Wearable Health Solutions Inc (OTCMKTS:WHSI) announced Friday its marketing campaign with “Worldwide Business with kathy ireland®” will launch early next month which could drive investor interest due to the show’s enormous reach. Wearable Health is launching its next-generation 4G wearable medical device into a market projected to reach US$38.9 Billion by 2026, growing at a CAGR of 15.8%, this exposure should put WHSI at the top of investor watchlists.
Model turned mogul, Kathy Ireland hosts a weekly half-hour show featuring global executives sharing their business insights and framing the opportunities shaping their industries. Its reach is significant: over 200+ Million households via major networks such as Fox Business Network & Bloomberg International Television.
The main objective of WHSI’s marketing program with the show is to drive sales and increase awareness of the company’s new product, the iHelp Max. Either through increased sales improving fundamental valuation or awareness increasing speculative interest; WHSI stock stands to benefit as well.
WHSI Market Opportunity
Broadly, WHSI’s product looks to gain market share in the wearable medical device market is estimated at US$18.1 Billion in 2021, and is projected to reach US$38.9 Billion by 2026, growing at a CAGR of 15.8%.
The company is increasing its share in the global medical alert system market as well. Estimated at $7.4 billion in 2021 and expected to reach $10.9 billion by 2026 with a healthy CAGR of 8.3%.
Medical alarm devices and eHealth markets sector include:
- Wearable healthcare products
- Tracking services
- Turn-Key solutions
Wearable Health Solutions is in a good position because devices make up a larger demand segment than software. It’s devices could gain a share of this large piece of medical technology pie.
Next-Generation Launch Set for 2022
WHSI’s iHelp MAX™ 4G device is reportedly launching this year. The device will do more than transmit an emergency alarm for the user. It will also send medical personnel vital signs, such as heart rate.
Another advantage WHSI has on the competition is customer care. Marc Cayle, VP of Innovation and Technology, says that the remote monitoring device industry suffers from a 33% attrition (return) rate. “‘White glove service’ that educates dealers and consumers can cut that number to single digits,” Cayle commented, “4G will be the catalyst for companies like WHSI in the remote monitoring PERS industry,” Telecommunications providers like AT&T are dropping 3G this month in favor of 4G and 5G.
The device will be telehealth-ready which is practically mandatory for a medical device’s success in our post-pandemic world.
Ireland Exposure May Be Major Catalyst for WHSI Stock
With the marketing program set to start next month, now is an opportune time to begin your research on Wearable Health Solutions, Inc. (OTCMKTS:WHSI).
This article is part of a sponsored investor education program
