Year 2000: You have just been discharged from a hospital but as a precautionary measure you’ve been asked to visit the hospital every second day because the doctor wants to keep a tab on your health. And you have no option but to take that long boring drive to the hospital, wait for your turn, undergo routine check -up and be back.
Fast forward to 2015: Your doctor has a tab on your health developments 24*7 because of that little band that you have been wearing on your wrist. You don’t have to drive all the way to the hospital, and wait for your turn to get attended.
Welcome to the world of wearable technology!
Consumers have lapped up the wearable technology that has monitored everything from heart beats to sleeping patterns. According to a report from Tractica, the global wearable device market will increase from 17 million devices shipped in 2013 to 187.2 million units annually by 2020. This is a compound annual growth rate (CAGR) of 34 percent. With Apple now officially into the fray, wearable technology is likely to get a powerful thrust in acceptance.
The healthcare industry has always been at the fore when it came to consuming the latest technology. To put it right, it has been an ‘early adopter’. Wearables have now made it into the operation theaters and gyms, helping in live monitoring of one’s health. Wearable technology is making quick headway in the healthcare because all the three stakeholders – doctors, patients and insurers see a lot of upside potential in terms of providing better service.
To the doctors,
As we move more towards an age where more number of health providers are discouraging people from visiting their hospitals to reduce costs, wearable technology can go a long way to achieve the same because wearables empower the patients to monitor themselves.
To the patients,
To the insurers,
Healthcare industry surely has exciting times moving into future as wearable technology is making the experience of delivering care more customised, simpler and in-time.
Tags: Wearable Healthcare