Table of Contents
Introduction
Data science development and AI technologies are increasing the number of healthcare startups using predictive analytics and precision medicine.
Better care to the patient and the Ciencias de la Vida research
An increase in the digital health market may probably increase at a CAGR OF 13.4% between 2017 and 2025, achieving $536.6 billion by the end of 2025.
Top Healthcare Startups (worldwide) that are redefining innovation.
Nowadays, physical presence is no longer essential for physical therapy. SWORD Health has developed the world’s first digital therapist powered by AI, which remains based in Porto/San Francisco. The clinical team prescribes a personalized program to the patient that they can take home as per the assessment of rehabilitation needs. A highly accurate motion tracker that communicates data wirelessly to the virtual therapist remains fitted to the patient The digital therapist can then guide the patient through the correct exercises from a distance, ensuring that they are perform correctly.
Prognos Healthcare startup
With the ambitious goal of eradicating disease, Prognos uses Artificial Intelligence and advanced data analytics to help predict disease as early as possible. They have a vast network of labs with access to 13 billion patient records. And this data is enrich before it is AId for legal awareness. This registry helps detect patients at risk and develop treatment plans. Prognos also offers a solution for payers, who can use analytics to assess at-risk populations or members and identify “care gaps.”
Flatiron Health
Flatiron Health is an oncology-focused electronic health record (EHR) company that works todoes cancer research and helps in the betterment of the patient health. They offer an EMR system that decreases time and costs, and also analytics stage that helps derive relevant insights from data, and a facility that screens patients for clinical trials. They work with hospitals, community clinics, universities and life sciences companies. Back by Alphabet, the company was bought by Roche in early 2018.
Fertilidad Moderna Healthcare Startups
This San Francisco-based company offers a fertility hormone test that women can take at home. They have to take a simple finger prick test and return it by mail to get a doctor-approved report on their hormones and fertility profile. The company is associated with Quest Diagnostics, with more than 2,000 centres in the United States. Founded by two former executives from Uber and 23andME and also launched on Y Combinator, the company raised $6 million in May 2018.
California-Based Day two
Day Two examines your gut microbiome and provides personalized nutrition advice. For instance, if you give a stool sample and a blood test report. The company profiles your gut microbiome at the genetic level, created which it recommends what foods you should and should not eat. In 2017, it obtained $12 million in financing from Johnson & Johnson, the Mayo Clinic and also other investors.
Health in Babylon
Based in the United Kingdom, Babylon Health allows users to conduct virtual consultations with doctors and also health professionals through video/audio and text messages. Its AI-based chatbot can make recommendations and diagnoses and is intend to be an alternative to the NHS 111 service. Among its investors are the founders of DeepMind; the company raised $60 million in 2017 and claimed its AI system is on par with human doctors. So it won’t be long before we start consulting GPs with AI.
Arterys
Another company harnessing the power of AI, Arterys, calls itself the AI assistant for radiologists. This San Francisco-based company offers FDA-cleared AI software for oncology that helps radiologists. Measure and track tumours on MRI and CT scans using a simple browser to more accurately recognize cancer and speed. In addition, the software uses deep learning to notice lung and liver lesions. With an accuracy that is equal to segmentations performed by human experts. Arterys completed a $30M series B financing in 2017.
Feebris Healthcare
This London company offers a mobile application that allows community diagnoses to be carry out on the young and children (under five years of age). It uses the data collected by digital stethoscopes and wearables. Intelligent algorithms remove insights from this data and drive disease diagnosis and prediction. One of its main applications is the detection of childhood pneumonia through a digital stethoscope that attaches to the Feebris platform. Fabric won the Big Ideas competition in April 2018 and also received £10,000 in funding and the support of an RGAx mentor.
Conclusion
Healthcare is a sector in which an enormous amount of data is generate and collected daily. With the help of data science, machine learning, and AI. We can now analyze this data and extract meaningful insights that will pave the way for further medical innovations. Moreover, with the digital revolution, the sector continues to grow at a dizzying pace.