Race Among Medical Devices and Doctors: Analysis

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Originally posted on ScienceRoll:

For some time now, I’ve been forming a think tank that would focus on issues related to the future of medicine. As a first step, we decided to address the issue of the changing world of medical devices and how such changes might affect the lives of medical professionals and patients. Please feel free to comment on this analysis.

If we take a look at the possible scripts of the market competition in the health sector, we can make few predictions on the patients’ experience. The competition among the medical device manufacturers and the globalized competition among the high skilled health workers have significant social effects.

There are heterogeneous, jammed and loud worlds like in the motion picture Fifth Element, where many types of doctors and devices form the healthcare system. There could be a low-end/high end distinct health market, where the wealthy ones could afford a real-life practice, but the…

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Digital health market soars as consumers take control of their bodies

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Originally posted on VentureBeat:

shutterstock_114258643Count Tyrone Rugen from The Princess Bride wisely said, “If you haven’t got your health, then you haven’t got anything.” While he is an unsavory, six-fingered coward, his point that good health underlies everything is an important one.

Seismic shifts are occurring in the health industry. Policy is changing at the federal level, cultural attitudes about wellness are evolving, and new forms of technology are transforming the way patients relate to their bodies and the way clinicians practice medicine. One of the most important trends to watch is the growth of the digital health sector.

Today, health technology accelerator Rock Health released its 2012 Year-End Funding Report. The findings indicate that digital health technology will continue to thrive and become an increasingly significant part of health care industry, as well as the entrepreneurial ecosystem.

Venture capital funding of digital health grew dramatically in 2012. Investors funneled 46 percent more…

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