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Mobile Medical Application Market Value Anticipated To Reach US$ 24 4 Billion By 2027: Acumen Research And Consulting
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3 Tips For Designing At-Home Monitoring Devices That Deliver Actionable Information
By Anna (Ronning) Cohen and Hilde Viroux, PA Consulting
We’re all seeing it in real time: Healthcare is increasingly shifting from clinical settings to our homes. The COVID-19 pandemic has accelerated the development of at-home monitoring products and many are collecting data in the background without requiring specific user action. This acceleration is not likely to slow down post-pandemic. In this article, we define “passive at-home monitoring tools” as non-invasive products that continuously monitor elements of health and collect the user’s data without the direct supervision of a healthcare professional. Take, for example, smart devices such as the Apple Watch or a biosensor patch neither requires operation from the user to collect data, so we consider them to be passive at-home monitoring tools.
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Global Mobile Medical Apps Market to Reach US$20.7 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Mobile Medical Apps estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$20.7 Billion by 2027, growing at a CAGR of 25.5% over the analysis period 2020-2027.
Medical Monitoring, one of the segments analyzed in the report, is projected to grow at a 25.3% CAGR to reach US$5 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Nutrition & Fitness segment is readjusted to a revised 28.6% CAGR for the next 7-year period. This segment currently accounts for a 35.4% share of the global Mobile Medical Apps market.
[author: Daniel Meckley]
Today’s wearable devices the ones that monitor the number of steps we take, our heart rate, and our sleep habits (to mention only a few) walk the line between personal accessories and true medical devices. To clarify the differences the FDA has issued several guidance documents including “General Wellness: Policy for Low Risk Devices” and “Policy for Device Software Functions and Mobile Medical Applications.”
Just recently, the FDA granted permission to market Nightware, a new device intended to treat sleep disturbance related to nightmares in adults with post-traumatic stress disorder or other nightmare disorders.
Nightware is a digital therapeutic device that uses an Apple Watch and an iPhone configured and logged into a software application along with the Nightware server. The Apple Watch sensors monitor body movement and heart rate during sleep, and these data are sent to the Nightware server which use a proprietary algorithm to create a
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