13th January 2023
The healthcare world is always changing, and it can be hard to keep up with the latest trends. But if you want to stay ahead of the curve, it’s important to know what’s going on. That’s why we’ve put together a list of the five most popular stories amongst our followers from 2022. From Big Data opportunities to Series A investments, here is a roundup of the readers’ choice articles:
1. Five opportunities for Big Data to transform healthcare
Today, 30% of the world’s data generated is attributable to the healthcare industry. Each activity patients and healthcare providers engage in gets documented digitally via electronic health information systems and digital patient records. This vast amount of healthcare data provides profound insight into diseases, and – when used efficiently and appropriately – can optimize healthcare delivery and patient outcomes. The market value of Big Data in healthcare is expected to reach over $78 billion by 2027.
To help our community make the most of this high growth field, we picked the top five opportunities for big data to transform healthcare. Check out the blog or the webinar we ran on this topic to find out about predictive analytics solutions, high value care, improved patient experience and much more.
2. Ireland’s Health Innovators: three start-ups making an impact internationally
Ireland’s MedTech sector is well-established as one of the leading clusters for medical device products globally, with over 300 companies operating in this space. Last year, we dived deeper into Ireland’s innovative landscape and had a closer look at Ireland’s health innovators making waves on an international scale.
- ProVerum, a Trinity College Dublin spin-out, delivers minimally invasive treatment for patients with symptomatic Benign Prostatic Hyperplasia (BPH), a condition that causes difficultly with urination.
- Wellola offers hospitals and GPs secure telehealth and patient portal platforms as healthcare moves from clinical settings to the home, a trend accelerated by the pandemic.
- Selio Medical develops a cutting-edge medical device that aims to transform lung biopsy procedures by eliminating the complication of a collapsed lung.
Check out the blog to learn more about these Irish health innovators taking the healthcare industry by storm.
3. ProVerum raises €30M in Series A
EIT Health-supported start-up ProVerum raised €30M in Series A funding with investments from Gilde Healthcare, Lightstone Ventures and Atlantic Bridge.
“This is a very exciting time for ProVerum and EIT Health has been extremely supportive in getting us to this stage. We are looking forward to bringing our patient-friendly solution to market so we can offer BPH sufferers a safe and effective treatment for BPH that can be delivered in the doctor’s office.” – quoted Dr. Conor Harkin, Co-Founder and CSO, ProVerum for one of our community stories.
Check out the case study in full to learn more about how ProVerum raised €40M investment in five years.
4. Six Irish start-ups transforming cardiovascular care
On World Heart Day, EIT Health Ireland-UK highlighted the achievements of six Irish start-ups transforming CVD.
- AuriGen Medical is developing a novel smart implant therapy for atrial fibrillation (AF).
- CapBuster is a revolutionary medical device designed to penetrate completely blocked arteries, by incorporating engineering intelligence at a nano-level in angioplasty.
- CroíValve is a MedTech start-up that provides a minimally invasive treatment for tricuspid regurgitation (TR), a condition affecting over half a million patients every year in Europe and the US.
- InVera Medical is the world’s first effective non-thermal medical device to treat varicose veins and venous ulcers, without harmful side effects.
- Lifelet Medical is developing a novel polymer heart valve replacement, free from animal tissue, for patients suffering from heart valve disease.
- OneProjects is revolutionising the treatment of cardiac arrythmias and structural heart diseases having developed the VERAFEYE™ full-suite imaging platform.
Read the blog to learn more about start-ups developing pioneering breakthrough technologies in cardiovascular care.
5. Creating Impact: Deploying IPCEI for health
The COVID-19 pandemic highlighted issues in European healthcare systems such as lack of production capacity, and logistical challenges. The European Commission is working to rectify this situation by setting ambitious health objectives which will concentrate public and private funding around targeted projects in its Important Projects of Common European Interest (IPCEI) in Health call.
In our third instalment of the ‘Creating Impact’ series we examine deploying IPCEI for Health.
To date, EIT Health has supported almost 1,700 health start-ups (90 in Ireland and 100 in UK) from across Europe accelerate their ideas into new markets, via pan-European training, public and private financing, and mentorship programmes.
We will soon be launching our next round of business accelerator programme offerings for 2023. By subscribing to our newsletter, you’ll receive the top opportunities of 2023 straight to your inbox.