$3,000.00
In January 2015, Fortune reported that at $2.9tn, the state of the US healthcare industry is very strong and continues to grow. Additionally, a Top Issues report revealed that 40% of Fortune 50 companies pursued new healthcare partnerships in 2014. Given the rapid change in the healthcare industry over the last few years, it is no surprise that we are starting to see more non-traditional healthcare partnerships, specifically with big tech companies.
In January 2015, Fortune reported that at $2.9tn, the state of the US healthcare industry is very strong and continues to grow. Additionally, a Top Issues report revealed that 40% of Fortune 50 companies pursued new healthcare partnerships in 2014. Given the rapid change in the healthcare industry over the last few years, it is no surprise that we are starting to see more non-traditional healthcare partnerships, specifically with big tech companies.
Google, Apple, and a number of other technology companies, have all made announcements about collaboration and license opportunities with pharma and research institutions. Biotech and Pharma companies are built around biology and science, millions of dollars of investment, and lengthy clinical trials and tech leaders, like Google and Apple, see this as an opportunity. Both tech and pharma companies can build off each other’s strengths. Tech companies can digitize, better collect and analyze data. Biotech, research institutions, and pharma have the medical and regulatory knowledge to understand the biology and take a drug through the lengthy approval process. This collaboration would allow for companies to better understand diseases, in their origin and how to treat them.
With little information available about long-term goals and intention, we can only speculate about the changes that tech companies could create in the pharmaceutical and biotech industry. With additional investment and a new tech interest in the crossover between these fields, the pharmaceutical industry could be taking a big step towards finding cures, instead of spending a lifetime treating chronic illness.
Note: Part 1 includes information on Qualcomm and part 2 includes information about the partnership between IBM and Apple.
Disease Group Covered: | Allergy Autoimmune/immunology Cardiovascular Dermatology Endocrine ENT/dental Gastroenterology (non inflammatory bowel disease) Hematology Infectious disease Metabolic Neurology Not Specified Obstetrics/Gynecology Oncology Ophthalmology Orthopedics Psychiatry Renal Respiratory Rheumatology (non autoimmune) Urology |
Contents
Additional Information …………………………………………………………………………………………………………………………………………6
Apple…………………………………………………………………………………………………………………………………………………………………….6
Healthcare Information and HealthKit…………………………………………………………………………………………………………………7
Partnerships and the Integration with Traditional Healthcare Services……………………………………………………………… 7
Epic Systems and the Mayo Clinic………………………………………………………………………………………………………………………. 7
IBM……………………………………………………………………………………………………………………………………………………………………..11
Summary and Comments……………………………………………………………………………………………………………………………………15
ResearchKit…………………………………………………………………………………………………………………………………………………………17
Mobile Apps and the Integration with Healthcare……………………………………………………………………………………………….17
Current Use of Apps in Clinical Trials ………………………………………………………………………………………………………………..21
Summary and Comments…………………………………………………………………………………………………………………………………..22
Table of Figures
Figure 1. Summary of how information is transferred through HealthKit to Epic’s MyChart app………………………9
Figure 2. Snapshot of the Mayo Clinic app………………………………………………………………………………………………………….10
Figure 3. Top 10 indications in clinical trials using iPhone apps for patient monitoring…………………………………….21
Figure 1. Summary of how information is transferred through HealthKit to Epic’s MyChart app
Source: VentureBeat.com 09/17/2014
© Informa UK Ltd. This document is a licensed product and is not to be reproduced or redistributed
Do you have a subscription to Datamonitor Healthcare, Biomedtracker or Meddevicetracker? You may already have access to these reports, contact your account manager or email pharma@informabi.com for further help or assistance.
Sign up to the Pharma Intelligence Report Store Newsletter to get the latest blogs, news, reports and discounts!