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Better monitoring with smart medical devices
Medical monitoring devices already constitute a multibillion-dollar business, and with an aging population, the segment is likely to grow. Some devices are now being designed with network connectivity to allow doctors to monitor patients and patients to track their progress.
About 90 million people in the U.S. suffer from one or multiple chronic conditions, with diabetes, cardiovascular diseases, and respiratory conditions having the highest prevalence. These conditions are also the most suitable for medical monitoring devices.
Glucose meters and test strips are a multi-billion dollar business in the U.S. (industry data pointing to annual revenue of more than US$3 billion). Blood pressure monitors are another widely used monitoring tool for patients with cardiovascular risks.
