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Goldman Sachs Predicts Digital Healthcare Will Revolutionize the Industry

LabStyle's mHealth Technology is on the Forefront of the Revolution in Healthcare that is Forecasted to Generate $32.4 Billion in Revenues

NEW YORK, NY / ACCESSWIRE / December 3, 2015 / A recent report by Goldman Sachs states, "Digital healthcare, though still in early stages of development, can revolutionize the healthcare industry…digital healthcare promises affordable, highly efficacious, and easily accessible patient solutions." Near-term revenue forecast for companies in the market is $32.4 billion, with 45% coming from remote patient monitoring, 37% from telehealth, and 18% from behavioral modifications, according to Goldman. Chronic diseases including heart disease, asthma, and diabetes, accounting for $1.1 trillion in US healthcare expenditures annually, are described as being at the 'bulls eye' of the healthcare cost challenge and therefore where digital healthcare can make the biggest impact.

I've written about LabStyle Innovations (DRIO) and currently have a buy recommendation on the company with a near term price target of $3.50 per share. It's currently trading at $.36, offering huge upside opportunity. LabStyle makes and sells patented digital healthcare technology providing consumers with blood glucose testing capabilities using the owner's smart mobile devices. The Dario(TM) Blood Glucose Monitoring System, the company's flagship product, is a platform that combines an all-in-one, blood glucose meter, smart phone application, website application and treatment tools to help diabetics become more proactive in their disease. Through the cloud...