Medical device companies, healthcare companies, and technology companies are among the array of new and established firms capitalizing on emerging technologies in healthcare solutions, including sensors, artificial intelligence, mhealth, bioinformatics, data analytics, and advanced software. Smart, connected medical devices result in better patient outcomes and improved healthcare decision-making, apart from the highly efficient diagnosis, monitoring, and treatment of patient conditions.
The arrival of the smart home brings with it a plethora of promising gadgets that strive to make things and life easier and smarter. Right from smoke detectors that send out alerts to your phone, light fixtures that can be turned on and off using a mobile app, and thermostats that adjust the temperature of the house automatically to smart electricity switches that make anything hooked up to them internet-enabled, internet-connected kettles, and smart home-security systems a remote-controlled home is no longer a futuristic fantasy.
Companies have realized the technological and economic feasibility of smart, connected home appliances and medical devices and Persistence Market Research helps these companies capitalize on the driving factors that shape the smart home and medtech markets.