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What if a fitness tracker sitting on your wrist could detect COVID-19 before you even developed symptoms? An impressive new study claims this is not only possible, but preliminary investigations found infections can be detected nearly 48 hours before symptoms appear.
newatlas.com
Medical is the largest industry in the US, consuming four trillion a year, and fitness trackers/medical monitors have the potential to spot and monitor medical issues early. The health monitoring ecosystem will only get better as the bigger the data set gets larger and better the instrumentation the semi-industry brings forward. Advances in semis at all levels from more types of sensors at ever lower cost combined with 5G and big data will give us a better understanding of how our bodies function and solutions to the challenges. This could easily become the next worldwide mega market for semis of all types and even new ones we haven't even considered. This is the very beginning of a whole new ecosystem and trillion-dollar mega market worldwide. This is but one of the infinite uses to advance our health and well-being. It isn't hard to imagine health monitors become as common as the cell phone ecosystem and far larger since we spend more on health than any other area.
As a financial guy, I see this market/ecosystem could even surpass the cell phone market while lowering the cost of medical by spotting problems very, very early and big data acting as a guide to better health at far lower cost worldwide. This has the potential to make the world economy far more efficient and improve the quality of life worldwide. Any thoughts, observations, or extensions on this ecosystem greatly appreciated. How much do people/employers/governments spend on medical and it dwarfs the huge smart phone market by several factors.
I appreciate your optimism about lowering the cost of medical, however it possibly only lower the cost for providers, what incentive is there in a profit driven industry to lower prices to customers when its shown they already prepared to pay.
I appreciate your optimism about lowering the cost of medical, however it possibly only lower the cost for providers, what incentive is there in a profit driven industry to lower prices to customers when its shown they already prepared to pay.
If the US doesn't get medical costs and low quality under control, it will bring down the nation and themselves with it. This is the greatest single danger to the US. Most great empires fall from the inside, and the US will be no exception unless we reform medicine which has become our largest industry by far. Regulatory and structural changes are needed, and advanced technologies and automation on a large scale are now possible with the ecosystems the semi-sectors currently have available. What happens when medical takes 30% of every dollar, and that's we are heading?
If the US doesn't get medical costs and low quality under control, it will bring down the nation and themselves with it. This is the greatest single danger to the US. Most great empires fall from the inside, and the US will be no exception unless we reform medicine which has become our largest industry by far. Regulatory and structural changes are needed, and advanced technologies and automation on a large scale are now possible with the ecosystems the semi-sectors currently have available. What happens when medical takes 30% of every dollar, and that's we are heading?
newatlas.com