Information & Communication Technologies


Impact of Wearable Technology on the Pharmaceutical Industry

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Published: 11 Aug 2017

This edition of Future Tech TechVision Opportunity Engine (TOE) covers the impact of wearable technology on the pharmaceutical industry. Wearables are wireless, sensor integrated devices worn on the body, which can accurately measure body physiological functions and alert users when abnormal parameter levels or fluctuations occur. All these attributes make wearables a favorable technology in the pharmaceutical industry for a variety of applications such as improving drug research and development, streamlining clinical trials, active drug delivery, and patient engagement. This Future Tech TOE also captures market drivers and challenges for wearables in the pharmaceutical industry, technology forecast, and strategic recommendations. The Future Tech TechVision Opportunity Engine (TOE) captures emerging innovations in research and development, or profile existing technologies which have seen a resurgence in terms of new markets and applications. It usually provides a technology overview, drivers, challenges, research and development, analyst insights and key patent information. In some cases, technology convergence scenarios and future growth opportunities are outlined. It covers innovations and technologies in a variety of industry spaces including manufacturing, sensors, electronics, information and communications technologies, networks, lighting technologies, healthcare, medical devices, materials and coatings, and developments in the energy sector that contribute toward a sustainable and greener world. The Health & Wellness cluster tracks developments in a myriad of areas including genetic engineering, regenerative medicine, drug discovery and development, nanomedicine, nutrition, cosmetic procedures, pain and disease management and therapies, drug delivery, personalized medicine, and smart healthcare. Keywords: Wearables, pharmaceutical industry, clinical trials, patient engagement, skin patch, remote monitoring

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