Wearable Technology in Healthcare
Wearable technology has been gaining momentum for the last few years as an effect of the fourth industrial revolution, which includes the Internet of Things (IoT), 3D printing, artificial intelligence, and machine learning with features such as connectivity, continuous or controlled learning, and personalization. This is offering people to manage their health in more effective ways and the betterment of their lives. In the healthcare industry, wearable technology has application in diagnosis and monitoring and can be done with the help of remote-monitoring devices, at-home diagnostic tests, portable imaging equipment, and enhanced connectivity.
Through this whitepaper, DelveInsight is representing the current scenario of wearable devices in the healthcare industry. The whitepaper includes an overview, types of devices, associated regulatory norms, application, leading market players, start-ups operating, top devices of 2020, advantages and disadvantages, along with the effect of coronavirus on devices and the future of wearable technology. The technology is helping consumers and patients to monitor their vitals independently and remotely, without visiting the hospitals. The benefits of the inclusion of wearable technology in healthcare are felt across the entire healthcare process ranging from early diagnosis of the disease and better decision making to treatment personalization and medication adherence. The major giants operating in the wearable devices are Fitbit Inc., Garmin Ltd., Philips, Huawei Technologies Co., Ltd, Apple Inc., Samsung Electronics Cp., Ltd., LG Electronics, Sony Corporation, Google LLC, Microsoft Corporation, Misfit, among others. Wearable technology is estimated to eliminate the need for bulky files and documents for each patient and decrease the need to visit hospitals. Thus, the demand for these devices will drive the global market for wearable in the healthcare industry.