Tech: Gadgets Are Transforming Healthcare Industry

No doubt about it – from yoga retreats to healthy options at McDonald’s, the world is on a health kick. Unsurprisingly, as customers from all corners of the earth begin to seek out ways to incorporate health into their lives, tech companies are trying to give them ways to do so!  “There’s been an increase in the number of tech health care transactions that have come into the Australian market,” Nicholas Young from Otsana Capital, based in Perth, Australia. “That’s a massive sector and a huge valuation that can be attributed to something that’s quite simple but can save governments and health organizations around the world lots and lots of money … and keep us living for longer.” At this week’s Slush fair, a gathering of 800 investors and an estimated 15,000 participants worldwide, health devices took center stage. Companies presented “wellness” computers to monitor one’s pulse, health rings, pacifiers, and even smart rollators for the elderly.  Jyrki Kasvi, a Green Party lawmaker, believes that new health technology will benefit people and governments of the future, “This is an extremely important field, both for the technology side and for health services. In the future, there’s no way we’ll be able to afford having people running from lab to lab to be tested and measured if we can monitor them with gadgets.”

Contributor: Phoebe Roe

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