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Forbes
01-06-2025
- Business
- Forbes
Why Gen Z Will Demand Crypto-Enabled Health Systems
Behavioral trends, digital ownership, and on-chain reputations are reshaping the future of healthcare Gen Z Generation Z (Gen Z) is now coming of age—and with them, a digital-first mindset that is set to disrupt every traditional industry, including healthcare. Born between 1997 and 2012, Gen Z doesn't just use technology—they live in it. They were raised during the internet boom, financial decentralization, and the notion that digital identity and ownership matter. As this generation becomes the dominant consumer and workforce demographic, it's no longer a question of if the healthcare system will adapt—but how fast. Health is Personal—and Digital Unlike previous generations, where healthcare was more authoritative Gen Z sees health as part of a broader identity ecosystem. From fitness apps to wearable devices, this cohort expects real-time, on-demand access to healthcare. 'Gen Z grew up during a period of significant change in healthcare and tends to be wary of traditional healthcare providers. Nearly 10% express distrust in health information from providers, a rate significantly higher than older generations. They are also the least willing to share their health data, with 17% preferring not to share it with any stakeholder' (HITConsultant). With this mindset follows the expectation to be in control of their health information—and the ability to control, share, or even monetize it on their own terms. The global mHealth apps market size was USD 36.68 billion in 2024. The market is projected to grow from USD 40.65 billion in 2025 to USD 88.70 billion by 2032 (Fortune Business Insights). This demographic is already seen as early adopters for non-conventional healthcare services, including at-home tests for wellness optimization. They are comfortable using technology to explore health-related topics (HITConsultant): Crypto-native solutions, like health data wallets, appeal to these expectations. Platforms that allow users to own their electronic health records (EHRs) and grant access via smart contracts rather than paper forms or opaque systems will see growing adoption. In a world where loyalty is built on transparency and control, Gen Z will opt into platforms that treat them like stakeholders, not just patients. Digital Ownership Is a Right, Not a Feature For Gen Z, digital ownership isn't a novelty—it's a right. They are exposed to assets such as NFT collections, DeFi accounts, and online avatars. So when it comes to their most intimate information—their health data—the same can be expected. Gen Z is already demanding permission when it comes to their online presence and data. According to Rachel Sterling Chief Marketing Officer for Identity Digital when it comes to social presence, Gen Z creators want stability, ownership, and control over their online presence. According to new survey data from EY…(47%) of the 5,000 members of Gen Z surveyed by EY said they believed there needs to be permission to use a person or organization's data. As platform starts to adopt these new emerging technologies it is imperative to take into account the privacy of users that adopt in to the service. Healthcare startups and legacy systems alike that align with Web3 values—decentralization, transparency, ownership, and interoperability—will be best positioned to earn Gen Z's trust and participation. Gen Z is not just another digital generation—they are the architects of a decentralized future. Healthcare must evolve beyond portals and PDFs. The demand is clear: crypto-enabled, user-first, and privacy-respecting systems that recognize patients not just as users, but as sovereign data owners. The question is: who's ready to build for them?
Yahoo
22-05-2025
- Health
- Yahoo
U.S. and Europe Clinical Wearable Medical Devices Market Trends Analysis Report 2025-2030: Diabetes and Cardiovascular Surge Drive Adoption, Increasing Demand for Remote Monitoring
Factors include rising chronic disease prevalence and technological advances. With increasing demand for diabetes management and elderly care, the market will see significant growth in connected insulin pumps, glucose monitors, and other wearable devices. Detailed segmentation and future trends offer strategic insights for stakeholders. U.S. and European Clinical Wearable Medical Devices Market Dublin, May 22, 2025 (GLOBE NEWSWIRE) -- The "U.S. and Europe Clinical Wearable Medical Devices Market Size, Share & Trends Analysis Report by Product (Insulin Pumps & Continuous Glucose Monitors), Application (Chronic Disease Management), Connectivity Type, End Use, with Growth Forecasts, 2025-2030" report has been added to U.S. and Europe Clinical Wearable Medical Devices Market was valued at USD 45.29 Billion in 2024, and is projected to reach USD 89.31 Billion by 2030, rising at a CAGR of 12.10% The increasing prevalence of chronic diseases like diabetes, heart disorders, and kidney disorders, along with advancements in clinical wearable medical devices, is expected to drive market growth. According to data from the American Heart Association, by June 2024, approximately 184 million individuals-over 61% of adults in the U.S.-are projected to be affected by some form of cardiovascular disorder by 2050. Such a high burden of chronic diseases is anticipated to drive the demand for clinical wearable medical devices in the coming years. The rise in the prevalence of diabetes, driven by factors such as aging, obesity, and unhealthy lifestyles, is a significant contributor to market growth. This trend is increasing the demand for convenient and effective insulin delivery methods. In addition, the growing incidence of prediabetes is also fueling market expansion. For instance, according to data published by the CDC in May 2024, approximately 38 million people in the U.S. have diabetes, while about 98 million American adults are classified as 2030, the highest prevalence of diabetes is estimated to be in Spain, followed by Germany, with the second highest prevalence, while Norway will have the lowest prevalence. The increasing rates of diabetes in various European countries and the U.S. are expected to boost the demand for clinical wearable medical devices, such as connected insulin pumps and glucose monitoring the increasing geriatric population is a significant factor driving the market for clinical wearable medical devices. Older adults are more vulnerable to chronic health conditions such as hypertension, heart disease, diabetes, and various pulmonary and neurological disorders. According to data published by the National Council on Aging, Inc. in May 2024, over 94% of individuals aged 60 and older have at least one chronic condition, while approximately 78% suffer from two or more such addition, people aged 65 and older are currently the fastest-growing segment of the U.S. population. The U.S. CDC's 2024 report projects that nearly a quarter of the population will be over 65 by 2060. Aging can weaken the immune system and increase susceptibility to various health issues, negatively impacting individuals' quality of life. Many in this age group are primarily dependent or semi-dependent, making frequent hospital visits challenging. Implementing effective strategies, such as the use of clinical wearable medical devices, can enhance the quality and longevity of life for older adults, promoting greater independence. As a result, the adoption of these devices is expected to rise among older individuals. They help them monitor key health indicators like blood pressure and respiratory rate, improving their overall health and quality of life. Why Should You Buy This Report? Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments. Competitive Landscape: Explore the market presence of key players. Future Trends: Discover the pivotal trends and drivers shaping the future of the market. Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions. Key Attributes: Report Attribute Details No. of Pages 100 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $45.29 Billion Forecasted Market Value (USD) by 2030 $89.31 Billion Compound Annual Growth Rate 12.1% Regions Covered Europe, United States U.S. and Europe Clinical Wearable Medical Devices Market Variables, Trends, & Scope Market Lineage Outlook Parent Market Outlook Ancillary Market Outlook Market Driver Analysis Rising prevalence of chronic diseases Increasing geriatric population Advent of technologically advanced products Market Restraint Analysis High cost of devices and lack of reimbursement policies Product recalls Market Opportunities Analysis Growing clinical trials Increasing demand for remote monitoring Rising focus on wearable artificial kidney devices Market Challenge Analysis Accuracy and reliability U.S. and Europe Clinical Wearable Medical Devices Market Analysis Tools Industry Analysis - Porter's PESTEL Analysis U.S. and Europe Clinical Wearable Medical Devices Market Report: SegmentationProduct Outlook (Revenue, USD Million, 2018-2030) Insulin Pumps and Continuous Glucose Monitors (CGMs) Cardiac Monitors Respiratory Monitoring Devices Neurostimulators Blood Pressure Monitors Wearable Dialysis Devices Wearable Oxygen Therapy Devices Other Wearable Medical Devices Application Outlook (Revenue, USD Million, 2018-2030) Chronic Disease Management Post-operative Care Remote Patient Monitoring (RPM) Other Applications Connectivity Type Outlook (Revenue, USD Million, 2018-2030) Bluetooth-connected Wi-Fi-enabled Cellular-connected IoT-based End Use Outlook (Revenue, USD Million, 2018-2030) Home Healthcare Hospitals and Clinics Ambulatory Care Settings Other Settings Competitive Landscape Company Overview Financial Performance Product Benchmarking Strategic Initiatives Medtronic Abbott Koninklijke Philips N.V. GE HealthCare OMRON Healthcare, Inc. Dexcom, Inc. Insulet Corporation Tandem Diabetes Care, Inc. Fresenius Medical Care AG Inogen Cognita Labs AliveCor, Inc. EMAY VivaLNK, Inc. CAIRE Inc Ypsomed AG Wellue Qardio, Inc Withings iRhythm Technologies, Inc OxyGo HQ Florida, LLC. LOOKEETech VitalConnect Boston Scientific Corporation Nexstim LivaNova PLC Neuropace Inc. Nevro Corporation electroCore, Inc. tVNS Technologies GmbH Laborie Axonics, Inc For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment U.S. and European Clinical Wearable Medical Devices Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
