With exploding chronic disease incidences and expanding geriatric population worldwide, the medical and healthcare domains are consistently on their toes. Technological innovation has come a long way in delivering better, improved healthcare over the years. Currently, advanced electronic wearable medical devices are proliferating at a rapid pace only to enhance patient outcomes at reduced overall costs.
It all started with hearing aidsWhile smart hearing aids, healthpatches, ovula rings, freestyle glucose monitoring systems, smart insulin pumps, continuous mobile glucose monitoring system, and pulse oximeters are some of the most popular devices based on wearable technology, the first significant and successful stride was marked by Aurex Corp. that brought to the market the world’s first wearable technology-based hearing aids in 1938.
Although the product had nothing glamorous like wireless connectivity or smartphone tracking ability, its introduction was enough to inspire a new wave of wearable technology within the medical and healthcare world. It certainly gave birth to numerous life-altering ideas in form of hundreds of wearable medical devices that are still transforming lives.
Hundreds are on market and several are ready to debut
From hearing aids and glucose monitoring devices, pain management systems to sleep technology devices, several wearable technology conceptions have been here to improve patients’ lives in some or the other way. Today, wearable medical devices represent a huge, multibillion dollar industry that serves a sizeable population with or without ailments.
However, swelling demand for real-time data tracking and continuous disease monitoring are among the most prominent reasons for which medical device wearables are usually looked up to. According to a recent study by Future Market Insights - a premium market research organization, the $ 22 Bn global market for wearable medical devices will observe stable growth over the next decade.