By Adam Lotia
Diabetes is something I’m familiar with, my extended family, close friends, and my father has it. There are daily rituals of pricking fingers, measuring out glucose, finding the right pills or a litany of other things to make sure everything is in balance and everything is in check still.
While we start connecting things and making things smarter, one of the big areas of growth is healthcare and this is the exciting area to see first hand. With diabetes affecting 30 million adults and children in the US and 1.7 million diagnosed every year according to a survey by the American Diabetes Association. There is a lot to start tackling with making treatment smarter for diabetes.
A patch came out yesterday that is smart and carries 100 tiny needles that automatically detect and dispense the right amount of insulin. While this patch is not connected yet and there fore not truly IoT. There are many other things coming out in the market that are connected and healthcare IoT to start aiding in diabetic care. Take for example the Telcare glucose meter and monitoring platform that is connected via the cellular network. The device lets you monitor your glucose levels and connects to the cloud keeps track of all of your readings for you, even reporting back through the device if your levels are in balance.
Why would the patch announcement be interesting to see? Well for two reasons, it reminds us there is healthcare tech we should be looking out for like the Telcare devices, and we can see were devices like the Telcare glucometer are coming from. Devices like the patch and connected glucometer are important because in the healthcare space we are looking for two things, generating revenue and saving money. The new connected healthcare devices will make us save a lot in health care and productivity costs. According to the American Diabetes Survey, same as listed above, Americans spend $176 Billion in direct costs and have roughly $69 billion in disability claims and lost or low productivity claims. With better tools to help us intelligently diagnose and treat and with technology advances we will start seeing more in the connected health care space. The Telcare device and the nano patches are just the tip of the iceberg to many more connected IoT healthcare devices in the market or coming that are making a difference.