Smartwatches in 2018 accounted for approximately 60% of the overall wearables market, according to GlobalData estimates, mostly attributed to the remarkable performance of Apple Watches, Xiaomi-backed Huami’s Amazfit, and Fitbit Versa. With improving adoption rate in the mature markets, GlobalData estimates more than 10% of the adult population in the US will adopt smartwatches in 2019, with competition in the segment vastly increasing.
Traditional players Apple, FitBit, Garmin, and Polar all have products categorised as smartwatches; however, few have entered the health space, limited to Apple’s Apple Watch.
Below are the leaders in smartwaches for healthcare, as identified by GlobalData.
AliveCor is a medical device and artificial intelligence (AI) company that develops and manufactures ECG hardware and software for mobile devices. The company provides Kardia, an AI-enabled platform to help clinicians manage patients for the detection of atrial fibrillation and normal sinus rhythm in an ECG. It offers KardiaMobile and KardiaBand applications. AliveCor provides portable device, early detection, immediate feedback, and convenient short-term and long-term self-monitoring solutions. The company offers key clinical validation studies that include arrhythmia assessment, early detection, post-ablation, and post-surgery.
Empatica is a medical device company. The company is focused on the development of sensory devices based on electrodermal activity for identification of convulsive seizures. The products offered by the company include the Embrace smartband, seizure alert app, Mate seizure diary app, and E4 wristband. Its clients include Danny Did Foundation, Epilepsy Foundation, Boston Children’s Hospital, NASA, and Sunovion.
KinesiaU has developed wearable devices for people with Parkinson’s disease. Their portfolio includes the Kinesia One, the Kinesia 360, and the Kinesia U.
Nemaura Medical is a UK-based company that develops smart patches for continuous monitoring of multiple health conditions, including diabetes.
Omron manufactures and markets automation components. The company supports manufacturing innovation through advanced automation technologies and products and extensive customer support. It also offers social systems and healthcare equipment. The company provides built-in control components for automotive devices, commercial and customer devices, industrial equipment, environmental and energy devices, and built-in components for mobile devices. Its offerings include electricity storage systems, solar power conditioners, electrical power measuring devices, uninterruptible power supplies, power protection devices, OEM development, and manufacturing of electronic equipment among others. It manages its worldwide operations through its regional management centres in Japan, North America, Europe, Asia-Pacific, and China.
OneLife Technologies is a mobile medical software/data collection company with a suite of proprietary, patented, medical-grade tracking technologies designed to provide patients, physicians, nursing homes, and hospitals with real-time centralised, personal, comprehensive health data and monitoring. The system and devices will be HIPAA-compliant and utilise an open API for easy data communication and integration to any existing EMR system.
PKvitality is the manufacturer of a smartwatch that contains continuous glucose monitoring capability.
This is an edited extract from the Wearable Technology in Healthcare – Thematic Research report produced by GlobalData Thematic Research.