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Wearable Medical Devices Ascendant Regardless of COVID-19
Point Roberts, Washington and Vancouver, British Columbia--(Newsfile Corp. - October 27, 2021)...
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[{"type":"text","content":"Wearable Medical Devices Ascendant Regardless of COVID-19Point Roberts, Washington and Vancouver, British Columbia--(Newsfile Corp. - October 27, 2021) - Investorideas.com (https://www.investorideas.com/), a global investor news source covering Artificial Intelligence (AI) issues a sector snapshot looking at the wearable medical device market, featuring technology company GBT Technologies Inc. (OTC Pink: GTCHD). Read the full article on Investorideas.comhttps://www.investorideas.com/CO/GOPH/news/2021/10271Wearable-Medical-Devices.aspWith ongoing developments in areas such as Internet of things (IoT) and Artificial Intelligence (AI), and given the backdrop of the COVID-19 pandemic, the demand for mobile or wearable medical devices is, understandably, on the rise. In fact, research published by Coherent Market Insights finds that the global wearable medical devices market, which was valued at approximately $29.83 billion USD in 2020, is projected to reach $50.89 billion by the end of 2027. This category encompasses wearable therapeutic devices, wearable monitoring and diagnostic devices, and health and fitness devices. And it's not only, or even mainly, COVID-19 driving demand. According to the report's summary, demand for wearable medical devices is expected to be driven by a \"high prevalence of chronic diseases,\" and an \"increasing geriatric population.\"One company that recently announced plans for this space is GBT Technologies Inc. (OTC Pink: GTCHD). GBT, an early stage technology developer in (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms is now roadmapping a wearable version of its qTerm human vitals device. The current finger-touch version of the qTerm measures a user's body temperature, blood oxygen level and heart rate. Danny Rittman, the company's CTO, explained:\"It is only natural to create a wearable version of qTerm technology. One of the major advantages of a wearable form of qTerm is its capabilities to take health related measurements; independently, and without the user's awareness, this feature can be enabled upon the user's permission. We see this feature as a great advantage; especially, when users may forget to take their scheduled vitals, not aware of a potential problem. The wearable version of qTerm will be equipped with the same AI system for on-going health monitoring, an...