There are over 200m people globally in need of long term care who receive some form of government aid. There are 2 main problems related to this: first, there are not enough care workers in the industry to cover the demand – only 47% of the demand is currently satisfied and, second, current medical tools are only good for short term monitoring, are not automated and most are invasive. Total addressable market for Long Term Care in EU-15+Switzerland: $221B in year 2015 +4.1% CAGR -> $405B by year 2030. In 2015 in the whole Europe 4.2m & 8m people were in need of in-patient long-term care and at home, respectively.
HeartWatch is a contactless monitoring system of health and physical conditions. Using off-the-shelf digital cameras, the system’s facial recognition software can detect symptoms of serious conditions such as heart attack and stroke before they actually happen. It can measure a cardiac signal with over 97.5% accuracy and a breathing signal with over 98% accuracy by detecting minor colour changes on the skin of a patient’s face. HeartWatch addresses both the problem of an insufficient workforce and the need for a fully automated, non-invasive system.