Analyzing trends final

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Analyzing trends final

  1. 1. The Future of Consumer Health Technology By Jagrat Desai
  2. 2. People want to know, learn, track and own information about their own health.They want to learn what they can do with this information and how it can be implemented in their daily life. Hypothesis
  3. 3. http://www.quantcast.com/webmd.com WebMD attracts 16, 188, 098 visitors each month People want to take care and treat themselves on their own.They believe that the information they need is now available to them. Trend Forces
  4. 4. http://www.forbes.com/sites/danmunro/2012/12/23/top-ten-healthcare-quotes-for-2012-2/ -Vinod Khosla, co-founder of Sun Microsystems “Doctors can be replaced by software – 80% of them can. I’d much rather have a good machine learning system diagnose my disease than the median or average doctor.” - John Sculley, Former CEO of Apple and PepsiCo “Digital Health feels like the PC industry in the early 1980s.” Quotes
  5. 5. People want to know, track and own information about their health and well-being on their own http://mobihealthnews.com/14884/by-2016-400m-market-for-health-fitness-apps/ Trend Forces http://8bitfit.com/digital-activity-track- ing-statistics/ 75% of US adults own a
  6. 6. http://www.forbes.com/sites/danmunro/2012/12/23/top-ten-healthcare-quotes-for-2012-2/ -Tim Cook, CEO of Apple over the place right now.With the arc of time, it will become clearer.” Quote
  7. 7. http://newhope360.com/site-files/newhope360.com/files/uploads/US_Nutrition_Sales_Growth_Web.pnghttp://mobihealthnews.com/14884/by-2016-400m-market-for-health-fitness-apps/ Culture has continually become more and more conscious about health and nutrition. Trend Forces
  8. 8. Consumer HealthTechnologyTrends
  9. 9. Wrist bands and other wearables that track movement, sleep etc. Each have an accompanying app. Codes :Sporty,Quantify-able, Fashionable Fitbit | Jawbone | Fuel Band (97% of market) “wearable wireless devices in sports and healthcare will grow to 169.5 million devices in 2017, up from 20.77 million in 2011, aCAGR of 41%” https://www.abiresearch.com/press/wearable-sports-and-fitness-devices-will-hit-90-mi
  10. 10. There is an entire category dedicated to Health & Fitness apps on theAppleAppStore &Google PlayStore. Health & Fitness Category Apps “Sports, Health and FitnessApp use grew 49% in 2013.” http://blog.flurry.com/bid/103601/Mobile-Use-Grows-115-in-2013-Propelled-by-Messaging-Apps http://onworld.com/news/mobile-sensing-health-wellness.html
  11. 11. Growth of blood pressure monitors “The blood pressure monitor market is growing at a rate of 6.53%” http://www.resperate.com/science-research/demand-growing-for-blood-pressure-monitors and need to keep track of their blood pressure” http://onworld.com/news/mobile-sensing-health-wellness.html
  12. 12. Growth of glucose monitors “Glucose Monitoring Market Expected to ReachUSD 0.91 Billion in 2019” http://www.prweb.com/releases/2014/03/prweb11662579.htm
  13. 13. Glucose Monitor Market
  14. 14. Strong health oriented wearable tech trends
  15. 15. users and makers of self-tracking tools.
  16. 16. - the number of people using apps on their phones to track health increased from 9% in 2011 to 11% in 2012. This subculture has been covered by : http://techcrunch.com/2012/03/31/quantified-self-so-what/ http://live.wsj.com/video/david-cohen-and-radiate-talk-quantified-self/B3182FC7-D788-4A7F-A171-E0BEEDE7AE07.html#!B3182FC7-D788-4A7F-A171-E0BEEDE7AE07 http://www.economist.com/node/21548493
  17. 17. Tracking &Owning : People want to track information about their health, on their own and learn things about themselves. Quantifying &Ananlyzing all data points to huge growth in healthcare tracking technology - especially wearable Self-treatment : People want to be able to cure themselves, using all the information available online and the information they’ve collected. Renascence of useful technology:There is a growing fatigue in culture about status updates and the like - not having enough of an impact / value.Thus Privacy :The health market will demand privacy since it’s about private health. Culture will welcome individuals owning information rather than companies. Key Insights & Analysis
  18. 18. MeetCityMD.A healthcare facility based in NewYorkCity with a focus on urgent care. “CityMDUrgentCare values convenience, quality of service, and medical records and electronic pharmaceutical transactions ...” Client
  19. 19. Relevance to consumer health technology : -Could get access to consumer vitals. - Minimizes need for paperwork in services, since most data is digital. - Minimizes time spent in analyzing data since it is alraedy analyzed by the tracker/tech. City MD
  20. 20. CityMD is focused on “convenience, quality of service, and superior medical care.”The following are programs, services thatCity MD could start/integrate into their services : - Emergency preperation The patient’s tracking device can alertCity MD of an emergency and give his/her location, so thatCity MD can be prepared before the patient arrives. - Renting out and tutoring of wearable health tech patients how to use this equipment. Renting will be useful to patients who are temporarily ill early discharge, sinceCityMD can keep a track even after the patient leaves the hospital. Since one of the priorities ofCityMD is “convenience”, a service could entail seperate queue for patients with all their data ready. Recommendations to Client

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