While wearable devices are causing controversy, wearable medical devices are gaining popularity. The major manufacturers in the industry have also poured into this market, and this trend has also laid the foundation for the huge market size of wearable medical. It is estimated that by 2015, this market will exceed 2 billion yuan, and will reach 4.77 billion yuan in 2017, and the growth rate is accelerating.
The giants lead the way, the market battle kicks off
This year, Apple launched HealthKit and health and fitness services, sharing relevant data apps through HealthKitAPI, providing integrated iOS8 health data, and centrally storing it on user smart phones, which will be extended to wearable devices in the future. At its I/O Developers Conference, Google released a preview version of the new GoogleFit sports management platform, which will integrate various fitness wear devices in the future, and provide unified management of third-party sports app data to provide comprehensive sports and health control. In addition, in order to meet the growing demand of doctors for Google glasses, Google glasses are seeking to enter hospitals and clinics across the United States, California electronic case company Drchrono developed a new application for the device, and called it the first "wearable case." The software can be used to record the results of the consultation or the operation with the consent of the patient. Relevant videos, photos, and notes can be stored in the patient's electronic case, or in the Cloud Storage and Collaboration Services Box, which the patient can consult when needed.
Under the influence of two international technology giants, various smart watches, smart bracelets, smart glasses and so on developed by global technology companies have invaded the medical field. Domestic millet, 360, fruit shell network, etc. have begun to get involved in this field.
As an emerging industry, wearable medical devices have described unimaginable technology blueprints, such as monitoring brain data tracking emotions, health data, and more. At present, more than a dozen types of wearable medical devices have been introduced in China, such as smart thermometers, smart bracelets, and smart oximeters. Huawei and Xiaomi have set up specialized business units to prepare for the field of wearable medical treatment.
At the same time, APP software has become an important platform for the active user community. This year, the company has tens of millions of active users, and has jointly launched smart thermometers and smart scales with Ruiren and PICOOC. Users can quickly get nearly 10 kinds of physical health indicators including fat content, moisture content and muscle mass after using smart products. At the same time, with the support of data analysis engine, they can receive analysis reports and health advice.
Bao Laite chairman Yan Jinyuan said that there are two main types of companies that can wear wearable medical equipment: one is an innovative company, they usually speculate on the concept and attract venture capital financing, but most of them can’t do it. The other is a traditional enterprise that focuses on the industrialization and directional decision-making of wearable devices and considers whether it can make money. As a result, the former often chooses some entertainment-grade medical equipment, while the latter chooses professional-grade medical equipment.
It seems that the collection of medical big data through hardware and the innovative profit model represent a future direction for wearable medical devices.
ABI expects that by 2017, applications for remote patient monitoring and online professional medical care will account for 20% of the wearable wireless device market. Some analysts believe that fitness and medical wearable devices will account for 60% of the wearable device market if extended to the entire health sector.
IMS, a world-renowned medical consultancy, predicts that by 2050, one out of every five people in the world will be over 60 years old. Hypertension, late-onset diabetes, heart disease and other chronic diseases that need to be monitored will become the driving force for demand for wearable devices. .
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