Why would this automotive company venture into healthcare?

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Why would this automotive company venture into healthcare?

If you are wondering about which company are we referring to; it is Toyota.

Yes, Toyota has recently partnered with Dean Kamen, the inventor of Segway, human transporter, to develop intelligent wheelchairs for disabled and aged people.

As a part of the partnership, Toyota gets to use Dean Kamen license on balancing technology, that he used in IBOT wheelchair earlier.

Now question that arises is why automotive pioneer wants a bite of healthcare?

We all know technology companies regard healthcare as most lucrative market, and are paving their way into futuristic devices via alliances and partnerships.However no healthcare focussed activity had been viewed from Auto motive players ( Except for this one off course).

Now let us come to the answer on what drove Toyota down this healthcare lane –

Its not a random turn of events but a well thought out initiative of Toyota, where the company had allotted USD 1 billion dollar for developments around artificial intelligence and robotics.

This partnership with Dean Kamen aligns to its robotics vision, and happens to be nothing but a small picture in overall frame of ROBOTICS.

Its good to see that companies like Toyota are putting the core technical know how to better healthcare solutions.Further it would be awesome if more non-core companies came together  to carve out novel healthcare solutions.

Catch here is, Toyota is contributing to medtech by materializing its core industry strengths, now that is a learning which other non-medtech peers can take from this partnership.

Story taken from Bloomberg.

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Will this vision of Uber change the face of healthcare?

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Image Source: Buzz Feed

Healthcare industry is witnessing pour in from multiple sector. Be it IT, technology or any other industry; behemoths of all industry are just lining themselves up to get a bite of the healthcare industry. Recently we have seen IBM, Google, Facebook, Microsoft, Apple; all making their healthcare venture plans, by developing one or the other products. New in line is Uber, who in late 2015 commenced its healthcare journey by hosting Uber Health campaign.

Campaign was focused in making flu shots available to the patients at door step.The campaign was available for 4 hours and involved availability of nurses in Uber cabs. Flu shot was available at US 10$ a shot, and was targeted to deliver dosages for 10000 patients across 36 cities.

Uber’s healthcare move became more relevant as news of company hiring John Brownstein,director of the Computational Epidemiology Group at Boston Children’s Hospital came into limelight.

Though currently tagged as speculation, it would not be wrong to assume that company has some well thought strategy to contribute to healthcare fraternity.

Just letting our imagination get little wild here, we can think of time when Uber is delivering doctors at your door step to give you an immediate care or patients been driven to hospitals for regular check-ups. But again all this is just speculation.

Some of the other activities that adds little seriousness to this speculation was Uber’s recent partnership with Practo, a doctor appointment setting app. Where the latter suggested patients to use Uber for the travelling to desired Hospital or clinic.

While the company’s claim around the speculation remains unanswered, some of the start-ups like Pager, Mend and Heal are calling themselves as Uber of healthcare already.

As a representative of medical device trends, we can just speculate and blog about upcoming healthcare ventures, with time alone taking a command of actual scenarios. But we always look to jolt interesting stories like these for the readers.

Content was taken from Buzzfeed feature, click URL to read the complete story.

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APAC Healthcare Landmarks: In 2015

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Image Source: Thomson Reuters

Ever changing healthcare industry behaved as expected in the year 2015. It embraced growth, looked at billion dollar M&A deals, expanded capacity, involved itself in cross industry partnerships and much more.

Developed markets continued to have steady growth while emerging markets remained potential targets.

Speaking of emerging markets, these markets not just welcomed venture of western companies, but in some cases welcomed new trends and policies too.

According Global Growth Markets feature, following were some landmark deal that geography experienced, in order to reach long awaited healthcare sector maturity.

We would like to bucket this trends under various categories namely:

  • IOT related
  • Demand and supply related
  • Regulations
  • Others

IOT

– aka. Big Data, aka. Telemedicine  included all the developments ranging from investment on e-health in Australia, to Singapore coming on board with I-PADS and other portals for patient rehabilitation. It was not just these regions that opened their arms for IOT and its associated products, regions such as China, Myanmar and other emerging markets also expressed interest to tap into extreme potentials of internet of things.

Demand and supply related

While emerging market growing demand is no myth, with their average figures witnessing a continuous growth Y-o-Y, some geographies such as Brazil surprised the industry by buying less of medical equipment than its previous fiscal year.

Supply on the other side was on better position from all the angles. GE plugged in USD 1 billion in Indonesia, Malaysia- came on medical device manufacturing map by scaling its international technical know how and providing right infrastructure and taxation norms to global companies.

Regulations

At regulation front, two important news that remained as talk of the town were:

1.India opening up for 100% FDI for medical device sector.

2.And China outlining regulatory norms for online sales of medicine.

Others

Besides aforementioned activities, ASIA also viewed formation of Asia Pacific Medical Device Association, a consortium formed by behemoths such as BD, Medtronic, Philips Healthcare and Others.

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Note: Though the focus of the feature has been around APAC, regions such as Brazil are also outlined in the discussion.

Can origami contribute to microscope making, and introduce world to better health?

The answer to the above question is yes, it can , or wait, it already is.

When we think about origami first thing that comes into our mind is swan which was made by one of the origami enthusiast ( one that exists in every friend circle I assume). However when one such enthusiast makes microscope out of the skill set , its just awesome.

IITian alumnus, Manu Prakash has developed a foldable microscope which has capability of revolutionizing the global health. The claim stands on basic foundation, which is, if you can show people organisms that cause disease, and indicate their presence in individual’s vicinity, they will try getting rid of them.

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Image Source : CNN IBN

The use and throw microscope creator has his own laboratory in Stanford, and is believer of the strong connect that exists between science education and global health. He believes until and unless you are able to showcase people about small scale word encompassing bacteria, viruses and others, there is very less chances of they changing their mindset about diseases.

The foldable device as shown in the figure above has capability of magnifying the size by 140 times. Further it also has lens that can be positioned on your mobile phone to record the image that you are viewing through the portable microscope.

Development of disposable, cheap, use and throw technologies are on peek in recent times, mainly because there is dire need of affordable solutions at every facet of day-to-day activity.

Device embraces this affordability clause and is not just a unit of bettering healthcare but is also a platform that can help millions of students world wide to educate themselves about science, by helping them view tiny micro-organisms, a view which was barred to them on the account of cost associated with these similar devices.  According the journals claims each of this unit could be printed in 50 cents, now if this is not WOW thingy, I do not know what is?

While developers across the world eye for creating products which deliver exceptionally good solutions at cheaper rates, corporates are plugging in enormous resources in their R&D spend. The cat mouse run of these two will continue to be most interesting race to watch. However at this point of time I guess its the score for University, needless to say, if the same has to be taken to the wider crowd the developers will need the support of big pockets of ” Corporate”

Key Takeaway:

  1. Innovation is merging with affordability, where its breaking the traditional line, that is, “Innovation comes at a price”
  2. Universities are now not targeting products centred around developed regions but towards emerging markets, where key is affordability.
  3. Disposable products are likely to be future of the industry, or will it not?

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Top med tech stories from previous day 19/03/2015

Medical device trends brings you top 3 stories from previous day. As these features remained at the forefront in terms of tweets , views and discussions, we bring you quick snapshot of their content. Below are top three stories purely based on their social media coverage, popularity and relevance:

Download your copy by clicking: Medical Device Trends News Letter 14

Below is image snapshot of the same:Medical Device Trends News Letter 14

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Facebook’s Foray Into Healthcare

Facebook

Image Source: nbcnews.com


Introduction:
Facebook(https://www.facebook.com/) already has good understanding of who your mates are or what are your areas of interest, however soon it will know what is your health status. Confused!!! Don’t be….We are quiet serious about this claim….