COVID-19 Impact and Recovery Analysis- Wearable Technology in Healthcare Industry

Wearables
technology products have
been accepted well in the consumer medical tech field but the healthcare
industry has questioned their utility beyond heart rate tracking and for more
crucial applications of healthcare. This means that the market was limited to
consumers and healthcare providers till now.

The outbreak of COVID-19 pandemic has expanded the role of wearable
technologies in the healthcare industry. Several companies operating in the
wearables space across other domains are eager to enter the landscape of
wearables to be used as early warning systems for the virus infection. 
One such example is the Ava Bracelet. The device has experienced success as a
fertility tracking wearable whose sensors are now being leveraged to aid in
combating the coronavirus. The bracelet is capable of tracking heart rate
variability in addition to heart rate, skin temperature, and breathing rate
making it useful in tracking the symptoms of the virus infection. The company’s
chief medical officer, Maureen Cronin, said that the bracelet’s capability of
remote continuous monitoring offers a unique opportunity during the outbreak.
This ability of the bracelet in combination with symptomology, can be useful in
triage of candidates for testing by predicting the highest probability. This
can prove useful for the overwhelmed healthcare providers and governments to
allocate resources more efficiently when a large number of people are isolated
with symptoms. As the resources for on-floor testing are finite and are testing
is presumed dangerous for health workers, remote monitoring wearables can be of
immense help.

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The Global Smart Wearables In Healthcare market exhibits comprehensive
information that is a valuable source of insightful data for business
strategists during the decade 2014-2026. On the basis of historical data, Smart
Wearables In Healthcare market report provides key segments and their
sub-segments, revenue and demand & supply data. Considering technological
breakthroughs of the market Smart Wearables In Healthcare industry is likely to
appear as a commendable platform for emerging Smart Wearables In Healthcare
market investors.

Global Wireless Brain Sensors Market

Global
Wireless Brain Sensors Market By Type of Product (Electroencephalography (EEG) Devices, Sleep
Monitoring Devices, Magnetoencephalography (MEG) Devices, Transcranial Doppler
(TCD) Devices, Intracranial pressure (ICP) Monitors, Accessories), Therapeutic
Application (Epilepsy, Huntington's Disease, Traumatic Brain Injuries,
Dementia, Migraine, Sleep Disorders, Parkinson’s Disease, Stroke), End-Users
(Research Institutes, Neurology Hospitals, Diagnostic Centers, Others), Country
(U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands,
Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India,
South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines,
Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa,
Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa), Market
Trends and Forecast to 2027

Regional Analysis For Smart Wearables In Healthcare Market

North America (the
United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South
Africa)

Conclusion

It has been observed historically that new technologies and trends
emerge after major incidents such as the two World Wars and the Spanish flu
outbreak. The impact of the novel COVID 19 virus is expected to leave a
long-lasting impact as well. The outbreak of the COVID 19 virus has led to
people grappling with uncertainty around the infection and its treatment. The
virus poses risk not just to human life but has caused economic distress and
severe emotional strain. This has created a domino effect giving rise to new
sets of needs and necessities that were not required earlier. After the
pandemic subsides, major transformations are expected in the field of
health-care including a general shift towards online services and enhancement
of home health-care. The capacity of the healthcare systems globally is
suddenly under the pressure of being exhausted as a result of the COVID-19
outbreak. Moreover, the market of wearable solutions that measure and monitor
the health conditions of chronic, non-coronavirus patients are also expected to
witness significant growth as they aid in reducing the overall burden on
healthcare providers.