Telemedicine -- a hot growth area for the last three years—just went super-nova. The world’s best companies are rushing to seize a piece of the wearable medical device market.
That was recently headlined when
Apple (AAPL) announced it is turning its iconic Apple Watch into FDA-approved medical device that will call 911 if you fall or take your ECG anytime, anywhere.
But the surprising truth investors should know is that all those stunning new features Apple announced to such oohs and ahhs have actually been around for years. A dozen competitors including
Samsung and several private companies like
Kardia can do the same thing.
OneLife Technology Corp. (OTC:OLMM) stands apart from them all… because it has capabilities better than Apple, and it has cracked this, additional, powerful secret:
The race for success in the wearable medical devices is NOT just about the technology. The laurels will go to the company that does the best job getting the technology to the people. We think OneLife is that company.
It’s like this….Charles Duryea invented the first gas powered car in America. But the smart money invested in Henry Ford, because he figured out how to put that technology on the road at prices millions could afford.
OneLife is on a mission to be the Ford of wearable medical devices.
Telemedicine Is So Hot, Even Marijuana Isn’t Growing This Fast
The stakes are high. By 2025 telemedicine will be a $113 billion global market according to Grand View Research.
You’ve probably seen it yourself. Almost seven out of ten doctors now use iPads, tablets or mobile networks to reach or manage patient details in their practices.
If your doctor sends your lab results to your email or phone, you’ve benefited. If you order prescriptions online, that counts. If you know anyone with wearable heart monitor, you’ve seen where the future leads.
But don’t look to telemedicine in general for the juiciest prospects. Today you should zero in on the most exciting portion of that market….wearables.
Sales of wearable medical devices—which must be FDA approved to earn that label—are rising 28% a year. This is on track to be a $50 billion business in less than four years, according to MarketsAndMarkets.
That means that from nearly nothing in 2016, wearable technology will be almost half the entire telemedicine universe by 2022.
Clearly, this is the trend you cannot afford to overlook for a massive investment upside. The world’s biggest and best companies are vying for a place.
The Biggest May Lose This Important Piece to the Smallest
Any trend this big presents lots of choices. Even the giant cosmetic company
L’Oreal (OTC:LRLCY) has developed a wearable thumbnail-sized device that can measure UV rays and warn the wearer to seek shade. Sunburns send people to ER every year, but consumers on certain drugs especially need to avoid overexposure.
In addition to
Samsung (London:SMSL) is a contender. Its smart phones can pair with biosensors to record pulse, oxygen, or blood pressure. These are add-on apps that must be recommended by a doctor or discovered by a wearer among thousands of other choices, so we don’t see that the most direct approach to invest in wearable med-tech.
Alphabet (Nasdaq: GOOG) is lurking around the edges with numerous partnerships, but has no dedicated device yet.
Philips (NYSE:PHG) is the innovation leader in the field. Among wearables, its biosensor stick-on patch is extremely sensitive and versatile. Philips markets to hospitals and doctors, where it is highly respected. Definitely worth a look. But it misses the full potential of the consumer market with billions in sales potential.
That’s important to your investment success. Because it was consumer enthusiasm that made FitBit into an overnight $4 billion company when it went public. Now, with a $50 billion market at stake, the wearable devices trend will dwarf the fitness app craze.
And that makes
OneLife Technologies (OTC:OLMM) the single most interesting company now in telemedicine now.
OneLife is directly targeting the 55+ consumer market. That’s a jackpot of 90 million potential customers that even Apple has missed, because less than a third of Apple Watch wearers are in that group. Hardly any women.
Boomeritis and $2.5 Trillion Worth of Other Reasons Consumers The World Is Waiting for OLMM
Today’s 55+ adults may be the healthiest contingent ever. In fact, they are so vigorous that doctors recognize a condition they call “Boomeritis.” That stands for Baby Boomers (now ages 54-71) exercising and playing so vigorously that they caused hip and knee replacement surgery rates to double.
These are people who don‘t want a geezerly medic alert pendant around the neck. They want to watch their health to live longer and stronger.
Even so, half of American adults age 45-64 have at least one chronic health condition. At age 65, that rises to 81%.
They definitely have reason to wear a discreet watch that keeps them on top of their medical conditions.
- More than a fourth of US adults have high blood pressure
- One in 10 has diabetes
- One 14 has a respiratory disorder
- The same amount has inflammatory joint disorders that increase the risk of falls.
In the US alone, BCC Research expects wearable technology like OLMM’s Sensation watch to be a $9 billion market in just two years[i]. Even if the 55+ group used medicine at the same rate as everyone else, that means $3 billion market up for grabs. But the truth is, older adults account for 80% of hospital stays[ii].
That’s a $2.5 trillion bill that could be drastically lowered with better health monitoring.
This is why doctors, hospitals, insurance companies and employers are encouraging more and more people to use devices like the Sensation. Because there is a direct, and strong proof that remote patient monitoring (RPM) lowers medical bills and saves lives.
Even outside the hospital, over-65 patients account for half of all medical costs[iii].
OLMM’s Powerful Answer Suits the Young and Vigorous, the Frail, and Even the Lost
Apple and Samsung can deliver a OneLife’s state-of-the-art wearable medical device, the Sensation rivals the best of the breed. It can
- Track of activity levels better than a FitBit
- Sense faulty posture and motion
- Detect a fall and call 911
- Record circadian rhythms and sleep cycle
- Monitor glucose levels (in the next gen)
- Take your pulse
- Track your GPS location in case of emergency
- Act as a “geofence” for Alzheimer’s or cognitively impaired wearers
- Connect directly to your doctor via Bluetooth technology
- Record, transmit, and store your entirely personalized data with on its SIM card
- Connect from anywhere that a cell phone works thanks to an “always on” agreement with AT&T—no phone needed to call for help.
A second device, the Tricorder that works alongside the Sensation increases the vital data. This handheld device will measure
- Blood pressure
- Heart rate
- CO2—carbon dioxide
- SpO2—the oxygen in your blood
- And receive data from the Sensation to build a health profile
The two create a valuable data base. Add Artificial Intelligence, and OneLife is one lifesaver.
Patterns in the data can warn doctors or a reviewing nurse when medical attention is needed, even predict problems in people with congestive heart disease!
Compelling Reasons One Life Technologies Corp. (OTC:OLMM) Is the Single, Most Investable Company in the Wearable Medical Device Trend Today
1 . OLMM’s Sensation Is More Instantly Useful Than the Competition’s Devices—OLMM has made its system simple. Owners do not need to wrestle with Apple Store or turn to questionable app providers to download an app, or choose among a hundred options. All the technology they need is pre-loaded in the Sensation watch and the Tricorder portable medical device. Ease of use is the key to mass sales in any breakthrough technology and on that level, the Sensation scores a win.
2. The Always-On Setting Doesn’t Need a Phone to Make a Vital Call—Thanks to an agreement with AT&T, the Sensation carries a SIM card that gives it access to communications anywhere a cell phone works. There’s no need to reach for the phone if you fall while out walking the dog, on the way to church, or in the grocery store. Even in the woods, as long as a cell signal is available, users are in touch.
3. Even the Insurance Companies Love It—A Humana study found companies saved 18% on healthcare costs after its employees adopted wearable technology. Sick days fell by 44%. And watches like these could even help insurers monitor activity in Workman’s Comp cases to further save money by cutting fraud. Nearly two-thirds of insurers plan to provide or subsidize wearable for in their health plans.
4. Physicians Benefit Multiple Ways—A California study established that people who had their own health care information trusted their doctors more[iv]. In addition, for doctors who treat chronic diseases, the Sensation can alert them to changes in posture, blood pressure, sleep rhythym or other signs that can mean their patients are in trouble.
5. 24/7 Peace of Mind—For patients who need to keep on top of conditions OLMM puts powerful tools in their hands. But children who are taking care of elderly parents, may appreciate it even more. They can be added as an instant contact in case of trouble. They can locate an elderly parent who gets lost or confused. They know that if they fall they will get 911 help right away.
6. OLMM Is Reaching Out Directly to the Consumers that Apple, Samsung, and Philips and the Rest Are Missing—Apple Watch’s health functions are apps, afterthoughts. And Apple targets a young, geeky audience. Samsung—more apps. Philips has great goods, but it’s focused on institutions and trained medical providers. That leaves 70 million potential customers for OLMM!
Source : https://www.schaeffersresearch.com/content/sponsored-content/2018/09/20/the-company-staking-out-the-lead-in-a-new-50-billion-healthcare-market