pausefest 2015 - iot and wearables in healthcare: what problem are we solving?

IoT and Wearables in Healthcare What problem are we solving?

Alex Young Founder, Health Startups Asia

The Why

90% of deaths in Australia were caused

by chronic disease in 2011

Source:  Australian  Ins1tute  of  Health  and  Welfare  2014  

“While not solely related to behavioural factors in all cases, they can be heavily

linked to smoking, physical inactivity, poor nutrition and the harmful use of alcohol”

David Kalisch, AIHW Director & Chief Executive

63% Australian adults are overweight or obese

Source:  Australian  Ins1tute  of  Health  and  Welfare  2014  

60% of Australians do not exercise enough

Source:  Australian  Ins1tute  of  Health  and  Welfare  2014  

92% of  Australians  don’t  eat  enough  vegetables  

Source:  Australian  Ins1tute  of  Health  and  Welfare  2014  

The How

Collect data to better understand our health, behaviour or symptoms with the intent to use that data to modify behaviour

or diagnose symptoms.

The What

Healthcare Journey

Prevention Diagnosis Treatment Condition Management

Prevention

Prevention

Prevention

Prevention

Diagnosis

Treatment

Treatment

Treatment

Management

Management

Challenges 1.  Healthtech is a relatively immature market 2.  Validating claims is timely and expensive 3.  Sales into traditional healthcare is tough 4.  Healthcare is highly regulated (TGA/FDA) 5.  Healthtech has a prolonged incubation and trial

period 6.  Difficult to MVP

“Although we live longer these days, one of the disadvantages is that people may be living longer with incurable and

often debilitating diseases.” Dr Ian Boyd, Chief Medical Officer, Medibank

Alex Young Founder, Health Startups Asia

alex@healthstartups.asia