1.) Increased Consumer Value
|The Zio XT Patch from iRhythm Technologies is a wearable continuous cardiac monitor. [image via iRhythm Technologies]|
Smart wearables are beginning to address a broader set of consumer issues—including health. While most wearables are wristworn today, more and more new form factors are being delivered, and are beginning to address wearables-specific problems, rather than simply just putting your smartphone on your wrist. San Francisco-based iRhythm Technologies for example manufactures a 14-day wearable patch that monitors for irregular heart beat and remotely reports to patients and providers.
It should be no surprise that mHealth is one of the biggest areas for this. “The activity trackers and simple heart rate monitoring watches on the market are primitive in comparison to what device vendors and service providers are currently developing,” whitepaper author and principal at Endeavour Parnters, Dan Ledger, writes. “Through better bio-sensing and processing capabilities, emerging devices will be able to help consumers with a broad array of wellness related issues from stress and anxiety management to helping people optimize wellness through a better understanding of physiological patterns.” Ledger predicts these products will also have benefit for the healthcare system as a whole, particularly for payer networks looking for cost savings."
|Learn about the latest developments in wearbles and sensor technologies at MD&M Chicago. Oct. 15-16, 2014|