On our blog, we have touched on the subject of MedTech before; it is the center of our attention, and finding out more about it while sharing it with our readers seems to be the right thing to do. Because of the year 2020, companies associated with Healthcare Industry have been on the constant rise, coming up with newer ideas, and developing state-of-the-art solutions. We strongly feel that staying up to date with the current advances is crucial in the modern world.
There are two terms: HealthTech and MedTech. Confused? We were too. It is almost effortless to mistake them. Let us explain which is which:
Also called Health technology, is defined by WHO (the World Health Organization) as the “application of organized knowledge and skills in the form of devices, medicines, vaccines, procedures, and systems developed to solve a health problem and improve quality of lives”. Yeah...okay, let’s break it down.
The term is related to the technology designed to be handy while dealing with people’s health issues. Via our blog, we have addressed the topic of AI and how it will improve the healthcare world. Check out the first part here. Our posts cover the most crucial sectors, in which technology takes the role of the rescuer.
The goal of this type of technology is to conclude prevention methods and monitoring; it doesn’t solely focus on curing. The solutions provided by HealthTech find their place in improving everyday life and health. In other words: the monitoring options strive to keep you out of the hospital or medical facility.
The sister of HealthTech, MedTech, covers the grounds of the inside of the hospital or medical facility. Rather than prevention, it relays on treatment, patient care, and diagnosis. MedTech is a part of HealthTech.
The scope of MedTech’s goals varies from developing software to improving techniques of surgeries so that they are less hurtful. Part of the doctor’s equipment are gloves; yes, they are also a part of the MedTech, as well as thermometers and inhalers.
So, to summarize:
HealthTech – used outside of the hospital by people so that they are able to monitor their health and use it as a prevention method
MedTech – used inside the hospital by the doctors so that they can treat, diagnose, and improve people’s lives
Now that we have those two distinguished, we would like to provide you the list of the most successful Healthcare Startups in Europe in 2022 according to TechMagic. We have also added a Polish example. Dive in!
Mindmaze was founded in 2012 and is a global leader in brain technology with a mission – a mission to accelerate humanity’s ability to recover, learn, and adapt (mindmaze.com). Because of their work, they have enhanced the recovery of patients suffering from neurological diseases. Mindmaze combines FDA-cleared, CE-marked digital therapeutics, motion analytics, AI, and cloud technologies to create a platform for brain health.
Onera Health is all about sleep. It describes itself as “the future of sleep medicine” and its website provides us with information about the struggle of sleep and how they plan to fix it. One in five people has problems with falling asleep and staying asleep. There is a possibility that you, the reader, are sleep deprived; you sleep less than six hours per night, and that has an effect on your general well-being. Because of the pandemic, these types of disorders became even more common, and it is not something rare to experience first-hand.
Onera STS I is an at-home patch-based PSG system for sleep studies. The patch is easy to use and has an intuitive design. The non-invasive technology enables all signals required for full PSG. You can record multiple physiological parameters such as cardiovascular, respiratory, and brain functions.
The startup is most known for its Oura Ring; a device called by the company “truly an engineering breakthrough”. The ring is able to monitor sleep, heart rate, activity, and temperature. The outcome of the monitoring can be found in their mobile app. Oura is a promising public health startup.
We do not have to remind you how important is to protect yourself in a way of preventing health problems. The ability to measure data away from hospitals or medical facilities is a huge help for patients. Real-time observing might save your life.
Patchwork Health confronts one of the most known work-related problems, healthcare workforce burnout. The mission of the company is to unlock effective flexible working in healthcare to solve the staffing crisis. The portal delivered by Patchwork Health gives the user the ability to expand the “staff banks” which help to register staff shifts when in demand. Its goal is to improve work-life balance.
Writing and providing knowledge about advancedAI is a hobby of ours, if you could not tell already ;). Kheiron Medical uses it in order to help doctors in diagnosing breast cancer. The power of deep learning transforms cancer diagnostics. The process of accurately identifying breast cancer is flawed. The MIA introduced by the British company helps radiologists recognize this type of disease.
ComeBack Mobility offers a weight-bearing tracking service. The system provides people with help in recovering after leg injuries. Measuring the weight that users put on crutches, transmitting it to the mobile app, and analyzing the pace of recovery, offers the ability to recover faster.
The rehabilitation program is prescribed by the doctor. The alerts provide information about the injured leg, such as if too much or too little weight is placed on it.
A mobile app that helps to improve mental health. The user is able to choose the area they want to work on, such as anxiety or depression. The personal assistant offers solutions, exercises, and techniques, but also tracks the progress. NAOMI is available 24/7, recognizes and understands the text typed in the app, and even connects the user to certified psychotherapists when necessary.
NAOMI is 100% anonymous.
The vision of Bottneuro is “to become a leading provider of diagnosis and treatment of Alzheimer’s Disease using digital biomarkers, brain imaging, and neuromodulation technologies”. The Swiss startup offers neuromodulation therapy; collects data and discovers regions that would be suited for electrical stimulation using MRI and PET scans.
Data Lake is a “global medical data donation system”. It is based on blockchain technology. The company takes an enormous step by introducing people to consensual usage of their medical data in a private way, in order to transform scientific research and medical studies. The system works by collecting data from hospitals and diagnostic laboratories and with patients’s consent, making it available for researchers.
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