LifeWatch Technologies, an Israeli company that, along with its Switzerland-based parent firm, is one of the world’s largest home medical monitoring companies, unveiled the world’s first “medical smartphone” this week. The LifeWatch V is equipped with numerous monitoring and measurement tools, including tools to monitor heart rate, body temperature, blood sugar levels, cholesterol levels, blood pressure, and others.
Essentially a medical device, LifeWatch is seeking government approval in the US and EU for the phone. The worldwide market for the device is estimated by LifeWatch to be at least a billion people. For now, the device will be marketed in Israel. The company cited research that the market in the US alone is worth $1.5 billion, and is growing by 20% a year.
The device works as a phone, with normal smartphone functions, but also records important medical information and uploads it to LifeWatch’s remote monitoring service, which records a user’s health and updates his medical records, alerting emergency services when necessary. Users monitor themselves with the LifeWatch V by holding it on its four corners, where the measurement and monitoring sensors are located. To take their temperature, users pass the device across their foreheads.
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