Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups in the healthcare industry. As there is a large number of startups working on a wide variety of solutions, we decided to share our insights with you. This time, we are taking a look at 5 promising IoMT (Internet of Medical Things) startups.
Heat Map: 5 Top Internet of Medical Things Startups
For our 5 picks of IoMT startups, we used a data-driven startup scouting approach to identify relevant solutions globally. The Global Startup Heat Map below highlights 5 interesting examples out of 1.314 IoMT relevant solutions. Depending on your specific needs, your top 5 picks might look entirely different.
Health Care Originals – Smart Monitors
Smart monitors detect the symptoms of the different diseases’ attacks (asthma, heart attack, epilepsy) before its onset, allowing the wearer to manage it before the episode gets worse. Smart monitors automatically send text messages and notifications to a designated carer to alert about dangerous changes the moment they are detected. US-based Health Care Originals develops products for the management of chronic respiratory diseases. HCO’s first product, ADAMM, works in conjunction with an app and web portal, helping asthma patients to set medication reminders, view data from the device, and remind themselves of their treatment plan.
Elfi-Tech – Self-Testing Devices
A monitoring system with self-testing options allows patients to check their blood, urine, etc. on-demand and help to stay within the therapeutic range. Test results are immediately available on the device or/and in patients’ application, that is connected to the tester. The mDLS device from the Israeli startup Elfi-Tech non-invasively measures skin blood flow, blood velocity, coagulation, vascular health and relative cardiac output (RCO) in addition to already existing parameters like pulse and motion. The sensor allows for the continuous measurement of blood flow waveform at different locations on the body.
MedAngel – Environment Temperature Controlling Sensors
Of the top 10 medications prescribed, all have upper-temperature limits. The risks are great if any medication is compromised by exposure to temperatures beyond its safe range. Smart sensors monitor the environment temperature and conditions and alert user if they are close to a critical point or if medications already get spoiled. Netherland-based MedAngel helps people who are using temperature-sensitive medications. It develops an app which, together with a small sensor, enables users to monitor the temperature of medications easily by using their smartphones. The solution also covers the last-mile of cold chain management and enhances medication safety.
InPen – Smart Injectors
Smart injector pens have the ability to automatically record the time and amount injected in a dose and recommend the next dose immediately. The devices interact with a smartphone app that stores long-term data to help patients calculate their medicine dose and provide analytic reports. US-based InPen by Companion Medical combines diabetes management app with Bluetooth-enabled pen injector to simplify the constant tracking, monitoring, and calculating required for insulin therapy.
Medicsen – Automatic Drug Delivery Systems
Automatic drug delivery systems, consisting of a wirelessly connected implanted medical device and an external drug delivery device, offer a number of benefits for medical-reliant people. By monitoring an individual’s vital signs and automatically adjusting the amount of drug to be delivered, drug delivery systems help the patients to stay within a safe range, preventing extreme situations. Medicsen from Spain develops a smart patch for non-invasive drug delivery, guided by the algorithm or manually activated by the user. The system allows suitable access to relevant individual personalized data. Predicted glucose levels based on patient’s questions help to avoid potential risks during behavioral decisions.
What About The Other 1.309 IoMT Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 5 Internet of Medical Things startups showcased above are promising examples out of 1.314 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.