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HealthTech Industry Update | How digital fitness is changing the future of wellbeing

Physical AND mental health | holistic approach

Today, companies are focusing not just on supporting their employees’ physical health, but their mental health.

They see the toll that the uncertainty, anxiety, stress, and additional responsibilities associated with the global pandemic are taking, and they recognise the need to support them in a more holistic way.

How ?

➡️️ Offer, and have leaders promote, programs for mental health and mindfulness, such as counselling, meditation groups, and stress management training.

➡️Encourage managers to be supportive of team members participating in well-being programs.

➡️Invite leaders to speak in an open and transparent way about their own struggles and how they manage them.

➡️Focus on digital wellness

➡️Create the space to succeed

️ Unlock the potential !

When people experience a state of well-being at work, they can unlock their potential, work purposefully and creatively, successfully manage everyday stress, and make meaningful contributions to the success of the entire organisation.

https://www.thehrdirector.com/features/future-of-hr/digital-fitness-changing-future-wellbeing/

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HealthTech Industry Update | Top 10 medical device companies in 2022

💰In 2021, the global medical devices market reached a value of nearly $488.98bn and is likely to reach an impressive US$718.92bn by 2029. 

🧑‍⚕️The ever-increasing prevalence of chronic diseases and the increased emphasis from healthcare providers to diagnose and treat diseases earlier is leading to a growing number of patients who are undergoing diagnostic and surgical procedures, which is in turn encouraging companies to improve, develop and create new innovative medical advancements.  

The Top 10 are:

➡️️ 10 Cardinal Health

➡️9 Stryker

➡️️ 8 GE Healthcare

➡️️7 Philips

➡️6 Fresenius Medical Care

➡️5 Siemens Healthineers

➡️4 Beckton Dickinson & Company

➡️3 Johnson & Johnson

➡️2 Abbott

➡️1 Medtronic

In this video, they are ranked the leading medical device companies by their 2021 revenue, looking at their medical devices segment results only!

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

HealthTech Industry Update |Growth of Wearable Technology in Healthcare and forecast 2023

We already had a newsletter concerning wearables what will be in 2022 and here now an update on
what was in 2022 and a forecast for 2023.


The healthcare and wellness industry is shifting toward regulated, personalised, and monitored
healthcare. In a short period, mobile devices have skyrocketed in use. With these advancements,
wearable devices such as – well-being tools, health monitors, fitness devices, and disease prevention
devices are becoming more vital in the healthcare field.

Popular e.g. applications are Google FiT, Apple Health App, and Samsung Health.


Here an 2022 overview


⌚of the growing use of Wearable technology in Healthcare and


⌚how wearable technology is used today


⌚what the future looks like for wearable technology in healthcare.


The wearables can be used as point-of-care diagnostic tools tracking, monitoring, supervising, and improving e.g.:


⚕️Activity and Health Status


⚕️Therapeutic Treatment


⚕️Diagnosis, screening, and monitoring


⚕️Patient management efficiency in hospitals


⚕️Fitness, ECG, Blood Pressure and other biosensor data


Future of Wearables in Healthcare 2023:

Using wearable devices for everyday needs is becoming an overall trend worldwide. According to a
study, there will be a significant transformation in the future of wearable wellness and connected
devices landscape over the next five years. Opportunities for advanced data analytics will grow
significantly.


⌚Integration with Electronic Health Records


⌚Implantable medical devices are one of the major growth areas for wearable healthcare devices.


⌚Concern about privacy and data security will grow, leading to the growth of opportunities for
improvement in this area


⌚ Healthcare institutions will see a significant increase in efficiency from remote data collection


⌚With the Internet of Things, AI and Wearable devices, healthcare can become more context-based
and automatic.


⌚Extended wearable products can be clothes, tattoos, small skin pad s and tags and many more

Using wearable devices for everyday needs is becoming an overall trend worldwide. According to a
study, there will be a significant transformation in the future of wearable wellness and connected
devices landscape over the next five years.

https://youtu.be/_iFIMyQJE84

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

HealthTech Knowledge | An Introduction to HealthTech

HealthTech overview

The HealthTech sector is rapidly evolving and filled with a multitude of stakeholders which makes it a very exciting space to be involved in but also leads to confusion when defining it.

We are often asked “What is it for?” and “What is HealthTech?”, so let us start with…

“What is HealthTech for?”

We believe that the purpose of the HealthTech sector is best understood when broken down into 4 core public health domains.

Health domains covered by HealthTech


Physical Health

Physical health promotes the normal functioning of the human body. But what is “normal”? This means that the biological processes necessary to ensure individual survival and reproduction are functioning and that a dynamic balance exists between the body’s functions (sleeping well, eating well, being physically active, having good hygiene, and getting enough relaxation) and the environment (social activities, school, work, travel, events, culture). Physical health issues are treated via healthcare – this is currently where the most advanced HealthTech measures and inventions are focused.

Environmental Health

Environmental health is the branch of public health that focuses on the relationships between people and their environment. The central aim of this domain is to promote human health and well-being and foster healthy and safe communities and is critically important in upholding the other three domains.
At Thaumatec, our work within this domain primarily focuses on the implementation of the European Green Deal.

Social Health

The goal of social health is for individuals to be happy, empathetic, and have a sense of belonging in their community. Social health is heavily influenced by social ties which are built over the course of a lifetime. Relevant areas of focus include relationships with family, experiences in the education system, work, hobbies, personal safety, etc.

Mental Health

The mental health branch promotes emotional and psychological wellbeing. Mental health includes our emotional, psychological, and social well-being. It affects how we think, feel, and act. It also helps determine how we handle stress, relate to others, and make healthy choices. Even very young children may show early warning signs of mental health concerns. These mental health problems are often clinically diagnosable, and can be a product of the interaction of biological, psychological, and social factors.

Main health sub-areas:

“What is HealthTech?”

HealthTech is a broad term that refers to any offering within the consumer care, medical care, healthcare system, preventive health, wellbeing and healthy environment that has been enabled or revolutionised by modern computing and/or engineering.

More details will be shared in another blog post.

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

HealthTech Knowledge | Scientific articles about Wearable technology in HealthTech

Whilst most smart devices monitor biometric data, wearable technology has expanded into a wide array of fields, ranging from healthcare, sports technology to entertainment and fashion.

This collection brings together a selection of our latest papers on wearable technology.

If you want to gain some more insight look the scientific articles of these areas, maybe some help you during development of a new product :

➡️️ Wearable devices in healthcare

➡️ AI-enabled wearables

➡️️ Wearable sensors and materials

➡️️ Flexible electronics and wearable textiles

https://www.nature.com/collections/cgggdhfifc?gclid=Cj0KCQjwwJuVBhCAARIsAOPwGAQ4InPloGe9KhW3zpGYS41M44vT5Rd9MZvWvdRqHkSxbrrGoilECl4aAkpbEALw_wcB

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

HealthTech Industry Update | How to reduce the attack surface for healthcare organisations

One of the most effective methods to reduce the attack surface is segmentation. But, what type of segmentation should be used ? 

Cybersecurity programs are an incredibly important part of the delivery of modern healthcare.

A smart combination of Network- and Identity segmentation is the answer.

Here the topics to be considered:

➡️ NIST SP 800-207 Zero Trust Framework

➡️️ Network segmentation   

➡️ Cybersecurity challenges

➡️ Identity segmentation

➡️ Real-time detection

➡️️ Multi-Factor Authentication

➡️️ Boosting the identity security posture

Healthcare organisations must now take the additional innovative step of transforming their cybersecurity programs.

https://medcitynews.com/2022/06/how-identity-segmentation-can-reduce-the-attack-surface-for-healthcare-organizations/

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

HealthTech Industry Update | Magnetically navigated robots to attack and remove blood clots

We already had article of our weekly updates covering the magnetically navigated robots in the
gastroenterological area, here the application for the cardiological domain, which is maybe even
more sensitive and nano like.


In a collaboration with Houston Methodist Hospital, researchers from the UH Engineering Robotic
Swarm Control Laboratory led by Aaron Becker, assistant professor of electrical and computer
engineering, are developing a novel treatment for pulmonary embolism (PE) using millimetre-scale
corkscrew shaped robots controlled by a magnetic field. PE is the third most common cardiovascular
disease, resulting in up to 300,000 deaths annually.

The project:


➡️️ The project introduces a novel non-invasive method of clot removal


➡️️ The idea involves using a magnetic field to wirelessly steer tiny (6 millimetres long with a
diameter of 2.5 mm), corkscrew-shaped robots through large arteries to break up blood clots in
patients


➡️ Each robot – known as a miniature magnetic rotating swimmer (MMRS)


➡️️ Electromagnets placed around the patient generates a controlled rotating magnetic field that
causes the robot to spin

The advantage:


➡️ could improve patient comfort


➡️ reduce the risk of infection


➡️ ultimately decrease the cost of medical treatments

“Using non-invasive miniature magnetic agents could improve patient comfort, reduce the risk of
infection and ultimately decrease the cost of medical treatments,” according to Julien Leclerc, a
Cullen College research associate specialising in applied electromagnetics. “

My goal is to quickly bring this technology into the clinical realm and allow patients to benefit from this treatment method as
soon as possible.”

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

HealthTech Industry Update | How to stay at the forefront of healthcare innovation

Healthcare is an industry designed to provide essential services and care for patients to improve their
health and well-being.
As digital health companies solidify their services and technologies as a preference for many, and
innovations continue to be developed, it’s critical for healthcare startups to understand the needs of
patients and physicians.


Essential is:


➡️️ Improving R&D with the voice of patients

➡️ Collaborate with physicians

➡️ Maximising go-to-market strategies

➡️ Ensure easy-to-understand, transparent,
and factual language within the go-to-market strategy

➡️️ Provide fuel startups with leading experts

➡️ Applying a Gig economy model to healthcare innovation

By applying a gig economy model to healthcare innovation, flipMD from GoodRx is lowering the
barrier for physicians and businesses to connect and collaborate through an easy-to-use online
platform.

How to stay at the forefront of healthcare innovation – MedCity Newshttps://medcitynews.com/2022/09/how-to-stay-at-the-forefront-of-healthcare-innovation/?utm_campaign=MCN%20Daily%20Top%20Stories&utm_medium=email&_hsmi=227256573&_hsenc=p2ANqtz-8BcsHV7Xi48BFBDrz1z-31k56r77M62sZ9M-iWDwZKBD68BSBbtLNqNUFjwkwyNkS4Eog8uL_u9-Xa_68VvIlLlZdSD6SK-Nh38at6dYuBbPd-0lM&utm_content=227256573&utm_source=hs_email

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

HealthTech Industry Update | Where IT leaders should focus their energies

One CIO names the technologies and leadership strategies he’ll be focused on this year: platform
design, ‘Virtual Care 3.0’ and more.

The fundamental idea behind a distributed approach is to give authority and responsibility to those
who know best – those who are closer to stakeholders.

Embed the IT team with operations closely.


➡️️ Explore a decentralised model in which top management delegates day-to-day operations

➡️️ Virtual care: Expand the organisation’s current telemedicine solution or establish a new one to
figure out how to bring the platform readily to a patient’s house.

➡️️ Map route optimization: improvement of care at home delivery for the clinician who goes and
visits the patient’s house.

➡️️ Wearables and remote patient monitoring of many patients simultaneously.

➡️️ Work-from-anywhere: Think about your tech stack and whether those are robust enough for
work-from-anywhere with security measures in place.

https://www.healthcareitnews.com/blog/where-it-leaders-should-focus-their-energies-2022#:~:text=One%20CIO%20names%20the%20technologies,Virtual%20Care%203.0’%20and%20more.&text=Since%20the%20arrival%20of%20the,have%20faced%20a%20cultural%20shift.

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

HealthTech Industry Update | Engineering Excellence in Highly-Regulated Environments

In a world where medical devices or in vitro diagnostics (IVDs) and health applications are becoming
increasingly complex, so too are the requirements and procedures for developing these devices.
Today’s engineers often struggle to implement new methods and regulations, while also continuing to work as efficiently as possible when they develop novel technology products.


Each system – or system of systems, in some cases – goes through an engineering lifecycle, which is
sometimes referred to as a product development lifecycle. In terms of today’s DevOps and value
chains, these life cycles can range from a very early ideation phase to end-of-life activities for an
obsolete product.


In some cases, key practices are simply added on to existing legacy workflows, whether it is modern
engineering methods or new regulatory requirements:


➡️Agile and Lean Practices in a Regulated Environment

➡️Lean Portfolio Management

➡️Design for Six Sigma / Reliability Engineering

➡️Product Cybersecurity

➡️Data Privacy Engineering

➡️Artificial Intelligence

➡️Computer Systems Assurance

➡️Legacy Quality Management Systems

➡️Truly Integrated Lifecycle

Simply adding spot improvements often results in an inflexible process landscape without an
integrated, consistent end-to-end approach.


The integration from initial policy development to the tool workflow, covering everything from
portfolio management to post-launch activities is key.


Deloitte has developed a process model for building a truly integrated lifecycle…

https://www2.deloitte.com/de/de/pages/risk/articles/engineering-excellence-medtech.html?id=de:2ps:3gl:4ra-medtech-engineering:5:6risk:20221020:me_kp&gclid=EAIaIQobChMIqeulxNTf-wIVaQqiAx3gLwaPEAAYAiAAEgI4-PD_BwE

If you would like to see more interesting posts, visit our knowledge database: https://thaumatec.com/knowledge/

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