R&Q's Blog

Medical device industry news and trends - and the resources to understand and act on them.

 

Wearables are Exploding (Not Literally!) and Transforming the Medical Device Industry


Image via Verily

Smart wearables are turning into a largely profitable industry. From glucose monitoring, to sleep technology, to fitness apps, the number of wearable medical devices on the market are continuing to grow and in turn, help the lives of people - with or without ailments. Many of these devices are meant to ease daily life and prevent invasive and potentially harmful procedures for patients all over the world. This technology also encourages wearers to be actively involved in bettering their own health behaviors.

These innovative devices typically fall into the three categories below.

Regulatory Science

I heard an interesting new term today (new to me at least!) that I thought greatly impacts the line of work I am in. Regulatory science is "the science of developing new tools, standards and approaches to assess the safety, efficacy, quality and performance of FDA-regulated products". This involves not only developing devices and getting them approved by governing bodies but reducing the time and cost it takes to get the device to market.

New Medical Devices Coming Soon to a Hospital Near You

Recently I came across a FoxNews article (‘Medical breakthroughs on the horizon for 2013’ by Dr. David Samadi) that got me excited. The reason why I pursued the medical device industry was to be in a field that impacted people; a field that matters. I don’t care who you are – anyone with a loved one who has ever been sick, or needed surgery, etc. has been impacted by medical devices in some way. What impresses me is how medical devices are always pushing the boundaries.

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