Wearable medical devices market growth is attributed to a growing need for cost-effective diagnosis and treatments. The convenience and real-time data that wearable devices provide (i.e., fitness trackers, ECG monitors, blood pressure monitors, wearable biosensors, smart glasses, hearables, etc.) allows many medical industry, insurers, providers, and technology companies to incorporate them into their processes. These advances can offer remote healthcare that is safer, timelier and more convenient as it removes the need for the patient to be continuously transferred to the medical center.
But anytime a medical device has software and relies on a wireless or wired connection, vigilance is required. The software behind these products, like all technologies, can become vulnerable to cyber threats, especially if the device is older and was not built with cybersecurity in mind. As the wearable medical device market continues to grow to improve the lifestyle of patients and consumers, it brings quality and regulatory concerns. Although missing and incorrect data are widely known data quality challenges for wearable devices, regulatory concerns are also increasing about data privacy/protection and cybersecurity.
The presentation will outline:
- History of Wearable Devices
- Recent development for wearable devices
- eHealth and mHealth devices
- Regulatory requirements, concerns, and recommendations
- Forecast for growth