While previously the focus of smaller firms and startups, industry giants like GE Healthcare and Siemens AG are putting forth a vision that more closely reflects those of their less influential peers. The implementation of strategies that involve cloud-based solutions, connectivity, and patient-based software options is a significant step forward in the evolution of 21st-century healthcare.
“The emerging field of health tech marries traditional medtech (e.g., medical devices) with state-of-the-art consumer electronics technology, digital marketing, e-commerce, and social media tools to create an entirely new class of products and solutions. Where traditional medtech catered exclusively to physicians and hospital systems, health tech is more likely to be consumer-facing, bringing new tools and technologies directly to patients. It’s also more focused on preventive care, enabling patients to better manage their health before their phys
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