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According to The Economist, it is not oil but rather data that represent the key resources of the 21st century (2). Advances in technology, data science and healthcare policies have resulted in tremendous growth in the volume, sources, and utilisation of healthdata and real-world evidence. 2018 Jun; 30(3): 277–284.
Billed as the first and largest telemedicine company in the United States, Teladoc Health was launched in 2002 and has acquired companies such as BetterHelp in 2015, Best Doctors in 2017, and Advance Medical in 2018. In 2018, Teladoc acquired Advance Medical, a provider of home health care services.
In 2019, Fitbit unveiled a more data-driven personal health subscription service for consumers that, among other features, generates personal reports that a user can download and share with their physician, nutritionist or personal trainer. Best Buy Health also offers on-demand social work services, including medication management.
I know that my data alone is worth nothing. What could the revenues generated by using this data to help treat disease look like? The global drugdevelopment market is estimated to surpass $100bn by 2027. House of Lords: September 6th, 2018. " The value lies in sharing safely."
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