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Right now Apple is sitting on a cash pile of 200 billion dollars and a dominant position in a few markets. Some believe Apple can't continue the pace of growth they have maintained, but medical and medical related markets offer Apple many opportunities in the tens of billions and that's just in the US. The iphone could become a gateway for many more medical devices than it already is and a staggering market for health monitoring and diagnostics. US medical alone is a four trillion dollar market and it isn't a stretch that Apple could take a few pieces of it and add one hundred billion dollars with a well thought out ecosystem comprising of testing and diagnostics alone and cut medical costs in these areas dramatically. This area is also a very, very large market for semis of all types and the use of AI/ML as the ecosystem using it accumulates a staggering amount of data that could further our ability to maximize our health to its full potential. Already there are active medical semis that have improved and enhanced the lives of many. Medical is an area that is begging for radical change to lower costs and increase quality in just about every area it touches.
Well, Apple has been trying to get into the medical market for a long time now (a decade at least?) with no success to speak of. Apart from the PR releases about this hospital trying to do something with iPhone or that hospital trying to do something else with Apple Watch (probably always sponsored by Apple) there is nothing to indicate that Apple is making any progress. Their business model generally goes against everything business customers would need: public roadmap, long term support for their products, choice of hardware OEMs etc. That's why all businesses use MS software and not Apple's. As it happens, Apple Watch is constantly trailing Samsung watch in terms of available medical sensors/features. But this is not really important. It may take decades for technologies that are meaningful from the medical perspective and yet miniature enough to fit into a wearable device to emerge. Most medical sensors on the smart watches now (apart from the heart rate sensor) sort of work but are not really accurate enough to make a real impact. The smartphone is useful as a communication device for many fields including health care. However, to be viable all health services have to support all available platforms (especially the dominant ones like Android). It's hard to see how Apple can get anything special going here.
Right now Apple is sitting on a cash pile of 200 billion dollars and a dominant position in a few markets. Some believe Apple can't continue the pace of growth they have maintained, but medical and medical related markets offer Apple many opportunities in the tens of billions and that's just in the US. The iphone could become a gateway for many more medical devices than it already is and a staggering market for health monitoring and diagnostics. US medical alone is a four trillion dollar market and it isn't a stretch that Apple could take a few pieces of it and add one hundred billion dollars with a well thought out ecosystem comprising of testing and diagnostics alone and cut medical costs in these areas dramatically. This area is also a very, very large market for semis of all types and the use of AI/ML as the ecosystem using it accumulates a staggering amount of data that could further our ability to maximize our health to its full potential. Already there are active medical semis that have improved and enhanced the lives of many. Medical is an area that is begging for radical change to lower costs and increase quality in just about every area it touches.
Right now Apple is sitting on a cash pile of 200 billion dollars and a dominant position in a few markets. Some believe Apple can't continue the pace of growth they have maintained, but medical and medical related markets offer Apple many opportunities in the tens of billions and that's just in the US. The iphone could become a gateway for many more medical devices than it already is and a staggering market for health monitoring and diagnostics. US medical alone is a four trillion dollar market and it isn't a stretch that Apple could take a few pieces of it and add one hundred billion dollars with a well thought out ecosystem comprising of testing and diagnostics alone and cut medical costs in these areas dramatically. This area is also a very, very large market for semis of all types and the use of AI/ML as the ecosystem using it accumulates a staggering amount of data that could further our ability to maximize our health to its full potential. Already there are active medical semis that have improved and enhanced the lives of many. Medical is an area that is begging for radical change to lower costs and increase quality in just about every area it touches.
Disclaimer: Fanboy and upvoted. Apple plays the long game. Best example? Look at Apple growing share of the PC market over the last 2 decades and still taking share today. Likewise, Apple's services business nearly reached $20B last quarter. It's on track to exceed $100B in FY 2023. Apple will find ways to help improve health and generate revenue. Sit back and enjoy the show.
