M2M Fights Heart Disease

8/14/2013
According to the Center for Disease Control, heart disease is the leading cause of death for both men and women in America. It kills hundreds of thousands of people every year. M2M and connected technology alone cannot solve the problem. But it can empower healthcare professionals with the information they need to act promptly and efficiently to save lives.

This week Medtronic, www.medtronic.com, a medical device technology company, announced the acquisition of Cardiocom, a healthcare technology developer and provider. With this new transaction, valued at $200 million, Medtronic hopes to cater its medical device offerings to a wider array of healthcare services and solutions.

The first area the company aims to focus on is the treatment of heart failure. Omar Ishrak, chairman and CEO of Medtronic, says the company’s emphasis on heart health gives it a unique opportunity to combine its diagnostics, therapies, and patient management solutions. This in turn aids in their ability to partner with providers and payers to reduce cost and improve quality.


“With the integration of Cardiocom, our portfolio of products and services will span the continuum of care for the management of heart failure, which affects an estimated 7.5 million people in the US and is a significant burden to the healthcare system – representing 1.1 million hospital visits per years in the US at a cost of $39 billion each year. We seek to reduce that burden on hospitals, physicians, payers and patients."

Medical devices continue gaining prominence in the world of healthcare, as evidenced by a new report from Markets and Markets, www.marketsandmarkets.com. The report says the market for vital sign monitoring devices will be worth $4,375 million by 2018. This represents a compound annual growth rate of 6.61% compared to the $3,148 million the market was worth in 2012. The report defines vital sign monitoring devices as machines which track blood pressure, respiratory rate, heart rate, and body temperature.

To some, connected healthcare may seem like a subgenre, or a niche which doesn’t necessarily reflect the industry as a whole. But if these financial figures are any indication, the words “connected” and “healthcare” may be becoming synonymous with one another. And if connectivity can contribute to the fight against conditions like heart disease, then ultimately the patients may benefit most of all.

Want to tweet about this article? Use the hashtags #M2M, #telehealth



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