Left to Our Own Devices: Can Wearables Keep us Healthy? | Deloitte US has been saved
By Glenn Snyder, principal, MedTech Practice leader, Deloitte Consulting LLP
It was great to see so many friends and colleagues last month at AdvaMed’s annual Medtech Conference in Boston. I was honored to lead a panel of industry luminaries discussing the effect wearable devices could have on the future disease management.
The medtech industry has been paying close attention to the evolution of wearable devices. My first wearable device was a wristwatch. All it did was tell the time, but it was as much a part of my attire as my socks and shoes. After I bought a smartphone, however, there was no longer a reason to wear a clunky piece of metal around my wrist. My smartphone displayed the time, plus it allowed me to check emails, send texts, and surf the internet. I carried it everywhere. A couple of years ago, I decided to try a smartwatch. Now I no longer have a reason to keep a clunky piece of technology in my pocket. I can receive texts and emails on my watch, and the alarm feature noiselessly buzzes me awake in the morning. Outside of these utility features, this wearable device provides high- and low heart-rate notifications, displays my speed and elevation when I go mountain biking, and can call for help if I crash and need emergency assistance. Although I like to monitor my activity level, the data generated by my watch has little impact on my health or lifestyle choices. But wearable devices are becoming increasingly more sophisticated and could become essential tools for people who have a chronic illness such as high blood pressure or diabetes.
Diabetes, for example, is primarily a self-managed disease, and patients must deal with the physical burden of regularly measuring glucose levels, noted panelist Apurv Kamath, senior vice president of global marketing at Dexcom, Inc. This physical burden can cause a psychological burden. He suggested that wearable devices could reduce both the physical and psychological burdens by helping the patient more easily manage the illness. Data generated by a device could also provide the care team with deep insight into the patient’s health. Dexcom is a diabetes care technology company.
Half of us now have a device for health
According to Deloitte’s latest survey of health care consumers, people are using fitness trackers and health-monitoring devices more than ever. Nearly half of the 4,545 people we surveyed (49%) use wearables, digital assistants, or smart devices to measure fitness/health improvement.1 That’s up from 42% in 2020 and 28% in 2015. About one-third of consumers said they use a wearable device to monitor health issues (e.g., blood sugar, blood pressure, breathing function, mood), up from 28% in 2020 and 24% in 2015.
Data generated by a wearable device could eventually provide care teams with a more holistic view of their patients, particularly when that information is integrated with traditional clinical data. It also could encourage consumers to modify their behaviors by providing feedback in real-time. Nearly 80% of our device-wearing respondents said the devices helped change their health behavior (e.g., eating, sleeping, fitness).2
In The Future of HealthTM that Deloitte envisions, we expect several key areas—scientific breakthrough, behavior change, data sharing/interoperability, equitable access, and empowered consumers—will collectively transform the existing health system from treatment-based reactionary care to prevention and well-being. The panel discussed each of these topics in the context of wearable devices:
I currently use my smartwatch to track activity. The information is interesting, but not terribly useful. However, as I get older, and as the technology gets better, I suspect I will rely on wearable devices to help keep me healthy and to spot potential health issues before they occur. Every major medtech company and device manufacturer should evaluate the role wearables could play in their portfolio going forward.
The executives’ participation in the panel was solely for educational purposes based on their knowledge of the subject and the views expressed by them are solely their own. This article should not be deemed or construed to be for the purpose of soliciting business for any of the companies mentioned, nor does Deloitte advocate or endorse the services or products provided by these companies.
Endnotes:
1 Deloitte’s 2022 Survey of US Health Care Consumers
2 Deloitte’s 2022 Survey of US Health Care Consumers
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