Digital health tech is moving beyond the consumer market. Research from Frost & Sullivan shows that the healthcare wearables device market could more than triple to $18.9 billion in 2020 from $5.1 billion in 2015. The healthcare and pharmaceutical industries are fully embracing wearables to monitor patients between visits, improve patient adherence to medications and accelerate clinical drug trials.
Wearables can give healthcare professionals insights into patient behavior and disease progression through a steady flow of electronic data transmitted by the devices. Medical wearables also enable clinicians and pharmaceutical companies conducting drug trials to collect more patient-generated health data to guide treatment for individual patients and contribute to ongoing population health analytics research initiatives.
In a new survey on how digital health devices and data impact clinical trials, digital health technology vendor Validic reported:
Image pulled from original article.
The shortfall in adult social care funding is predicted to be £5,000,000,000 by 2024/5. Mere money and staff (both of which are in increasingly short supply) ca fix the problem. But technology might be able to. Look out for our upcoming article on tech in social care by Helen Dempster of Karantis360.
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