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Healthcare Wearables: How it Will Impact The Medical Industry

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Healthcare Wearables: How it Will Impact The Medical Industry

Did you know?

  1. According to research, the wearable medical device’s market value estimation was at 664.6 Million US Dollars in the year 2019.
  2. This value will likely cross the (triple seven) 777 Million US Dollars in 2020.
  3. A survey conducted in England in the year 2018 asking reviews of the healthcare garnered 77% response in the positive and helpful.

The above facts give a definite hint of the glistening future and profound impact the wearables will have over the seamless trillion dollars healthcare industry worldwide.

Seemingly the healthcare wearables are found to be resonating with the pathetic CORONAVIRUS pandemic. It offers healthcare professionals to have their hands on all the patients’ essential data right from a safe distance. 

Before we discuss the significant impact of the wearables, shortly let us brush up some crucial concepts related to them.

What are healthcare wearables?

Healthcare wearables are easy to use electronic devices and focus on the health aspects of the individual. They usually collect or monitor the health-related information of the individuals wearing them.

Some famous examples include fitness trackers in the form of wristwatch and wristbands. It’s not surprising if you are wearing one or have thought of getting one soon.

Healthcare Wearables: How it Will Impact The Medical Industry

Forms of Healthcare Wearables

Healthcare Wearables: How it Will Impact The Medical Industry

  • Smart Watches:

    An advanced version of a healthcare wearable smartwatch can function to count the number of steps walked, any irregularity in the heartbeat rate, atrial fibrillation, etc. Furthermore, it also performs the regular functions of a smartwatch like texting, phone calls, etc.

  • Monitors:

    ECG and Blood pressure are two different kinds of monitors currently available in the form of wearables. As the name suggests, the ECG monitor measures the electrocardiograms while the other monitors the individuals’ blood pressure.

  • Biosensors:

    Collecting a series of information like heartbeat rate, respiratory rate, and body temperatures during different hours of the day, the incredible biosensors are available in patches.

 

Significant impacts of Healthcare Wearables

1. Fills the EHR void

The traditional EHR (Electronic Health Record) method suffers from an inherent gap causing inconvenience in communication between the health professionals and patients. Healthcare wearables come with a design that automatically addresses the issue by allowing easy extraction and manipulation of the patient’s data.  

This fascinating feature of the wearables will influence and pace medical technology to focus on tracking patients’ vital symptoms in real-time.

 

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2. Encourage Innovation

The wearables’ commendable performance in overcoming the void that existed between the medical hardware and IT solutions has paced the healthcare industry’s development.

Having quick access to research data means more innovative ideas and better performance for the working team.

 

3. Well Organized Healthcare

Wearable technology holds the potential of clubbing with AI (Artificial Intelligence). Working together, they can create wonder by making accurate predictions. It will help combat the onset of various diseases like high blood pressure, cardiovascular diseases, etc.

We all value prevention over cure, so being able to suppress a disease before it takes clinical form is nothing less than a boon. Moreover, the process proves both healthy as well as economical for the patient.

4. Promotes Healthy Habits

Life-changing healthy habits are easy to introduce in patients when they have access to personal data. It is noticeable among the users of fitness bands. 

Fitness band users find it easy to keep track of minimum distance covered by them in a day, week, or month.

 

5. Encourages following of COVID-19 Guidelines

We all are facing a deadly pandemic that has wreaked havoc in the whole world. Technology has never proven its worth more profoundly than now. Healthcare wearables allow easy following of the significant guidelines issued for preventing the virus transmission.

Healthcare Wearables: How it Will Impact The Medical Industry

As the outer covering is usually not of metal and physicians can easily extract information via wearables keeping a safe distance from the patients, they are undoubtedly helpful in combating the deadly virus transmission.

 

6. Economical for Everyone

While patients will be saving money by escaping diseases, the wearables will be profitable for hospitals and clinics too. Wearables allow quick diagnosis via easier comparison of patient’s data. So the doctors can quickly finish from one patient to move to another.

Hence not only are they a healthy option and economical approach, but they are also philanthropic. Days are not far when insurance companies will start integrating wearables as part of the patients’ insurance scheme as such policies will enhance cost reduction by combating the onset of diseases.

 

7. Enhanced Healthcare Commodities

Specific diseases like diabetes, dementia, mental disorders, etc. require following up of strict schedules of medicine consumption. Missing dosage or irregular dosage often seems to yield unsatisfactory results for the patients. 

Healthcare wearables are proven the best alternative in such situations as they allow easy monitoring of drug consumption.

 

8. Convenient for Both Patients and Physicians

Healthcare wearable technology will continue to prove a convenient option for both patients and health professionals. The innovative design and advanced features enhance its popularity and demand among the consumers. 

 

9. Replaced Traditional ways

The wearables have made a remarkable contribution in saying a proper goodbye to some decade’s old measurement methods. A physician needs not to tie a band around each donor’s arm in a blood donation program when wearables are available. 

Wearables not only makes the process easy but also offers quick results to the examining health professional. 

 

10. Real-Time Tracking

A unique feature of the wearables is that it allows real-time tracking of data. Where all the other approaches require time, it offers quick results in real-time. It helps in easy diagnosis of the disease.

 

Conclusion

Healthcare wearables are undoubtedly the next big thing in the medical industry. Its impact and popularity in the medical industry will be revolutionary and one of a kind.

In this blog, I have tried and covered the profound impacts the healthcare industry is witnessing ever since the introduction of wearables. Common and popular forms of wearables like fitness bands, smartwatches, monitors, biosensors, etc. are also discussed in the blog.

 

 

Read more Health related stories in The Weekly Trends magazine.

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