29 Oct The Future of Wearable Health Tech

Source: Med City News

The wearable health tech market is predicted to be one of the largest and fastest growing markets of the next decade. Wearable health tech has the potential to disrupt a number of parallel markets and at the same time lower healthcare costs significantly. Cost savings are driven by better treatments and better resource management.

Consumer-Led Healthcare

Healthcare is in the midst of a transformation into a patient-centric, consumer-led model. The traditional inefficient and costly model: a person seeks medical help from the doctor – the only source of information and the doctor makes decisions based on a fragmented medical history or medical records. The rich sets of available data generated by wearable technologies now make patients the point of care. Consumer-led healthcare will change patient care pathways, driving the industry to grow and collaborate in new ways, both with patients around their own health and with partners and innovators. Wearables will primarily support people living healthy lives, and then diagnostic and therapeutic abilities will follow, led by the user themselves at the point of care.

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