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Wearable Electronics for Healthcare – Future Development

Dr. Enboa Wu (吳恩柏 ), VPGDASTRI 20 March 2015

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40% Fortune 500 to be replaced by new exponential companies in 10 years.•Example: Kodak bankrupt in 2012 vs. Instagram acquired by Facebook for $1B.

50% of US workforce will be displaced by robots in 10 years.•Factories will dramatically reduce the workforce with current skill set.

Cisco forecast ($19T) IoE could create 170M global jobs by 2020.

Majority of new jobs will be for knowledge workers.

Major retraining will be needed.

Location of jobs may mirror Apple’s iPhone 4s breakdown of ASP:• 3% ($14): cost of assembly (China)• 32% ($178): cost of components (global) • 66% ($368): Apple’s share (US) 100% ($560)

Future Job Replaced/Created

Source: Peter Diamandis and Singularity University forecasts:

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By 2020+, 5G is going to replace 4G

3

Source: http://www.imt-2020.org.cn

1B smart phones sold in 2014 By 2017, 10B internet devices, 77B Apps… (DigiTimes, 10/2014, 3/2015)

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Automotive Navigation & Parking Healthcare & Wearable devices

Tracking & Tracing

Consumer Electronics

Smart Homes

Payment

Internet of Things (IoT) Enabled Smart City

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Top three universities on entrepreneurs: Stanford, Harvard, UC Berkeley (http://www.dailycal.org/2013/08/18/uc-berkeley-third-largest-producer-of-

entrepreneurs-report-says)

Stanford created 18,000 enterprises, $1.27 trillion USD/year revenue

What are the key success factors?

Education: Stanford U. as one example

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Represents the emerging market for mobile fitness, wellness and healthcare devices and services.

Enabled by emergence of low cost sensors. Expected to save 35% treatment cost of chronic medical conditions in coming years.

• US Healthcare spending is about 19% of GDP. Expected to bring healthcare to everybody on Earth. Expected to dramatically redefine medical industry and the function and responsibility of doctors.

• Large number of traditional medical/equipment medical companies will cease to exist.• First “death sentence” was “issued” to $5B EKG industry.• Diagnostics will shift to AI computers (such as Dr. Watson).• Doctors will need to learn how to use Big Data generated by sensors and processed by supercomputers in patients’ hands.

Two challenges: (i) users mis-interpret data; (ii) privacy issues. Three models : Selling (i) services; (ii) subscriptions to premium content and advice; (iii) data. Easier to be adopted in developing countries.

Inc Magazine (February 2014); The Economist Intelligence Unit (2015)

mHealth (eHealth, Digital Health)

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Global Wearable Market : 20B USD by 2018

Source: Inc Magazine, Juniper Research, DigiTimes (3/2015)

Wrist Band and Watch: 18M units in 2014, and 51M units in 2015

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From Silicon Valley: Early Stage VC

Source: CB Insights

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Global Ageing Population

In 2014: China has 200M population at 60 years or older, and 3M new cancer patients. DigiTimes (3/2015)

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How About Hong Kong?

Source: MPF Authority

Hong Kong is now a member of Age-Friendly Cities (AFC).

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Value Chain – Who Pays the Bills ?

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Operators

Clinics

Devices & Sensors(Clinical & Behavioral

Data)

Gateway(Big Data/Knowledge-

based analysis

Service Platform(Partners)

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Smart Healthcare for Elderly

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• Reduce public medical expenditure/burden• Huge demand in aging population• Lower risk and less regulation

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By JAWBONE

What does Product Innovation mean…

US$125 RMB$79 Innovation should be more than this….

To JAWBONE: Competitive edge is not significant. To XiaoMi: What is the strategy behind?

What if a product could monitor Activity, heart rate, blood oxygen, mental stress, sleeping quality, apnea, dementia risk, continuous blood pressure, etc., And predict long-term physical, psychological and cognitive risk….

Can Apple make it?

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Most diabetes patients may need to test 3 - 4 times per day– foods– portions– exercise– medication doses

History of non-Invasive measurement of blood glucose

Self-monitoring of Blood Glucose (SMBG) – A 20 Year Odyssey

Source: UpToDate, Inc, diabetiker-mailbox.com

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“Cloud Can (云罐 )” vs. “Watson”

Tsinghua Tongfang (清華同方 ) ： 1997 IPO, 24B RMB market cap, cover IT, security,

energy, investment, science park, etc. 544 overseas patent applications.

Cloud Can: 669RMB, integrating entertainment, education, medical, security, finance for home use.

IBM: 160B USD market cap, the leader in computer, IT

integrated solution, granted 6800 US patents in 2013. Suffering setback due to industry paradigm shift…

Watson: beat human being at Jeopardy! in 2011,

HW cost of $3M USD, aim for providing medical/ healthcare, investment/finance services.

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ISO13485 Certified & Satisfied with FDA requirements

Physiological Psychological

A balanced system

Good arterial stiffness

ASTRI’s Healthcare Electronics

Blood glucose level before/after meal

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Jointed Effort: RFID System for Better Elderly Care

RFID Reader

RFID Garment

Control Centre

Alert Notification Interface

Audible AlertAudible Alert

Care Centre Entrance/EXIT

Co-developed by 3 R&D Centres: ASTRI, HKRITA & LSCM

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In past 30 years, success was due to… Low labor cost: no more Huge domestic market: yes Adoption of foreign tech: will be getting harder Government investment: Concern on RoI

18／ 117

China: Past Success vs. Future Prosperity

Source ：财新《中国改革》 2012 年第 10期 , 资委副主任、党委副书记 邵宁

Looking into Future, how to avoid Mid-class Income Trap….

Treasure talents, respect & accumulate IPs Innovation on technology, product, and business model M&A to accelerate technologies & brands enhancement

It is an era of intelligence, IoE, and BD, how to prepare yourself well for the paradigm shift, the opportunity, and challenges, especially for mHealth?