Category: wearable

Healthcare and life sciences industry is metamorphosizing into an evolved, digitally-advanced, technology-driven, consumer-centric sector. As against the existing uptightness toward digital adoption, the industry is burgeoning with innovative solutions for delivering enhanced care to the patients. Coming out of its shell and dissolving the silos, the healthcare sector is openly and widely embracing the digitally disruptive processes. This is evident from the favorable statistics showcasing that over 1800 hospitals in the U.S. utilize mobile applications, while 92 percent of the hospitals have a patient portal solution in place.

As the consumerism attitude is settling in amongst the patients, they seek convenient healthcare. The modern, tech-savvy, price-sensitive patients expect first-class care delivery at minimal efforts and affordable rates. A recent study by Definitive Healthcare revealed that 70 percent of consumers would rather use video consulting than visit their primary care provider in person. With the rising popularity of telehealth, mHealth or digital health, hospitals are also equipping themselves with the required solutions. 50 percent of the U.S. hospitals offer the telehealth facility to their patients. The remote patient monitoring market is driven to become a $31.3 billion industry. This surge is proportionally resulting in the proliferation of the wearables market, which is projected to grow 15.3 percent over the previous year to 198.5 million units by the end of 2019.