Have you also noticed a shift?
Gone are the days when the winter mornings were about blankets, loaded breakfast & heavy meals. With health becoming a priority, there has been a gradual shift in the way people managed their routines. The change in the way you and I perceive health has guided market trends in the medical & healthcare industry.
With the growing awareness around fitness and chronic diseases becoming sporadic, the wearable healthcare segment is bound to experience massive growth. The global wearable medical devices market size will grow to reach USD 195.57 billion by 2027 while exhibiting a CAGR of 26.4% between 2020 and 2027 (Fortune Business Insights).
Medical Device development companies and Medical device contract manufacturers are adapting to changing demands of the global population. Health tracking tools and smart wearables are no longer a luxury. These are becoming an indispensable part of everyone’s lives. Wearable healthcare technologies will remain dominant for many coming years. The MedTech giants as well young startups in business are looking at ways to make every wearable device more compact, enriched & intuitive.
Let’s explore some popular devices in the Wearable Healthcare Segment that you may want to add to your portfolio.
1. Fitness Trackers:
The trackers are effective in keeping track of daily activity levels. With fast-paced advancements in technology, soon we’ll see all these features in a compact finger ring rather than a wristwatch. New-age healthcare is all about making health tools easier to use, understand and carry.
2. Smart Watches:
Smartwatches are called so because of their smart functionality. There are many ways in which smartwatches have been customized for different market requirements. The Medical Device Market has a tsunami of ideas to make wearable healthcare devices much more feasible, stylish, and functionally enriched. The young entrepreneurs in business are coming up with innovative ways to combine innovation, style, and health in their devices. MedTech now is at its peak and the sky is limit to experiment, explore and develop.
Some common functionalities that smartwatches can offer today are as follows:
- Physical Activity
- Heart Rate/Pulse rate
- Sleep hours tracking
- Tracking female health
- Diabetes {Sugar level Testing}
- Sleep Apnea
3. EKG Monitors:
EKG monitors are another popular wearable health tool to detect heart health. The device has been useful in detecting heart attacks and strokes in many cases. EKG monitors in the form of wearables enable on-the-go heart health monitoring. Some MedTech OEMs are also looking towards making heart monitoring connected. This will enable the doctor to keep track of the patient irrespective of the user’s location.
4. Blood Pressure Monitors:
Blood pressure monitors are the new addition to the world of wearable medical devices. The first wearable BP monitor was launched back in 2019. In the post-covid scenario, many Medical device OEMs are coming up with interesting BP Monitor ideas of portable & wearable devices. Blood pressure monitoring is one of the pressing issues in the current scenario as heart disease rates amongst the global population are at their peak.
Image Credit: Amazon
5. iNishCalm
Smart Sleep aid for insomnia and anxiety. This is a smart app that enabled devices with CES (Cranial Electrical Stimulation) technology. It comes in the form of a goggle with a light-blocking mechanism to impart deep sleep. Cranial Electrical Stimulation is a researched technology to non-pharmacologically aid in sleep disturbances. On application, the device induces the release of certain hormones called cortisol, serotonin, and various other neurotransmitters delivering a sense of relaxation.
At Johari Digital Healthcare Ltd. we have world-class capabilities and team skills to deliver innovative wearable healthcare technologies. With a massive growth in Wearable Medical Devices, globally aligned MedTech companies are enthusiastic to be a part of changing and evolving MedTech era
Have a Wearable device idea or Design ready?
Drop-in a query below so that we can reach out to you!