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Wearable Healthcare Devices Market to Hold a High Potential for Growth by 2031
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Wearable Healthcare Devices Market to Hold a High Potential for Growth by 2031
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Wearable Health Solutions Inc (OTCMKTS:WHSI) is an interesting small-cap stock in the booming senior care marketplace that has been underappreciated by the market but looks to be testing key technical support, so it may be worth a closer look.
First off, the company manufactures medical alarm devices to summon help in the event of an emergency. Given recent powerful advances in coordination between networks and civil service infrastructure today, this is a legitimate telehealth technology resource.
The company’s products are designed and marketed primarily to the elderly, physically disabled, and individuals living alone through a large international dealer base. The primary market focus, on the elderly, positions the company as a key player in one of the most aggressive growth themes staring at us over the next two decades.
The US is already over 16% “senior”, with over 50 million seniors today.
But, as an investor, you have to think in second-derivative terms to make sense of secular trends. As the Boomers age, about 10,000 will turn 65 each day for the next 20 years – the term “Boomers” refers to the Baby Boomer generation, which represents everyone in the US born between roughly 1946 to 1965.
It is an important demographic because it represents a time of very high birth-rate in the US following the end of WWII. Basically, all the men came home to start a family during a time of great prosperity, and fecundity went through the roof.
Wearable Health Solutions Inc Teams With Worldwide Business With kathy ireland(R) To Create Marketing Campaign Designed To Drive Leads To Its International Dealer Network In The Wearable Healthcare Devices Market
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