“Apple announced some exciting news for health care investors last week by unveiling its new HealthKit platform, which aims to serve as a single repository for health care data from a variety of compatible devices,” Michael Douglass and David Williamson write for The Motley Fool. “A variety of companies with partnered devices were named, including Nike (with Fuelband), privately-held Epic Systems (a major EHR player), and the well-known Mayo Clinic.”
“HealthKit and Apple’s related app, called ‘Health,’ will both be part of iOS 8. And Apple’s work at providing this central information hub really highlights the opportunity in wearables,” Douglass and Williamson write. “Considering that the wearables market is estimated by research firm Canalys to reach 8 million annual shipments by the end of 2014 (before promptly tripling to 23 million in 2015), this is a hot area for investors to watch.”
In the linked video (38:03), from Where The Money Is, The Motley Fool‘s investing show, healthcare analysts Michael Douglass and David Williamson talk about the opportunities HealthKit opens up for Apple in health care and what investors should be watching for from the tech giant. Direct link to video here.