The need for healthcare in our country is a well-known problem and therefore the opportunities it has to offer is immense. The Indian healthcare industry, which comprises hospitals, medical infrastructure, medical devices, clinical trials, outsourcing, telemedicine, health insurance and medical equipment, is expected to reach US$ 160 billion by 2017, says an IBEF report.
While government bodies are doing their bit to help ease the situation, they can use with help. And one of the parties lending a helping hand is one of Tech 30 from this year’s TechSpark -- Kallos Engg Pvt Ltd. Founded by Gajanan Nagarsekar and Kevin Kreger, this six-year old entity has created a product called Mobmon(mobile monitor) that helps individual customers monitor their vital signs through the instrument.
Mobmon has world’s smallest 3 LED ECGs embedded in it and works alongside your mobile devices like smart phone or tablet. It has an ECG cable, pulse oximeter that can measure your blood oxygen as well as get you medical ray ECG signal. The information collected through the equipment can be stored in your phone itself and can be transferred to you doctor sitting far away at the press of a button.
Going the government partnerships way, Kallos Engg is bullish about the future. Hear them talk about their pilot run, funding and market opportunity in this video.