Desperate for Solutions, Diabetes and Obesity Healthcare Sectors Find Answers, Hope in Innovative Tech
September 23, 2021 at 09:05 AM EDT
NetworkNewsWire Editorial Coverage: Navigating today’s healthcare systems can be overwhelming. Outrageous costs combined with complex processes have created a healthcare system renowned for overpriced inefficiency; PolicyAdvice reported that in 2018, the global healthcare market topped $8.45 trillion, which represents about 10% of GDP in developed countries. Clearly the industry is desperate for solutions that both improve health outcomes and lower costs. As with many sectors, those solutions are found in technology. Savvy companies operating in the space are recognizing the power healthcare technology (healthtech) and medical technology (medtech) wield in offering next-generation innovation that answers the call to both flatten the healthcare spending curve and provide patients and providers with treatments that work. Already in place prior to COVID-19, the healthcare tech trend has only accelerated adoption of self-diagnostic and remote solutions that have been welcomed by all. Some companies, such as Nemaura Medical Inc. (NASDAQ: NMRD) (Profile), are focusing on specific areas of unmet medical need, including diabetes and obesity. Nemaura is joined by other astute companies, such as WW International Inc. (NASDAQ: WW), Teladoc Health Inc. (NYSE: TDOC), DexCom Inc. (NASDAQ: DXCM) and DarioHealth Corp. (NASDAQ: DRIO), who are also recognized leaders in these sectors as they work to provide…
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