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