Wearable Medical Devices and the Internet of Things
August 16, 2016 | PRNewswireEstimated reading time: 2 minutes
The Internet of Things (IoT) is the biggest technological revolution since the democratization of the internet itself. That is because of the wide range of applications for which IoT can be used. As of right now, the IoT mostly impresses us in combination with wearable technology, specifically fitness trackers and smart watches. But a new wave of wearable devices is becoming an important component of tech companies; medical wearable devices. Biotricity Inc., Fitbit Inc., Garmin Ltd., Siemens AG, Alphabet Inc.
Wearable devices can now be used for medical purposes, and with the Internet of Things, provide new possibilities that can significantly improve monitoring and diagnosis. Hospitals and physicians can use such devices for heart monitors, blood pressure monitors, blood sugar detectors, and the IoT will be able to transmit data in near real time to physicians, alerting of potential abnormalities or health risks.
In recent news, a small company from California, Biotricity Inc. has announced that it selected AT&T as a network partner through which it will provide connectivity to the company's medical devices. The devices will be powered with near real time connectivity, transmitting data collected by the devices.
Biotricity Inc. has two devices under development that will launch into the market this year, Bioflux - a heart-rhythm monitoring device that connects to an industry leading ECG (Electrocardiogram) FDA cleared software component and Biolife - designed to provide health and lifestyle solutions by monitoring ECG, respiration rate, calories, temperature, physical activity and more.
Fitbit Inc. recently announced from the company's CEO, James Park, focused heavily on the potential in the medical device segment after Fitbit reported earnings earlier this year, "We are learning that lack of consumer engagement is a critical missing element in many broad healthcare efforts such as population health and disease management," he said, "…Since our devices and services are already engaging, Fitbit has incredible opportunity to serve as the consumer healthcare engagement engine."
Garmin Ltd., another company popular for their fitness trackers, is venturing into the wearable medical devices segment of the market. The company has several sophisticated devices for athletes and physically active customers to closely monitor their heart rate. Then there is Siemens AG (ADR) (OTC: SIEGY), which has developed a software that enables images from their Freestyle ultrasound unit to be projected on the Alphabet Inc. (NASDAQ: GOOGL) Glass display.
Google itself could not stay away from the medical wearable device segment, and being the innovative company it is, took the concept a step further. The tech giant devolved the Google Smart Contact Lens, a product that measures glucose levels in tears using a tiny wireless chip. Companies are only now starting to unpack the potential in wearable medical devices.
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.