Global demand for early diagnosis and preventative medicine is driving growth and innovation within the wearable technology market.
The potential for wearable devices to remotely monitor patients and enable physicians to analyse an individual’s health condition remotely will transform the treatment of those with common cardiac and chronic diseases.
Health organisations can now more effectively monitor and care for elderly patients through wearable devices such as CarePredicts Tempo wrist band that lets healthcare workers identify small changes in daily activities that can predict when their at-home patients might need help or intervention to prevent a serious episode or avoidable hospitalisation.
The Omron Project Zero wrist-worn health wearable for example is a subtle and clinically accurate blood pressure monitor (BPM) that provides real-time blood pressure readings. It has been designed to help patients with chronic illness better record and manage their health data, alerting them if blood pressure readings exceed recognised safe levels or if irregular heartbeat recordings should be brought to the attention of a physician.
Product innovations in this market are not solely limited to wristbands either, with wearable skin patches currently in development that are able to monitor blood sugar levels via sweat and then deliver diabetes drugs through the skin via microneedles embedded in the patch itself.
Advances in wearable technologies like these that focus on the capabilities of monitoring patient vital signs at home and in the community in particular could have far reaching implications for transforming the way that doctors are able to treat patients and manage care delivery. Ensuring that care delivery is shifting from a traditionally reactive system towards a more proactive one with a focus on promoting wellness and healthy lifestyles throughout life will help to ease ever mounting pressures on resources.
Crucially these advances in wearable healthcare technologies can facilitate the early diagnosis of disease, help to prevent chronic conditions, improve clinical management of neurodegenerative conditions, and increase the chances of identifying and promptly responding to patients in emergency situations.
The way our healthcare system is set up to treat patients is poised to change; and wearable technology is surely going to be a driving force in shaping this future. Opportunities are presenting themselves for pharmaceutical brands and technology companies to rethink how they can best service doctors and patients in this changing environment. The Healthcare team at ACA Research keep abreast of developments in the market to help ensure that our research doesn’t just meet the needs of the here and now, but sets up our clients for the future.
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