Tech Giants Are Making Their Way Into Healthcare

Credit: Create Health / CC-BY-SA 2.0/ Flickr

Andrew Wagner

Giant tech companies are developing strategies to disrupt the healthcare industry.

Giant tech corporations are developing strategies to disrupt the massive U.S. healthcare industry, according to Business Insider.

The United States healthcare industry is valued at around $3.5 trillion, and companies like Google, Apple, and Amazon want in. These companies have explored selling software and computing services, offering hardware, and have even alluded towards providing healthcare.

Amazon made its presence known by acquiring online pharmacy PillPack in 2018. Furthermore, Amazon revealed its new health clinic program in September, Amazon Care. Amazon Care allows employees to speak with doctors virtually and get in-home care that includes delivery of medication.

Google's healthcare strategy is more recent. On Friday, Google announced a $2.1 billion acquisition of FitBit. Google has many divisions exploring the opportunities available in healthcare, but specifically Google AI as it pursues a project to analyze medical images to aid medical professionals in diagnosing and treating patients.

Apple Watch has been Apple's main healthcare driver. The watch now has the capability to monitor heart rate, detect abnormal heart rhythms and track menstrual cycles. Furthermore, iPhones come equipped with the Health app, that monitors fitness and allows the data to be shared.

These are just a few of the tech giants hoping to break into the largely profitable and growing U.S. healthcare industry.

View the Full Story Here.


Economics, Finance and Investing