The future of medical devices is looking bright, with the rise in predictive analytics using big data. This technology is able to learn from experience (data) to predict future behaviour in order to drive better decisions. This means that medical device companies will be able to anticipate millions of data points and understand the potential links between them. This will allow patients to make more informed decisions about their medication and overall health.
With the rise of predictive analytics, data captured from medical devices is becoming increasingly valuable. By effectively utilizing this data, medical professionals can gain new insights that can have a significant impact on patient care. New technologies are making it possible to effectively capture and utilize this data, making the medical device industry more efficient and effective.
Medical device company Medtronic has teamed up with IBM to create a new mobile app that provides real-time insights into glucose levels for people with diabetes. The app, called the Diabetes Management System, uses predictive analytics to anticipate millions of data points and understand potential links between glucose readings, drug administration, and lifestyle choices. This information can then be used to help patients make more informed decisions about their medication.
Propeller Health, a digital therapeutics company, has developed a platform for chronic respiratory disease that uses machine intelligence to help individuals manage their medication. The data is sent via Bluetooth to a smartphone app that uses machine learning algorithms to gather valuable insights. This predictive analytics technology can be developed further, such that a clinical data analytics system may flag a patient at risk for a certain condition based on a pattern of medical device readings. The ability to correlate synchronous data from multiple anatomic locations may provide insights that cannot be achieved through single-device data analysis alone.
Source: https://www.medicaldevice-network.com/comment/medical-device-industry-growth/