Published on : Dec 30, 2015
The global healthcare industry has been growing at a tremendous pace due to technological innovations and innovative approaches shown by medical devices companies and consumer goods companies. The overall healthcare industry has been undergoing a sea change due to ever-changing dynamics, incredible discoveries, and the constant pressure of arriving at the right business decisions that add value to the corporate growth structure and benefits the masses. The global healthcare industry, today, has been forced to break out of the conventional mold and adapt and adopt to technological changes around it. This transition has giving the patients an easy access to medical help and helped the healthcare industry on the whole to penetrate the remote regions.
Wearable Technology Segment Offers a New Avenue for Growth to the Healthcare Industry
A fine example to this adoption is the wearable technology that has come a long way over the years, offering both the users and the helpers a new chance at dealing with problems. The healthcare industry has seamlessly adopted wearable technology solutions such as back therapy devices, heart rate monitor, asthma monitoring, battery-operated knee brace, and continuous glucose monitors (CGM) amongst others. The global wearable medical devices market is also diversifying at a remarkable pace with new devices and applications that cater to a wide range of diseases. The wearable technology segment is also shifting towards data analytics for acquiring better output. This effort is surely adding value to these new gadget that oscillate between medical devices supporting the healthcare industry and consumers that enhance lifestyles.
Ease of Use to Make Wearables Popular
The healthcare industry is also trying to change its approach from providing affordable care to its patients to making it a consumer-oriented industry. Researchers predict this technology will outpace the fitness and wellness perception in no time, changing lives of many and brining healthcare to the fingertips. Some of the features that will help the wearable technology grow in the overall healthcare market are compactness of the devices, portability, ease of use, and affordability. Big players such as Google, Apple, and Fitbit will lead the way of many in the wearables segment in the near future.