Executive Summary - If there is any doubt that wearable medical devices are on the way just look at the numbers: CB Insights says investors put $458 million into dozens of wearable companies in 2013, while ON World predicts 700 million wearables will be sold by 2018, and by many companies, to form a $50 billion industry. This article, aimed at investors gives a realistic view of some of the things to expect over the next few years. These are uncharted waters - brace for lots of surprises along the way.
With research going on in many directions, the diseases showing real promise for wearable monitoring and treatment are: Alzheimer’s and dementia, diabetes, neuropathic pain, depression and macular degeneration. Of course there will be many 'course corrections' along the way.
Silicon Valley has evolved into a hub for biotech, along with other cities in California like San Diego. Look for increasing investment in these locales and in wearable technologies.
We will be covering this area with some regularity, as these wearables become one of the enabling 'cornerstones' of the Responsible Wellness (tm) initiative -- which is the Disruption Forum's vehicle for education and collaboration as we envision the next era of Health Care.