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Google “Consumer Electronics Show 2014 wearable devices” and you’ll discover they were this year’s hot topic. Qualcomm’s CEO Paul Jacobs: “We’re doing a clinical trial in San Diego of a sensor that will actually get injected into your bloodstream and tell you two weeks ahead of time that you’re going to have a heart attack,” and continued, “Wearables will not just be on our bodies… they are going to be inside our bodies.” Intel announced the ‘Make It Wearable’ challenge to award $1.3 million in cash awards to encourage innovation with Intel technology. TechCrunch reported, “The new Sony (the Core) and LG (the Life Band Touch) devices… articulate the inherent problem in wearable tech.” They called wearables consumer behavior tracking and analysis devices with “a near-perfect profile of the average day of actual consumers, the kind of data portrait that makes marketers weak at the knees.” And when asked, “Will people go out, buy, and wear these devices on a daily basis?” CNET Senior Editor Dan Ackerman answered, “The problem is there are so many from so many manufacturers, they all work differently, they all have different platforms… I can’t imagine too many of these lasting until the second generation.” Are you working on any wearable functionality? Have you tried any – or perhaps you have a prediction which will be among the wearable winners? ++++++++++ We’ll talk about wearables, specifically Google Glass’ impact on healthcare, at May’s 10x Medical Device Conference. See the agenda at http://medgroup.biz/10x-agenda If you’d like a list of our confirmed guests and speakers, email me at JHage@MedicalDevicesGroup.net. ++++++++++ At the risk of shutting down her mail server, meet Medical Devices Group Advisory Board member Sue Sarkesian. She’s my go-to person for group members looking for work in the medical device industry. See http://medgroup.biz/get-new-job Sue can help you with: Sue is presenting at 10x and, as an added bonus, she’ll include a free phone consultation for the first ten to register for the workshop. (Ask about discounts for those in transition.) See http://medgroup.biz/career-workshop ++++++++++ This week’s discussions: Health insurance a bad deal for 93% of under age 65 Will bionics help people walk again? Where is the price transparency in medicine? What do device reps need in order to attend a patient treatment grand round? Referral programs for implantables? ++++++++++ Make it a great week. Joe Hage P.S. We’re looking for experts outside the US to enlighten the group about the medical device industry in your country. Contact me if you’re interested. Juan José Janer Donald Osborne C. Yusuf Mumtaz Anthony Antonuccio My point is, when wearable devices stick with the consumer and mature to high saturation levels, only then will they be a suitable and cost effective mass market platform to leverage for vertical markets, such as medical. Until then, proprietary wearable medical devices will cost more, serve fewer, and be single purpose. Devices such as a watch, a camera, a GPS device, a compass … etc., are likely far less owned by young adults since their smartphone is a ‘good enough’ alternative, replacing these single purpose applications. Imagine the time when a wearable device hits this consumer acceptance level whereby you feel naked without having it in your possession. I believe it’s a when not if. When it happens, things will get really interesting in this space. Rebecca Herold We have already seen that these smart devices are going to be exploited and used by hackers and criminals; the first “Internet of Things” successful hack attack occurred late-December 2013 through early January 2014; where over 100,000 smart devices were used to send out 750,000 malicious and phishing messages. You can see more about this in many places, including at: http://blogs.mcafee.com/consumer/internet-of-things-cyberattack%7Cleo://plh/http%3A*3*3blogs.mcafee.com*3consumer*3internet-of-things-cyberattack/6Lts?_t=tracking_disc] The fact is, if you have any type of computing device with data collection and/or storage capabilities, it must have security controls built in. Even if there were no regulatory requirements to do so, if/when something bad happened, the players involved (which includes the medical device company) would be subject to civil suits. FYI: I’m covering these and other info sec and privacy issues at a workshop at the May 10X conference. Matthew Romey This brings up the elephant in the room… in the age when mobile phones coupled with wearable devices can provide prodigious data streams of personal information: what constitutes a medical device? Where is the dividing line? This is still being debated and, to be frank, I’m way behind on the debate! Any comments on the latest news on the FDA-slash-regulatory front would be much appreciated. Perhaps this is a new topic (?). Sai Krishna G Matthew Romey I think your summary hits it right on the head! Your first two points relate to patients’ needs and wants. The fact that patients’ needs and wants are probably too numerous to mention shows the HUGE opportunity in wearable technology. Your third point speaks to the concept of connecting wearable technology with “mobile health”. This is where there is an enormous amount of uncertainty due to the reasons I described in a previous post. As you said, mobile health is in its infancy… not to mention HIPAA concerns. What an interesting discussion! Juan José Janer David Starr Carolynn Johnson, Ph.D. Juan José Janer Anthony Antonuccio Carolynn Johnson, Ph.D. Juan José Janer Juan José Janer Burrell (Bo) Clawson But the real trick today is getting people to wear a brick for various aspects relating to both Monitoring for general activity levels and Detection of early adverse medical conditions. There will be a lot of study and experiment in how to overcome the psychological resistance to wearing a device particularly when a lot of people say “But, I feel fine.” Insurers and physicians will push some of the testing and monitoring and I won’t be surprised to see insurers offer discounts for people who use certain devices to detect adverse changes early. There has to be a carrot for most people. Carolynn Johnson, Ph.D. Juan José Janer Anthony Antonuccio Adam Bilney Salvatore Emma, Jr. Burrell (Bo) Clawson Hence, we are talking about people being willing to accept warnings and alter lifestyles. That gets down to psychological issues and I’m not sure the availability of wearable & implantable devices will be used until AFTER chronic disease surfaces for most people. Burrell (Bo) Clawson Lots of people resist monitoring and testing when “I feel fine.” I don’t know how we get to a tipping point where it starts to “take off”. Perhaps it is when it is super miniaturized, wireless powered, monitored and logged to your computer of your choice and it reminds people when they do something that is not good for them. Brett Saunders For cochlear see: https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTDW3C0FZyncWh_4aG1Pa-mMN7pKE-fRJ16J1F2-21Jr1zQimBX|leo://plh/https%3A*3*3encrypted-tbn2%2Egstatic%2Ecom*3images%3Fq%3Dtbn%3AANd9GcTDW3C0FZyncWh_4aG1Pa-mMN7pKE-fRJ16J1F2-21Jr1zQimBX/EDxk?_t=tracking_disc] Juan José Janer Juan José Janer Carolynn Johnson, Ph.D. Juan José Janer Carolynn Johnson, Ph.D. Juan José Janer Greg Smart Brett Saunders Juan José Janer Brett Saunders Juan José Janer Tom Coss These experiences led me to the Parable of the Stick: http://theheartcloud.com/2013/08/23/the-parable-of-the-stick/%7Cleo://plh/http%3A*3*3theheartcloud.com*32013*308*323*3the-parable-of-the-stick*3/5JUz?_t=tracking_disc] – I’d appreciate your thoughts. //tom Rebecca Herold I agree that the potential for great benefits is huge with wearables. But, as you probably can anticipate Joe, I also see great potential for misuse of the associated data and privacy infractions. With what entities will all the data from these wearables be shared? With what other data bases will the data be included within, and analyzed using the increasingly more powerful Big Data Analytics? Etc… Along with the potential for great good, it will result in even greater good to ensure the privacy issues are considered, and privacy controls and practices are built into these great new devices. Swift adoption without considering privacy leaves open many privacy risks. Russell James You’re fooling only yourself if you think doctors are not interested. About 10 years ago they said doctors wouldn’t wear heads up displays in the OR, How many doctors wore Google Glass in the OR last year? Many people wear medical devices every day. When the solution is right the adoption will be swift. Matthew Romey Hey, no argument here. I’d love to be able to give you an implantable, continuous glucose monitor. It is a massive prize, which everybody knows. Hence the hundreds of millions of dollars (or more) spent to date. The fact that nobody has succeeded yet shows just how difficult the task is. Having worked on continuous glucose sensing for over 10 years, I can say this from experience. Two main issues are: 1. the body’s response to a foreign object, typically by encapsulation, which hinders glucose diffusion to the sensor and 2. stability of the glucose sensing element. Glucose oxidase and other proteins have limited lifetime in vivo, and boronic acids tend to be readily oxidized unless properly protected. And to those who wish for the true holy grail of a non-invasive method, I point them to John Smith’s free on-line book “Hunting the Deceitful Turkey,” which documents the years and years of research on noninvasive glucose monitoring, and describes why it still eludes us to this day. Todd Walsh As a technology and consumer marketing professional, with a passion for wellness and fitness, I am very jazzed with the possibilities. “Wearables” themselves are certainly not going to motivate lazy people to get up off the couch. No chance for that. Here is the big, macro trend I am excited about though: by being able to monitor every day health patterns and trends using wearables and the cloud, consumers increasingly become empowered to take charge of their health conditions, outside of the traditional healthcare system. The archaic nature of semi-annual, annual check ups with an HCP gets overhauled by consumers having highly usable technology and services at their disposable to better take charge of their own health. (This does not replace visits to the HCP or ongoing counseling by the HCP, but it certainly improves it.) I believe the tipping point will be a combination of price point ($99, $49, etc.), usability, and the one or two killer features where consumers have to have it. I don’t think today’s wearables provide this. Also, I look at the wearables market as it is today as the MP3 player market was pre-iPod — lots of different small, players in the space. However, MP3 and digital music did not really take off until the incredible iPod (and incredible Apple marketing engine!) + iTunes hit the market. My prediction is that we’ll continue to see many small, innovative players in the wearables space in the near term, and eventually we’ll see someone like an Apple come out with the big play (the killer hardware+app), and that will be the tipping point. Life is movement. Todd Mark Lainchbury Joe wanted a tipping point and with a potential market of 20% of Americans. It’s a massive prize for whoever gets there first Appreciate the problems, of course, it’s a bit like Nuclear Fusion, which whenever you ask, is always “Twenty Years Away” Tom Coss Matthew Romey James McGahee, Ph.D.,CBET-I, CMSgt Ret Carolynn Johnson, Ph.D. Benjamin Chiu Mark Lainchbury Brett Saunders Stuart Karten Where wearables CAN currently help is by keeping people motivated once they’ve made the decision to change their behavior. The real “winners” will be devices and apps that don’t just show people their data—they will go even deeper by analyzing the data and providing actionable insights that help people reach their goals. For instance, my firm designed a medical concept app (the Latitude Heart Coach) that connects heart failure patients with the data collected by their implanted defibrillators (ICDs). The app doesn’t just visualize the data and stop there, though—it also tells users what to do with the information (i.e., makes approved medical recommendations) and uses motivational “coaching” techniques to keep people engaged. By revealing insights little by little (“progressive disclosure”) and giving users the autonomy to choose what info they wish to see at any given time, the app helps people maintain a sense of control over their experience. Users can also share their data with their caregivers and support networks, helping them stay accountable over time. To your point, Paul, I think apps like this could be a good alternative to the “subscription services” you were mentioning. Devices that are informed by good research and are designed to be highly interactive could stand on their own. I think we can look forward to seeing more of these types of devices that not only make data accessible, but also help make lasting behavior change possible by making the data actionable and keeping users engaged. Paul M. Stein I can see how many of the folks who buy these things will join subscription services (to be developed) to watch, interpret, and supply advice for best “lifestyle practices”. There’s much more to these devices than just the devices themselves. Now, the big question is, will any of this amount to anything to improve one’s health? The majority of the people who buy these things are fairly motivated to begin with, so the answer for them is most likely “no”. However, again I can see, if these devices enter the realm of gifts for that obese friend or relative, along with a year’s subscription to the TBD service, then a whole new avenue of real heathcare might open up. Life Coach-type entrepreneurs, think about this one carefully. Greg Smart Paul M. Stein One thing is for certain. Crowdfunding to gain working capital for the development of these has worked in the past, and I look forward to seeing more in the future. Matthew Romey One of the main advantages of personal monitoring devices is supposed to be their ability to connect to the cloud and create an overall “ehealth” profile for each individual. But I have serious doubts that this model will catch on rapidly. I reported on this in my blog after October’s OCTANe Medical Device Investor Forum (MDIF) when Dr. Harry Greenspun, MD, Advisor for Healthcare Transformation & Technology at the Deloitte Center for Health Solutions (CDHS), spoke about mobile Health (mHealth): “Although the growth in healthcare apps has been enormous, Dr. Greenspun said, it has mostly been concentrated in wellness and fitness. The fitness industry realized early that making fitness information social allows people to set their fitness goals. Leader boards shame you into exercising, etc. Yet, while this has resulted in a huge increase in the data we are collecting about ourselves, most of it is of no interest to doctors. The paucity of true medical apps to date can be explained by the substantial barriers to entry. I’d love to be wrong on this. Feel free to disagree; if you convince me I’m wrong you might make my day! Joe Hage Joe Doyle Jack Hagerty Toby Leete Marked as spam
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