Apple is no stranger to healthcare. However, its foray into healthcare has so far leveraged existing consumer devices like its smartphones and smartwatches. By adding on additional software and/or hardware in newer iterations of the product like the Apple Watch Series 4 and integrating the data into the Apple Health app, it has turned these devices into personal health hubs. For the first time, however, Apple has launched a medical device, One Drop, a blood glucose monitor that integrates with all of its consumer devices. Diabetes is a trillion-dollar market that's expected to double in the next 10 years if current trends persist. This presents a lucrative market opportunity that Apple clearly does not want to miss out on.
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