Source: MedicalDevicesToday.com

This is the device industry’s wireless wake-up call. With all the speed and acceleration of an advancing information technology industry, forces outside of the medical device industry are driving shifts in medical product markets and business models. Those forces include the consumerization. globalization, systematization, and economies of scale created by IT. Wireless medicine enables connectivity between caregivers and patients, continuous monitoring of patients with chronic diseases, and a new paradigm for personalized medicine, one based on the patterns that can be gleaned from enormous volumes of individualized patient data, rather than on blood-based biomarker….

** Medical device companies have been trying to forge together the pieces—from a medical device mind-set—to coordinate the care of patients with chronic diseases.

** They’ve made clinical advances, but hit a wall as far as the business model of how to get paid in chronic disease management.

** Suddenly, it seems, the world of IT is advancing upon medicine, with all the speed and acceleration of that industry.

** The wireless revolution promises to connect patients to caregivers with new kinds of non-invasive sensors, mathematical algorithms of disease, and cell phones.

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