The Journal of mHealth Vol 3 Issue 3 (Jun/Jul 2016) | Page 10
Industry News
Industry News
AI Recommendation Solution to
Find Public and Private Health
Services and Products
with mental health issues via video call,
messaging and in-person. Your.MD users
in Scandinavia will also be able to have a
remote consultation with an experienced
healthcare professional via HelseTelefonen. Daily Yoga has also integrated its
wellbeing app to provide intuitive and
comprehensive yoga training, while various additional services will be provided
by the NHS to UK residents.
Your.MD’s launch partner, Samsung S
Health - on which Your.MD is available
on 400 million Samsung Galaxy Phones and existing telemedicine service, Allianz
Global Assistance, are already benefiting
from the app’s global footprint on iOS
and Android devices and from the growing number of users accessing the service
through chat on Slack, Telegram and now
Facebook Messenger, WeChat and Kik.
Your.MD launched the beta version of its
AI Personal Health Assistant in November 2015 on iOS and Android platforms,
marking the world’s first Personal Health
Assistant to offer medical guidance
through end-to-end AI, together with
Machine Learning and Natural Language
Processing. Your.MD has been researching and developing its AI offering since
its establishment in December 2012. n
Internet of Things (IoT) Healthcare
Market is Expected to Reach
$136.8 Billion, Worldwide, by 2021
Your.MD, the Artificial Intelligence (AI)powered Personal Health Assistant that
offers personalised, trustworthy and free
health advice to everyone with a mobile
phone, has revealed the launch of OneStop Health - a new service that enables
users to find relevant and trustworthy
public and private health services and
products to help them get better faster.
With OneStop Health, Your.MD is the
first one-stop- shop in digital health to
allow people to take full control of each
stage of their health issues: from understanding their symptoms to finding the
best treatment - all via a chatbot.
The launch takes place as Your.MD
adds Facebook Messenger - 900 million
monthly active users, predominantly in
the West - and WeChat - 700 million
monthly active users, predominantly in
the East - to the list of distribution platforms on which its AI Personal Health
Assistant is now available.
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Your.MD’s OneStop Health empowers
mobile users to find the safest and most
suitable health service providers and
June/July 2016
products. OneStop Health is the final
element of Your.MD’s 3-step service that
enables people to get answers to the 3
fundamental health questions:
1. What’s wrong with me?
AI understands what the user is suffering
from
2. What’s the most likely solution?
AI will find the most relevant condition
and offer a solution
3. What services are available to help me
get better?
If needed, AI will propose the best free
and premium 3rd party services from
OneStop Health
Focusing initially on five key areas - prescription medicines, mental health, telemedicine, specialist services from the
NHS, and integration with other self-care
apps - Your.MD’s OneStop Health fills
a gap in the market for a one-stop-shop
where people can go to find best-in-class
health service providers and products, at
anytime, anywhere in the world, that are
relevant to their unique circumstances.
Matteo Berlucchi, Your.MD’s chief
executive, said: “Your.MD is truly
revolutionary and can make a seismic
impact on the global healthcare system
by providing accessible, trustworthy and
instant healthcare to everyone with a
mobile phone. Our OneStop Health is
an integral part of our vision; if you can’t
get to your doctor or need to get a blood
test, a prescription or make an appointment to see the best local specialist, Your.
MD can facilitate it - safely and responsibly by connecting you to the best service
providers and products who can help you
get what you need.”
Your.MD’s OneStop Health launches
with several services already integrated.
HealthExpress will provide Your.MD
customers with an online clinic that, following a free remote consultation with
a doctor, can dispense online prescriptions. The free, next-day delivery service - or same day delivery for London
postcodes - will initially be available in
the UK, with plans to roll-out across
Europe. Reputable online psychotherapy
platform, PlusGuidance will provide a
24-hour on-demand service for patients
According to a new report published by
Allied Market Research titled, "World
Internet of Things (IoT) Healthcare
Market - Opportunities and Forecasts,
2014-2021", the world internet of things
(IoT) healthcare market is expected to
reach $136.8 billion by 2021, registering a CAGR of 12.5% between 2015
and 2021. Services and system & software segments collectively occupies a
dominant share in the world IoT healthcare market and is expected to drive the
growth over the forecast period. Patient
monitoring application segment is
expected to maintain its lead position
with $72.7 billion by 2021.
The world IoT in healthcare market is
anticipated to grow at a significant pace,
owing to easy availability of wearable
smart devices, increasing need for stringent regulations and decreasing cost of
sensor technology. Furthermore, launch
of technological advanced devices (smart
shirts, smart lenses, smart bands and
others) & analytics software, rising incidence rates of chronic diseases, surging
demand for cost-effective treatment &
disease management, better accessibility
of high speed internet and implementation of favorable government regulatory
policies, are also expected to fuel the
growth of this market.
Improvement in healthcare infrastructure in developing economies, increase in
government support, high R&D investments by major players for developing
better IoT infrastructure are expected to
offer potential growth opportunities to
the market.
However, factors such as high costs associated with IoT infrastructure development, data privacy and security concerns,
lack of awareness in developing economies and limited technical expertise are
projected to restrain the market growth.
Services segment contributed for more
than half of the market share in the overall IoT healthcare market in 2015. The
segment covers architecture services for
integration, consulting services for training & teaching and application development services for support & maintenance. Additionally, devices segment is
expected to grow at highest growth rate
during the forecast period owing to novel
technological advancements and increasing popularity of wearable sensor devices.
Patient monitoring application segment is projected to dominate the market throughout the forecast period. The
patient monitoring segment covers inpatient hospitalised patients, remote
patient monitoring and tele-health services. High adoption of IoT services in
remote patient monitoring and growing
awareness among individuals would further foster the growth of patient monitoring segment.
Key findings of the study:
»» Devices are projected to be the
fastest growing segment in world
internet of things (IoT) healthcare
»»
»»
»»
»»
market at a CAGR of 16.6% during
2015 and 2021.
Patient monitoring application segment is expected to continue to dominate the world internet of things
(IoT) healthcare market throughout
the forecast period.
Healthcare providers (hospitals, doctors) and patient’s end user segment
would continue to lead the market, accounting for more than three
fourth share in 2015.
Fitness and wellness measurement
application segment is expected to
grow at a CAGR of 15.7% during
the analysis period.
Asia-Pacific is projected to be the
fastest growing region in internet of
things (IoT) healthcare market, registering a CAGR of 17.0% during
2015 and 2021.
The North American internet of things
(IoT) healthcare market is projected to
offer beneficial growth opportunities
during the forecast period owing to well
established healthcare infrast ructure,
high patient awareness, increasing government supports and high investment
from major IoT players.
The key companies profiled in the report
are Apple Inc., Cisco Systems Inc., GE
Healthcare Ltd., Google (Alphabet),
International Business Machines Corporation, Medtronic PLC, Microsoft Corporation, Qualcomm Life Inc., Proteus
Digital Health, Koninklijke Philips N.V.
and St. Jude Medical Inc. n
The Journal of mHealth
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