@prabhakar, I agree that this is a good thing. The fact that is most impressive to me is that this is "medical grade". That means that a professional device can be had at a fraction of the price--and quite readily. I hope we'll see more of this type of thing.
The medical electronics market is expected to reach US$372.4 billion by 2018 primarily supported by the application sectors monitoring & surgical systems, imaging systems, diagnostics and medical therapeutics. Globally, medical therapeutics and imaging systems together account for approximately 52.9% of the market and are expected to support the medical electronics industry going forward. Geographical analysis shows that the highest Compounded Annual Growth Rate (CAGR) of 17.2% is anticipated from Asia-Pacific region during the analysis period, 2011-2018. Among the application sectors, monitoring & surgical systems account for the largest share of the entire market, driving a CAGR of 13.4% during the analysis period 2011-2018. Imaging Systems see as the fastest growing application with a forecast CAGR of approximately 16.9% by 2018. Along with the fast growth and rapid advancement in technology related to healthcare industry, the medical electronics expectations have increased innovatively for large numbers of incurable disease.
I found myself wondering wonder how much of this is mobile devices. According to a new estimate released a few days ago by ReportsnReports.com the total market will account for $9 billion in 2014. More impressive: The report estimates growth at a CAGR of nearly 40% over the next 6 years.
This would be one of the most advantageous use of technology for human beings. There are many countries where healthcare is not available to masses. But people can easily afford a smartphone, this would be very useful. And the transport is also not good that woman can go out to the clinic so this will be defintely be a great help.
THis is true. The equipment of such kind is not available in remote villages and if such App is available on a smart phone interface trhen even the semi trained staff at the rural health centers will be able to provide the necessary assistance to the needy paitents , in emergency situations.
I think organizations like WHO should fund such projects.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.