Hi! Sorry I have been out of scene for a while with my posts. For the past couple of months what is really caught my attention is a concept called Unbound Healthcare, this basically means remote monitoring of patients who have small gadgets attached to their bodies which collect medical related informtion like Temperature Fluctuations, Blood Pressure, etc. and send them over to the required monitoring personnel for consistant diagnosis. This also acts as a cost saving operation as there are no costs involved in setting up appointments and conducting tests (Which are pretty expensive in the western countries). The information can be transmitted over either wireless networks or can also be sent over the internet by a USB enabled pluggy. This concept is expected to hit a $34 Billion scale by 2015. Although most of the players in this field are currently worried about regulatory go aheads (Which are currently in process) but some action is happening in this domain nevertheless. A company called HomMed (Which has been acquired by Honeywell in 2005) has already reached the $42 million mark by end 2005. I believe a concept like this can also be implemented in the Asian countries as healthcare costs are consistantly rising.
I will be posting more on this topic as I get the required interest level from fellow Wooders!
Till then…cheers!
- Healthcare Automation - January 30, 2006
- How Killer is Your Idea? - December 9, 2005
MADHU
Hi
we visted Maestros Mediline Systems Limited last year it is still start up and need to grow
if you need to more information e mail me at ureshn@hotmail.com.
we can discuss more about that.
Thanks Saurabh, Uresh and Madhu….this is a concept that I had thought of about 8 years back, but due to lack of belief in India in technical innovations coming from people under 50 at that time (Well it still hasnt changed much!), I had to let it go. I would be putting in more material next week as currently I am busy getting believers for my current concept. Next week is a dedicated Healthcare Technology week and hopefully a lot of material should be exchanged on VentureWoods. Till then…cheers!
HI Seemant,
The idea of remote monitoring of vital stats or telemedicine(broadly categorized) has unlimited potential in India.
Its like a BLACKBOX of your body being monitored and transmited through satellite or bluetooth mode to the nearest centre for check up.
2 companies are already operating in this space and have grand plans for expanding across INDIA
1) SPACE HOSPITALS
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http://spacehospitals.com/products/dbms.htm
The company plans to set up 1,200 telemedicine clinics, 400 satellite medical centres, 24 regional associated hospitals and 20 associated hospitals by 2007
Through broadband, optical fibre, wireless and satellite connectivity, as the case may be, the company proposes to set up a link with customised software developed for telemedicine activity between super speciality and speciality hospitals located in the main cities and in various small/medium health clinics and hospitals in distant rural and semi-urban areas of these regions, with a controlling hub in Chennai and sub-hubs at the respective regional offices. This will provide a platform for consultation, diagnosis, treatment and medication to distantly-located patients by medical experts, and offer providing timely medical treatment.
The company plans to set up 1,200 telemedicine clinics, 400 satellite medical centres, 24 regional associated hospitals and 20 associated hospitals which will be equipped with state-of-the-art IT facility along with necessary equipment such as medical equipment, vital track monitor, popularly known as BLACK BOX, video conferencing, connectivity equipment, and software and hardware facilitating live interaction with all the centres.
The project will be implemented in two phases and the entire project will be implemented by June 2007.
2) Maestros Mediline Systems Limited
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tHEY HAVE bluetooth ENABLED vITAL TRACKERS FOR CARDICA MONITORING AND REMOTE MGMT OF STSTS
http://www.medi-line.com/telemedicine.htm
Hi
Nice article there is good demand in village and even USA
This market will definitely rise in the medium term horizon. There is this technology called M2M which basically links machines to other machines. This technology can be very useful for such tasks. I am very interested in opportunities that arise out for M2M. Keep me updated on such developments.