Wearables in healthcare have garnered huge vertical boost in the recent times by going beyond fitness and weight trackers. When it comes to the potential of wearables and health, this is just the tip of the iceberg. It’s about potentially life-saving technology integrated seamlessly into our lives. Consumers’ interest in their total health is coinciding with advances in mobile technology that can make us far healthier as a population and even reduce healthcare costs. Mainstream in-market examples are already here, and as every month goes by, they’re becoming more and more intelligent. The buzz is big around both Apple and Google’s inroads into wearable biotech. Apple’s iWatch is rumored to have several biometric sensors and Google is partnering with several companies to offers better health tracking.
Transformative changes are coming in the areas of pharmaceuticals and healthcare delivery with the advent of wearables. Moreover there are various inroads being formed into early breast cancer detection. It’s not just medical researchers or zealous marketers driving investment, it is backed by strong consumer demand. Some researchers tracking the market suggest that the wearable health market will reach $2 billion worldwide by 2018. There’s strong consumer demand that has made the wearables market a lucrative option in healthcare.
Source: Venture Beat
By: Jimmy Parker
Posted: August 28, 2014, 10:54 am
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