MHEALTH MARKET ANALYSIS

Market News

Recent Developments

New product launches

• On April 19, 2023, Oraichain, an artificial intelligence-powered oracle and blockchain ecosystem supplier, announced the launch of a cutting-edge healthcare platform, BlockAI.Care, on its ecosystem. The comprehensive application integrates multiple, AI-powered models to provide an all-in-one platform for people to keep track of their health.
• In October 2022, ALYKA Health, a health technology company, announced the launch of a mobile application that will serve as a digital health assistant for individuals and their families. ALYKA, available on iOS and Android devices, places the opportunity for better health into consumers’ hands. ALYKA reviews major risk factors for heart disease and integrates with patient health records for curated essential health data.
• In April 2020, Google Inc., a global technology company, announced the launch of the Google Cloud Healthcare API platform. This software is designed to enable data exchange between solutions built on Google Cloud and healthcare applications.

Acquisitions and Collaborations

• On May, 25, 2023, Medtronic, a medical device company, announced the acquisition of EOFlow Co. Ltd., a manufacturer of the EOPatch, a tubeless, wearable and fully disposable insulin delivery device. The addition of EOFlow, together with Medtronic's Meal Detection Technology algorithm and next-generation continuous glucose monitor (CGM), is expected to expand the company's ability to address the needs of more individuals with diabetes.
• In October, 2022, GE Healthcare, a healthcare company, announced a collaboration with AMC Health, a virtual care and remote patient monitoring company, to offer remote patient monitoring (RPM) as a virtual care solution that extends patient care outside the hospital to the home environment.
• In November 2022, Hartford HealthCare, a global healthcare network, entered a long-term partnership with Google Inc., a global technology company, for the advancement of the healthcare system with improvements in data analytics, digital transformation, and enhancement of delivery care & patient access.