4 Medical Sensor Trends to Watch
As medical sensors advance in sophistication and companies discover new and innovative ways to implement them, sensors will continue to integrate themselves into our everyday activities. The potential for sensor technology in our society is continually expanding which makes it no surprise that these tiny sensors have thousands of potential applications. As a leader in sensor technology, HSI Sensing has seen first-hand how these small devices have revolutionized big industries and small procedures alike. Here are 4 key trends to watch in the medical sensor industry.
Biometric Sensors in Your Car
As the healthcare system transitions to the cloud, your car could soon become a point of care thanks to medical sensor technology. Transparency Market Research forecasted that the global market for automotive active health monitoring systems would increase at a 67 percent compound annual growth rate between 2018 and 2026. In fact, projects in this vein are already in process at Audi, BMW, Mercedes, Volkswagen and Volvo. Essentially, any part of the car that comes in contact with your body – steering wheel, seat, seatbelt – will be equipped with biometric sensors to measure your vital signs and transfer that information to your health cloud.
Clinical-Grade ECG Smartwatches
While smartwatches that can measure your vital signs have been around for a while, their level of accuracy has only recently hit clinical electrocardiogram (ECG) standards. This ensures a more reliable and complete overview of the wearer’s health status. While Apple released its first ECG-featured Apple Watch last year, several competitors are catching up and two others have already released watches with ECG features as well. To stay competitive, smartwatch companies will have to offer the most accurate medical-grade measurements on the market. This data can be leveraged by medical professionals in clinical practice, especially in diagnostics, bringing a new era to heart monitoring and the regulation of cardiovascular disease.
Genomics on the Blockchain
The booming genomics industry and the plethora of data resulting from direct-to-consumer genome sequencing companies is the perfect recipe for the birth of a genomics big data markets. Nebula Genomics found that the opportunities to sequence your personal genome will lead to a genomic big data market projected to value around $27.6 billion by 2025. As such genomic data privacy has become one of the major legal and ethical issues of our time. To protect DNA information, some companies are experimenting with blockchain. That is, putting genomics on the blockchain to enable the transparency necessary for research while simultaneously protecting users’ unique genetic. 2019 will undoubtedly witness a rise in genomic privacy initiatives using blockchain or whatever means necessary.
The Globalization of Healthcare
The digitalization of healthcare and the prevalence of communication technology has made the idea of borderless health a real-life possibility. What we’re talking about here is the globalization of healthcare. Imagine an American patient sending his tumor to a precision diagnostic company in Germany which determines that a Swiss pharmaceutical company is running the exact clinical trial that could cure him. This would be a triumph for the medical community at large, dissolving the barriers between care and collaboration. As these technologies and collaboration become more prevalent, the supply and demand for cross-border health services will inevitably increase. However, this will require oversight, standardization and appropriate regulation. Treatment methods such as gene editing and gene therapy will also have to be taken into account. These point to the potential creation of a “global FDA” to standardize digital health tools and ethical and legal regulations surrounding novel healthcare innovations.