Healthcare Will Contribute a Sizable Portion of Future Earnings for Apple

In a recent note, I discussed how Apple was sponsoring theMIPACT study at the University of Michigan involving the use of Apple Watches + iPhones and home health monitoring (see:MIPACT Study Sponsored by Apple Provides a Preview of Home Health Monitoring). A recent article predicts that healthcare will be a major source of revenue for Apple in the future (see:Health care is one of Apple's most lucrative opportunities). Below is an excerpt from the article:Apple's opportunity in health care is so large with the Apple Watch that the company should soon generate tens of billions of dollars a year in annual revenue from wearables and health services. It's a nascent space for Apple and hard to predict how much money the company will make from health services as it potentially dives deeper into monitoring features such as blood glucose and blood pressure....Apple has a few key advantages over its technology rivals, including Alphabet and Microsoft, as it looks to move into the medical market and attack the $3.5 trillion health-care industry....Apple was able to recruit 400,000 people in less than a year for its Apple Watch heart health study with Stanford University, suggesting that people are willing to share their medical information with Apple. Beyond consumer device sales, the company has started to sign deals with health insurers who are willing to pay for some portion of the Apple Watch on behalf of their members. Apple has already inked that type of partnership w...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Diagnostics Electronic Health Record (EHR) Healthcare Business Healthcare Information Technology Healthcare Innovations Medical Research Predictive Analytics Preventive Medicine Source Type: blogs