Market News
Recent Developments
New product launches
- Apple Watch Series 6: In September 18, 2020, Apple Inc., multinational technology company, introduced the Apple Watch Series 6, which includes health-monitoring features such as blood oxygen level measurement, heart rate monitoring, ECG functionality, and activity tracking. While not a dedicated health all-in-one machine, the Apple Watch exemplifies the integration of health monitoring capabilities into a wearable device.
- CITIZEN: On January 4 2023, CITIZEN, an innovator in watchmaking, launched its newest version of CZ Smart, the Smarter Smartwatch, at CES (Consumer Electronics Show) 2023.
Acquisition and partnerships
- Palatin Technologies, Inc.’s partnership with UpScriptHealth: On August 7, 2023, Palatin Technologies, Inc., a biopharmaceutical company announced that it has entered a strategic partnership with UpScriptHealth, a leading direct-to-consumer telemedicine company providing telemedicine services to pharmaceutical and medical technology companies.
- Google's Acquisition of Fitbit: In January 2021, Google, a multinational technology company completed the acquisition of Fitbit, a prominent manufacturer of wearable health and fitness trackers. This acquisition allowed Google to integrate Fitbit's expertise in health tracking and wearable technology into its ecosystem, thus expanding its presence in the health and wellness market.
- Koninklijke Philips N.V.'s Acquisition of BioTelemetry: In February 2021, Koninklijke Philips N.V., a global health technology company, completed the acquisition of BioTelemetry, a leading provider of remote cardiac monitoring services. This acquisition strengthens Philips N.V.s remote monitoring capabilities and expand its portfolio of health monitoring solutions, including all-in-one devices.