Wearable medical devices can be worn by people to track and monitor their health and fitness levels. They can be easily worn by individuals as a patch, bracelet, or watch, depending on their design.
The leading wearable medical device companies are-
In 2020, Fitbit acquired a startup called Twine Health, which is a health coaching platform that helps people manage chronic conditions such as diabetes and hypertension. This acquisition allowed Fitbit to expand its capabilities in the healthcare market and offer more comprehensive health solutions to its customers.
Eric Freidman and James Park established the company on March 26,, 2007. Its headquarters are located in San Francisco, California. It predominantly designs and manufactures wearable fitness technologies and products. The company's products include fitness trackers, smartwatches, and accessories that track various health metrics such as steps taken, calories burned, heart rate, and sleep quality.
Fitbit's vision is to empower and inspire people to live healthier, more active lives by providing them with the tools and motivation they need to achieve their fitness goals.
In 2021, Apple Inc. announced the acquisition of Vilynx Inc. The company is slated to use Vilynx's technology to improve the video content recommendations and search capabilities of its products, including health and fitness videos.
With its headquarters in California, United States, the company was established on April 1, 1976. Steve Jobs, Steve Wozniak, Ronald Wayne, and Mike Markkula are the primary founders of this company. It designs, develops, and sells computer software, customer electronics, and online services. It also offers a wide range of wearable medical devices.
Apple's mission is to create innovative products and services that enhance people's lives and provide them with a seamless, integrated technology experience.
In 2020, GE Healthcare acquired UPMC's cardiology imaging software, which enables clinicians to more easily diagnose and treat heart disease, to enhance its cardiology solutions offerings.
Headquartered in Boston, Massachusetts, United States, the company was founded on April 15, 1892. It offers a wide array of products and technologies catering to the needs of industries such as aviation, healthcare, renewable energy, and finance.
General Electric is focused on driving digital transformation in its businesses and developing new technologies and products that help customers optimize their operations and achieve greater efficiency and productivity.
In February 2021, Lilly announced its acquisition of Prevail Therapeutics, a company focused on developing gene therapies for neurodegenerative diseases such as Parkinson's and Alzheimer's.
With its headquarters in Indianapolis, Indiana, United States, the company was set up in 1876. It specializes in the research, development, and manufacture of pharmaceutical products and medical devices with a particular focus on the treatment of diabetes, cancer, and other serious diseases.
The prime vision of Eli Lilly and Company is to enhance the lives of the masses by improving their health outcomes. It has set ambitious goals to reduce its environmental impact and improve access to healthcare for underserved population.
In 2018, Nike acquired TraceMe, a technology startup founded by NFL quarterback Russell Wilson. TraceMe specializes in developing mobile applications for celebrities and athletes to connect with their fans.
Bill Bowerman and Phil Knight established the company on January 25, 1964. It is known for designing, developing, and manufacturing a wide range of products including healthcare wearables, apparels, equipment, and accessories, among others.
Nike's vision emphasizes its belief that everyone has the potential to be an athlete, regardless of their physical abilities or limitations. The company aims to continuously innovate and improve its products and services, making them accessible to fitness enthusiasts of all levels and backgrounds.
In January 2020, Medtronic Plc announced the acquisition of Klue, a startup company that developed a mobile health app for people with diabetes to track their meals and glucose levels. The acquisition is aimed at integrating Klue's technology with Medtronic's diabetes management products to improve patient outcomes.
The company was founded by Palmer Hermundslie and Earl Bakken in 1949. Its headquarters are located in Minneapolis, Minnesota, United States. It develops a wide range of medical devices and therapies, including cardiovascular products, wearables, diabetes management systems, neurosurgery products, surgical technologies, and spinal and orthopedic products.
Medtronic's vision and mission are aligned with its core values of integrity, innovation, inclusiveness, and excellence. The company is dedicated to improving the lives of patients and transforming healthcare through the development of innovative medical technologies and therapies.
In 2021, Vital Connect partnered with PhysIQ to integrate its biosensors with PhysIQ's artificial intelligence analytics platform, which is designed to improve patient outcomes and reduce hospital readmissions.
Headquartered in California, United States, the company was established in 2011. It specializes in creating wearable biosensors and remote monitoring solutions.
Vital Connect's mission is to empower people to take control of their health and wellness by providing them with easy-to-use, accurate, and reliable medical-grade wearable devices. The company's products are designed to enable remote monitoring of patients, allowing healthcare providers to monitor their patients' vital signs and detect any changes or anomalies in real time.
In 2020, Garmin Ltd. announced the acquisition of Firstbeat Analytics Oy, a Finnish company that specializes in physiological analytics for wearables and other devices.
The company was founded in October 1989 by Gary Burrell and Min Kao. It develops GPS technology for use in aviation, automotive, outdoor, and sports activities. It has also tapped into the medical wearable industry with products such as fitness trackers, smartwatches, and GPS-enabled sports watches. The company has also developed software and apps for a variety of industries, including aviation, marine, automotive, and outdoor recreation.
Garmin's vision is to continue to be a leader in innovation and technology, providing their customers with reliable, cutting-edge products that enhance their lives and enable them to pursue their passions with confidence.
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