Impact of Wearable Technology on the Pharmaceutical Industry

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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

Table of Contents

Impact of Wearable Technology on the Pharmaceutical Industry1.0 Technology Snapshot1.1 Wearables Disrupting Clinical Monitoring in the Healthcare Industry1.2 Types of Wearable Technologies Benefiting the Healthcare Industry1.3 Wearables Helping in Decentralizing the Healthcare Industry1.4 The Industry is Dominated Mostly by Wellness, Fitness, andSports Wearables and There Are Not Many Medical Wearables2. Applications and Key Trends2.1 Wearables Improve Efficiency in the Pharmaceutical Industry2.2 Key Wearable Technology Stakeholders in the Pharmaceutical Industry2.3 Wearables Improving Research and Development of Parkinson’s Disease2.4 Wearable Sensors to Study Progression of Multiple Sclerosis2.5 Wearables Used to Study Progression of Huntington’s Disease2.6 Wearables Improving the Efficiency of Clinical Trials2.7 Collaborations to Improve Clinical Trial Execution2.8 Innovative Medical Wearables in the Industry2.9 Smart Drug Delivery Using Wearable Devices 2.10 Thin, Conformable Skin Patches for Healthcare Monitoring3.0 Strategic Insights3.1 Wearables Enable Remote/Home Adaptive and Personalized Trials 3.2 The Future of Wearables in the Pharmaceutical Industry3.3 Strategic Recommendations3.4 Industry Interactions3.4 Industry Interactions (continued)




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