Wearable Diagnostics
Definition
Various form factors such as smartwatches, patches, and rings collect biometric data including ECG, blood sugar, and sleep patterns 24/7 and transmit them to Personal Health Record (PHR) platforms. Artificial Intelligence algorithms analyze the accumulated data to detect early signs of diseases like atrial fibrillation and immediately connect to Telemedicine consultations when risks occur.
Drivers
Acceleration of device development capable of 24-hour vital sign collection due to sensor miniaturization and improved battery technology.
Surging demand for constant monitoring and care solutions due to the increase in chronic disease patients caused by an aging population.
Opportunities
Wearable Data Licensing
A business that processes and sells anonymized wearable data to streamline pharmaceutical R&D and clinical trial participant recruitment.
High-Risk Group Monitoring Subscription Service
A B2C Subscription Model providing 24/7 real-time monitoring and risk notification coaching for high-risk groups for specific diseases such as heart disease.