Telemedicine is increasing
The way we access health care has not changed in the last 1,000 years, but huge advances in diagnostics, medical devices and disease prevention mean we are seeing the focus change from delivery of services to patients within hospitals to being able to receive much of our care remotely.
At the height of the pandemic, we witnessed intense pressure on hospital beds as the number of seriously ill Covid-19 patients grew, but, as conditions ease, we would still expect to see an acceleration in the shift of care away from inside to outside the hospital.
It is already proven that treating patients with chronic conditions such as diabetes, Alzheimer’s, cancer, or heart disease within hospitals is the most expensive and the lowest-quality way to administer care.
Health care systems have already started to move people away from in-hospital care, but the growth of alternative methods of treatment should help to facilitate this trend, with areas such as remote monitoring continuing to gain traction. A good example is a coin-sized ‘sticker’ that can monitor the glucose levels of diabetics for 14 days to ensure blood-sugar levels remain within a safe range, and which can be scanned via a mobile phone; it is a lot more pleasant and accurate than the traditional finger-prick testing that many diabetics currently receive.
There will be huge pressure for people to have access to telemedicine, enabled by remote diagnostics and better technology. We would also anticipate a marked shift in how health care companies market their medicines, so that instead of travelling to sell face-to-face, many more drugs will be sold online to doctors via virtual social communities.
The Global Research Team, Newton Investment Management
All investments involve risk, including the possible loss of principal. Certain investments involve greater or unique risks that should be considered along with the objectives, fees, and expenses before investing.
Charts are provided for illustrative purposes and are not indicative of the past or future performance of any BNY Mellon Investment Management product.
“Newton” and/or the “Newton Investment Management” brand refers to the following group of affiliated companies: Newton Investment Management Limited (NIM) and Newton Investment Management North America LLC (NIMNA). NIM is incorporated in the United Kingdom (Registered in England no. 1371973) and is authorized and regulated by the Financial Conduct Authority in the conduct of investment business. Both Newton firms are registered with the Securities and Exchange Commission (SEC) in the United States of America as an investment adviser under the Investment Advisers Act of 1940. Newton is a subsidiary of The Bank of New York Mellon Corporation. Newton’s investment advisory businesses are described in their Form ADVs, Part 1 and 2, which can be obtained from the SEC.gov website or obtained upon request.
BNY Mellon Investment Management is one of the world’s leading investment management organizations, encompassing BNY Mellon’s affiliated investment management firms and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries generally.
This material has been provided for informational purposes only and should not be construed as investment advice or a recommendation of any particular investment product, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions. Prospective investors should consult a legal, tax or financial professional in order to determine whether any investment product, strategy or service is appropriate for their particular circumstances. Views expressed are those of the author stated and do not reflect views of other managers or the firm overall. Views are current as of the date of this publication and subject to change. The information is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be and should not be interpreted as recommendations. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
Not FDIC-Insured | No Bank Guarantee | May Lose Value
MARK-226682-2021-11-09
