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Healthcare sector financials

Low Mkt Cap
#35 of 49
$8 B
High CAGR
#16 of 49
22 %
Biometric sensors can be used to monitor vital signs and track physical activity. Biometric sensors are being used to monitor patients with chronic conditions and to prevent falls in older adults. Biometric sensors can also be used to monitor sleep patterns and to track medication adherence.

0 FDA approvals in Biometric Sensors

Revolutionizing Healthcare with Biometric Sensors

Biometric Sensors for Remote Monitoring of Patients:

"The integration of biometric sensors into remote patient monitoring technologies has allowed physicians to keep a close eye on patients without the need for constant in-person visits. Biometric sensors can detect and report changes in vital signs, activity levels, and sleep patterns, providing doctors with a more comprehensive understanding of a patient's status. This allows for early detection of potential issues and can lead to improved patient outcomes." - Healthcare IT News, August 3, 2020[1]

Advances in Biometric Wearables:

"The use of biometric wearables is on the rise in the industry, with devices like smartwatches and fitness trackers offering continuous monitoring of vital signs such as heart rate, blood pressure, and oxygen levels. These devices can also track physical activity and sleep patterns, allowing for a more comprehensive view of an individual's status. Biometric wearables can be used for disease management, as well as for preventative care and wellness tracking." - Journal of Medical Systems, September 30, 2021[2]

Biometric Sensors for Drug Delivery:

"Biometric sensors can be used to monitor the delivery of medication to patients, ensuring that they are taking their medication as prescribed. This can improve medication adherence and prevent adverse reactions due to improper dosing. Biometric sensors can also be used to monitor the effectiveness of medication, allowing doctors to adjust treatment plans as needed." - Healthcare IT News, August 3, 2020[1]

Investor sentiment

MarketsandMarketsFebruary 2021

"...The global biometric sensors market is expected to grow at a CAGR of over 9% during the forecast period 2021-2026, driven by the increasing adoption of biometric sensors in for patient monitoring, diagnosis, and treatment, and the growing demand for biometric sensors in the medical devices industry."

ResearchAndMarketsMarch 2021

"...The global biometric sensors market for applications is expected to reach $1.3 billion by 2027, driven by the increasing demand for non-invasive and contactless biometric sensors for patient monitoring, and the growing adoption of biometric sensors in wearables and medical devices."

Sector leaders

    Fitbit

    Fitbit has also been expanding into the care industry, partnering with insurers and hospitals to incorporate its wearable devices and wellness platform into clinical settings. In March 2019, Fitbit announced it would be working with the Singapore government to provide its wearables to hundreds of thousands of residents in a national initiative.
    www.fitbit.com
    Revenue:$1.43
    Employees:1.97

    Nymi

    Nymi’s product is a wearable wristband that uses electrocardiogram (ECG) biometric authentication to identify the wearer, eliminating the need for passwords or PINs. The device is being tested in hospitals to replace traditional methods of authentication, such as ID cards and passwords, which can be lost, stolen or shared. The wristband is used to verify staff identities and to control access to secure areas such as drug cabinets and operating theatres.
    nymi.com

    VivaLNK

    VivaLNK has developed a range of wearable medical sensors that are designed to be worn on the body to monitor various conditions. The company’s sensors include devices that measure heart rate, body temperature, and skin temperature, among other things. The sensors can be used in a variety of clinical and research settings, including hospital care, clinical trials, and home care.
    www.vivalnk.com
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