As a company that has been deeply involved in healthtech for the last eight years, Thorgate’s healthtech R&D team constantly has its ear to the ground for new startups that are creating waves in the healthcare industry as a result of revolutionary healthcare tech that saves lives.
Here is a list of 8 healthtech startups to watch in a post-COVID-19 world in 2021.
1. Castor EDC
Castor EDC provides high-quality and compliant data-capture tools that can be used in medical research.
The project was begun by Dr Derk Arts who noticed during his MD training that there was no affordable and simple-to-use data-capture tool available for medical research.
Castor EDC (which stands for “Electronic Data Capture”) is now used by thousands of researchers and biotech professionals around the world to enable these professionals to capture data from any source in one compliant platform.
In 2020, Castor offered its EDC system at no cost for all COVID-19 research projects, which we at Thorgate predict will accelerate its adoption in a post-coronavirus world.
2. Healx (Worked on by Thorgate)
Healx is an AI-driven solution to accelerate treatment for rare diseases.
The company operates from Cambridge University, which has a history of being the birthplace of many scientific breakthroughs which change the world.
By using AI, the company is able to mine and understand staggering amounts of data which has been accumulated over the years relating to drugs and drug trials for medication which might assist with rare diseases.
Their purpose is to find drugs which can be repurposed to possibly assist individuals with a rare disease — a demographic of 400 million people, 50 per cent of whom are children.
There are 7000 rare diseases in the world, and only 5 per cent of them have a known cure. Healx aims to close that gap using AI.
3. Viveo Health
Viveo is a telemedicine platform that is free to use for both doctors and patients.
It targets medical professionals.
Doctors add their patients’ details into the Viveo platform in order to be able to consult with them directly. Unlike many other telemedicine apps, Viveo is made to work with one doctor — the patient’s regular physician — not simply any doctor who is available when the person requests primary care.
The platform facilitates consultation, video, telephony as well as accepting online payments.
4. Nordic Brain Tech (Worked on by Thorgate)
Nordic Brain Tech offers “Digital migraine treatment for improved brain health”. Their primary product is a digital device which allows anybody to gain access to biofeedback treatment for migraine headaches.
Personalised treatment is achieved through a digital therapist on a smartphone coupled with wireless sensors.
In addition to this, they offer a “Digital Headache Diary” mobile app called Brain Twin in order to assist in diagnosis and follow-up.
5. ABLE Human Motion
ABLE Human Motion provides robotic exoskeletons for people with disabilities. The company is based in Barcelona.
Its purpose is to provide lightweight robotic exoskeletons which give people the “freedom to move” and which are easy to use.
ABLE Human Motion has a somewhat agile development model, incorporating feedback from clinical professionals as well as users in order to provide exoskeletons that people are “proud to use”.
The idea for the startup was conceived in 2015.
The product is not open for general sales yet and is currently undergoing clinical evaluation in order to receive its CE approval.
Presales are now available.
6. Parasym Health
Parasym provides medical devices that focus on delivering “innovative neurostimulation” in order to “improve quality of life”.
Specifically, the Parasym™ Device stimulates the Vagus Nerve utilising micro-pulses of electrical current.
They have partnered with multiple clinical and academic institutions — University of Chicago, neuroCare Clinics, University of Ostrava, and others — for the purposes of researching and developing their technology.
Kry is a company based in Stockholm, Sweden that offers a telemedicine service via its downloadable app.
The app facilitates “visits” with a clinician via video, which is integrated into the app so that the medical professional can offer assistance and diagnosis.
The service is currently only available to people with a Swedish Identity Number.
8. ODI Medical
ODI Medical has developed a revolutionary technology which provides an assessment of a patient’s microcirculation so as to enable tailored patient therapy.
Some of the clinical studies that ODI Medical’s technology prototypes have been used in include:
- Acute pancreatitis
- Pre-term newborns
- Heart failure
ODI Medical’s focus has been in the field of Extracorporeal Membrane Oxygenation (ECMO). They have an extensive list of publications regarding their clinical studies on their website.
There you go, eight healthtech companies to watch in a post-coronavirus 2021! We hope they’d be going far and beyond in terms of success as digitalization in the healthcare industry is accelerating after the COVID crisis.
If you have an idea, or a healthtech project you already see doing wonders, reach out to Thorgate and we might be able to help you create the best healthtech product possible, or just help you do it yourself! Our 8+ years of industry experience enables us to offer quality business consulting, product development and accelerate time-to-market for healthtech products.