Med-Tech Innovation November 13, 2023
James Bell, of counsel, Finnegan and Darren Jiron, partner, Finnegan outline the considerations to be made for wearable medical electronic devices.
In 2022, the market for wearable medical electronic devices (WMEDs) was $27 billion in the U.S. alone, and according to Future Market Insights this market is expected to grow at a compound annualised rate of over 28% between 2023 and 2032. Sales relating to WMEDs include hardware-based products such as watches, rings, belts, etc., but also extend to associated applications configured to provide monitoring, diagnostics, analysis, and reporting of medically useful biometric data to medical practitioners. Revenue streams further rely upon “server” based applications and communication between such servers (e.g., smartphones, cloud devices, etc.) and wearable units. Such a...
Today's Sponsors
Today's Sponsor