Strategic Partnering to Drive New Healthcare Growth Opportunities for Consumer Wearables

News provided by

Feb 15, 2021, 07:45 ET

DUBLIN, Feb. 15, 2021 /PRNewswire/ -- The "Global Consumer Wearables Market 2020-2026 - Competitive Intensity Driving Healthcare Focus in the Market" report has been added to ResearchAndMarkets.com's offering.

This study covers the aspects mentioned below and serves as a starting point for companies to design the strategy and framework for their next steps in the healthcare domain.

Wearable devices have often been dismissed by healthcare professionals as a consumer tool with 'fancy' features. With several consumer wearable devices now having regulatory clearances for detecting conditions like atrial fibrillation and other cardiac conditions, their role in the healthcare landscape is becoming prominent.

COVID-19 induced lockdowns, quarantines, and the need to avoid healthcare facilities for fear of contracting the virus has brought wearable devices to the forefront for monitoring patients' vital signs remotely. These have also proved key in facilitating 'back to school' and 'return to work' programs.

Effectively, consumer wearables are carving a niche in the healthcare domain by enabling disease prevention and early detection, post-acute care monitoring, as well as chronic disease monitoring and management. The sector is therefore likely to blur out the distinction between consumer-grade and medical-grade wearables, since both may have regulatory clearances for various applications. This also means that the consumer wearable device makers must adapt to the nuances of the healthcare industry and design business models that fit the needs of the industry.

As is already clear, the data emanating from these devices is of significant value. However, monetizing this data is no easy feat. Several models have already emerged that support healthcare industry stakeholders in their quest to help populations stay healthier, live longer, and recover quickly from their ailments.

Partnerships are key, but consumer device companies continue to hesitate to fully commit to this space. Regardless of whether these companies take the plunge, there are ample opportunities for wearable device makers in the healthcare space, given the need for these tools to help manage the burgeoning population of people who need care and support, remotely.

Key Issues Addressed

How is healthcare delivery changing until 2025, and how does that impact the wearables space?
How will the ecosystem of healthcare delivery evolve by 2025, and who are the players racing to own the healthcare consumer of 2025?
Why is patient data becoming a critical piece of care delivery? How does that data promote precision health?
What health-tracking features of wearables are gaining importance (after cardiac parameters) and why?
What business models are current wearable device makers adopting to enter healthcare, and which ones are more aligned towards the future?

Key Topics Covered:

1. Strategic Imperatives

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8T
The Impact of the Top Three Strategic Imperatives on 2026 Healthcare Industry
Growth Opportunities Fuel the Growth Pipeline EngineT

2. Growth Opportunity Analysis, Healthcare in 2026

Healthcare Consumer Wearables Market Scope of Analysis
Redefining Patient Focus for 2026
Serving the Healthcare Consumer in 2026
Data Expected to Move to Precision Health
IoT Devices Enable Precision Health
Care Delivery in 2026 - Anytime, Anywhere, and Precise

3. Growth Opportunity Analysis, Assessing Clinical & Consumer Wearables Spaces

Convergence of Technology and Healthcare to Achieve Quadruple Aim
Pre-COVID19 View - Consumer vs Medical-Grade Wearables
Clear Divide in the Wearables Space in Healthcare
Redefining Consumer Wearables for 2020 & Beyond
Medical Grade and Consumer Health Wearables Following the Opportunities in Adjacent Markets
Differentiating and Avoiding Commoditization, Serving New Needs
Growth Drivers for Consumer Wearables in the Healthcare Industry
Growth Restraints for Consumer Wearables in the Healthcare Industry
Global IoT Devices and Health Wearables Growth is Staggering
Current Users of Wearables and Impact on Future Healthcare Role - Social Determinants of Health

4. Growth Opportunity Analysis, Imperatives for Success

Emerging Opportunities in the New Normal of Care Delivery
Expanding Opportunities - Expanding Ecosystem for Health, Fitness, and Wellness Monitoring Solutions
Expanding Health Applications for Wearables
Large Addressable Market for Chronic Conditions
Wearables Provide Crucial Data for Disease Management and Precision Health

5. Growth Opportunity Analysis, Approaches to Harnessing Growth Opportunities

Wearable Device Users and Data Monetization Prospects
Wearable Data Monetization - Motivations and Future Industry Direction
Use Cases for Wearables by Stakeholder
Wearable Data Monetization - Challenges
Value-add Features Case Study - FitBit
Public Health Case Study - Singapore
Electronic Health Records Integration - Amazon: Cerner Case Study

6. Growth Opportunity Universe, Wearables in the Healthcare Industry

Growth Opportunity 1 - Partner with Health Systems' Wellness Initiatives
Growth Opportunity 2 - FemTech & Longevity as Next Growth Areas
Growth Opportunity 3 - Data for Enabling Healthcare Transformation

7. List of Exhibits

Companies Mentioned

Amazon
Cerner
FitBit

For more information about this report visit https://www.researchandmarkets.com/r/3b37u5

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets