Health Economics

Health Economics

Operation digital health: using tech in clinical trials and pharmaceuticals



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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.

Digital Health in Clinical Trials

In a new survey on how digital health devices and data impact clinical trials, digital health technology vendor Validic reported:

  • Sixty percent of respondents said they have used digital health technology to conduct clinical trials.
  • Ninety-seven percent of respondents said they will increase their use of digital technologies in clinical trials in the next five years.
  • Mobile apps and in-home clinical-grade devices are currently the most commonly used devices in clinical drug trials, but wearable activity trackers and sensors will be the focus of future use.
  • Seventy percent of respondents said patient-generated health data (PGHD) could have the greatest impact on improving treatments for chronically ill populations.

Image pulled from original article.

This article first appeared on Samsung Insights and was written by Christopher Nerney. You can read the full article here.

About Samsung Insights

Samsung is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. For over 70 years, it has led the global market in high-tech electronics manufacturing and digital media.

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