NEW YORK, August 16, 2016 /PRNewswire/ --
The Internet of Things (IoT) is the biggest technological
revolution since the democratization of the internet itself. That
is because of the wide range of applications for which IoT can
be used. As of right now, the IoT mostly impresses us in
combination with wearable technology, specifically fitness trackers
and smart watches. But a new wave of wearable devices is becoming
an important component of tech companies; medical wearable devices.
Biotricity Inc. (OTC: BTCY), Fitbit Inc.
(NASDAQ: FIT), Garmin Ltd. (NASDAQ: GRMN), Siemens AG
(OTC: SIEGY), Alphabet Inc. (NASDAQ: GOOGL)
Wearable devices can now be used for medical purposes, and with
the Internet of Things, provide new possibilities that can
significantly improve monitoring and diagnosis. Hospitals and
physicians can use such devices for heart monitors, blood pressure
monitors, blood sugar detectors, and the IoT will be able to
transmit data in near real time to physicians, alerting of
potential abnormalities or health risks.
In recent news, a small company from California, Biotricity Inc. (OTCQB:
BTCY) has announced that it selected AT&T as a network partner
through which it will provide connectivity to the company's medical
devices. The devices will be powered with near real time
connectivity, transmitting data collected by the devices.
Biotricity Inc. has two devices under development that
will launch into the market this year, Bioflux - a heart-rhythm
monitoring device that connects to an industry leading ECG
(Electrocardiogram) FDA cleared software component and Biolife -
designed to provide health and lifestyle solutions by monitoring
ECG, respiration rate, calories, temperature, physical activity and
more.
Fitbit Inc. (NASDAQ: FIT) recently
announced from the company's CEO, James
Park, focused heavily on the potential in the medical device
segment after Fitbit reported earnings earlier this year, "We are
learning that lack of consumer engagement is a critical missing
element in many broad healthcare efforts such as population health
and disease management," he said, "…Since our devices and services
are already engaging, Fitbit has incredible opportunity to serve as
the consumer healthcare engagement engine."
Garmin Ltd. (NASDAQ: GRMN), another company popular for
their fitness trackers, is venturing into the wearable medical
devices segment of the market. The company has several
sophisticated devices for athletes and physically active customers
to closely monitor their heart rate. Then there is Siemens
AG (ADR) (OTC: SIEGY), which has developed a software that
enables images from their Freestyle ultrasound unit to be projected
on the Alphabet Inc. (NASDAQ: GOOGL) Glass
display.
Google itself could not stay away from the medical wearable
device segment, and being the innovative company it is, took the
concept a step further. The tech giant devolved the
Google Smart Contact Lens, a product that measures glucose
levels in tears using a tiny wireless chip. Companies are only now
starting to unpack the potential in wearable medical devices.
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