Medical Device Wearables

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A wearable medical device can be described as an autonomous, non-invasive system that performs a specific medical function such as monitoring or support.

Wearables have surfaced up as next big thing in medical arena. More and more number of tech giants are pouring into this segment, with a common motive of getting bite of this billion dollar market.

The focus area of this feature will be:
1.What is the market size of medical device wearable and its growth rate ?
2.What are different health care wearables that have surfaced up as pioneers  ?
3.What is regulatory standpoint of this wearables ?

1.What is the market size of medical device wearables and its growth rate ?

According to recent reports, wearable medical device market is poised to become USD 5.8 billion by 2018. ABI Research has projected that by 2016,wearable wireless medical device sales will reach more than 100 million devices annually. The market for wearable sports and fitness-related monitoring devices is projected to grow as well, reaching 80 million device sales by 2016. Benefiting from growing advancements in electronics and communication technique the market has great room for innovation in coming days. Over the past few years, advanced medical device technologies have become more elevated in terms of their comfort and usability, an agenda that all the medical wearables long to build on, as they move forward.

Each of this developments are leveraging wearables add-ons to address bigger picture for health care.

2.What are different healthcare wearables that have surfaced up as pioneers?

According to a article on information week.com below are some noteworthy medical device wearables that have been most spoken on various healthcare portals :

√ 9Solutions’s IPCS  wireless Bluetooth and SaaS-based real-time locating system (RTLS) and application platform that enables real-time tracking of people and equipment.

√ AiQ develops “smart textiles” for a range of custom apparel, including a vital sign monitoring system in a t-shirt.

√ Metria Wearable Sensor is another new tool aimed at helping the healthcare industry shift toward prevention.

√ BodyTel products offer the convenience of home diagnostics to people who have chronic illnesses or simply hope to avoid health problems by making lifestyle changes
advised by a doctor.

√ Danfoss PolyPower A/S is working to develop and commercialize its electroactive polymer technology, called PolyPower.

√ Imec’s wearable electroencephalography (EEG) headset and EKG patch keep tabs on your brain and heart activity, respectively.

√ Moticon is the world’s first fully integrated and wireless sensor insole, according to the company. The insole can be used in any shoe to measure the distribution and motion parameters for patients and athletes.

√ Nuubo is a new-generation wireless and remote cardiac monitoring platform. The company designs,manufactures and sells a portfolio of wearable medical technologies for cardiac prevention, diagnostics, and rehabilitation solutions.

√  TmG-BMC lets users monitor muscle fatigue while exercising using a muscle contraction (MC) sensor.

√ Preventice , a developer of mobile health applications and remote monitoring systems, recently announced its BodyGuardian Remote Monitoring System (RMS).

3.What is regulatory standpoint of this wearables ?

To realize its full potential, wearable technology in healthcare has to cross the boundary from consumer electronics devices to regulated medical devices. Regulated wearable devices can be relied upon to provide accurate data and can potentially be integrated into patient health records. Well defined structure in this space is acknowledgment that the regulatory system has complete faith on wearable devices in regards to their potential, and solutions that they look to put on table.

As of now we can just wait and watch ; this number of medical device wearables  grow, but as rightly said in one of the PWC report
“opportunity that wearable represents is large , but its success would depend on design usability”

Sources: Informationweek.com

Medical Device Trends
(http://medicaldevicetrend.com)

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