In the past years, various healthcare apps for smartwatches were created by different companies. The healthcare apps for smartwatches range from simple monitoring to advanced apps that can predict outcomes and symptoms based on previous observations. In the upcoming years, digital health tools and technologies such as wearable technology are expected to further integrate into the healthcare industry due to the ongoing effects of the Covid-19 pandemic.
Recent advances in the usage of wearable devices in the healthcare industry are providing value for healthcare, with a focus on diagnosis, treatment, monitoring, and prevention. Various start-ups and companies are already investing in and releasing new apps and products for wearable devices. H2o Therapeutics has recently received 510(k) clearance for an app that can monitor Parkinson’s disease symptoms such as tremors and dyskinesia using the Apple Watch. The smartwatch app by H2o provides medical professionals with valuable information about a patient’s symptoms using Apple’s movement disorder API and the inertial sensors of the wearable device.
In 2019, the wearable tech market was worth nearly $27 billion and is likely to grow to $64 billion by 2024, according to GlobalData forecasts, growing at a compound annual growth rate (CAGR) of 19%. The market for wearables has been growing significantly within the medical market over the past several years, and is in the middle of a period of technological advancement in the healthcare industry.
As the usage of wearable devices in the healthcare industry increases and becomes less expensive, the demand for smartwatch healthcare apps and more advanced wearable medical devices will continue to grow. The integration of wearable tech with augmented reality (AR), big data, artificial intelligence (AI), and Cloud computing solutions will provide the consumer market with even more sophisticated medical solutions.
