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Top 10 healthtech startups in Spain
Healthcare startups are known as healthtech. Their services include pharmaceuticals, health knowledge, vaccines, and systems and procedures for treating diseases. They aim to improve people's quality of life, as well as to detect and treat diseases, improve hospital treatments and processes, and prevent future problems.
What are the benefits of healthtech?
Health technology is the technology that has grown the most in the last two decades, partly due to the rising cost of healthcare and the constant search for more efficient and effective treatments. Health technology is also known as medical technology or biotechnology and includes diagnostic, therapeutic and surgical equipment, as well as information systems and software that help improve patient outcomes and experience, avoid medical errors and improve the efficiency of healthcare organizations. These technologies are used in the diagnosis, monitoring, treatment and rehabilitation of patients in hospitals, clinics and at home. Biotechnology is the use of living organisms and bioprocesses in technological applications. Biotechnology is applied to industries such as agriculture, food, cosmetics, pharmaceuticals, timber, oil, mining, forensics, energy, environment, IT, robotics and defense.
Healthtech startups in Spain
In the field of healthcare, Spain is one of the countries that has changed the most with the arrival of new technologies. With a total of 159 healthtech startups, it is the second most important market for this industry in Europe, behind only the UK.
This first part of 2021 is significant for healthtech ReHand, as it is working with three times as many centers as at the end of 2020. A new platform is being developed in addition to the neurological patient vertical, already developed and designed following Ethics Committee approval. The Centro de Referencia Estatal de Atención al Daño Cerebral (Ceadac) and the IRCCS Milan Don Gnocchi Foundation Center are conducting a clinical trial phase. The startup has carried out extensive scientific work that has resulted in a publication in one of the Q1 scientific journals with the highest impact in its sector at international level. ReHand is currently working to adapt the technology to the idiosyncrasies of clinical practice.
Trak, a health product created by and for physiotherapists and hospitals, helps physiotherapists in the rehabilitation process by working with artificial intelligence and patients in their recovery process. Thanks to artificial intelligence, this healthtech offers assistance to the patient's rehabilitation by adapting the therapeutic training and collecting metrics on their evolution, healthcare professionals can monitor their treatment. Thanks to the Lanzadera Corporate program, the Povisa, Vinalopó and Torrejón facilities of the Ribera Salud group began working with Trak in 2021. The startup also works with the Hospital de la Asunción within the Kunsen initiative. In 2020, Trak launched the first functional version of the product after the MVP.
DIVE Medical, an artificial intelligence-based health tech, tracks patients' eyes to determine visual function in uncooperative patients. It also relies on artificial intelligence and eye-tracking technology. DIVE Medical has had a very well-received start to the year with its commercial presentations to key opinion leaders in ophthalmology and optometry. This is indicated by the launch of five one-month trial demonstrations with key opinion leaders. In addition, data has been collected from 750 patients as part of the TrackAI project, which aims to improve and validate the screening solution with artificial intelligence.
Disruptive healthtech solutions Aimentia in mental health are based on Artificial Intelligence. The goal is to help mental health professionals improve their skills and efficiency, advancing their careers. The collaboration agreement signed with the Sant Joan de Déu Hospital in Barcelona in the first half of the year was the company's most important achievement. This European first includes AI tools for the assessment of suffering and psychological intervention in children with palliative, oncological and severe illnesses, as well as the follow-up of these people's relatives and guardians. Serious illnesses, which are often not detected early by professionals, can be identified with this tool. As a result, intervention can occur earlier. The study involved 17 children and adolescents with various serious illnesses. All of them received palliative care. The study will include another 100 children in the future.
Elem is an artificial intelligence health monitoring device that helps people manage and improve their mental health. It monitors the user's skin and heart rate to monitor their mood and stress levels, as well as offering cognitive behavioral therapy (CBT) to reduce stress. CBT is a common therapy for mental health issues such as anxiety, depression and sleep problems. The startup was co-founded by Juanjo Perez (CEO), Javier Carrasco (CTO) and Alberto Bailo (CTO). It has raised $8 million in funding since its founding in Madrid. Inparques and Endeavor Catalyst are among its investors.
Researchers at the Sant Pau Hospital Research Institute and the Polytechnic University of Catalonia have developed the technology for Exheus. The startup's technology is a unique RNA test that identifies the activation of all 22,000 genes in the body. It is accompanied by the first genetic report that scans all 22,000 genes. Exheus Blue Boost and Nutri Diet are the company's first two products to be launched in beta in 2021. Turnover has already started through a pre-sale campaign via online marketing, and its services are already available in Barcelona and Madrid. The company has already started producing reporting results automatically, improving the entire workflow before and after purchase, and packaging and implementing the MVP for sale.
Nubentos'](https://www.nubentos.com/es/api-store/) innovative SaaS platform simplifies the efficient integration of any HealthTech innovation into any healthcare software. Nubentos has made significant commercial progress this year thanks to its dual go-to-market strategy. It has managed to increase the number of vendors in its marketplace with services such as EB2, Besure.online, DigimEvo, Abi Global Health, Medicus AI, Idonia Health and i4life, in addition to a list of up to 50 companies in the signing phase. On the client side of these digital health services, key clients such as DKV, Solutia Digital Health, Softtek, GMV Innovations, Nueva Mutua Sanitaria, Didoc.cl and Universal Doctor continue to sign. More than 40 companies are also in the signing phase, with very important names in the sector.
Sincrolab is a clinical software that helps children with cognitive problems by offering them personalized and adapted games and exercises. The start up started in 2021 maintaining its clientele. Sincrolab has developed a statistics management function for patient tracking, as well as a new version of its algorithm that processes diverse data at the product level. In addition, the healthtech is moving into the regulatory sector in line with its planned strategy and is finalizing a seed funding round. The startup has published its first results in the Journal of Medical Internet Research.
Allergology is the area of medicine that deals with allergic disorders, and this startup offers allergy-related digital devices. Nexkin Medical manufactures allergy-related medical devices, such as NEXKIN DSPT, a digital skin prick test reader, to improve the diagnosis, treatment and monitoring of allergies, a disease that affects more than 30% of the population. Capital Cell recently invested €800,000 in Nexkin Medical as part of its next round.
Health tech has grown the most in the last two decades, in part due to the ever-increasing cost of healthcare and the constant search for more efficient and effective treatments. Health tech is also known as medical technology or biotechnology and includes diagnostic, therapeutic and surgical equipment, as well as information systems and software to help improve patient outcomes and experience, avoid medical errors and improve the efficiency of healthcare organizations. These technologies are used in the diagnosis, monitoring, treatment and rehabilitation of patients in hospitals, clinics and at home. Biotechnology is the use of living organisms and bioprocesses in technological applications. Biotechnology is applied to industries such as agriculture, food, cosmetics, pharmaceuticals, timber, oil, mining, forensics, energy, environment, information technology, robotics and defense. Healthcare technology has the potential to solve many of the problems facing the healthcare industry, from rising costs to poor quality of service. It is important to keep an eye on the latest developments in this industry, as it will be responsible for improving our health and well-being in the near future.