Internet of Things is a hot topic and increasingly used in many sectors. Healthcare is one sector which has rapidly adopted some good IOT practices. The analyst firm Gartner says that by 2020 there will be over 26 billion connected devices all over the world. Even in India, we have seen successful IOT startups like SenseGiz, Trak N Tell, CarIQ, RHL Vision to name a few. Here is one such IOT startup from India which is trying to disrupt the healthcare industry with connected devices.
Bangalore based Cooey is an end-to-end IoT-enabled chronic health-monitoring platform which allows its users to self-manage (log and analyze), educate and share/interact with a physician and other service providers with help of its ‘App’. It provides insights and personalized health tips to patients based on their medical profile. The initial focus is on managing hypertension and diabetes. Users can use smart devices viz., Smart Glucometers, Blood Pressure Monitors and Body Fat Analyzers seamlessly or through voice commands, screen capture and manual methods to log data.
Founded by Manu Madhusudanan and TP Prabhakaran in June 2015, Cooey (‘ku:i) is a peculiar sound uttered by the Australian aborigines as a call to attract attention. In a first of its kind in India, Cooey launches India’s first smart Glucometer for diabetics.
“Existing blood sugar monitoring glucometers are dumb, drain battery and need manual data entry,” says Manu Madhusudanan, CEO & Co-founder of Cooey Technologies. Marrying user-centric design and smart technology, Cooey has released India’s first IOT glucometer that wirelessly syncs data with a smartphone.
The Cooey glucometer is automatic and simple. The blood glucose levels are measured through blood on a strip in the smart glucometer and the data is automatically logged. Complete access to history, patterns, spikes and other data to track the progress of the patient is available and can be shared with the doctor through WhatsApp, text message or e-mail, allowing enormous convenience. Mistakes in manual entry of values, forgetfulness or forgetting to carry records is completely eliminated.
“The day is not far off,” says Madhusudanan,” when Cooey can remind you to drink water or exercise or offer diabetes-friendly food options based on location data, promising a painless diabetes management experience.”
Cooey’s Smart Glucometer is a small, pocket-sized device that is portable, connects to a smartphone using the 3.5mm headphone jack and transfers the readings automatically into the Cooey application. Cooey offers three smart devices, which are available on Flipkart and Amazon – Smart Glucometer (Flipkart), Blood Pressure Monitors (Flipkart / Amazon )and Body Fat Analyzer (Flipkart / Amazon) – all of which connect seamlessly with the app.
The android app, which can be downloaded from Google PlayStore, has already seen 90,000 downloads across the world indicating a strong need for effortless monitoring and diabetes management. Cooey plans to release an iOS app for Apple devices soon.
What does Cooey do?
Cooey is an end to end health monitoring IOT platform that intends to collect (device), store, analyze and provide insights of vital signs for patients. It connects you with the health services and provides personalized services according to your health state. For end users it is a health management application with personalized services.It is single window for life management. Enrich your life with personalized insights from your daily life.
- Chronic patients (Current focus is Diabetics and Hypertension)
- Antenatal care
- Devices: Log, share your medical data and let us do the analysis
- Smart assist: Personalized tips and recommendations based on daily life activities from our smart recommendation engine
- M-Log: Mobile based personal health management application. Diabetes and Hypertension App. Services available in India.
- W-Log: Web-based portal which works on mobiles,tablets and desktop computers
According to a new report published by Allied Market Research, IOT healthcare market is expected to reach $136.8 Billion, worldwide, by 2021. IoT in healthcare market is anticipated to grow at a significant pace, owing to easy availability of wearable smart devices, increasing need for stringent regulations and decreasing cost of sensor technology. Services and system & software segments collectively occupies a dominant share in the world IoT healthcare market and is expected to drive the growth over the forecast period. Patient monitoring application segment is expected to maintain its lead position with $72.7 billion by 2021.
Key Findings of the study:
- Healthcare providers (hospitals, doctors) and patient’s end user segment would continue to lead the market, accounting for more than three fourth share in 2015.
- Fitness and wellness measurement application segment is expected to grow at a CAGR of 15.7% during the analysis period.
- Asia-Pacific is projected to be the fastest growing region in internet of things (IoT) healthcare market, registering a CAGR of 17.0% during 2015 and 2021.
Keeping in mind the market potential of IOT based healthcare devices, Cooey’s value proposition is highly encouraging.
What do you think of this amazing IOT startup from India. Post your comments below.