Wearable Medical Technologies for Better Health

Wearable Medical Technologies for Better Health

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Wearable Medical Technologies for Better Health
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Technology and Communications
Technology
Business Model Description

Facilitating early action and remote monitoring in health through mobile health applications syncing with wearable devices for better health in monitoring conditions such as diabetes.

Expected Impact

This IOA will facilitate early diagnosis and reduce the pressure on healthcare facilities, contributing positively to health and wellbeing indicators

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8)
Sector Sources
  • 1) SDG Index & Dashboard, 2020, https://dashboards.sdgindex.org/profiles/TUR/indicators 2) Sustainable Development Report Dashboard 2020, OECD Members, Turkey, https://dashboards.sdgindex.org/?fbclid=IwAR1tzYVKRXvPD2mwfvhf-mLTGGQEjA76y_HlrprWhSzNYZcqrLZMLXzRIcI#/TUR 3) 11th Development Plan http://www.sbb.gov.tr/wp-content/uploads/2020/03/On_BirinciPLan_ingilizce_SonBaski.pdf 4) 2020 Annual Presidential Program, http://www.sbb.gov.tr/wp-content/uploads/2019/11/2020_Yili_Cumhurbaskanligi_Yillik_Programi.pdf 5) Sustainable Development Goals Evaluation Report, http://www.surdurulebilirkalkinma.gov.tr/wp-content/uploads/2020/03/Surdurulebilir-Kalkinma-Amaclari-Degerlendirme-Raporu_13_12_2019-WEB.pdf 6) 2019-2023 Strategic Plan of the Ministry of Health, http://www.sp.gov.tr/upload/xSPStratejikPlan/files/Anobg+StratejikPlan2019-2023.pdf
IOA Sources
  • 7) Grandview Research, 2020, https://www.grandviewresearch.com/press-release/global-wearable-medical-device-market 8) SDG Tracker, 2020, https://sdg-tracker.org/ 9) Business Insider, Wearable Technology Medical Devices, https://www.businessinsider.com/wearable-technology-healthcare-medical-devices 10) KOSGEB, Stratejik Ürün Destek Programı, https://www.kosgeb.gov.tr/site/tr/genel/destekdetay/6492/stratejik-urun-destek-programi 11) Travelers, How Companies Can Help Reduce Risk from Wearables https://www.travelers.com/resources/business-industries/technology/how-companies-can-help-reduce-risk-from-wearables 12) The 2019-2023 Strategy Plan of the Ministry of Industry and Technology, https://www.sanayi.gov.tr/strateji2023/sts-ktp.pdf 13) Honeypot, Women in Tech Index, 2018 https://www.honeypot.io/women-in-tech-2018/ 14) Turkis Statistical Services, 2021. https://cip.tuik.gov.tr/#