Thanks to growing demand for chronic disease monitoring, long-term care, and self-management of health, the business potential of mobile health wearables has surged in recent years, according to Taipei-based IT research institute MIC (Market Intelligence & Consulting Institute).
"Taiwanese semiconductor vendors have been providing components for wearables. The growing importance of mobile health will drive a new wave of demand. These vendors can adjust their technology portfolios in light with their corporate strategies based on their existing foundations. Consumer electronic brands may have developed excellent product design capabilities, but they are facing challenges in terms of medical product regulations and technology developments," says Alice Hsu, Industry analyst with MIC.
Mobile Health Value Chain
Source: MIC, May 2017
"In addition, the high level of similarity in wearables for self-monitoring has resulted in fierce competition. As for medical software and systems, vendors can develop products jointly with local medical institution institutions to deal with the diversity of varied medical systems and regulations across regions."
To see more about this report, please visit: Opportunities and Challenges for ICT Vendors in the Mobile Health Wearable Market
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Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry.http://mic.iii.org.tw/english