1. By reviewing the background with the references provided (pg. 1/2), provide a brief argument with evidence to persuade the managers at BioMed to where (which medical problem or issue) they should focus their development of the next wearable healthcare device.

Case Study: BioMed Healthcare Equipment BioMed Healthcare Equipment is a local company specializing in advanced medical monitoring through remote, mobile telecommunication devices. Among their impressive range of products, they have introduced a cutting-edge portable and wearable glucose monitor ingeniously embedded in a wristband. This innovative device seamlessly transmits real-time glucose level results to a designated medical centre, benefiting both healthcare providers and patients alike by mitigating the substantial costs associated with poorly managed glucose levels. The repercussions of uncontrolled glucose levels can be financially burdensome, leading to costly medical interventions and even hospitalizations. If left unaddressed, these episodes can escalate into severe and costly long- term health issues, such as vision impairments, circulatory problems, and renal complications. To address these challenges, BioMed Healthcare Equipment has developed the Live Glucose Monitoring device (LGM), a state-of-the- art technology comparable in size to the popular Apple iWatch. The invaluable data collected by the LGM is seamlessly transmitted to MyHealth Medical Centres, an esteemed partner that collaborated with BioMed Healthcare Equipment in developing this groundbreaking product. However, while the LGM currently integrates smoothly with Apple iphones, it has yet to achieve full integration with all Android phones. Anticipating the need for broader compatibility, BioMed Healthcare Equipment plans to enhance the app's functionality, ensuring seamless integration with the Android operating system. Once the updated version is ready, MyHealth Medical Centre patients will enjoy free access to the app across all popular smart phones, while BioMed Healthcare Equipment seeks to offer the app for resale to other healthcare providers and potentially even government agencies. Through this remarkable collaboration and continuous refinement, BioMed Healthcare Equipment and MyHealth Medical Centres are setting new standards in medical technology, ushering in a future of more accessible and efficient healthcare for patients across the nation.Assignment Specications Background The healthcare sector constitutes the 3rd most substantial allocation in the Australian government's national budget, amounting to $98.4 billion. This allocation surpasses the national defense budget by nearly 2.9 times and the national education budget by 2.3 times (Commonwealth of Australia, 2021}. Analyst reports, exemplified by Deloitte's 2022 Global Health Care Outlook analysis report (Allen, 2021), consistently project a surge in global health care costs along with annual increases. Thus, the imperative for both the government and private medical providers lies in devising strategies to minimize costs and enhance efficiency within the health system. As the healthcare landscape grapples with clinical, operational, and financial challenges, stakeholders are envisioning a future empowered by data-rich digital technologies to transform business and care delivery models. Embracing digital technologies presents an opportunity to address current obstacles and establish a robust foundation for accessible, high-quality, and cost-effective health care. To realize this vision, all stakeholders must activer participate in shaping the future, moving away from a reactive "sick care" system that merely treats illnesses to a proactive approach focused on health care, fostering well-being, prevention, and early intervention. By working collectively towards this goal, the dream of a sustainable, accessible, and affordable health care model gains a higher probability of becoming a reality. In recent years, the healthcare wearable technology has garnered significant attention due to advancements in information technology and the growing concern for healthcare. The concept behind wearable technology is simple yet profound, representing a natural extension of how existing mobile devices, particularly smartphones, can serve as central hubs for low-powered, short-distance network ancillary devices that enhance user support and value. The commercial availability of wearable devices commenced in 2012, catalyzed by the introduction of Google Glass, which triggered a wave of wearable innovations. These wearable devices come in various forms and brands, including iWatch, Fitbit, Samsung Active wristbands, smartwatches, and many more. Notably, Chan et al. (2012) highlighted that one of the most significant applications ofwearable devices lies in the healthcare and medical elds. The healthcare wearable device market has witnessed remarkable growth, with a prediction by P&S Market Research indicating a staggering 51630.3 million market size by 2020 and a remarkable growth rate of 46.6% during the years 20152020. One of the standout features of healthcare wearable devices is their ability to combine health attributes with technological capabilities, providing users with real-time tracking and transformation of their health information (Chan et al., 2012). This integration of health and technology offers unique advantages, revolutionizing how individuals monitor and manage their well-being. As people increasingly prioritize their health, healthcare wearable technology has emerged as a vital and promising frontier in the quest for better and more accessible healthcare solutions