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Wearables in Healthcare an Integral Part of the Solution to Stop the Spread of COVID-19 |
NEWS |
Wearables, in particular healthcare devices (such as cellular, Bluetooth, or Wi-Fi connected blood pressure monitors, continuous glucose monitors, pulse oximeters, and electrocardiogram monitors), smartwatches, and activity trackers, have often been used in medical trials to help healthcare professionals monitor the vitals of a large number of patients simultaneously, both in and out of the hospital, often focusing on specific healthcare issues. COVID-19 is no exception, with a number of wearable companies, platform companies, and healthcare companies working together on a number of different projects across a number of regions using wearable devices to aid with tracking the progress of the virus or monitoring the vital statistics of potential sufferers. The wearable trials and deployments that record vitals and monitor symptoms alert medical professionals if a patient’s condition worsens. This becomes particularly important when the number of hospital beds is limited and patients are sent home, ensuring that the seriously ill are cared for in hospital while the less ill are still monitored when at home. With COVID-19, these wearables also help to reduce the amount of unnecessary contact between the seriously ill and medical staff, who are at serious risk of being exposed to the virus and potentially transmitting it to other vulnerable patients.
Current Wearable Deployments and Initiatives Aiding the Fight against COVID-19 |
IMPACT |
There are a number of healthcare wearable, smartwatch, and activity tracker deployments in place helping to track and monitor the spread of COVID-19. These include:
The Continuing Push into Healthcare Wearables |
RECOMMENDATIONS |
It is clear that many in the healthcare vertical across many different regions throughout the world believe that wearables are one of the essential ways to track, monitor, and fight the progression of COVID-19 and its symptoms. The fast move to adopt wearables currently in use, the valuable data they provide, the quick development of new products and studies, and the fast approval by the healthcare regulatory agencies is aiding this move to utilize wearables during these difficult times. It is expected that these new deployments and studies undertaken during the COVID-19 pandemic will act as a boost to the healthcare wearables market in the longer term, with more awareness around how these devices can aid healthcare professionals, save valuable time and resources, and improve the level of care for patients.
Whilst there are an increasing number of these vital trials, studies, and deployments of wearables aiding the fight against COVID-19, more can always be done. More wearable and healthcare companies are recommended to look into how a variety of different wearable devices can help, either by tracking the spread of the virus in different regions to give healthcare professionals more information about what locations are affected badly and where more staff are needed, or by remotely monitoring patients to reduce the amount of interaction between them and healthcare professionals, ensuring that the ones with the most severe symptoms are treated immediately. Not only will this help with urgent COVID-19 issues, it will also help with any future healthcare related outbreaks, including handling second and even third waves of the virus. Healthcare wearables are expected to see shipments increase from 30 million in 2020 to 104 million in 2025, at a Compound Annual Growth Rate (CAGR) of 29%, with Average Selling Prices (ASPs) dropping from US$121 to US$108, which shows that there is a real push toward using these devices to aid the healthcare vertical.