Since the advent of wearable technology in healthcare, data collection and the leverage of predictive health analytics to improve patient service has been increasingly easy for healthcare companies. By using data generated by wearable devices, companies can monitor the exact problem areas and offer treatment as required. Wearable healthcare technology is helpful to both professionals and patients and a technical change of the healthcare industry is said to be initiating.
The year 2020 has already begun with an outbreak of a dangerous COVID-19 virus, which has proved deadly to a large number of people. In these scenarios, advanced data analytics will help healthcare companies keep a close track of a patient's conditions. Whereas common wearable healthcare devices, such as Fitbits and Garmins, are very successful at measuring a variety of usable physiological metrics like heart rate, body temperature, blood pressure, sleep, activity, and even oxygen saturation levels; they provide a distinct lack of actionable information. Only when these results are combined and cross-referenced will we create a better profile of our overall health.
The wearable AI industry is expected to see significant growth due to the growing demand for high-quality and wider displays in Smartwatches. Increasing consumer awareness of the advantages of better-aligned OLED technology and excellent contrast is one of the key drivers accelerating the development of OLED display. As a result, it stimulates the development of the AI-enabled wearable device market. The further increase in demand for AI assistants, the growth of operations in the healthcare sector, the emergence of IoT and the introduction of wireless technology and the advancement of wearable device technology are driving the market growth.
Once used to count steps and tell time, smartwatches have now developed into scientifically viable healthcare devices. Smartwatches allow consumers to perform activities that they usually do on their phones-read updates, send simple messages, make phone calls - while still providing some of the advantages of fitness trackers' workout and wellness monitoring. Biosensors are up and coming wireless medical devices and are completely different from smartwatches and wrist trackers.
Healthcare smart eyewear has recently been released to the public and has created significant awareness among healthcare professionals as demonstrated by the clinic and hospital adoption. Initially, smart eyewear from Healthcare was used to popularize the time spent communicating with electronic health records and broadcasting activities. Medical smart glasses are also used to facilitate teaching by residents. Various companies are actively designing new tech solutions for smart medical glasses that allow smooth documentation for interpretation of patient records, video conferencing, and consulting or second opinions.
Healthcare smart glasses help solve challenges by having a dedicated screen for the surgeons and complete control of image manipulation. Medical smart glasses can be verbally regulated by a series of defined and modifiable voice commands. In medical smart glasses, the speech recognition software is preprogrammed to identify those vocal commands that need to be learned before using the device.
When you think about wearable technology, chances are your mind would go to a device like the Apple Watch long before the smart patch created by Epicore Biosystems in the Band-Aid-style is finished. But the company, which spun out of the Querrey Simpson Institute for Bioelectronics at Northwestern University and the laboratory of Professor John A. Rogers, has been working hard to develop sweat-sensing smart patches that can be used to help quantify sweat components in athletes and several other individuals. It may also have potential applications for medical use to help keep tabs on critical biomarkers for patients suffering from COVID-19.
The emerging trends in wearable technologies are getting smarter by the day. Activity trackers and health data captured on wearable devices have now been recognized as a perfect way for people to monitor their progress in health and alert their physicians if any anomalies happen.
In addition, many industry startups are experimenting with strategies to revamp and develop wearable healthcare technology and monitoring tools to increase connectivity between customers and healthcare professionals. In the near future, there will be several new technologies that will replace certain complicated medical procedures. These devices can, however, have to meet several legislative challenges. But the ability to adapt will increase gradually.
Wearable respiratory monitoring systems, such as wearable sensors and chest straps, constantly monitor the breathing of patients and other vital signs. It helps health departments to monitor and supervise COVID-19 patients who are either quarantined or mildly ill while reducing unnecessary hospital visits and eliminating coronavirus exposure.
Resmetrix is an Israel-based company that manufactures a comfortable chest strap with a proprietary sensor to monitor a patient's breathing habits and other safety parameters continuously. The sensor connects wirelessly to a mobile app and provides patient and clinician real-time access to respiratory and vital signs. The wearable device from Resmetrix enables monitoring of degradation and change in respiratory patterns.
The wearable AI market is expected to see significant growth due to the growing demand for high-quality and wider displays in Smartwatches. Increasing consumer awareness of the advantages of better-aligned OLED technology and excellent contrast is one of the key drivers accelerating the development of OLED display. As a result, it stimulates the development of the AI-enabled wearable device market. If anything makes people more conscious about their health, a deadly epidemic could be it.
Free Valuable Insights: Global Wearable AI Market to reach a market size of USD 38.3 billio...
As a result of the coronavirus, device manufacturers are expected to ship 30 percent more devices this year. As prices declined, wearables were already becoming more mainstream. Yet researchers are now saying they expect many more customers to buy smartwatches and fitness bands. They also claim that COVID-19 disease transmission would inspire inventive wearables with disinfectant characteristics. In coronavirus-hit China, exercise equipment has already seen a rise in demand.