Medical Devices Become Widely Used as Healthcare Systems Look to Ease Burden
T
he pandemic has caused an exponential growth in demand for healthcare products such as ventilators, medical clothing, face masks, testing kits, monitoring and diagnostic devises.
As a result, there are high expectations from the medical technology industry. The Food and Drug Administration (FDA) provided guidance to medical technology makers to help the process of production and distribution become more efficient.
According to the FDA the guidance is intended to assist manufacturers in providing the agency with informative notifications about changes in the production of certain medical devices that will help the Agency prevent or mitigate shortages of such devices during the public health emergency.
These devices also include remote monitoring technology, which in a time of a pandemic helps eliminate unnecessary patient contact and ease the burden on hospitals, other health care facilities. Nemaura Medical, Inc. (NASDAQ NMRD), Abbott Laboratories (NYSE ABT), Johnson & Johnson (NYSE JNJ), Novavax, Inc. (NASDAQ NVAX), Moderna, Inc. (NASDAQ MRNA)
Before the pandemic, wearables were being used by an increasing number of patients to diagnose, treat, and monitor their diseases. And according to Mordor Intelligence the Wearable Technology Market was valued at USD 27.91 billion in 2019 and is expected to reach USD 74.03 billion by 2025, at a CAGR of 17.65% over the forecast period 2020 - 2025.
A recent example of how such devices are helpful in the pandemic includes Dexcom's recent partnership with Current Health to add continuous glucose monitoring capabilities to Current Health's AI-powered remote patient monitoring platform, which is particularly important for diabetic patients, who are at a higher risk of becoming infected during the pandemic.
Nemaura Medical, Inc. (NASDAQ NMRD) announced breaking news last week that it has, issued a presentation outlining how CGM is being used by quarantined and hospitalized COVID-19 patients.
The Company has previously reported the uses of continuous lactate measurements for the monitoring of diseases progression in COVID-19 patients. Today the company issued a report outlining how CGM has been used as an effective tool for the monitoring of disease progression in both quarantined and hospitalised COVID-19 patients.
This includes improvement in glycaemic control in persons with Type 2 diabetes, monitoring and managing hyperglycaemia in patients with COVID-19, and remote monitoring of glucose levels in hospitalised COVID-19 patients leading to improved quality of care without compromising the safety of medical professionals.
Both the CGM and CLM (continuous lactate monitoring) products are based on Nemaura's BEAT platform, which is designed to non-invasively extract a number of analytes through the skin. By adapting the sensor chemistry, algorithm and mobile app interface initially developed for sugarBEAT, the BEAT platform has the potential to be utilized for several markets beyond glucose monitoring and diabetes. Nemaura is evaluating the timelines for bringing the CLM to market as a Class 2 approved Medical Device, and the CGM device is a CE mark approved Class 2b medical device planned for launch this calendar year in the UK and Germany.
About Nemaura Medical, Inc. Nemaura Medical Inc. (NMRD) is a medical technology company developing micro-systems-based wearable diagnostic devices and currently commercializing sugarBEAT, and proBEAT. sugarBEAT, a CE mark approved Class IIb medical device, is a non-invasive and flexible continuous glucose monitor (CGM) providing actionable insights derived from real time glucose measurements and daily glucose trend data, which may help people with diabetes and pre-diabetes to better manage, reverse and prevent the onset of diabetes.
Nemaura has also submitted a PMA application for sugarBEAT to the U.S. FDA. proBEAT comprises a non-invasive glucose monitor and a digital healthcare subscription service and is due to be launched in the US as a general wellness product.
✔️ Medical Devices Become Widely Used as Healthcare Systems Look to Ease Burden
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