5 Innovative Health Ventures To Watch Out For In 2021
In an industry continually advancing, healthcare ventures that aim to enhance patient experience, outcomes, and access are crucial. The following innovative health ventures are spearheading trends that are set to shape the future of healthcare.
1. Cognetivity Neurosciences
Cognetivity Neurosciences, a UK-based firm, is developing a cognitive test that uses Artificial Intelligence (AI) to determine signs of Alzheimer’s and other cognitive impairments. The startup’s digital platform promises to boost the accuracy of cognitive assessments, enabling earlier detection of brain-disorders that affect over 47 million people globally. The AI-based test stands to make the diagnosis process significantly more affordable, efficient and accessible, making it an innovative and promising venture to watch in 2021.
2. BenevolentAI
BenevolentAI, a London-based firm, uses AI for drug discovery, making the process of developing medicines quicker and more accurate. Using proprietary algorithms, the company analyses scientific data to identify novel targets for treatments, generate potential drug candidates and reduce the rate of drug failures. The result, a smarter and more efficient way to develop new drugs.
3. Ada Health
Ada Health, based in Berlin, developed a digital health application that uses AI to help individuals understand their symptoms and receive tailored information regarding health concerns. The app provides users with a better understanding of their conditions, utilizing algorithms and machine learning to recognise potentially severe issues, and triage them promptly, enabling good healthcare outcomes. Since its launch in 2016, Ada Health has amassed a user base of more than 10 million and has signed up several major payers and care providers globally.
4. Nanopore Technologies
Oxford-based firm, Nanopore Technologies, has developed a portable, scalable, and real-time DNA sequencing device that provides rapid and accurate results. The device is portable enough to move from clinics to homes, facilitating early diagnosis by monitoring genetic changes and enabling personalized treatments. The firm’s cost-effective, portable solution has already been used in remote field scenarios, like diagnosing the Ebola virus in West Africa.
5. Paige.AI
New-York based Paige.AI applies AI to digital pathology, enabling patients around the world to receive optimal diagnoses through the better availability and analysis of medical imaging data. The platform uses massive data sets crafted from digital pathology, radiology, and clinical data to provide predictions in surgical pathology. The technology allows doctors to provide tailored diagnoses and treatment plans – leading to positive outcomes for patients.
Conclusion
These healthcare ventures demonstrate the tremendous potential of technology to accelerate diagnosis, enhance the development of new medicines and promote healthcare access and outcomes. When it comes to solving diverse health concerns, today’s entrepreneurs are pushing the boundaries of traditional methods with innovative solutions that have the potential to support better health and wellness for everyone.
