Changes in the wearable healthcare market
Wearable healthcare is emerging as a key industry sector in the healthcare industry. According to IDC, a global analytics company, the global market for wearable devices is expected to grow $4.5 billion in 2018 to about $9.5 billion in 2022. In particular, the market is expected to expand mainly in healthcare, which has high consumer demand. Innovative technologies that were difficult to imagine in the past are creating new values, opportunities, and sustainable businesses.
Charmcare’s business potential according to market changes
Product value innovation is essential for a company’s stable growth and sustainable profit. If a product has no value, it will not respond to the intensifying competition in the market. Charmcare has set and practiced product and technology research, development, and quality improvement as its core corporate issues to secure long-term product competitiveness.
It is true that the wearable device market once predicted a huge storm, but that momentum has been dampened. The reason is that while many manufacturers produce wearable devices, there were significant limitations such as power issues and miniaturization problems. They needed fundamental technology that satisfies both performance and battery. It is true that the wearable device market once predicted a huge storm, but that momentum has been dampened. The reason is that while many manufacturers produce wearable devices, there were significant limitations such as power issues and miniaturization problems. They needed fundamental technology that satisfies both performance and battery. Charmcare participated in the wearable market in 2014, and continues to research and develop with bio-sensor technology. Based on the strengths and competitiveness of Charmcare, we do our best to create innovative and differentiated values and opportunities in the wearable healthcare market.
If the wearable market becomes more stable in the future, there will also be discussions on how to analyze, utilize, and link big data constantly generated through devices. We will provide a platform that can actively utilize various technological development factors such as changes in the medical paradigm and high-speed sequencing technology, and big data for healthcare, and contribute to the further development of the healthcare industry.
The wearable healthcare market still has many things to improve, such as technological limitations, private information, social resistance, and lack of research on stability and utility, so this business needs attention and support from the government and corporations. We will produce reliable products so that these problems can be improved, accept the government’s rational regulatory policy, and strive to establish a wearable business as an industry, and create continuous value through partnerships with companies around the world.