Wearable Devices and IoT Revolutionize Healthcare Monitoring and Weight Management

FinancialBuzz.com News Commentary

NEW YORK, Sept. 18, 2023 /PRNewswire/ --  Among the many technologies that are now being integrated with healthcare systems are wearable devices. In effect, medical device manufacturers are now leveraging the Internet of Things (IoT) and the cloud to improve clinical workflow, help physicians remotely monitor patients with real-time data and analytics solutions and utilize innovative processes to cut costs and improve outcomes. For instance, novel wearable monitoring devices, equipped with the IoT technology, can communicate with smartphones, transferring crucial data into user friendly applications. Based on system components, the smartphones and smartwatches segment held the most significant share of the market, around 46.11%. And, according to data provided by Strategic Market Research, the digital biomarkers market is expected to grow at a CAGR of 35.7% to USD 23.31 Billion by 2030. Nemaura Medical Inc. (NASDAQ:NMRD), Planet Fitness, Inc. (NYSE:PLNT), Xponential Fitness (NYSE:XPOF), Novo Nordisk A/S (NYSE:NVO), Abbott Laboratories (NYSE:ABT)