How DIY medical testing is changing health care
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 24 July 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
What if receiving a medical diagnosis was as simple as shopping online? The growing home diagnostics industry says it can be. At-home testing was widespread during the COVID-19 pandemic, but more health tech companies also offer DIY kits that test for food allergies, fertility and thyroid function, among other things. Some medical experts are wary of this on-demand model, but health tech investors say it can make health care more accessible. Marketplace’s Lily Jamali spoke to Chrissy Farr, author of the Second Opinion newsletter, and Anarghya Vardhana, a partner at the Maveron venture firm, about the prospects of the industry and how it affects relationships between patients and doctors.
Transcript
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| 0:00.0 | The pros and cons of DIY medical testing. |
| 0:05.0 | From American public media, |
| 0:06.3 | this is Marketplace Tech. |
| 0:07.5 | I'm Lily Dramale. What if receiving a medical diagnosis was as simple as shopping online. |
| 0:23.0 | With a growing home diagnostics industry says it can be. |
| 0:27.0 | At home testing grew during the COVID-19 pandemic, |
| 0:30.0 | but more health tech companies also offer DIY kits that test for food allergies, fertility, and thyroid function. |
| 0:37.0 | By some estimates, the home diagnostics market generates $5 billion a year, |
| 0:42.2 | and it's expected to double in the next eight years. |
| 0:45.6 | Some medical experts are wary of this on-demand model, but health tech investors, |
| 0:50.0 | Chrissy Far and Anargia Vardanaana say it can make health care more accessible. |
| 0:54.8 | We live in a world today where the health care industry is going in two directions. |
| 1:00.8 | On one side you have big health, that's capital B, capital H, getting bigger and bigger, |
| 1:06.1 | more and more opaque, less accessible, less transparent. |
| 1:10.1 | And on the other hand, you have the internet, which is a complete Wild West, where people have the ability to, once upon a time, self-diagnosed with the likes of Google and WebMD, and that's changed nowadays to self-diagnosing using chat |
| 1:25.0 | gp. And a plethora of other online tools. And the challenge is that people want |
| 1:31.0 | information, they deserve information. |
| 1:32.7 | Consumers should be able to get access to health-based information and |
| 1:37.5 | health-based care as easily as they can get an Uber or as easily as they can get |
| 1:41.9 | their Insta- cart groceries delivered. |
| 1:43.9 | Unfortunately, we aren't there yet. |
| 1:46.9 | And my hypothesis on the increase in at home testing |
... |
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