Will Connected Health Save the Healthcare Industry?

The video discusses the rapid growth of the connected healthcare industry, projected to reach $612 billion by 2024. It highlights cost-saving potentials, with Accenture predicting $50 billion in savings by 2018. The segment explores breakthrough technologies like Bewell Connect's ECG device and the role of analytics in predicting health issues. It also examines market dynamics, noting competition between established companies and emerging players, and the importance of partnerships for market entry.

What is the projected market size of the connected healthcare industry by 2024?

• $100 billion

• $612 billion

• $300 billion

• $50 billion

Which company introduced a handheld ECG product that can be used at home?

• GE Healthcare

• Qualcomm Life

• Bewell Connect

• McKesson

What is the primary benefit of connected healthcare devices according to the transcript?

• Higher healthcare costs

• Real-time health monitoring

• Increased hospital visits

• Reduced data collection

Which of the following companies is mentioned as a longstanding player in the healthcare market?

• Teledoc

• Bewell Connect

• GE Healthcare

• Mobile Help

What strategy is suggested for emerging players to succeed in the connected healthcare market?

• Reducing product prices

• Forming partnerships with established companies

• Avoiding big data analytics

• Focusing solely on consumer products