|
|Published: February 5, 2019||Content info: 248 Pages||
There is great demand in the healthcare industry for remote monitoring and diagnostics. Driving factors include healthcare cost inflation coupled with a rapidly aging global population within the developed countries. For example, 20 percent of United States residents are projected to be age 65 or older by 2030. Improving supply factors include improvements in electronics miniaturization and innovation leading to reduced device cost. R&D in wearable healthcare devices is leading to enhanced functionality, form factor improvements, and frictionless integration with Internet of Things (IoT) systems and solutions.
Machine-to-Machine (M2M) communication enables wearable healthcare devices to communicate autonomously with monitoring systems for both real-time decision making and data gathering for future analysis. Secure M2M enabled data transport and IoT system connectivity facilitates integration of healthcare info with data analytics solutions. Advanced healthcare data management solutions, supported by artificial intelligence, are capable of processing massive amounts of healthcare information, including unstructured data acquired from many different sources and contexts.
One of the core reasons for wearables in healthcare is to transmit information for medical support from a licensed professional. However, there is also a market for "quantified self" in healthcare, which refers to the incorporation of technology into data acquisition on aspects of a person's daily life. This enables a "Do it Yourself" (DIY) tool for consumers to self-monitor and self-report important wellness items such as blood pressure.
Wearable devices for medical, wellness, and fitness purposes are many and varied, consisting of various form factors depending on the purpose and placement on the human body. Wearable devices can worn and/or integrated into apparel to become less intrusive. Sensors (biomechanical, motion, etc.) may be placed at specific parts of the body to communicate with an overall Body Area Network system.
Looking beyond simply wearables is the emerging area of "implantables" (e.g. devices implanted within the body). This includes everything from pacemakers to devices that monitor key wellness levels within the body such as blood-sugar, reducing or illuminating the need for direct patient involvement. Miniaturization of monitoring devices and power sources has opened up new opportunities for wearable and implantable technologies. This is especially true in the field of healthcare, an industry that is in great need for mass-personalization at efficient and effective scale and scope.
This report evaluates the current state of the wearable technology ecosystem including devices, applications, and services within the medical, wellness, and fitness markets. The report addresses key challenges, market players, and solutions. The report also provides an outlook for the future of wearable devices in medical, wellness, and fitness with forecasts for the period 2019 - 2024. This includes insights and opinions about the future of wearable technology in healthcare including future devices (such as implantables), IoT integration, and advanced data management.