Category: Baystreet Newswire
Company: TDM Financial
Medical devices may be finally ready to cut the cord after the
Healthcare companies like General Electric Co. (NYSE: GE) and
"It really helps to manage the wires and get patients out of bed [and] that is a big deal," said
Investors looking to capitalize on the growth in wireless medical devices have a number of options, ranging from blue chip medical device manufacturers to smaller pure plays.
General Electric is developing a range of wireless medical devices for hospitals to monitor vital signs and analyze that data, while Philips is working on wireless respiratory monitors and related technologies designed to make patient monitoring easier and more effective. According to one study by the
In the meantime, wireless providers like Verizon Communications Inc. (NYSE: VZ) are creating platforms for smaller device-makers to build atop. For instance, The Verizon Wireless Converged Health Management ("CHM") Device recently secured a Class II 510(k) clearance from the
Companies like Medtronic Inc. (NYSE: MDT) offer similar services to help physicians monitor patients remotely. For example, its CareLink remote patient monitoring service provides 24/7 access via a secure internet portal to a wide range of trended reports offering information comparable to an in-office visit. The reports can even be exported to hospital networks or HER for greater accessibility and clinical documentation.
A Profitable & Growing Pure-Play
During fiscal year 2013, the company reported revenues that increased 120% to
Management plans to continue this growth by introducing new OEM wireless products, like its new SDIO card, as well as by introducing wireless home medical devices of its own, including its solar toothbrushes coming out next year. The wireless OEM products should help ensure that its existing recurring revenues remain growing and in tact, while the retail expansion strategy could increase long-term shareholder value by moving up the value chain.
Learn more and sign up to follow
Investing in Wireless Medical Devices
Investors have a number of different options when investing in the wireless medical device revolution. Blue chip medical device manufacturers, like General Electric or Medtronic, offer relatively stable plays in the space, while wireless providers like Verizon are building the platforms that may ultimately support standardized devices. But, these large companies may only receive a small boost to their growth over the long-term with the transition to wireless.
Those looking for a pure-play in the space may want to look at companies like
EGC is a marketing and consulting firm that specializes in creating ongoing communications strategies for public and private companies.
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx
Most Popular Stories
- Twitter Coming to Phones Without Internet
- Entravision Initiates Quarterly Cash Dividend
- NASA Fellowships, Scholarships Bring Diversity to Workforce
- Dish Network Leads 2013 Top 50 Advertisers List
- Networks Vie for U.S. Hispanic TV Viewers
- Ad Counts Rise in 2013 for Hispanic Magazines
- Warner Bros. Unleashes 'Hobbit: Desolation of Smaug' Merchandise
- Shanghai Smog Forces Factory Shutdowns
- Amanda Bynes Enrolls in California's FIDM
- How to Arm Yourself Against CryptoLocker Virus