wearable electronics in health care
TRANSCRIPT
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Wearable Electronics in Health Care
by Parth AgrawalBiomedical Engineer & IOT Enthusiast
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What is Wearable Technology?• Clothing and Accessories incorporating
Computing and Advanced Electronic Technologies.• Some Examples-
Source: http://people.rit.edu/sml2565/iimproject/wearables/index.html
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General Perception about Wearable Technology
Wearable
Technology
Sources- http://www.123rf.com/photo_8566117 || https://www.imforza.com/blog/wearable-technology
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We love Numbers!1. IOT Health Care market to hit 117 Billion $ by 2020[1].2. 7.6 Billion People and 75 Billion Connected Devices by 2020[2,3].3. 20% of all Americans own a Wearable Health Device and 80% of all
are aware of the presence of Wearables in the Market[4].4. With an opening of +52%, Fitbit was in the Top 10 Stock Debuts of
the year[5].5. 41% of the Wearable Owners have an Annual Income above
100,000 $[6].
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Where do we fit in?• Government is under huge pressure from Health Insurance.• Prevention of the Disease would benefit everyone.• World is transforming from Curative to Preventive.• More people would buy Wearables if paid by Insurance.• Insurance not sure about the performance.• Companies not doing Clinical Studies extensively.• Most wearable companies are Start-Ups who fear FDA.
•WE know about technology, management & the FDA
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Reference1. http://www.forbes.com/sites/tjmccue/2015/04/22/117-billion-market-for-internet-of-things-in-healthcare-by-2020/
2. http://www.businessinsider.com/75-billion-devices-will-be-connected-to-the-internet-by-2020-2013-10
3. https://www.census.gov/population/international/data/idb/worldpopgraph.php
4. http://mobihealthnews.com/37543/pwc-1-in-5-americans-owns-a-wearable-1-in-10-wears-them-daily/
5. http://www.cnbc.com/2015/06/18/fitbit-opens-52-higher-in-market-debut.html
6. http://www.forbes.com/sites/jenniferelias/2015/10/27/the-leftovers-part-i-the-cost-of-activity/