Wearable medical market: five major potential new pets

Wearable electronic devices are the hotspot of cutting-edge technology, and the medical industry is the core of China's reform in recent years. When wearable devices are used in the healthcare field, it is bound to attract high attention from all parties.

Three potentials and new investment favorites

Wearable electronic devices are the hotspot of cutting-edge technology, and the medical industry is the core of China's reform in recent years. When wearable devices are used in the healthcare field, it is bound to attract high attention from all parties. Wearable medical equipment is a general term for the application of wearable technology to physical examination, sports data statistics and health improvement. It has three functions: monitoring physiological indicators, recording data, and dynamic observation.

According to the Consumer Electronics Association (CEA) report, the overall market value of wearable devices will exceed US$8 billion (about RMB 48 billion) in the next five years, mainly benefiting from the promotion of healthcare products. According to the global mobile communication system (GSM) measurement standards for the mobile medical industry, it is estimated that by 2017, the market sales of China's wearable medical equipment will be close to 5 billion yuan. Why do wearable medical devices detonate the Chinese market? Let's first take a look at the three potentials of wearables in China:

First, digital health is unstoppable. With the improvement of people's living standards, the proportion of health care consumption expenditure has steadily increased, which is in contradiction with China's current overall low level of medical and health services and insufficient supply. In China, the size of medical services is about 2 to 3 trillion yuan, accounting for 5% to 6% of GDP. In the United States, this figure is 2 to 3 trillion US dollars, accounting for about 17% of GDP. The digitization of medical services can alleviate the current situation of inadequate medical supply and uneven levels in China.

Digital healthcare combines cutting-edge technologies such as big data, wearable technology, mobile terminal applications, social networking, cognitive computing, and 3D printing. Passive disease treatment is active health management, while maintaining health, while saving the cost of general medical testing. At present, wearable devices have been applied to chronic disease management, disease prevention, health care, home care, etc., such as the world's highest market share of wearable products, is the United States wearable technology and audio equipment developer Jawbone company launched UP intelligence A bracelet that monitors and manages data such as daily activities, sleep conditions, and eating habits.

Second, the aging of the population brings special medical service needs. China is entering an aging society. The structure of most families presents a 4-2-1 inverted pyramid form. That is, a young couple will support four elderly people and raise a child. Any one of them will have health problems. It can bring unbearable pressure on money, time and energy. Therefore, products and services related to health management are receiving increasing attention. A wide range of wearable medical devices have emerged, convenient and comfortable, and can monitor the signs of the elderly and children in real time, providing a better way for busy office workers to care for their families.

Third, wearable devices combine the advantages of hardware and software. On the one hand, hardware technology continues to evolve, and the shape of computer terminals is becoming smaller and smaller, from tablets and smartphones to small objects that can be worn on the other hand; on the other hand, wireless networks, cloud computing and social media can be wearable devices. Users provide more added value and form a rich and diverse business ecosystem.

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