Life science meets lifestyle: Market opportunity where professional medical and consumer health technologies converge
For at least the last decade, there has been a quiet revolution underway in the healthcare field. A number of important cultural, technological, and demographic trends are increasingly putting more control into the hands of patients themselves to manage their health. This transformation has an enormous potential to change how medicine is practiced and how the healthcare system as a whole operates.
In many cases, the catalyst for this change has been new technologies that have taken advances made in the realm of professional medical products and modified them for use by patients in a consumer environment. In recent years, highly-advanced technologies have been increasingly rolled out to consumers themselves. Some of the best examples of this “convergence” between professional and consumer devices are automated external defibrillators (AEDs), blood glucose monitors, insulin pumps, home diagnostic kits and remote patient monitoring systems.
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