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Wearables Poised to Dominate Medical Device Market Share

Wearables Poised to Dominate Medical Device Market Share

February 12, 2016

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A new patent landscape report from iRunway reveals a tectonic shift in the medical devices industry, with new technology players poised to take significant market share from traditional medical device manufacturers in the non-invasive monitoring arena.

Medtronics, General Electric, Eli Lilly Company and others have long controlled sizable and lucrative healthcare monitoring markets, and they will likely continue to dominate invasive monitoring.  However, Jawbone, Fitbit, Google, Garmin and others are making significant strides in non-invasive monitoring. These companies already offer devices to monitor heart rate and also own patents for blood pressure monitoring. Jawbone has a patent for glucose monitoring that may soon be integrated into products, giving the company a foothold in the healthcare business.

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