The challenges that wearable technology is facing are broad. They range from data security, trust issues, and incentivisation to regulatory and ethical hurdles. Regulations surrounding wearables are in flux. Some regulatory agencies view wearables as low-risk devices and avoid regulatory tagging. However, some are clearly ignorant of the potential security issues associated with wearable devices. Thus, wearable OEMs are increasingly becoming liable for the protection of public data.
Listed below are the key regulatory trends in wearable tech in the healthcare industry over the next two to three years, as identified by GlobalData.