JD Supra July 13, 2021
From fitness bands and mobile applications (apps) to Bluetooth-enabled heart rate monitors and glucose pumps, Internet of Things (IoT) healthcare technologies have firmly cemented their place in the daily lives of Americans. Due in part to the COVID-19 pandemic, Americans have widely and rapidly embraced consumer-directed healthcare apps and devices to monitor their wellness – either in lieu of or in conjunction with professional medical interactions. Market analysts report a precipitous rise in the popularity of connected health and wellness devices from just one year earlier, with a reported $6.7 billion invested in the first quarter of 2021, up from $3.1 billion invested in the first quarter of 2020.
With increased IoT growth on the horizon, it is crucial...
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