Dean also said that the medical industry is waiting for economies of scale to reduce the costs of such disposable technologies.
"With a Band-Aid, you rip it off and throw it away," he said. "So volumes need to be really high, and costs need to be really low."
Another challenge facing the medical OEMs is standardization. This is especially important in devices that employ radio communications, such as blood pressure monitors, pacemakers, defibrillators, and other systems. He noted that Bluetooth and Zigbee are commonly used in non-clinical environments, whereas WiFi is a de facto standard in clinics and hospitals.
"In the medical space in general, it's a mess," Dean said of the lack of radio standardization. "There's no one standard out there right now."
Still, Dean told the Design News audience that the acceptance of home healthcare is beginning to change.
"The FDA is making some improvements," he said. "Medicare, Medicaid, and major insurers are making some improvements. So the change is coming. I do see a groundswell out there."