7 Jan

What’s Inside Your Wearable Device? (INFOGRAPHIC)


 

This New Year, more people than ever are fiddling with fitness gadgets they received over the holidays to help them fulfill their New Year’s resolutions. It is estimated that more than 45 million wearable devices shipped in 2015. While you are tracking your health, FADEL is tracking the rights and royalties being paid out and collected for all the technology that’s inside.

Fadel_Infographic_Wearables

What’s Inside your wearable health device?  Wearable tech no longer just counts your steps–it can save your life. The wearables industry is growing at a dizzying rate, and innovation is generating an incredible number of patents. To take just one example, a medical alert watch is a small, smart health device that’s full of IP. We look at what’s inside.

Patented electronics, communications, and medical technologies that contribute to a smart watch include:

  • Microcontrollers
  • Semiconductors
  • Waterproof design
  • Motion detectors
  • Activity sensors
  • Step counters
  • Medical Reminders
  • 24/7 emergency help button
  • Phone connectivity
  • In-home hub processing medical data

Wearable have been determined to be critical to the future of healthcare:

  • Healthcare providers spend 85% on chronic condition management
  • 79% of doctors believe mobile devices can help coordinate better care
  • 66% of physicians would prescribe an app to help patients manage chronic diseases
  • The risk of hospitalization for chronic conditions is reduced by 47%

Wearables are powering a new wave of IP:

  • 41,301 electronics patents have been issued since 2010
  • 140,926 patents have been issues for printed, flexible, and organic electronics since 2010
  • The most common applications for wearables patents support consumer communications, health monitoring, and athletics.

The wearables revolution is just beginning, with a projected 24.5% annual market growth rate contributing to a predicted $70 billion industry by 2025.

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Watch a 2-minute video on IP tracking and management with FADEL IPM Suite, or contact us to request a demo.

 

Categories associated with this post: Infographics, Rights Management, Royalty Management
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Devi Gupta
Devi is responsible for developing and executing a marketing and communications strategy to support FADEL’s business growth and enhance its brand awareness. She manages all marketing functions including market positioning, branding, communications, demand generation and strategic alliances. Devi brings over 20 years in the technology industry having run the marketing departments at software firms Prolifics, Capital Banking Solutions and Cedrus, as well as playing a strategic role on their executive teams to help drive company direction. While at Prolifics, a systems integrator specializing in IBM technology solutions, Devi played a major role in growing that relationship to become one of the largest and award-winning IBM business partners. At Capital Banking Solutions, Devi was responsible for global marketing, particularly in emerging markets across Africa, the Middle East and Latin America. Devi also held Product Management, Product Marketing and Sales Engineering roles and was a programmer and relational database specialist at the Philadelphia Electric Company. She has a Bachelor of Science degree in Computer Science from Cornell University.

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