How Wearable Electronics Will Change Clinical Trials (Part II)

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Clinovo 1208 E. Arques Avenue, Suite 114 Sunnyvale, CA 94085 [email protected] +1 800 987 6007 www.clinovo.com HOW WEARABLE ELECTRONICS WILL CHANGE CLINICAL TRIALS? (PART II)

Transcript of How Wearable Electronics Will Change Clinical Trials (Part II)

Page 1: How Wearable Electronics Will Change Clinical Trials (Part II)

Clinovo1208 E. Arques Avenue, Suite 114Sunnyvale, CA [email protected]+1 800 987 6007 www.clinovo.com

HOW WEARABLE ELECTRONICS WILL CHANGE CLINICAL TRIALS? (PART II)

Page 2: How Wearable Electronics Will Change Clinical Trials (Part II)

2© 2015 Clinovo. All Rights Reserved. The contents of this document are confidential and proprietary to Clinovo

The wristband’s clinical-grade health sensor

measures anything from light and noise exposure to heart

rhythm, skin temperature and pulse, sending real time

patient data to researchers.

Google X developing clinical trial wearable

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3© 2015 Clinovo. All Rights Reserved. The contents of this document are confidential and proprietary to Clinovo

70% of consumers say they would wear employer-provided

wearables in exchange for a break on their insurance premiums

Employers in return would help mainstream wearables by

sponsoring wellness programs

Wearables Mainstream Potential

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4© 2015 Clinovo. All Rights Reserved. The contents of this document are confidential and proprietary to Clinovo

Pharmaceutical and provider networks can also leverage

wearables to integrate with their current initiatives encouraging

behavior change towards a healthier lifestyle.

Source: PWC

Wearables Mainstream Potential

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5© 2015 Clinovo. All Rights Reserved. The contents of this document are confidential and proprietary to Clinovo

The social trend of sharing personal

health and disease information online

is called “biosociality”.

However, sharing data with clinical trial researchers raises the

issue of privacy. Patients who share their self-tracked data

expect anonymity but there is no consensus on privacy and

ownership standards in the health data space.

Drawbacks of Adopting Wearables

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6© 2015 Clinovo. All Rights Reserved. The contents of this document are confidential and proprietary to Clinovo

57% of consumers would only share their data on the condition of privacy protection.

Over 90% said this is very important

8% were open to sharing their data with the mobile device company that collected it.

Drawbacks of Adopting Wearables

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7© 2015 Clinovo. All Rights Reserved. The contents of this document are confidential and proprietary to Clinovo

The lack of industry standards around wearables raises the

concern about the validity of the collected patient health data.

However, experts believe that the mainstream adoption of tech

health devices would force the industry to address information

governance and impose standards in the near future.

Conclusion

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8© 2015 Clinovo. All Rights Reserved. The contents of this document are confidential and proprietary to Clinovo

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