They could really shake up the industry if they were able to make FDA trials quicker and more efficient.
When Apple announced, last year, that it was developing a watch that
had the functions of a medical device, it became clear that the company
was eyeing the $3 trillion health care industry; that the tech industry
sees medicine as the next frontier for exponential growth. Apple’s
recent announcement of ResearchKit shows that it has an even greater
ambition: It wants to also transform the pharmaceutical industry by
changing the way clinical trials are done.
Apple isn’t alone.
Companies such as Google, Microsoft, and Samsung and hundreds of
start-ups also see the market potential — and have big plans. They are
about to disrupt health care in the same way in which Netflix decimated
the video-rental industry and Uber is changing transportation.
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