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Chronic conditions cost the U.S. healthcare system $3.1 trillion dollars in 2019, and the burden of ongoing treatment and compliance impacts patients and providers alike. A recent mSafety study shows that U.S. consumers would be interested in using more remote health monitoring devices. Find out what else we learnt from our survey.
What hurdles and decisions await new market entrants?
In an effort to minimise the risk of contamination from COVID-19 and to step in early when it strikes, health tech providers around the world are looking to virtual care solutions such as connected wearables. Suitable for healthy as well as at-risk individuals, they offer unobtrusive remote monitoring to keep people safe without the need for face-to-face contact. But developing such an offer is not simple. Our US expert outlines the challenges for companies looking to enter this increasingly competitive market.
COVID-19 is making health providers think differently about the use of remote monitoring services. It is challenging the idea that such services are only relevant for the elderly or those living with chronic conditions. And it is shining a light on the need for early detection – not only for use in triage by healthcare providers, but also to avoid further spreading of the virus.
When we emerge from the corona pandemic the business landscape will have changed. We can expect a restructuring of supply chains, greater localisation, more automation and a shift in the balance between human capital and artificial intelligence. In order to prosper, companies will need to do things differently. What can they do now to become more ‘future-fit’?
Intended for users with an active lifestyle, the mSafety wearable device is designed to withstand the toughest conditions. Recently, our experts tested it for adherence to global Sony quality standards. Here we outline a few or the many standard tests conducted on the device.
The main purpose of the new SafeTrx application with mSafety wearable from Sony is to help locate and rescue water sports enthusiasts who run into trouble at sea. We tested it with groups of professional and amateur volunteers in Norway and The Netherlands to find out just how much salt water and bad weather it can handle.
Many once-fatal conditions can now be successfully managed. That’s obviously good news. The only downside is that an increasingly large number of people now require continuous health monitoring, which is expensive for healthcare providers. To manage this situation, the healthcare segment is moving towards a more proactive approach.
Healthcare providers urgently need an effective way to support the elderly and those with chronic health conditions in their home environments. We’ve been examining what it takes to solve this challenge…and solving it!